Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-05-19
CUBA CURRENT
CROP GOES FAST
Especial Correspondence czarnik0r.
Riouda Co 112 wan sta

N
Rionda Co. 1l2 wan ST D
NEW YORK. 4. II, April "a The
easier tone which devoIeg6d q 4hs.
early part of the week q sales Of
cnhes n port e G.i2sc. CT. (e.l45c.l
vas ~ short dnration. Coz both reflnr
err and operators took immediate,
advantage Of the opportunity thus at
forded to secure the small quantity for.
Nay shipment that appeared IN the
market on z4th inst. at S.25c CT
tf17c.l, Z price which has aimee been
READILY oDtainabio, especially Cor Out
ports.
whilst 8 wfparceis III .distrsssed-
positions were disposed Of yesterday
10 refiners at 5.125c. CT. (6.145c.l for
afloats and E.l9c c.f (6.21c.) for
prompt shipment, operators had TO pay
6.1Se c.f. lg:30c.l Tor 10000 bags sec
ond-haIf Nay shipment Cubas The
total reported transactions are COM
paratively small at only about Is, 900
tons Clbas and $500 tons Porto Ricos
traded IN this week, on which the spot
quotation declined .06c per ID. to 6.21c.
basis 96s.
With Cuba having already sold per
haps q greater quantity Of her current
crop than Is represented by the $685.
'055 tons reported BY Messrs. GumA
Meier as produced till end cf March.
It u not surprising that ct present MAJ
shipment Is only sparingly offered az
5.375c. .c.f. i6.40c.), and that such Of, /
ferings comprise mainly sugars for
which Comparatively prompt loading
tonnage has been chartered. Planters
geneuallY are reluctant - enrer into
commitments Tor more distant ship.
ment owing to existing uncertainty
as to the course of the freight Market.
which may be materially affected By
the United States government CON.
Wandering American steamers engag
ed IN the Cuban trade. Another factor
now to be feckored with Is war risk |
insurance on the huIls Of steamers. an
item which owners Of boats are en-.
deavofing to ger shippers to pay. In |
addition to the foregoing extra ex
penses, sellers calculations must also
include the possibility Of an export
tax being imposed by the Cuban gov
eminent.
IN yisw Of these various contingent
cies tending to increase the cost or |
Transporting sugars from Cuba tol
United States, t Is quite natural for |
sellers to hesitate about making
further contracts for May and June
shipment on a cost and freight basis,
and that q preference should be shown |
for business in those positions on
fob. terms In this connection It may
be said that further sales for Mayi
shipment abroad have been reported
fAis week as ccnsummated at 49Dc /
ind f80c lob, there being now buyersl
Tut no sellers Of June delivery ct the
latter ignre.
Recent cables report very heavy |
rains 81 most districts Of Cuba during
the past week. as q result Of which /
practically III 81 the Centrais IA tie /
eastern section Of the island have
had 70 suspend operations
Il is Of interest to note that the i
Porto Rican crop this year has been
considerably faster than usual
tho published dgrres Of combined rel
cniptr from that source at the United /
States Atlantic ports and New Orleans
u date showing an increase Of $500
tons as compared with the total for
lie same period last year.
Stocks at the three Atlantic ports +
how an increase this week To a2c.3S0I
tons, which Is 206 ,626 tons more than
was carried here On same date year
1gC.