Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-12-21
QUICK TRANSPORT
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NEXTFOOD MOVE
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NEW YORK. Nov. 30.-The only
transaction made during the past
week was one OF $500 tons new crop
Porto Rico centrifugal sugar. for early
December shipment. the price OF
which was left in allegiance to be
fixed later by the international Sugar
Committee. Central "GuaniCa, the
plantation which will manufacture
and ship the sugar involved in this
sale, is already in operation, being
the first to start working in Porto
Rico this campaign.
At a meeting Of the Cuban Commits
sion appointed by President MenoCal,
of Cuba. and headed by Senior Carlos
Manuel de Cespedes, with the Inter
national Sugar Committee, held this
afternoon, at the. office OF the com
ittee at Ill Wall street, an agree
ment in regard to the purchase and
sale basis price CT Cuban sugars for
the coming crop was arrived at. the
figure being 4.90c cost and trelsh,
New York, based on a soc freight rate.
which reflects an equivalent OF about
4.6Oc fob. Cuba. The actual price
of the sugar at New York can only
be determined after the United States
shipping board has fixed the rate Of
freight, which point it is hoped will
be settled within very few days.
The committee adjourned to work
out important details in connection
with this immense transaction.
That the matter of ample tonnage
nj finn for th o
expeditions transportation of sugars
from the West Indies is receiving
careful attention became public this
week The information was contained
in a recent announcement by Geo. NJ.
Rolph that the transportation COM
mittee appointed by the United States
shipping board, and Of which Joseph
Hodgson, freight traffic manager OF
the New York and Cuba Mail Steam
ship Co. is the chairman, will occupy
offices in the same building as the
food administration at No. III Wall
street, New York. Arrangements
have been made for cooperation be,
tween this committee and the food
administration and whatever commit
tees may be appointed by the vari-
Gus West India Islands concerned, for
the purpose of most efficiently hand
ling the expected large sugar crops
Of those islands during 1918. At a
conference last week between the In
ternational Sugar Committee and
West Indian Islands during 1918. At
a conference last week between the
International Sugar Committee and
West Indian freight interests the fol-
lowing rates, per 100 pounds Of sugar,
were tentatively settled upon for New
York delivery:
From Cuba, north side, 39c; south
side, 47c. From San Domingo, 55c.
From Porto Rico, regular liners, 40c;
outside st, lmers, 45c.
The weather in Cuba continues cool
and favorable for grinding, and while
there are only 5 Centrals thus far in
operation, it is expected that several
more will start up in the very near
future.
Supplies to tide over the period of
scarcity here until new crop Cubas be-
come freely available continue very
small, although some relief is felt
from the shipment Of Louisiana raws
and the distribution of granulated
originally held here for export abroad.
In this connection it is interesting to
note that while refiners' MEETINGS of
raws at the three Atlantic ports since
January this year show a decrease
Of 274,000 tons from last years total
for the corresponding period, the~ex-
ports of refined sugars during the
same time fell off 292,425 tons. These
figures indicate that the quantity of
sugar actually distributed for home
consumption is about the same as it
was last year, but it must be borne
in mind that the figures of domestic
consumption during the first six
months of this year showed an in
crease of more than 100000 tons over
those for the first half of 1916.
The receipts for the week at the
three Atlantic ports were 7S45 tons,
compared with 46,105 tons last year
and 5000 tons in 1915.