The Hawaiian gazette., 1917-12-21
PRICE FIXING MAY STABILIZE ALL
|FlGUBES FOR HAWAIIAN SUGAR CROP
Belief Prevails That Arrangements Win Be Made So That Cuban
Supply win At No Time Flood Market and Tend To Cause
Declines As Has Occurred In the Past

~ ~ ~ si'
More STABILITY OF price for Hawaiial
sugar, probability OF - maintained
price and an absence OF fluctuation
arising from Cuban arrivals In exees
q demand as has often happened y
IN the suliar market and among pro
dueers are Indicated n two letter
which a leeal agency has received from
III New Work 4epyesentatiye.
:. Under the nrice fixing Arrangement
the indicated figures FOR Hawaiian 81
oar ave az ln,f The question Of Cuba,
freiphts remnihed, 10 Be disposed VI h,
The shinning hoard ~ the mice d,
tixed Al AL 4 ton h win maintain III,
800 fig,fe but if bioher rate h
named Hawaiian sugar viii be core
spondincly higher. So. II there shat
ne anv Variation In Cuban freight ratio
later the priee for Hawaiian sugar vii
vary propoftionhtely. N.
The letter Of December 1 refers /,
the ono written ON November "a IN,
both are herewith publisbed, The lat
est latter was a foJJowsyG e.
An,o,,n cs,,snt ~ u,.sion
49, :; 81, 49,. u 800 haiiofs an,
80 - a asS,,s :. ~ o,r ret,ort =
Na s ~ "a ,,,ssmo tbs foi,owing an
.NusuYs s ;.S., AZ A." az Intsrna
tional Sugar Committee late yesterda,
afternoon:
ysA+ = aa,iag ~ ,ba cuban eom.
tn,;ss;an ansoinssd Nv President
KTanacai ~ rnhs and beaded Nv
seno~s 0arios Manuel DO Cesnedes. :
with tbs ipternat;onal near cons
m;ttee held tbis afterpoon, NJ tbe
otsaa. - ~ .co,am;ttsa ~ iii wall
Street an agraeSbant In regard ~
az nn,ehass ana sale has;s nr;ee.
~ drbsn s,,gays for the coming
.sro, was arri1ed Al The f;gnre he. !.
x irc a al ee,ts eost and fre;obt New
Val hased an 4 an capts ifre;ght
rata which refiecs an eouivalent Of
abont 4 IN ea.ts ,nh Cnha The
NJ aetnal ny;sa 20 AZ sroor AZ Npw
Z, Val csn anly he detaTm;ned after
tbe ITn;ta5 States sb;nning hoard
has f;xed tbe rate ~ fre;yht which,
mint n ~ honea win be scttled
w;tb;, 4 varv Cow days ~ n ..
s.Tbo ennTnittea sdicnrnod 10
I. svort ort ;mnortsnt detrila In con. -,
nectior witb fbis ;mmrnse trims. I
sst;an,, !, y u KS y ~ - - -
!. q on J. 81, .tR r.'e. Il. 81 "
Sates ana rHlecss a u ,.5,,sl
1.-THE freight rate named in this an
aouneement may not work out in prac
Use as it may have to be increased Il
which case the cost and freight pric
IN which the basis for Hawaiian 81
yaTs is fixed may be corresponding.
higher. We think it probable that tn
aim Of the commissioners will be 4
maintain a stable price all through tn
years and that they will discourage i'm
1ortsht fluctuations either way. If, b.
my chance, sugar arrived here in dis
'ress from Cuba the resultant price viii
lot affect the Hawaiian basis.
THE tonnage question; as the fore
yoing announcement indicates, is likel
70 give more trouble than anything
else, II is hoped that shipments froE
Cuba win be so controlled that an equa
proportion of the whole crop will b
shipped each month for about eleve
months of the crop year and ever,
means will be availed of to give tn
promptest despatch possible.
Grinding Is Underway @ q,
{'.There are now five centrals operat
Ing In Cuba and the new sugar is be
ginning to appear at the ports. Is z
.In Porto Rico Gumaiea centra
started up last week and has alread,
sold abopt 3500atons of its product 70
prompt shipment, the price to be base
- A.. n A Nv