The Hawaiian gazette., 1917-04-06
Strikes, GREAT
ADDLESS GREAT
All the Worlds Troubles Come
To Worry Sugar Men Gu
ban Crop Hit Hard

"Life in these strenuous times seems
20 be nothing but series Of strikes, 4
says a review Of the sugar market by
the New York correspondent of local
sugar house, under date Of March 10.
"Big strikes are dignifed with the
name of revolution while the smaller
ones are just strikes, and no sooner
does one strike reach conclusion when
another looms mp on the horizon.
"The strikes at the Eastern rein.
cries appear to be on their last legs
for refners are reported 70 be increas-
ing their output daily and II Is con-
fdently stated that within the next
few days normal conditions will rule.
Last Friday Howell picked up 10000
bugs Cubas in port Gin distress for
Ais q c. &F. This was case where
a seller found himself between the
devil and the deep sea. Demurrage was
piling up and storage room was not
10 be found for reasons we have al
ready stated. &, M,
1.-THE next sale on the same day was
at Ia Q for practically prompt ship
meht while operators paid 4 5-16c for
sugar In the same position, so that
freak sales must not be considered as
indications Of actual conditions.
seesaw Market
ttSince then the market has sen
sawed between Ia and 4 l-2c G. q n,
for Cubas In various positions and 5.14c
TO 5.39c c. !. I. for Porto Ricos. For
the past two or three days all sugars
from Porto Rico which were offered
have been taken by refners between
5.27c and 5.39c. The American has
taken the great portion Of these sugars.
Conditions are unquestionably bear.
ish but the market does not reflect this
situation, for 1t continues firm April
shipment Cubas are offered at 4 3-se
g. 4 +. but very sparingly. Total sales
to the British Commission up to date
are believed to be about 100000 tons,
the FIRST half st about 3.60c and the
balance about 3.95c TO &c (. o. b. Cuba.
Cuban Estimates Reduced
Estimates Of this year Cuba crop
have been radically reduced Poor
juices, all sorts of unforeseen hind
v RANGES, cane fires on o large scale e.
pecially in the oriente. province and b
general bedevilment, owing TO revolu-
tionists interfering with railroad traffic
and forcing mills to stop grinding, have
eaused some well informed persons to
look for full million tons shortgae
from the earlier expectations. The
same sort of story comes from Porto
Rico where the juices are very poor
and don't improve as they should with
the result that, even though the strikes
may he over, the output of sugar will
be well under 400, 900 tons.
/" Figures from Cuba are again
available only as they affect the six
ports up to tenth instant.
s-.='l Himely Guma
. +'.,. Gl Tons Tons
Receipts . ..,....,.. 10000 l07,S32
Exports .......... II 900 1899
Stocks ........... $4,000 $4,000
Exports north of Hat ..su r.s .
teras :. ..,....... 42,5oO 44,6i5
Exports to New Or. &3,",ir
leans ..... ...,. lbOOO 1887
Exports TO Europe. ~ 500 12.407
"Ihe number of Centrals operating
is not known but il Is believed that
only those In the Oriente province and
part of Camaguey have met with any
thing like serious interruption to their
working. ia. ...,...ai.s +. ,. n. ~. ~
Refined Sugrr 49,. .s
"Tbe demand for graduated sugar
has quieted down and the range OF
quotations by refners is from .7e to-
lee basis, The American is going
to continue bringing sugars from New
Orleans 80 long as may be deemed
desirable. Canadian refined sugar was
being brought into New England for
some days, but the Canadian govern,
mcnt 3 refusal to give any drawback to
their own refners soon put a stop to
that business.
"Sales today. March 16), 5000 bags
Cubas, April shipment 3-Sc G. & F.
to an operator; $4,000 bags Cubas,
aaoat and prompt shipment, 4 lac G.
&, f., to-, Arbuckle. - Loo.