The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1905-10-05
SUGAR AND COFFEE.
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Willett & Gray's Statistical Sugar
Trade Journal of September q con-
tains the following remarks and stats
tics:
Raws. - The week under review
shows even more uncertainty and un-
settlement than We reported last week
Refners maintain the same waiting po-
sition as there indicated, While holders
having no market to sell on, become
more uneasy and DESTROYS of realizing,
as is always the case under such
conditions. Unsold sugars arriving in
port and ordered by the owners to be
sold regardless of price, cause a very
unquiet state of things and resulting,
of course, in serious decline Thus, this
week, we have to advise that, under
forced sales, sugars in port have de-
clined Use. per pound. with sales of
1900 bags at 5-Sc.. basis 96-degree test.
bought by the Federal refinery, the on
ly parties inclined to make any offers
at all and, at the close, they declined
to go on at the same price for more
sugars offered to them, thus leaving
the market in the hands of the other
ref1ners who decline to say anything
whatever. This duty paid sale is
equivalent to about 2.25c. c. and f. for
96-degree test Cubas, showing what
may be expected when sugars for
shipment are again pressed for sale
The downward tendency is by no
means checked and there appears to
be nothing in sight at the moment
with which to check or encourage SELL
ers TO expect any Improvement. The
liquidation of the failed sugars in Eu-
rope goes on preventing any improve
ment there, the prices of beet sugars
for the week touching another low
point at IS. lid, but closing at IS.
Z I'D. without significance, the trend
there, as here, evidently being towards
lower quotations.
Mr.. F. 0. LIGHTS preliminary esti-
mate of the beet crop of Europe as ca
bled to us this week are for Germany.
2,175,000 tons, and $3.50, 900 tons for all
Europe, an increase of 1889, 900 tons
above outturn last year of 1851, 900
tons. Favorable weather continues
Tor the making of the crop. Harvest
ing of the Cuba crop is now complet-
ed and the total visible amounts to
|, 10000 tons, against 1,040,22S tons at
last seasons crop. A few additions
may yet be made to the present crop
figures. The next crops should show
an increase over the present.
No business is reported in Java
sugars, buyers Indifference having ex-
tended to these sugars and an unsold
cargo arrived at Breakwater was
vainly offered at los. Holders not be-
ing able to get their figures have or
dered the cargo in store
The consumption of Europe for the
period of September July, Inclusive,
shows a decrease of 39S, 6S4 tons COM
pared with previous year, the figures
being 3,2SS.4SS tons for 1904-5, against
s,6S7,172 tons for the preceding cam
paign.
The Week.-Raws: Declined csc.
Refined: Declined % points. Net cash
quotations this date are: Molasses.
2 75c- muscovado. 3.00c.; centrifugals.
s.625c. GRADUATED, 1850 Receipts,
35,906 tons. Meetings., $4,000 tons. To-
tai stock in four ports. 49, tons,
against 1913, 4S2 tons last week, and 49,
1862 tons last year Beet sugar quota
tons, f. o. b. Hamburg S. 3-4d. per
cwt. for SS-degree analysis. without
bounty. equal TO 3.7Sc. for 96 test CEN
trifugals at New York. First Marks
German GRADUATED f o. b. Hamburg