The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1917-01-26
MARKET IS FIRM
ANDRAW SUPPLY
IS STILL SCARCE
Cuban Crop Harvest Continues
Slow and Louisiana Is
Exhausted g.. Il
W. t - y
WESTERN BEET INTERESTS /
WITHDRAWING FROM EAST
Increase In Number Of Cuban
centrals Grinding Gives An
Easier Tone

The sugar market at New York
closed firm but quiet for the week end.
ing January IL. The market during
the week was steadily maintained at
$50 cents, Willett & Gray report, and
this price was also paid for specified
January clcarances. . .".,. =
Quotations on the Hawaiian basis
from January to IL were 5.S6, 5.33,
$50, $50, $50 and 5.27
Sales of raw sugar at New York for
the week were $4,000 bags Cubas, Janu,
AIRY clearanees, 5000 prompt, 1900
aaoat and 10000 early February; 81, 1000
bags Porto Ricos, some prompt and
most late January delivery, and 200
tons Perus in port.
Market Shows Strength
The sugar markets were reported to
have developed the intrinsic strength
Of the sugar situation. The expected
glut Of beet sugars had not occurred,
and the forecast was made that il
would not occur. The Louisiana crop
had not furnished any surplus and was
practically exhausted. The Cuban crop
was unexpectedly slow in its harvest,
and finally, sugars are scarce and ris
ing in price. With the withdrawal of
Western beet interests from Eastern.
territory then occurring, the whole
sugar market seemed to take on con.
siderable strength. EN. ...@
Stocks in the United States and Cuba
together were 1877 1884 tons, against
136,S75 last week and I70,564 last year.
a decrease of 1890 tons from last
year. Estimated afloats to United
States ports totalled $4,000 tons,
against $4,000 tons last year, the total
being made up of Cuba and Porto Rico,
5000 tons; Hawaii, $4,000 tons; Phil.
lpPines, 10000 tons; Louisiana, 1000.
tons; various, 5000 tons. Willett &
Gray reported on the week as follows:
Raw Supplies Small ..|...
1.-The market during the week was
steadily maintained at $50 cents, and
this price was also paid for specified
January clearances.
1.-THE small raw supplies atthe At
lantic ports gave the market strong
tone and there was every Indication of
obtaining 5.52 cents for sugars in near
by positions. ..@,.r.t..' - - .,
" However, the exports from Cuba
during the week were cabled as 1881
tons new crop and 1857 tons old crop,
and as these exports were larger than
expected, they gave an easier tone to
me market, and apparently the chance
OF obtaining 5.52 cents was gone for the
present, as there were sales reported on
Tuesday and Wednesday of Cubas
ainnt Mt 5.39 cents, and there were sell.
ers OF January shipments at 5.33 cents.
A"First half of February sold at 5.27
cents, and all February sold at STA
cents. .'0I..01
Porto RiGos also helped TO relieve
me situation with sales of prompt ship
ment at 5.33 cents and January arriy-
as at o.2I cents. The rapid increase
~ the number of Cuban centrals to 132
also had tendency to ease oil tho
.'.
Cuban Crop Backward
Cuban centrals grinding January IL
were 1872, against 90 last week and I43
last year. Receipts for the week were
So 900 tons, against 1851 last year. J
WHiett a. Gray report: .r.r' ~. +,
The crop is backward, but il is ,
cntching up quickly. Perhaps the most |
important item is the figure of exports !
Tor the weok--l0 03l tons new sugars
and 1857 tons old sugars, a total of !
sl6lS tons, all destined to United !
States Atlantic ports. ~. 49,. |
"Stoeks in the island were 474I9 tons
new and ii ,S57 tons old; total, 5g,276 |
IONS The visible production TO Jana. |
Wy o was 7l,903 tons, against CORE,
'ponding figures for the two preceding |
'empaigns of l52 800 tons and 90 676 |
Iens respectively, The weather, con
lnued favorable for harvesting |
throughout the week. -' '.'
Manila Shipments Heavy ...s. /
Maniia reports EXPORTS during Deccm.
per from the Philippines Of 1000 TONS n
nlted states Atlantic ports, the same |
g the Paeihe Coast. 1860 tons TO the
nited Kingdom, $40 tons To Asiatic |
'orts, and estimated afoats January III
y lftb'o tons TO United States Allan. /
lie ports. -
Total shipments for calendar yenr |
l9l6 were $4,000 tons for America.
'gainst $4,000 tons the previous year:
etal shipments to All countries 1916 |
'alendar year, $4,000 tons, against
,ospOO tons the previous year. -
louisiana Yield Low -.
aIhe United States department Of no,
'ieultire has issued a preliminar ne. !
IRE Of the outturn of the 1916 II !
Louisiana crop as 272 054 tons. Aver.
iga yield Of sugar was 7,3 per cent.
England still reports demand for
'ugar far Ia excess Of supply. notwi,hg
standing the appointment Of a food !
A. Herriot, minister Of supplies, de-