Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-12-08
WITHNEW CROP
insight Price
GOESDOWNWARD
Especial Correspondence willett a
Grayl

u
NEW YORK, n. Y. Nov. 23-The
department Of agriculture advises rs
that the recent freeze in Louisiana had
damaged that crop II per cent. As
they have never publisher any crop
figure. IL is impossible To reduce this
damage to actual tonnage i7ss. We
will continue our estimate of the CROP
at $780, ton unchanged Gntil We can
obtain more data On the actual out.
turn
Porto Rico advices state that some
Of the centrais which were ready to
start grinding will have TO delay their
commencement OF operations owing TO
heavy rains.
Demeraras and other British prefer.
entail sugars are offs~ing at 4.9oc,
basis So degrees, with n small sale
OF Barbados at 1850 C. |. [. to Cana
dian refiner.
Canadian Consumption Falls OFF
The total consumption CT sugar in
Canad for the year ending March 81,
1916, is 267, 1889 tons, against 2o2, $50
tons consumed in the previous IL
months, decrease Of 36,601 tons, or
l1.59 per cent. The figures show
falling off in consumption in British
preferential sugars of about $4,000
tons.
Cuba to Grind Soon
There is very little new to report
from Cuba. Grinding of new crop has
not started yet, but cable advices OF
this event may be expected at any
time. The weather during the begin.
ming OF the week was rainy for three
days, but conditions improved greatly
thereafter, and late advices state that
the weather is fine. Exports of the
week were 24,829 tons to the U. s.
Atlantic ports and only 214 tons to
Europe, total of 25,043 tons, reduc-
ing the stock in the island to 1852
tons. The stock at this time last year
was 1859 tons. Latest cable advlces
report abundant general rains during
the past week in eastern Santa Clara
and western Camaguey and Pinar del
Rio provinces, the wind that accom-
panied the rains did little damage to
the canes, but quite some damage to
bananas.
Russia Suspends Duty
The Official Trade Gazette OF Petro-
grad for September 24-October an.
nounces the council Of ministers has
approved the proposal for the TEN;
porary suspension of the sugar duty
until September lila, 1917. This al
plies to importations via all frontiers
Sugar Cards issued
Practically all European countries
have resorted to the issuing of sugar
cards or food books Sweden. Norway
and Russia have joined the ranks and
the matter being seriously consider,
ed in France and Denmark England
is using every preventive to keep
down the unnecessary use of sugar,
and consumption Is being further cur
tailed under new regulations being
promulgated
A dull week is reported in refined
at unchanged price of 7.50c, except
Pennsylvania at 7.45c Very little de.
mand was experienced for either local
use or export, and the moderate tusi.
ness passing was taken care of from
second hands at 7.30c to 7.35c.
All refiners are now able to shin
promptly and are insisting that old
contracts still on the books be closed
out
Owing to cheaper raws obtainable
at New Orleans, two local refiners
there are quoting granulated at 7.30c,
regular terms.
Domestic beet sugars continue firm
ly held at 7.30c, New York basis as
far as Buffalo and Pittsburg, but our
advices from Chicago state that there
are free offerings of beet sugars from
second hands at 6.75c to 6.85c, New
York basis.
Export quotations are about as fol
lows: Prompt and December 6.25c
January 5.50c, February and March
5.2oc, all net cash, in bond, for fine
granulated.