Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-02-17
HONOLULU TARBULLETIN. SATURDAY FEBRUARY II, 1917
Foreign Advices Tell of Reduc-
tons in Early Estimates and
Few Increases Heard
Especial Correspondence BY wiIlett 6
Gray

~
Gray
NEW YORK, N T., Jan. 25.-The
week has been rather an uninterestlng
one Market quotations for nearby
positions were nominally unchanged,
during the greater part OF the week
at 5.2ic, bur buyers views were much
below this quotation. The general
tendency has been downward. the mar
ket having been influenced by favor
able conditions in Cuba AMI toward
the close by the report of labor diff
f.culties in the H. & f. refinery.
business has been rather limited, no
sales of importance occurring Hold
ers have gradually reduced their pre-
tensions and at the close after sales
of prompt at rs cents c. & I. CASE
centsl and first half and all February
at 3 rs cents c. & f. (4.S9 centsJ, are
asking Isle cents c. & (. (4.95 centsJ
To I cents C. & {. (5.02 cents) for
prompt and 3.7S. cents c. & (. (4.S9
cents) for February. -. ri. ~
Porto Eiecs have sold at 5.02 cents
for New York and SOS cents to Bos.
ton. Blu s views are now not above
Al cents.
Owing to cheaper freight rates New
Orleans has been able to obtain Cuba5
at lower prices than New York and
sales were made during the week at
cents c. & I. (5.02 centsl for early
February. and 1916 cents c. & I.
t495 cents) for late February.
Atlantic ports receipts have in
creased to 56,974 tons and with larger
MEETINGS, say 5000 tons, stocks are
now 1926 tons.
Sales are reported OF 10000 bags
February loading Cubas at 1886 cents
and March at $40 cents (. O. b. Cuba.
Receipts Of cuhas Increase
Receipts are increasing and are
more in accordance with the season
of the year and the size of the crop
making. Figures are 1888 tons,
against 1882 tons last year, while
centrals grinding on January % COM
pare 16l against 164. This is only
three factories less working than last
year. Last week the deficiency was
seven and the week before "a. The
weeks exports have been more lib
eral-60, 1913 tons total--of which So.
3S3 tons are destined to the U. s. At
lantic poi is. ia tons to New Orleans
and eS6 tons to Europe. Stock in
Cuba is III ,443 tens. The visible pro-
Guction to January 20 is 220,558 tons,
against 358, 099 tons to corresponding
date last year and $685. 76 tons In 1915.
Stock OF old crop sugar has run down
to the insignificant figure of 1886 tons,
while go tons old sugars were ex-
ported to the U. s. Atlantic ports dur.
ing the week. Weather continued IA
vorable throughout for the harvesting
Of the crop. =
Philippine Crop Is Damaged
We have special cable from Manila
which reports decrease OF $4,000
tons in the Philippine crop estimate,
from 100000 tons to 10000. This
amounts to practically catastrophe,
as only about half crop will be made. \
Last years crop outturned GIG, 400
tens. The greatest reduction is in the
crop of the island of 1loilo, the largest
sugar producing island of the Philip
pine group. The damage has been
caused principally by very severe
rains, which have continued too far
also into the grinding season, now on.
Continued heavy rains promise to-
cut down the crop still further.
Dry weather is permitting an early
start in grinding in the Barbados.
Crops Shrink
A shrinkage in beet sowings this
coming spring will result il the Ger.
man governments fixed prices for J