Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1902-02-04
SUGAR MARKET REPORT
WILLETT & GRAY SAY
BED ROCK REACHED
No Prospect Of Price Going Below
3 3-8C--lnfuenCe of Cuban Dis
cuSSiOn in Congress Upon
the American Market.

Willett & Gray's Statistical Circular
gives the following review of the mar.
kets for the week ending January 16:
Sales at New iork-Jan. 10, 100 tons
Jamaica MusCOvados, in port, basis ,
degrees. &c, landeu; Jan. IA, SO hhds.
800 bags Porto Rico Muscovados, in
port, basis SO degrees. at Sc landed;
Jan. 10, Clio bags San Domingo Cen
trifugals, in port, basis sc degrees. at
3 Csc landed, 400 bags Cuba Centrif.
ugals, on spot, basis SO degrees, at
3 Csc landed, $50 bags San Domingo
molasscs, on spot, basis SO degrees. at
2 j-Sc landed; Jan. 1G, 1870 bags Peru
Wan Centrifugals, in port, basis SO de.
grees, at Csc landed.
The Weck-Raws declined 3-lGC. Re.
fined declined 10 points. Net cash
quotations are: Muscovados. 2.S75c;
centriiugals, 3.37jc; granulated, 437.
44lc. Receipts, 2o,279 tons. Meetings.,
10000 tons. Total stock in four ports,
1873 1870 tons, against I23,901 tons last
week, and SS,151 tons last year. Beet
sugar quotations, fob. Hamburg, Gs
6 3.id per cwt. for SIS degree analysis.
First marks German graduated fob.
Hamburg, SIS 8 Ia d, equal 4.3Oc, New
York, duty paid
Estimated afloats to the United
States from Cuba and West Indies,
10000 tons; Javas, $1,000 tons; Ha-
wall, 5000 tons; Europe, 5000 tons;
Peru, Demerara, etc, 10000 tons; to.
tai $4,000 tons, against 10000 tons
last year.
Spot Foreign Granulated-The de.
mand is light and the supply very
small Fine Austrian, 4.56C asked. For
import Dutch GRADUATED, prompt ship.
ment, los cd. c. and t. Fine Austrian
graduated for prompt shipment, 9s
Cd c. and, +.
This weeks summary of the stats.
teal position show stocks in the Unit,
ed States and cuba together OF l74.1S0
tons, against l6l,9O1 tons last week
and lO9,494 tons last year, an increase
of Gi,6S6 tons over last year.
Statistics by Special Cables-Cuba:
The six principal ports. Receipts, IT,.
900 tons; exports, 1900 tons; stock,
$1,000 tons, against 2l,343 tons last
year; 40 ccntrals grinding, against 9S
last year.
Europe-Stocks in Europe, 3,254, 00G
tons against 2,575,4S4 tons last year
Total stocks OF Europe and America,
| 3,i2S,lSO tons, against 2,6S4,97S tons
last year at the same uneven dates
and 1921 ,225 tons at the even date OF
January !, 1901. The excess of stock
Is 743,2O2 tons, against an excess oil
5SG,6S2 tons last week and an excess
OF 55G.6S2 tons January 2, 1909.
Hamburg-No sugar shipped tC
America. No engagements.
Raws-During the week under re
view centrilugals on the spot have
been sold at 3-Sc for 90 degree test
w" think this marks the limit Of the
decline and base this upon the lac
that as Europe holds the bulk of sur
plus supplies, and has at no time de
clined below 6s I'D, the parity Of
9-l6c for Centrifugals, ana is today
, Id above the lowest point, thus
giving a strong indication that the
worst has been seen. However, We
are not looking lor any particular i'm
provement at present, because the rise
in Europe may prove to be only TEN
porary and caused by o. feeling owe
there that additional duties will b,
placed upon sugars In England, whicl
might temporarily cause purchasing
power. The situation is too complicat
ed to make any settle predictions
but we think that the market require
close watching now from day to day
A bill was introduced into the Sen
ate, January 18th, by Senator Mason
to allow Cuban sugars to be placed II
United States bonued warehouses AM
pay such rates of 10y as may eXis
al the time they are withdrawn. Thu
will give Cuban planters facilities TO
carrying their sugars in this countr!
and paying the new rates of duty
which are quite i.--ely to be One-haI
the present rates.
Refned-Declined ten points OF
graduated and most grades, with fv,
points on Nos. 6 to II, which had tn,
tendency to increase the demand some
what, but at the close the demand II
again slack and the course of pricel
dependent upon an improvement O
nOn-imprOyementi in the general situa
ton. 1.-ere are no indications of am
immediate change. Arbuckle is still
allowing | per cent extra disCOun
which the American refuse to meet
but Howell Is doing so in certain cases
The list prices Of all rehners are tn,
same on hards and softs Som,
grades of softs might be shaued
prirag ara puarantpp6 IN arrival n,