Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-01-05

REDURPRICES
Especial correspondepce from wiIlett
- a GrnyJ 81


sugar market The most important
development vas the proposal Of Ger
many and her allies b enter into
peace negotiations. These proposals
naturally had q depressing effect. not
only on stocks and other securities
but ON foodstuffs a. well A Tar a.
sagaT was concerned there were add
tional boarish features IN evidence,
primarily the estimate Of the new Cuba
crop BY Messrs. Guma-Mejer at 3.572.-
81 tons or1S65 900 tons over the last
crop. Furthermore 70 was announced
that owing TO the expected larger erOp
II Hawaii, about s5;0Oo tons additional
Hawaiian sugar would be shipped east.
ward 20 Howell ind Pennsyltania. TbiG
win bring the Hawaiian arrivals al
| the Atlantic ports TO about z75, 900 tons
Of e2l0 pounds: the fjrst arrivals are
due about january 10 tolls.
Last week quotations were 45-8g
e. q 4 l5.64el Tor Cnbas and today the
market q 4l-4c {. Of. f527cJ. Gu
bas are altered a. 41-4c CT I. i5.27cl
and Porto Ricos are also obtainable at
the same price.
In new crops holders have reduced
their limits 1sSc per pound. and sug-
ars are .Obtainable at 41-sc c. & I.
.(5.f4c1 for january, and &C c. & {.
/ 5000 for February.Mareh. On Z.
o. b. Cuba terms there was some en-.
CURRY a. 3.lsc, sbut owing % the, weak.
er market this buying limit was with.
drawn.
! FuIIduty sugars followed the Cuban
market downward. with sales at the
close at &c c. e
New Orleans has had declining
market and there are now sellers at
s 1sSc, delivered New Orleans. for re-
flnins grades. after sales ct that fig.
ure. S
Cuban Sugar Crop
The item Of most interest this week
g the eabled announcement Of Messrs.
1 Joaquin GumarLeandro Mejerss first
estimate of the lsl6-i7 Cuba crop or
/ 5,572,s71 tons. Willett & Gray. adhere
! 70 their estimate Of October ~, 1876.
OF 3, 400 900 tens for the 1851 Cuba
crop. The first new crop receipts of
80 tons arriyed At the shipping ports
during the week and Went into stock,
J not having been exported as-yet Re.
/ coipts for corresponding week last
I year were 1894 tons. On December II
There we're nine centrRls grinding.
while q were Ct work az the same
/ time last year.
| Regarding the old-erop sugars 2l,als
tons remain IN stock IN the island.
Exports for the week Of oldcrop s,lg.
J ans were e777 tons. destined to the
I II. s. Atlantic ports.
4 Light rains IN some parts fell during
/ the first part OF the week but ieter
cables reporte1 favorable NeAther.
/ Our latest cables report Is central1
Brinding. against q At ecrrespondine
/ dntc last year
Interesting reading viii be found ID
the annual report of the Cuban.
American Sugar Company. given n
/ this issue.
Receipts From phIIlpplnes
Our speciai cable from Manila states
1 that the exports for the month Of No
/ f6nbef were 300 tons to tie u. s
Atlsntic ports, 1000 ions . San Fran
cisco. 800 tons 70 The Bniled Kingdom
md ello tons % 4sl1iic portsf 4 70
tnI d 5000 hons. Afl0ats to Atlantic
ports. December 1. were 2Q.o00 tons
against 10000 tons last year. Total
shipments al crops, 70 ali countrie.
since January are $4,000 tons
against 20o,00o tons last year and d
4 these amounts s., so tons have beer
shipped 10 the United Kingdom thu
year. against about n, $50 tons during
r the same lime last year.
The Italian government has created
commission under the ministry o
11rIcultufo b regnlate sugar consump
bftsIn RsISss one Rsstrlction
Ii TIE United Kingdom. efler IN
roUU|1el01is recent order prohibIt
Ing private Imports tons 81 low grad
SUGARS. new decree has been handel
l5Ih. 6ndtf Wick 5000 tons Bfitisl
West India sugar win be allowed 70 b
Imported without restriction as Z
sal6. We understand this Quantik
hat been re16nlIy coniracted for
addition 70 these SEQ tens cable "a
Wees report sale - the gogefnmen
81 1900 lo11 Domererks siof yanuar
70 June shipment 1t about IKE. { {
b. DtIIofaIS New IIconec sugars ar
commanding ! premium. British =
IIntrs meetings are reduced 10 Pc
cent The governments takes s. pe
cent ana the refIneFs distribute s
per cent Of their output at fixe
ftiinsd Market Irrsrular
A quiet md rather irregular marke
has 6btaihed during the week I'D
trend generally Il toward lower price
md quotations COR the week sh0F
decline 81 5 .posfits. IS at as generf
prices are concetned. although m Il
stances sugars can be obtained q
further concession 81 10 points. III
general selling price IS .16c reElla
lefios blt, IS remarked Above, sugar
are obteinatIe - ihstnhces q I05'
domestic beets have declined {
6.o5c, n. r basis, territory west G
Buffalo ana Pitfshurg -
-Four important failroads Rennsy
|f1nik New York Central, Erie an
Wabash declared sn embargo q
'oo1stnffs east of Helfalo and Pitt.
burg ~ Be1nkfifania and New YOf
Central and Detroit. Nicnigln a.