Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1902-03-08
W|uHT X dRAYS
REVIEW Of Markets


Willett G. Gray's circular for Febru.
AIRY 13 reviews the sugar and coffee
market, as follows:
THE WEEK-Raws declined Lice.
Refined unchanged. Net cash quota
tions are: Muscovados, 3.125c; cen.
trifugals. 4.625c: granulated. 4.,6 40
i.jlc Receipts, 31177 tons. Meetings.,
27,OOO tons. Total stock in Four
Ports. 1922 tons. against S1.O55 tons
last week, and 1885, 43 tons last year
Beet sugar quotations, fob. Hamburg,
Is Cd per cwt. for SO degree analysis.
First marks German graduated, fob.
Hamburg 9s, equal 4.42c, New York
duty paid.
Estimated afloats to the United
States from Cuba and West Indies, 90.
900 tons; Javas. 10000 tons; Hawaii,
100. tons; Europe 5000 tons; Peru
Demerara, etc. $4,000 tons; total, So.
| 900 tons, against 10000 tons last
year.
Spot Foreign Granulated-The de.
mand is light and the supply very
small. Fine Austrian. 4.5Sc asked.
or import. Dutch graduated, prompt
shipment. los I'D. c. and f.. and
for May-August shipment, los I'D
C. and (. Fine Austrian graduated for
prompt shipment. 9s cd. c. and T.. and
for April. May shipments, 9s Sd, C. and
| {. This weeks summary of the stats.
teal position shows stocks in the
United States and Cuba together OF
25S,232 tons. against 22O.555 tons last
week and 2OO.76O tons last year. an in.
crease of SAP tons over last year.
STATISTICS BY SPECIAL CA.
BLEs-cuba: The six principal ports.
Receipts. 36.500 tons: exports. $500
TONS stock. 10000 tons. against 1851
tons last year: $50 centrals grinding.
against 143 last year.
Europe-Stocks in Europe. 3.244.000
tons. against 2,562,393 tons last year.
Total stocks OF Europe and America,
3,502,232 tons. against 2,562,393 tons
last year at the same uneven dates.
and 3,63S.7S7 tons at the even date OF
January /. 1902. The excess of stock
is 739.079 tons. against an excess of
79l, 739 tons last week. and an excess
of 556.6s2 tons January |. 1902.
Hamburg-Six hundred and twenty
nNt lOllS HukdI NulDDtu. W
America. No engagements.
RAWS-Larger receipts during the
week and smaller demand for refined
sugar. caused lice decline in quota.
lions, to 5.Sc for 96 degree test cen.
trifugals. This Is lace per pound be.
low the parity of beet sugars today,
but the European markets, at the
| present time. are more under the in.
fuence of possible increase of duties
In England, than a demand for the
United States. Stocks in the United
Kingdom, for the same reason. are
about double the amount OF year ego.
thus the prices for prompt and nearby
sugars in beet growing countries are
maintained and even advanced, while.
at the same time, contracts made for
distant delivery are Sd per cwt. lower
than the current quotations. giving in.
dication of what the European market
would actually be were II not for the
abnormal demand existing from the
United Kingdom, on account of pos.
sible increase of duties. The reassem,
bling of the Brussels conference has
been postponed until the 18th inst.
when II will renew the discussion re
garding the abolition OF bounties. 1t is
impossible at this time to foresee what
the final outcome will be.
REFlNED-Owing to the unusually
small demand for refined at this time
the MEETINGS for the week are consid
erably reduced and. with larger re
ceipts Of raws. the total stocks have
increased 4177 tons. There has been
no change in quotations for refined su
gar. but. as the Arbuckle refinery has
now caught up with deliveries and are
again looking for customers. It is quite
possible that they may lead in a de
cline of refined should the Weakness Of
the raw sugar market continue. The
strength of the raw market is only
sustained now by the conditions in the
United Kingdom and the fact that
Cuba remains out of the market with
her crop. the receipts in the United
States this year from this crop beinl
only 1870 tons. against 53,25S tons
at same time last year.
The abundant testimony taken be
fore the Ways and Means Committee
has only Just appeared in print fol
the use of the members of the commit
tee and II was not to be expected tina
the committee would take any decided
action on the Cuba question until the!
have time to read and digest the EVIL
dence. which fills go printed pases
There is no question but that Cuba
claims will receive satisfactory atten
tion at the earliest moment PRACTICABLE,
and to the full extent that is required
to place the sugar industry on a firm
and permanent basis.
coFFEE-Many inquiries are belnI
made as to whether values are nov
low enough. with similar questions II
that direction. The only answer vi
J can find is that the market canno
, change until conditions change an,
, conditions, instead OF improving ar
actually worse from day to day. Their
is no further reason for doubt that tn
present Rio and Santos crop is in eS
cess of all previous ideas, and figure
, are now being named Of 10000 90
bags and upwards for the season
From such high level OF supplies tn
trade commences to think that an
damages to new crop cannot be yer
serious. From a level of 100000
bags, damage of 40 per cent would
serious, while damage from 100000
to 100000 bags level still leaves
full average crop. Speculative int
ests remain on the bull side as a ma
ter Of necessity. because the holding
are 80 very large. The great majorit