The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1917-10-26
.SUGAR7DEADLOCK in
new YORK BECOMES
genuine DEADLOCK
CubaEs Refuse To Sell and Mar
ket, Stops Absolutely For
First Tine In Years
SELLERS DETERMINED
NOT TO ACCEPT PRICE
When Louisiana and Beet Crops
Come In Different Situa-
ton IS Expected

Deadlock that il practically absolute
In the New York Sugar market is re.
ported TO one Of the large local sugar
agencies from its New York represen-
tative in letter on the New York
sugar situation which was mailed un.
der date Of October 10. This repre-
sentative believed the deadlock would
be. broken before a, great while and
that in the end the Cuban growers
would be the sufferers fos their stub
bornness and the telegraphie adviees,
since the date of the letter, Indicate
that he was right The assertion of
President Menocal that he will check
sugar boarding and see that the Unit
ed States gets its supply bears him
ont. r
The deadlock on sugar which had
then existed for about two weeks, is
evidently the largest participating
cause toward the sugar shortage that
approached famine proportions with
the retail trade in New York. The let
ter says: ,... J. A.. ss.s. T..
!. ~Another week has gone by, this
time without o single sale Of sugar to
4 Il. w
70 End n parallel and then many years
more than that for a prior record of
the same kind. There are buyers of
course az S71a cents G. h F. but sell
ers win not permit the deadloek to be
broken, ~,
y "'The quantity Of unsold sugar in
Cuba runs all the way from $4,000 to
5000 tons, according to who makes
the .es.irstc. Prominent refners here
claim the latter figure while equally
) prominent operators. stick to the form
I er estimrte. d g.: % rl& g..
/ So About 2Opo tons of Cubas have late
Nv been sold TO neutral countries at
, about $50 cents +, @. B. Cuba, but
measure is being brought to bear on
1 the Cuban authorities to prevent any
more such sales and as the Louisiana
and beet sugar harvesting season will
soou be in full swing. the obstinate Gu
/ bans win soon be between the devil
and the deed sea, so TO speak, for even
|, On madam refiners have been persuaded
10 cease their purchases Of these su-
CARS. ~ = 49,. o."
"Referrina to. the reported move.
nnent of Iavas OF which we wrote last
week, aaviaes from the Far East throw
no little doubt on this report as it is
claimhd the steamers cannot yet be
spared. ....
"There is only one central now OPP
Grating in Cuba, the Santa Lucia,
which, owing to peculiar local condi-
tons, always grinds long after the 9th
ers have closed down
Refined Sugar Scarce
=, Refined Sugar is getting scarcer
every day, but whether our coffee and
tea will have TO go without sweetening
still remains to be seen. 1t is hoped
that the urgent appeals to economize
may enah'e the distributors to spin ont
the edmittedlv scant supply until the
I Iouisiaua and beet sugars come in to
relieve the situation. The American,
! National and Arbnckle refneries quote
a.35 cents The Federal and Warner
ave stiN out of the market. The closing
/ down Of the big Hayermever Elder
refinery in Brooklyn. Ostensihlv IN order
! to overhaul machinery, is believed to
be more directly due 70 scarcity of raw
ugar, but in any event, il is probab'"
a case of killing two birds with one
1 stone. 90.