The Hawaiian gazette., 1916-05-12
SURPLUS LACKING
PRICES STAY HIGH
New York Brokers Would Like
,NrLower Prices But.Do Not "
See How "

ohN VI w
Ricos and 900 tons venezuelas were sold
atsNew York during the week ending
April e.. Willett 4 Gray reported Gu
ban exports, 10s,4l9 tons; stock 902,.
12s tons, against last year 5s7,250 tons.
Centrnls1 grinding 1853, against liza
last weeE, E6 last year and 100 In
1914.
Stocks in the United States and Cuba
together 1,O42,954 tons, against 1,O1s,-
1875 tons last week and 063, 1855 tons last
year, an increase Of 1870 tons from
last year
In part they stute that considering
the former advances in the value of
raw sugars, as noted by us from week
to week for some time past, it is some
what surprising to have to record a
further important rise Of slice per ID.
for single week at this season of high
est stocks and largest production in
Cuba.
Stocks Getting Smaller
notwithstanding this fact, the re.
ceipts of sugar in the United States are
less than the requirements for melt.
ings, and the available stock is re-
duced. Although the present high price
may be Rscribed as usual to the effect
of sugar supply and demand, yet it is
more directly traceable to the fact that
Cuba has no competition, owing to
scarcity of ocean tonnage and almost
prohibitive freight. rates from Java,
the only large sugar crop that could
compete with sugars from Cuba. 1t ap-
pears as If all the Cuban holders had to
do was to name a selling price, and if
said price was not Immediately obtain
able, a wait of only few days result.
ed in obtaining the basis asked.
"The demand for refined sugar for
both domestic and export use shows no
special falling Off or Indications of any
decrease which permits the accumula-
tion of surplus supplies of raw sugar,
and until such surplus does begin TO
accumulate prices should continue to |
remain firm If not show advancing
trend.
Choking backward to other periods
of high prices; we find. that 'the rises in !
values have been checked by some
cause at about the present level.
Cuban Shipments
Although twelve Cuban centrnls
closed during the week, leaving 1862 |
still in operation April "a, the receipts
amount to 1918 tons, nearly the same |
are of good size, 10S 40 tons of which |
= 57,s97 tons were shipped to the United
states Atlantic ports, and which, in |
themselves, continues less than the re-
ouirements for melting. New Orleans
shipments are more moderate at 7767
tons, while the exports to Europe are
large at 42,755 tons, although when this
amount is considered with the small
European shipments of last week
(4829 tOns), the total of the two
amounts spread over two weeks is not
extraordinary Stocks in the Island
are increased to 902,l2S tons. The Wis
ible production to April %. 2,25S.2l3
tors. compares with that of the CORES
ponding dates of the two previous
years respectively, of 1,662,797 tons
1,S45. 1871 tons.
Drought is Ended
COpious rains are reported from
many parts of Cuba and which are
very welcome after the lOng-cOntinued
drought, not only for the next crop but
for the cane crop still awaiting harvest
FOR this season 5 grinding, unless the
rainy season sen| in in earnest, which
would mean tn, curtailment Of grind
ing for this crop. We have a cable
which reports that general rains have
fallen Throughout the Island, and a later
message stating that the rainy season
has commenced; 1853 ceRtrals grinding
today.
Europe
The Austrian government has com
m0nded the farmers to increase their
beet sOwings, but some reports mention
an increase Of only FIVE per cent. Hol-
land expects an increase of about ten
per cent in sowings In Germany it is
difficult to increase the sugar beet acre.
age because of the high prices obtain.
ing for potatoes and other food crops.
Denmark produced l25, 200 tons in the
1856 beet campaign. Refined sugar
10 France is selling at 9.1ac per Id.
Wholesale, and at ll.3Sc per h. retail.
Louisiana Finals
The United States Department of n
agriculture, bureau of crop estimates,
has issued the following revised report
dated Washington, ID. c., April q,
1916:
The sugar crop Of Louisiana. in 1918.
was $4,000 short tons, or 275 900 900
pounds G22,76s tons, 2240 lbs.). Re
vised statements from several factories
have made relatively slight changes
from the preliminary figures published
in March. l.
The mOlasses amounted to ~ $50 900
gallons. About 1888 900 acres were har.
vested and 2,0l8,00O short tons of cane
were crushed for sugar making. An
average Of 1875 pounds Of sugar was
made from a ton of cane in 1915. as
compared with 1852 pounds in 1914, and
100 pounds in 1918.
The cane crop yielded eleven tons
ner acre in 1918. as compared with If
teen tons in 1914, and seventeen tons
in 1913
CeVloh Refinery
Th" GeVlon Sugar Refners. Ltd.
which was Incorporated two years ago
with capital Of $685. begins the
manufacture of sugar in April, 1916