The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1917-02-02
MARKET lS.F|RM
0NSMALL SUPPLY
Cuban Crop Progresses With
Favorable Weathers and
Futures Ease off

Sales of rnw sugar at New York for
the week ending January 1s,were 1885,.
600 bags Cubas, afoat, prompt, and
early delivery; POO tons cubas prompt
shipment and $4,000 bags Porto Ricos
late January and early february.
During the greater part of the week,
thc.market for nearby positions, owing
to light arrivals Of raws to refners, was
firmly maintained at 5.39c, according to
Willett 4 6ray's report. Toward the
close, however, this position eased of
and ii was impossible to sell afloat SUI
gars at better than 5,27 cents; and mar
ket quotations were reduced to this
basis. .,'5"'N . "A @. t#NH3
Hawaiian basis quotations for the
same period held for two days at 5.33
cents, advanced to 500 cents, dropped
to 5,27 cents and declined the last two
days to 5,205 cents. ~. n
Cuban weather Favorable 49,
! Stocks in the United States and Gu
ba together were III SIS tons, against
| 1854 tons last week and l9l 1852 tons
last year, q decrease of 20,377 tons
from last year. Estimated afloats from
Cuba and Porto Rico were $4,000 tons,
Hawaii, 10000 tons; various 5000
tons; total, 10000 tons against $1,000
tons last year. Jt' ,'r
Cuban centrals grinding were l4S
against l32 last week and l6l last year
The favorable weather conditions al
lowed the Cuban crop to make excellent
urogress; and with the rapid increase
in the number of centrals the market
! for future shipments ruled easier. Feb
ruary and March were offered freely at
5.l4 cents and bids were solicited at
lower figures ..t... ~"
Sale for Russia Made x. ... b. ar
Sales was reported of about 5000
tons of Mareh-April rawz az SOC cents
to several refners which, is to be ex.
changed for similar quantity of re-
fined sugar for export. isussia was
mentioned as the destination of this
e''c-"" - WIS understood that the
margin for refining was about 10
cents pound.
Porto Ricos sold for January posi,
tions at 5.27 cents, but later declined TO
5.l4 cents. Full duty sugars were OBJ
tainable at AZ cents c. i. (. the parity
Of Az cents C. \ T. for Cubas or 5.39
cents. III. ~ t.s .'. 5... i
Receipts at Atlantic ports, 4l0lS
tons, were larger than the MEETINGS, but
only 1896 tons arrived at New York,
the balance going 10 Boston and Rhila.
delphia. Total receipts included 10000
tons low grade Philippines, Meetings
were increased TO $4,000 tons and total
stocks to 63,052 tons hFirt~E "
Refners Deliveries Delayed t,I.t
Cuban receipts for the week were 81
1872 tons, against 04,523 tons last year
New crop exports were 729 tons to New
Orleans, 23,l69 tons TO Atlantic ports
and 1857 tons old crop TO Atlantic
ports a total of 26,526 tons for the
week. Last year this week the total
was 42,33S tons. Stocks in the island
were S9,143 tons, s0,6s5 tons new crop
and $500 tons old sugars. Visible pro
duction TO January 10 was le9,035
against pa, l09 tons last year.
Refined remained unchanged during
the week, basis 675 cents, a quotation
that has prevailed since the opening Of
the menth, Re1ners are still behind in
heir deliveries owing partly to ipcle-
ment weather as well TO- shortage of
supplies.