Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-03-29
CONDITIONS IN
DISTURBED CUBA
Seem IMPROVED
Advices to New York Sugar
House Say Disturbances
Grow Less Serious
Especial Correspondence, Willett &
Crawl


Cray
NEW YORK, N. Y. March 1.-THE
market last week was about steady
at 41-4c c. and +. (527c). The nearby
market was affected by heavy arrivals
CT raws to refiners and also by several
lots of unsold sugar in port. The
ample stocks of refiners made selling
OF these nearby lots difficult and one
lot pressed for sale could not be sold
at better than 4 1-Sc c. and (. (5.14cl,
while sugars for late March and early
April we're salable at 4 lac c. and T..
(5:27cl.
On Saturday the tone of the market
was much improved by cable adviees
received by US from Messrs Guma-
Meier reading as follows: Owing
TO cane destroyed and disorganiza-
ton of eastern provinces. general
poorness of yield and actual delay, we
consider that present crop will be less
than 100000 tons"
Sales were Immediately practical of
prompt shipment at 4 lac c. and I.
(5.27c), and later at 3-Sc c. and I.
(5.39c). The market continued to
show improvement with sales at
47.16c. c. and (. (5.46c) and 41-2c c.
and f. (5.52c) for prompt shipment
until Tuesday, when the usual Cuban
cable was received, and as these sta
tistics showed ample receipts and ex-
ports, the market eased off consider
ably and sales were made on Tuesday
of nearby sugars at 7.16 C. and Z.
5.46c), and on Wednesday at 1850
c. and f. (5.39c). = ".... 49,
Porto Rieos Show Activity
Today the market is quiet with sell.
ers at 3-8c c.. and (. (5.39c) for
March, and lie c. and I. (5.52c) for
April. One sale is reported Of sugars
afloat at 45-16c c. and (. (5.33e) to
operators, but generally buyers show
but little interest. II. .-.. 49,. -...
Porto Ricos have been active during
the week. the sales amounting to 200,-
600 bags, the greater part at $3.50 and
5.27c. -. T..
Conditions affecting the market ap-
pear to have. q more fbearish effect
than otherwise, and ani1bg the condi-
lions may be menti0ned the practical
settlement of the Cuban troubles, fndi-
cations of a strike on American rail-
roads, arrivals of raws. at Atlantic
ports still above melting, adding
further to the already ample stocks. 4
Further sales are reported to she
United Kingdom of Cubas on an I. o.
b. basis, at unchanged basis of about
4e (. o. b.. Cuba. The sales to Europe
are estimated at SOC, 900 tons, part Of
which has been shipped. ..=e. 4
The disturbance IN Cuba, although
continuing somewhat, would seem to
be of less serious nature. Complete
figures exist so far only for the Six
Ports, and are: Receipts, 107 1882 tons;
exports, 1856 tons to United States
ports, IL, 41S tons to New Or
leans, 1929 tons to Galveston and r.:
407 tons to Europe; total of II 1893 +,
tons; stock, 322,470 tons. Centrals
not given. The visible pro- |
duction has passed the million mark, /
standing at 1,119,278 tons to March 10,
against 1,320,816 tons to corresponding /
date last year and 964,715 tons in 1915.
Estimated total stock I'm the Island Is ;
446, 900 tons. The Cuban government
has stated recently that every mill in !,
The Island is grinding. ,t.. <..s:> Il
Fairly complete reports of exports
'or the week from most of the outports
IRE at hand. as follows: ...:.. ...-..-I