Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1902-02-17
SUGAR MOVING UPWARD
SAYS wn,LETT & GRAY
AND COFFEE GOES DOWN

Willett & Gray's circular gives the
following review of the sugar market
for the week ending January 30:
THE WEEK - Raws advanced
3.16c. Refined unchanged. Net cash
quotations are: Muscovados, 3.19c;
Centrifugals, 3.69c; graduated, 4.46 to
451c. Receipts, 1850 tons. Melt
ings, $4,000 tons. Total stocks in
Four Ports, 1O2,S17 tons, against 49,.
207 tons last week, and 9S,035 tons
last year. Beet sugar quotations, I.
o. m, Hamburg, 6s Cd per cwt. for SO
degree analysis. First marks German
granulated (. o. b., Hamburg, IS Sd,
equal 4.37c, New York, duty paid.
Estimated afloats to the United
States from Cuba and West Indies,
Is. 900 tons: Javas, 15,0Vv tons; Hawaii
10000 tons; Europe, 5000 tons; Peru,
Demerara, etc, $4,000 tons; total, go.
900 tons, against ITO, 900 tons last year.
Spot Foreign oranulated-The de-
mand is light and the supply very
small. Fine Austrian, 4.5Sc asked /.
For import Dutch Granulated, prompt
shipment, los Cd, C. and (. Fine Aus
trian GRADUATED for prompt shipment
9s Cd C. and I.
This weeks summary Of the statisti
cal position shows stocks In the Unit
ed States and Cuba together of 2O4,
SIT tons, against 192,207 tons last
week and 1856, 220 tons last year, an In
crease OF 6S,597 tons over last year.
STATISTICS BY SPECIAL CABLES
-cuba-The six principal ports. Re
| TROn fnng
stock, 1902 900 tons, against 1925 tons
last year; las centrals grinding
against 1873 last year.
i Europe-Stocks in Europe, 100000
tons, against 2.552,S61N tons last year
/ Total stocks of Europe and America
3.507,S17 tons. against 2,6S9,0S1 tons
last year at the same uneven dates
and 2.921.22 tons at the even date OF
January |. 1901. The excess of stock
is S1S,736 tons. against an excess OF
76S,645 tons last week, and an excess
of 556.6S2 tons January 2, 1902.
Hamburg-625 tons refined sugar
shipped to America. No engagements
RAWS-Under light receipts ant
necessities Of refiners, the raw sugar
market made an advance Of 3-16c
which advance is maintained to the
close on moderate sales Of sugars ar
irving. The situation seems to be
waiting one. to see II the necessities o.
Cuban planters to obtain funds ma!
not lead to offerings from that crol
at the present advance of 5.16c from
the lowest point, which was touched
on January 18TH say Csc per Id. 70
SO degree test Centrifugals and nov
quoted at 11-16c per lb. The Way
and Means Committee having decided
to side track the Cuban concessions
so that they can hardly come to tn
front again for two weeks or more,
is possible that some Cuban planter
may be compelled to offer part of thei
crops for sales, without waiting 70
tariff decisions. Our market today
1-32c per pound below the purity
Hamburg price of IS Cd for beet 81
gars. Receipts for the week were e.
tremely light, say 1850 tons, Will
melting requirements were $4,000 tor
and stocks reduced, 1890 tons. Du
ing the last two weeks the receipts {
Cuban sugars have been 14,140 tor
less than for the same period yes
ago, thus showing the necessity I
looking to other countries for supple
at this time.
REFINEp-Prices remain unchan
ed at last weeks advance with no sp
cial indications and with an extrem
ly light demand. In tact, the mark'
Is in a stagnant condition, waiting d
velopments.
cOFFEE-Large receipts at Rio {
well as at Santos continue the dom
mating feature and, combined with Il
weight of supplies in consuming ma
kets, there is little wonder that spec
lative sentiment has received anoth'
serious setback leading to some liqr
dalton of future" holdings. There
no doubt that confidence is severe
shaken, the very heavy crop NOV
ment still indicating a total of Il
OOO, 900 bags in Rio and Santos. whiC
means FIVE to six millions in exec
of the proven requirements Of COFFEE
from those ports during the season
q, :, :, - :, :, :, >, v " " Z, N 4. \. n N I.