The Hawaiian gazette., 1917-08-17
Demands Of Refiners Are More
Urgent and Holders Of SUI
gar Reap Benefit
ATLANTIC, STOCKS ARE 4,
CONTINUALLY DECREASING
Transportation Is Big Problem
Since There Is Sugar pIenty 1
Z /. But IN Wrong Places

h'"'O" VI h-otVVV f"ets " NNbee' AuVet'
ly early August and prompt delivery
and small portion in storesj 10000
bags of Porto Rieos, August delivery;
400 bags Of Guatamalns, August; and
1900 bags Perus and St Croix, in the
week ending August >, are reported by
Willett & Gray Of 80 Wall Street, New
York. A very small portion of the sales
were for early September delivery and
the small amount Of Porto Ricos was
noticeable.
Relative to the New York market,
Willett & Gray further says:
The market last week was strong,
with light offerings at Eve and seven.
eighths cents c. & e. (6.s9c) and with
holders generally asking six cents c. &
e. (7,02c). The demand FOR raws con.
tinued more urgent than the supply and
prices have advanced. ~
Late on Thursday sales were made to
Canadian reliaers Mt 5k cents in bond
and outpof reIiners paid 5 1916 cents
{. & Z. C6.96c), and this additional com.
petition or the small supply offered
caused an advance on Friday to 6,96
cents for stored sugars and six cents
Ia, & t. (7.02c) for August shipment
C,ibas, s5E ~ ~ gss9fs 'EE4 <g~I
ON Monday further, activity occurred
and fully 10000 bags of Chbas, Porto
Rieos aud st Croix were sold at six
cents G. & {. and 7.02 cents for all po.
sitiOus. - =. ID. - ..... ..5.#., sts.Gt.s
. Since then the market has been firm
at six cents G. & T, and 7.02 cents, with
moderate offerings at one-sixteenth cent
to one.eighth cent higher. T.. ~.
y Today the tone is stronger, with
sales of August and September Cubas
at six and One-sixteenths cents c. & 4.
7.OS cents and six and one-eighth
cents c. & +. CAS- cents). e..
The excessive hot weather is inter.
fering with the output of refneries
and there is more or less labor trouble
on the waterfront. - ~
Full.duty sugars sold at 5 and seven
eighths cents and six cents c.i.f. w..
The Atlantic Port $ stock continues
TO decrease, the receipts being only
32, S44 tons against MEETINGS of $4,000
tons, leaving rehners stock lS9, 10
tons. 80.
Refined Prices Also Up
! The continued strong and advancing
raw market compelled refners to ad.
vance prices during the week and as
I'VE go to press quotations are as fol-
lows: American and Howell Sl5
rents, Arbuckle $50 cents, Federal and
Warner withdrawn.
|. II is difficult to obtain sugars, but
rcfipers have been willing TO take
care of manufacturers who have no
sugar on hand, and also TO distribute
q moderate amount of grOecrs and job
bers in similar position.
The new refining company at Savan
nah, Georgia, the Savannah Sugar Re.
fining Corporation, started melting on
July l6, and offered their product for
sale ON July ~ at $50 cents less two
per ceut fob savannah, Georgia, This
company reports that the refinery is
working in satisfactory manner and
that the refined product is we'll re-
ceived by the trade.
California new crop beet sugars,
which were offering last week in ter
ritOry Chicago and West, at 1863 cents
New York or New Orleans basis, thir-
ty.day contracts for shipment in turn
from the beginning of factory opera
tons about the first week of August
have been withdrawn, MS the sellers
have disposed Of all the early produc-
ton they care to at this time ID. .
Other markets made advances dur
ing the week as given elsewhere in this
i sue. WI. ..... 20.
@ lba Market Statistics a..
Entire Islaad figures for the week
were cabied as follows: Receipts 3D.
042 tons, exports to Atlantic ports 25,
ST3 tons, to New Orleans 6593 TONS, to
Savannah (for the new refinery just
Openedl, 1914 tons, and to Europe ~,
"a tons: stock 5l5S97 tons, which is
almost the same as last years figure Of
SO 800 tons. The weekly production
continues above that of corresponding
weeks of the two previous years, thus
bringing the total visible production
constantly nearer to last year figure
Visible production to July 2S compares
28a4,T30 tons. against 2,9lS,7S6 tons
last year. aud 2,+l9S53 tons for 1918.
The estimated balance Of supply Is
6sl, l5S tons, and which is larger than
both last ypar's figure of COS 1913 tons
and 1915 of GG9,554 tons, while thiI
wears balance of supply is larger than
last years, il must not be overlooked
that large proportion is under. con
tract now for shipment to Fhlrope. and
mart ~ the balance is eouifcturssl be-
lug dc' endcat WiHn weather conditions
PERM firC continuation Of grinding,
and planters are therefore loath TO Ofrer
sugars. until made. We estimate that
fourteen Centrals in the eastern por.