The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1905-09-02
SUGAR At
FOUR CENTS
Probable Meeting Rate
Between Old and
New Crops.

willett & Gray's Sugar Trade Journal
for August IL contains the following
information and comment:
| Estimated af1oats to the United States
from Cuba and West Indies, 10000 tons:
Java, 215,O0O tons; Hawaii, $4,000 tons:
Peru, etc, $1,000 tons. Total. 2950O0
| tons, against 332, 900 tons last year
1t is generally understood that the
lowest price named for refined here is
basis of graduated. in barrels and
bags, 5.10c net cash quoted by federal.
| VISIBLE SUPPLY.
Total stock of Europe and America,
1873 519 tons. against 1,611,972 tons last
| year at the same uneven dates and
| 2, 756, 29S tons at the even date of Jana
airy 1, 1905. The decrease of stock is
23s, 453 tons, against decrease of 262,-
599 tons last week, and a decrease OF
1.0O5, 740 tons January 1, 1905. Total
stocks and af1oats, together, show a
1973,972 tons last year.
This weeks summary of the statis-
teal position shows stocks in the Unit
ed States and Cuba together of 454,5 SIG
tons, against ,911 tons last week and
205,972 tons last year, an increase of
24S,547 tons over last year.
Europe.-Stock in Europe, 919, 600 tons,
against 1.406,G00 tons last year.
Hamburg reports no shipments of
sugar to the United States this week. |
RAW SUGAR SITUATION.
As we anticipated, the market i'm
proved slightly early in the week. there |
being good enquiry and resulting in |
sales of two cargoes Java centrifu- |
gals, due to arrive within fortnight, |
at lis. 1-2d. c. i. f., equal TO 3-16c. |
for 96-degree test. This encouraged |
holders to advance their = ews to 2.S1c. |
c. and f. for 95-degree test Cubas,
equal to 421c. landed for 96-iegree
test. which, however, had the effect of
checking the demand.
It is learned that the large So re-
ported last week only covered part of
the business recently put through, the
total transactions including some 10000
tons Cubas for shipment aid 100000
tons Java afioat, at an average prie
of about 1-Sc. landed for J6-degree
test. 1t is also believed that 10000 tons
beet sugars were engaged in Europe,
probably for shipmerl1 to New Orleans.
at los. f. o. b. Harnnarg, which is the
pa Yitv of oantrifupaIs at 4 lac
The American Sugar Refining Co. are
to have securn the bulk of
these supplies wbjs2l z i'll be coming
along during the rs~ four or five
weeks, and they slos ave their posi-
ton we'll fortified.
Other refiners have not such ample
supplies, and their requirements for the
balance of the campaign should be
sufficient to absorb the moderate guam
tity of cane sugars likely to come on
the market for sale. in excess of what
may still be needed by the principal
buyers.
Our cable advices f1ogH Batavia re-
port shipments of 172 10 tons from
Java during July to Eu.xfse and Amer
lea all but about 10000 tuT-a of Which
are expected to come to me United
States, and all placed except possibly
three or four cargOeS. Inc offerings
of Javas are now very moderate, prices
asked being lis. Sd. C. i. f. for July
sailing and lis. C. /. f. for August sail
ing. Crop condit 'ons in Java improv-
ed, making il possible to ship during
July some 81 ars not expected to get
away until August.
European markets proved diSap-
pointing to holders by declining from
1Os 3-4d. to 9s. 1-2d. at the close,
the weakness, according to our special ,
cable advices, being due to the
very light demand for refined
over there, but it is thought |
that it may, also, be one of The results |
of the recent Paris failure New crop
sugars for October-December delivery /
declined only moderately to IS. Id. Beet |
for prompt delivery are now quoted |
on a parity of 4.01c. for centrifugals, be- |
ing Use. below the nominal spot quo |
tation of Use. and, as there is no re- |
covery in sight, over in Europe, the |
holders here feel obliged to reduce their |
views to some extent, not wishing to |
force buyers to seek further supplies of |
beet in Europe. Bids of Lice. landed |
for 96-degree test, or 11-16c. C. and |
f. for 95-degree test, equal 4.08c. |