The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1900-07-02
SUGAR MARKET
ON THE ADVANCE

According to Willett & Gray's circu-
lar for the week ending June IA, the
principal feature of the sugar market
in the price of refined The amount of
sugar on hand in the United States in
Guiding Cuba. showed falling off as
against the same week in the previous
year.
THE WEEK.-Raws unchanged. Re
fined advanced 1Oc. Net cash quotations
are: Nuscovados, 4hc; centrifugals,
i.625c; granulated, 5.5Uc. Receipts, 3D.
100 tons. Meetings., $1,000 tons Total
stock in four ports, 1921 tons, against
1873, SOL tons last week and 2Sl .09o tons
last year. Anoat to the United States
from all countries. estimated, 100000
tons, against 10000 tons last year.
Beet sugar quotations. cost and freight,
lis 2hd per cwt. for IS deg. analysis.
First marks. German granulated. f. o.
h. Hamburg, 12s Cd, equal Sic, New
York, duty paid.
Spot foreign granulated: Duty paid
stock practically exhausted. For ex-
port, 2.95c net cash, in bond. The ue-
mand is light and the supplies small.
For import, Dutch Granulated, prompt
shipment, 13s 10Ld c. and f., equal to
5.37c. duty paid. Fine Austrian granu-
{ lated Tor July Shipment, los Su, T. anu H.
equal 5.2Sc. duty paid.
This weeks summary of the statisti-
cal position shows stocks in the United
States and Cuba together of 2i9,711 tons,
against 260,081 tons last week and $780,
217 tons last year. decrease of 11O5O6
{ tons under last year.
RAWS.-The raw sugar market dur
/ ing the week has kept very steady and
/ firm all the time. with ready demand
at the current quotations for all sugars
/ placed on offer. The quantity for sale
/ has not been large and buyers would
readily have taken more. There II
shown no disposition. however, to pay
any further advance, and the indica-
tons at the close point to- continued
steadiness and firmness. Cane sugars
will now become less plenty, and more
/ beet sugars will be taken. Stocks in
/ the United States four ports and Cuba
are steadily decreasing, and are now
! 40 SOC tons less than at the same time
I last year.
ENTHUSIASTICALLY. healthy business
has been done throughout the week in
refined sugars. with renewed shadings
of a few grades of softs. All refiners
work in harmony and the trade is now
on more satisfactory basis. Prices re-
manned steady without indications of
any change until the close, when an ad-
vance Of 10c per 100 pounds was made
by all refinerS. Orders will be taken for
delivery up to July LIST. In view of the
strength of the raw sugar market and
the evident intention of refiners to
maintain a full margin between raw,
and refined, there seems to be safety in
the free buying of stocks of refined
right along for the fruit season. The
American and Arbuckle are oversold
about two weeks on graduated, but
Howell can deliver more promptly. 1t
would be advisable to anticipate wants
Receipts for the week were $3.50 tons.
and stocks in the United States and
Cuba together are now 249.711 tons
against 36O,2i7 tons at the same time
last year.
/ SUGAR IN WALL STREET.-THE
stock has followed very closely the
/ trend of the general market. showing
weakness and decline to s113 when that
was weak and declining. and advancing
to Sly when that was advancing. The
same course may be expected for the
present, as no violent manipulation of
sugar stocks appears in sight just now
The Immediate course Is upward.