The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1905-01-31
WORLDS SUGAR PROSPECTS
BY LATEST MAIL ADVICES

The following extracts are Wie Cray circular dated
New York, January
STATISTICS BY SPECIAL CABLES-Cuba-The six prin-
cpa ports Receipts 32ooo; exports 1890 stock 4oo
TONS against last cenas grinding against o1
last year.
This weeks summary the statistical position stocks
the United States and Cuba together of I2o6I against
1860 tons last week and 1So tons last year. decrease OF
81, $50 tons from last year.
EuropeStock Europe, 100000 against 100000
last year.
Hamburg shipments of refined sugar to the
United States this week.
VISIBLE sUPPLY-Total stock of Europe and America 1885,
against year the dates and
22o the date of Jan 1st The decrease OF stock
688 $50 against decrease of 7o58 last week. and
increase Of 2S5 January Total stocks and ahoats
together show visible supply of 274o3o tons against 399
tons last year.
RAWS-During the week under review, further very
portan price sugar made closing
and f., say rs per h. duty paid the market
closes this week after heavy business for January
April shipment at Ia c. C. degrees Centriugas
with prices full up parcels delivery Although
equivalent of this quotation IS h. duty paid has not
vet been maid for snot or nearby the last bids such
ing Sc placed nominal quotations for spot
basis degrees test The OF this sudden advance in
the sugars here again the result of the speculative
ences work the exchanges of Europe The advances
made there during the week have been much larger and rapid
than here but buyers forced follow the lead certain
possibly the for shipment from Cuba Europe
might be increased divert from home markets.
which, OF could be allowed by efners under the
supply and demand How much further Eu-
force prices upward from the speculative standpoint
the uncertain factor in the situation What has been done
be done again and in past have
raised several shngs above prices However,
looking for such contingency although possible it
may happen
1t would seem advisable that conservative view of the position
should be taken after large advance in Europe which
thus side by 2oc per h.. the difference
parity between beet aud Centrifugal sugars
Mr. F. o. LIGHT cables that there change in the crop
influence prices the other but the market has
strengthened by the OF moderate increase German
consumption for December instead of expected decrease
Beet futures quoted 3D. for May los sd for August
ard led for October December ava for June July ship
offered las. and +.
We reduced estimates of the Philippine Islands crop
of the Barbados crop from $4,000
to 10000 tons.
At the close lot of Cuba Cenrugas in the harbo
basis degrees establishing this figure the
spot quotation.
FUTURE SUPPLIES.-NIr Otto LIGHT estimates increase
IS in the beet sowings of Germany this year, which
would equal the sowgs of campaign and based the
average yield the last years. should produce that
country larger than the of this
The production in oz5o7S tons sugar for all Eu
rope the sowr2s and yield being the largest record With
ngs this large those Cf but based
yield the Ct Flu should outtu 65oooo
lor 100000 more than the present beet crop.
HAWAIIAN CONTRACT RENEWED-Thec contract in
covering deliveries The American Sugar Refining Co. the
Atlantic ports of from nearly all the Hawaiian plantations,
has been renewed for three from October
with only minor changes The OF renewal of the
for deliveries Francisco have been arranged the
the of the