The Hawaiian gazette., 1905-09-05
SUGAR At
-FOUR CENTS

Estfmateu huOatS 10 the OIliteu cthtcS
from Cuba and West indies, 10000 tons;
Java. 215.000 tons; Hawaii. $4,000 tons;
Peru, etc. 5000 tons. Total 295,Ooo
tons. against 332. 900 tons last year.
II is generally understood that the
lowest price named for refined here is
basis Of granulsted. in barrels and
bags, Bloc net cash quoted by federal.
VISIBLE SUPPLY.
Total stock of Europe and America,
1,s73,519 tons. against 1.611,972 tons last
year at the same uneven dates and
2,756 ,29s tons at the even date of Janu-
ary /, 1905. The decrease of stock Is
23e 45S tons. against a decrease of 262,-
b99 tons last week, and decrease OF
1O05,740 tons January !, 1905. Total
stocks and afloats. together, show
visible supply of 1893, $40 tons. against
1973972 tons last year.
This weeks summary of the statis-
teal position shows stocks in the Unit
ed States and Cuba together of 454,5l9
tons, against 911 tons last week and
POS ,972 tons last year, an increase of
24S,547 tons over last year.
Europe-Stock in Europe, 900 tons,
against 1,40s, 900 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 a good enquiry and resulting in
sales of two cargoes Java centrifu-
gals, due TO arrive within a fortnight,
at lis. 1-2d. C. |. f., equal to 3-16c.
for 96-degree test. This encouraged
hot, vic ts,D 10
c. and f. for 95-degree test Cubas,
: equal to 4.21c. landed for 96-degree
test, which, however. had the effect of
checking the demand.
1t is learned that the large sales re-
ported last week only covered part of
the business recently put through, the
total transactions including some 10000
tons Cubas for shipment and 100000
tons Java a1oat, at an average pric
of about 1-Sc. landed for 96-degree
test. 1t is also believed that 10000 tons
beet sugars We're engaged in Europe,
probably for shipment to New Orleans,
at los. (. o. b. Hamburg, which is the
parity of centrifugals at 1-Sc.'
The American Sugar Refining Co. are
reported to have secured the bulk of
these supplies which win be coming
along during the next four or five
weeks, and they now have their posi-
ton well 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 from Batavia re-
port shipments of $4,000 tons from
Java during July to Europe and Amer
lea. all but about 10000 tons of which
are expected to come to the United
States. and all placed except possibly
three or four cargoes. The offerings
of Javas are now very moderate, prices
asked being lis. Sd. C. |. t. for July
sailing and lis. C. |. f. for August sail
ing. Crop conditions in Java improv-
ed, making it possible to ship during
July some sugars not expected to get
away until August.
European markets proved disap-
pointing to holders by declining from
los. 3-4d. to 9s. Led. 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 9s. Id. Beet
for prompt delivery are now quoted
on parity of 4,01c. for centrifugals, be-
ing 1-Sc below the nominal spot quo
tation of 1-Sc. and, as there is no ret
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 1-16c. landed
for 96-degree test, or 2 11-16c. C. and
f., for 95-degree test. equal 4.OSc.
landed for 96-degree test, are being
solicited and the indications are that
some business will be effected on these
terms.
AS we approach the opening of the
new campaign, with sufficient sugar In
sight for requirements meanwhile, the
tendency of prices for old and new crop
is to meet around 9s. Cd. for beet and
4c. for centrifugals unless troubles in
Europe bring about even lower prices
Z. temporarily.
REFINED MARKET.
The market for refined sugars during
the week under review has been quiet,
with but few new orders which We're
placed at unchanged quotations, the
federal still being the lowest at 515c.
less l per cent for graduated and
others at 5.20c. less l per cent. cash.
Arbuckle continues to allow special
rebate of indefinite amount payable in
September. Refiners have had their
hands fun making shipment of the
liberal quantities of sugar called for
against contracts in force and melting
heavily in order TO meet these wants.
We note, now, slight falling off in
the demand and corresponding i'm
provement in refiners' deliveries. Ar
buckle is three weeks behind, Howell
and Federal one to two weeks, but the
American can ship in two to three
days.
We are publishing further reports
on fruit crops and local sugar stocks, !