The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1905-07-07
SUGAR AT
HIGH MARK

Wfilett & Gray's Sugar Trade Jour-
nal for June % gives the grand total
of cane and beet sugar production for
1so4-5 as 9.seS,s5i tons, as compared
with 10,2sO,S2s tons for 1904. de-
crease of s2s,977 tons. The figures in
cmde> home consumption in. the coun-
tries where produced. The following
sugar news is from the same issue OF
the journal:
The week-Raws: Advanced .o6c. he-
fined: Declined 25 points. Net cash
quotations this date are; Molasses, 3.44c.;
Muscovado. $780,. Centrifugals, 4.S1c.
Granuiated. $3.50. Receipts. Ss,Ss1
tons. MEETINGS. $4,000 tons. Total stock
in -Four Ports, 2S6,277 tons. against zsS'-
$40 last week, and 224,774 tons last year.
Beet sugar quotations. fob. Hamburg
lis. 10 1-2d. per cwt. for So analysis
without bounty, equal to 4.51c. for 10
test Centrifugals at New York. First
Marks German GRADUATED f. o. b. Ham
bnrg las. 21-4d., without bounty. equal
to 5.17c. New York, duty paid.
Estimated afoats to the United
States from Cuba and West Indies, 25,-
600 tons; Java, $4,000 tons; Hawaii, 5000
tons; Peru, etc., $4,000 tons. Total. $780,
600 tons, against 152, 900 tons last year.
Net Cash Prices Refined.-It is gener-
ally understood that the lowest price
named for refined here is basis OF
Granulated, in barrels and bags, 5.S5c.
net cash. quoted by Federal.
Statistics by Special Cables.-Cuba-
The six principal ports: Receipts, 5000
tons; exports. $500 tons; stock, $4,000
tons, against 1863, 4OS tons last year; 6ten-
trails grinding, against 6 last year.
The weeks summary of the statistical
position shows stocks in the United
States and Cuba together of 5T2,2H
tons, against 575,Ss0 tons last week and
3941S2 tons last year, an increase OF
17S,095 over last year.
Europe-Stock in Europe, 1,603,000
against 2,194, 900 tons last year.
Hamburg reports no shipments of
sugar to the United States this week.
Visible Supply.-Total stock of Eu-
rope and America, 2,175,2T tons.
against 2,5SS,1S2 tons last year at the
same uneven dates and 2,75629S tons
at the even date of Jan. list; 1905. The
decrease of stock is 412,905 tons.
against a decrease of 415,50S tons last
week and a decrease of 1.005,740 tons
January LIST, 1905. Total stocks and
afioats, together, show a visible supply
Z of 2,315,277 tons, against 2,750,1S2 tons
last year.
Raws.-The market at the present
level of the decline shows some firm
ness as it has previously at different
periods of the downward trend.
Tt is natural that the Cuban planter
should catch at straws to hang hopes
of Improvement upon, but in meantime
his sugars are deteriorating in test
value as fast as in market value, maxi
ing a double loss. while any general
improvement in values which can come
at this stage of the campaign would
hardly offset this deterioration loss. AS
the time of this campaign grows less
and less, the difference in values OF
prompt beet sugars at lis. 10 1-2d. and
the value of new crop beet sugars for
October December delivery 10c., say Is
10 I'D (40c. per pound, becomes OF
significant interest as during the mex,
three months these prices must neces-
sarily come together and already the
European cables read: "Quiet; prices
barely maintained" as each new reduc-
ton in old crop prices brings the quota
lions nearer the new crop basis. We
have no disposition to make matters
worse than they exist, the disappoint-
ments of the campaign have been great
enough already but we can see no ad.
vantage to be gained by questioning
the size of refiners stocks, or claiming
that the MEETINGS are too large for the
. season, while ignoring the fact thai
much larger amounts of the refined
products have been held at distributing
points than was generally supposed.
1t is better to look at these ques-
tions as they exist and act accordingly
taking advantage of the most that car
be secured while the beet markets ar,
changing from the old crop to the new
crop basis.
AS pointed out In our paper recently
the supplies of sugar for the remainder
of the campaign are all sufficient FOL
the requirements so that little com
fort must be drawn from that consid
Grafton.
AS said before, the market is tenn
porarily on a frmer level with one sal,
Centrifugals at Slice, to the Fedora
refinery, after considerable transaction
for the week at lac. per pound. A
the close sellers are pretending A Slice
for the moderate amounts offering OF
the market at the moment.
1t remains to be seen at what leve
the next stand will be made after tn,
present firmness, ends. The trend 4
downward naturally along with tn
new beet crop progress.
Mr.. LIGHT cables us that the weathe
Is favorable for field work and yer.
favorable for the new crop. A con
firmation TO a certain extent OF the com
ing lower range of values for beet su
gars
Refned.-After considerable perio,
OF well sustained prices for refined su
gar, in face of the elimination of tn
bull camnaipn I'm fa w su0ara a M nan