The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1899-11-03
IN SUGAR WORLD
Close Figures on Stocks
and Demands.
Europe and the United States Am
ton-LouIsiana Crop.

statistics for third week OF octuberl
Cuba-The six principal ports Cuba
Receipts. none; exports. none: stock.
$1,000 tons, against 4O.5OS tons last
year. Grinding ceased June -.
Europe-Stocks in Europe. 5Sl. 800
tons. against $4,000 tons last week.
and 61S,56i tons last year. Total
stocks of Europe and America. 7J5. i57
tons. against SO9.3Si tons last week.
and S94.722 tons last year at the same
uneven dates, and 80. 05s tons. at even
date of October l last year. The def
cheney of stock is now l39. .65 tons.
against deficiency Of Isl 500 tons last
week. and deficiency OF 1923 tons
December 90. 1895.
Hamburg-50O tons shipment OF raw
beet sugar to America from Hamburg
and Bremen this week; 1000 tons en-
gagements. No refined shipped.
Raws-What little business has been
done during the week has been or the
former basis of I 5-1Gc per pound for
96-degree test centrifugals. The only
buyers have been the independents
and the only sellers nave been holders
OF few small parcels arriving or
nearby unsold previously. \ large
cargo of 5000 tons Javas is due within
ten days, but for this size cargo the
only buyer is the American Sugar Re
timing Company, and they are not dis
posed TO pay as much as the current
quotations, possibly because OF the
continued weakness OF the European
sugar markets and the lower parity OF
the quotations for beet sugars. Re
ceipts fell of largely. being only 1903
tons for the week. against 39.567 tons
the previous week. MEETINGS. also. were
reduced to 10000 tons. from 5000 tons
previously by the closing down of sew
eral refineries. Under these conditions
stock fell off 1921 tons. and are now
only 5000 tons above a minimum fig
ure of 10000 tons for total stocks un-
der normal conditions. Some of the
larger refineries will. however. remain
closed awhile longer, thus reducing re-
quirements for melting. There Is a
very serious absence of supplies of
Muscovados and low grades of raws
which is interfering very much with
an adequate supply OF soft refined SUI
SarS and such are now almost unoh-
| tainable from any refiner. For some
reason refiners appear loath to- bring
such raws from Europe, where they
might be had to- advantage and appar-
emily prefer to- lose the going trade In
/ these grades. The Louisiana crop will
/ soon, however. provide somewhat for
| the missing grades of raws and re-
| fined. The immediate future depends
much upon the first estimates at the
= fs.r,
/ pected soon.
Refined-The curtailed MEETINGS Ly
refiners have reduced the output To 4
/ point below the demand for many
/ grades OF softS. Ii seems early in the
| season for large TgiucricS to shut
down and be kept closed. but refineTs
have large stocks of gTanulated to- meet
! demand. The Molleuhauer refinery
| however. which has been closed for
/ some time past. ventures into the com
petition again this week and has start
ed working with few purchases ol
raw sugars a current prices while
waiting for some further supplies
| bought some time since for arrival
| There Is no profit. however. in the
business. whether running or standing
idle, and it is about as broad as IL Is
long whichever way one turns just now
in the whole sugar situation from start
TO finish-importer. refiner or iobber
| The demand for hard sugars Is quiet
| but larger for low softs, for which
there is an exhausted supply ana no
indications of relief until the Louisiana
| sugars come to market next month.
! The new beet sugar factories arc he
! ginning to turn out their product in
graduated. and some samples OF very
fine production have reached us. With
the reduced production of refined.
! prices are likely to remain steady and
unchanged for the present.