The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1905-10-06

Willett & Grays Statistical Sugar
Trade Journal of September 81 con-
tains the following remarks and statis-
tics:
Raws. = The week under review
shows even more uncertainty and un-
settlement than We reported last week.
Refiners 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 n 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 1-Sc. per pound, with sales of
1900 bags at 3 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
refiners who decline to say anything
whatever. This duty paid sale il
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
4, Lob, 30. oh,
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 Ss. lid, but closing at So.
II I'D. without significance. the trend
there, as here, evidently being towards
lower quotations
Mr.. f. o. LIGHTS preliminary esti-
mate of the beet crop OF Europe as ca
bled to us this week are for Germany
2,175,O0O tons, and 6,520,OO0 tons for all
Europe, an increase OF 1883, 900 tons
above outturn last year of 4,6S1, 900
tons, Favorable weather continues
for 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
at Nc ~,
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 1888 4ss tons for 19O4-5, against
S,6S7,172 tons for the preceding cam
paign.
The Week.-Raws: Declined .25c
Refined Declined % points. Net cash
quotations this date are: Molasses
275c.. muscovado, 3.O0c.; centrifugals,
3,625c. GRADUATED, 465c. Receipts
35,906 tons. Meetings., $4,000 tons To-
tai stock in four ports. ISL 1888 tons.
against .4S2 tons last week, and 49,
1852 tons last year. Beet sugar quota
lions, I. O. b. Hamburg. IS. 3-4d. per
cwt. for SS-degree analysis, without
bounty. equal to 3.7sc. for SO test CEN
trifugals at New York. First Marks
German Granulated %. b. Hamburg
lis. 3D., without bounty equal to 4.64c.
New York, duty paid.
Estima ted afioats to the United
States from Cuba and West Indies,
$4,000 tons; Java. 275,OOO tons; Hawaii,
90. 900 tons; Europe. 1000 tons; Peru.
etc, 5000 tons Total. $4,000 tons,
against $4,000 tons last year.
Net Cash Prices Reflned.-It is gem
orally understood that the lowest price
named for refined here is basis OF
graduated. in barrels and bags, 4e5c.
net cash. quoted by federal.
Visible supply.-Total stock OF Eu-
rope and America. 1.046.3SS tons,
against 1.234,319 tons last year at the
same uneven dates. and 2.756,29S tons
at the even date OF January /, 1905.
The decrease Of stock is 1881 tons,
against decrease OF 1s4.s72 tons last