The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1905-07-07
SUGAR At
HIGH MARK
WilIett & Gray % Not
Expect Further
Advance.

Willett & Gray's Sugar Trade Jour
nal for June % gives the grand total
of cane and beet sugar production for
19O4-5 as 1883, ISL tons, as compared
with 0,29O,S2S tons for 1904, a de-
crease of 926,977 tons. The figures in
clude home consumption in the coun-
tries where produced. The following
sugar news is from the same issue of
the Journal:
The Week.-Raws: Advanced .06c. Re-
fined: Declined 25 points. Net cash
quotations this date are: Molasses, 3.44c.;
Mu scovado, $500; Centrifugals, 4.31c.
GRADUATED. 5.35c. Receipts, 3S,397
tons. Meetings., $4,000 tons. Total stock
in Four Ports, 236,277 tons, against 1885,
$50 last week, and 224,774 tons last year.
Beet sugar quotations, fob. Hamburg,
lis. 10 lid. per cwt. for $50 analysis,
without bounty, equal to 4.51c. for 80
test Centrifugals at New York. First
Marks German GRADUATED f. o. b. Ham
burg las. Id, without bounty. equal
to Sic. New York, duty paid.
Estimated afioats to the United
States from Cuba and West Indies, 25,-
900 tons; Java, $4,000 tons; Hawaii, $4,000
tons; Peru, ETC., $4,000 tons. Total, $780,
600 tons, against 1000 tons last year.
Net Cash Prices Refined.-It is gener-
ally understood that the lowest price
named for refined here is basis of
GRADUATED, in barrels and bags, $3.50.
net cash, quoted by Federal.
Statistics by Special Cables.-Cuba-
The six principal ports: Receipts, 5000
tons; exports. $500 tons; stock, $780,
tons, against 1859, 40S tons last year; Seen
trails grinding, against last year.
The weeks summary of the statistical
position shows stocks in the United
States and Cuba together of 572,277
tons, against 575,S80 tons last week and
1884, 1S2 tons last year, an increase of
17S,095 over last year.
Europe-Stock in Europe, 1903, 600
against 2,194000 tons last year.
Hamburg reports no shipments of
sugar to the United States this week.
Visible Supply.-Total stock of Eu-
rope and America, 2.175,277 tons,
against 2,5SS1S2 tons last year at the
same uneven dates and 2,756,29S tons
at the even date of Jan. 1st, 1905. The
decrease of stock is 412,905 tons,
against a decrease of 415,50S tons last
week. and a decrease of 1,005,740 tons
January 1st, 1905. Total stocks and
afioats, together, show a visible supply
of 2,315,277 tons, against 2,75O1S2 tons
last year.
Raws.-The market at the present
level of the decline shows some firm
ness as it has previously at different
periods of the downward trend.
It is natural that the Cuban planter
should catch at straws to hang hopes
his sugars are deteriorating in test
value as fast as in market value, MAX
ing double loss, while any general
improvement in values which can come
at this stage of the campaign would
hardly offset this deterioration loss. AS
the time of this campaign grows less
and less, the difference in values Of
prompt beet sugars at lis. 10 I'D. and
the value of new crop beet sugars for
October December delivery 10c., say Is.
10 I'D. (.40c. per pound), becomes OF
significant interest as during the next
three months these prices must neces-
sarily come together and already the
European cables read: "Quiet; prices
barely maintained" as each new reduc-
ton in old crop prices brings the quota
tons nearer the new crop basis. We
have no disposition to make matters
worse than they exist the disappoint-
ments of the campaign have been great
enough already, but we can see no adj
vantage to be gained by questioning
the size of refiners' stocks, or claiming
that the MEETINGS are too large for the
season, while ignoring the fact that
much larger amounts of the refined
products have been held at distributing
points than was generally supposed.
It is better to look at these ques-
tons rs they exist and act accordingly,
taking advantage of the most that can
be secured while the beet markets are
changing from the old crop to the new
crop basis.
AS pointed out in our paper recently
the supplies of sugar for the remainder
of the campaign are all sufficient for
the requirements so that little COM
fort must be drawn from that consid-
Grafton.
AS said before, the market is tenn
porarily on firmer level with one sale
Centrifugals at slice, to the Federal
after considerable transactions
for the week at lac. per pound. At
the close sellers are pretending slice
for the moderate amounts Offering on
the market at the moment.