Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1905-10-30
DEMAND FOR R'RNED
WILL ESTABLISH PRICES ON
RAW TILL new CROP
JAvAs AND CUBAN SUGARS COM
ING INTO MARKET - LIGHTS
REPORT ON EUROPEAN
BEET CROPS.

Willett & Gray's sugar journal for
Oct. ~ speaks as follows of the sugar |
market
RAWS.-The market during the
week under review has been dull and,
for the greater part of the time, no
business has been possible. Spot quo.
tations remain practically unchanged,
basis 3%c. for SO deg test, at which
some Mexican sugars in store were
placed.
The principal buyers have been with.
recently, making 1t a physical impos-
sibility to handle further supplies at
the moment Receipts at the L. s. four
ports amounted to LASS tons, includ-
ing eight cargoes of Java, aggregating
1857 tons, while the MEETINGS were
reduced to $4,000 tons.
Cuban holders made but little effort
to force their sugars on unwilling buy
ers, and they were generally asking
2hc C. and (. for % deg. test, but II is
reported that several of the largest
holders disposed of the balance of their
stocks in the island, say about 10000
bags Centrifugals, at 2.22c. c. and (.
basis, 95 deg. test. equal to about $3.50.
landed for 90 deg test. II is thought
that the purchasers were Arbuckle
Bros.
Three unsold cargoes Of Java sugars
arrived at the Breakwater, and another
one nearly due, were on the market
for several days without finding buy.
ers, but two of them were finally placed
with the Federal refinery on private
terms, understood to be IS. or 9s. lhed.
lc. |. f., equal to 3.64 to 3.67c. landed
for 90 deg. test
The last price paid for Javas on tho
spot was 11.16c. a fortnight ago.
It Is expected that the remaining two
cargoes in port will be stored by the
owners.
In considering the question of sup
ply and demand for the remainder of
the calendar year, we estimate that the
refiners will be able to draw an the
following: Rehners' stocks 1861 900 tons
importers stocks $1,000 tons, Javas
atloat l45, 900 tons, Cuba stocks $4,000
tons, various 10000 tons. or tota
of 5Sl 900 tons, less such quantity as
may be carried over to next year by
tenacious holders, while the require
ments for melting, based on last years
figures, may be estimated at $4,000,
tons. After January LIST next the new
Cuba and Brazil crops should be avail
able in quantity sufficient for needs.
Louisiana crop reports continue IN
favorable, and the harvesting will b
late in beginning. No one can We
\ closely estimate the outturn, but the In
dications point to less than 100000 lon
tons.
The latest official weather report
from Cuba show deficiency of rain II
a few scattered localities but, generally
the new crop promises well.
On the European markets Beet hu'
tuated narrowly. closing unchanged TO
the week, while cane sugars decline
AID.
The parity of Beet quotations
3.S2c. for Centrifugals, or about .20C
above the value here.
There are no indications of an in
provement in the market for raws III
less the demand for refined increase
REFINED.-The market remain
practically unchanged, basis Of 4.6Oc
less / per cent. cash for Granulate'
p which Is the actual selling price name
p by all refners for prompt shipmen
p Arbuckle asks points higher for d
y layed shipments.
n Since the freight rates advanced G
Up the 7th inst. to basis of 25c. to Oh
Up cago and 45c. to the Missouri River
Up all rail, the demand has been muC
smaller and confined, principally,
n local points, enabling refiners to nal
progress in catching up with their
ders, but all Of them still report owe
sales.
Eastern refners are now feeling Il
competition of domestic beet suga
which is now Offering in the west
the usual basis of 10 points below t
parity of New York quotation.
In Michigan two factories have beg
y operations, two more will follow Il
q" week and slicing of beets will be e
eral next week.
- Further west Colorado, Utah a
II Idaho factories are at work, while
. California product has been on the m
y ket for two months.
a There are no special indications
immediate change in prices, but b
q ers see no reason for anticipating tn
= wants.
VISIBLE SUPPLY.-Total stock
= Europe and America. l,Ol7,i65 t'
against l,177i,3S0 tons last year at