The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1905-05-12

sale 25OO tons at 4.55 cts; and on same
date cost and freight sale 5000 tons at
461 cts: 2nd,cost and freight sale 5000
tons at 461 cts; Bird, spot sale 200 tons
at Az cts: and on same date, cost and
freight sale 1000 tons at 4.61 cts; 4th,
cost and freight sale 1000 tons at AL
cts; establishing basis for SO degrees
Centrifugals in New York on that date
4.61 cts; San Francisco 4.235 cts.
Latest Statistical Position. Willett &
Gray report U. S. 4 ports in all hands
estimated April 26th 2S4,33O tons a
gainst 1882 tons, same date last year.
Six ports Cuba estimated April 25th,
349, 800 tons against 245,4S tons, cores
ponding period previous year. United
Kingdom March 31st (bonded stock
10000 tons against 1000 tons same
date in 1904 Total stocks i'm all the
principal countries by cable April 9th
at latest uneven dates 2,7O6,S3O tons
against 3,2O7, 10 tons; decrease from
last year 500, $50 tons. Sugar crops of
the world, totals cane sugar production
CIV. e. c. 4,6O1 ,254 tons against 4,235,725
tons, same date previous campaign;
European Beet sugar production IF. o.
Lich) 46S1 900 against 5,S74,96S tons
same date in 10000 United States
beet sugar production CIV. & CD 2O9,
722 tons against POS 1876 tons same date
previous year Grand total cane and
beet sugar 9,491 $40 tons against 10,31S,
S2S tons in 10000; estimated decrease
in the worlds production S26S52 tons.
Eastern &, Foreign Markets. In our
previous circular we called attention to
the gradual Improvement in the price
of sugar both in this country and
abroad A reaction. however, set in
and the disappointing demand for the
refined product served to render re-
finers in this country, fully occupied at
the moment in caring for accumulations
of direct receipts, apathetic more par
ticularly in view of the sagging ten
dency observable in European beets A
brief period interviewed in which quo
tations hardened to a slight extent, a
renewal of interest in refined at this
juncture helping to create a firmer feel
ing but the expectations of a con-
tinuance of these favorable failures
were rudely shattered by the pro-
nounced weakness which developed
abroad and lack of confidence on the
ditions in this country Quotations
suffered in consequence.
Students of the situation are SEEM
ingly at a loss to find a satisfactory eX-
PLANTATION of the downward course of
European beets and i'm the absence of
information on this point, the Trade
ascribes the depression to heavy liqui-
dation on the part of Spectators
ABROAD and lack of confidence on the
part of holders there. 1t is true that
the consumption of the world has APP
parently fallen off slightly of late but
not to an extent sufficient to account
for the present situation, while, as re-
CARDS this country invisible stocks have
undoubtedly been reduced to a mark
ed degree. s,-. ne Ak ASa
It is of course to be expected that
Cuban sugars should have shared in
the general decline but in spite of the
indifference assumed by refners in or
der to bring about liberal concessions
in price, holders have maintained their
position as well as they could, and
should an active demand for refined
spring up in the near future their po-
sition would be strengthened, as the
statistical outlook for sugar is sound,
Cuban crop that was previously esti-
mated at 1,25O,OOO tons having been re-
duced to say 100000 tons, while beet
sowings are reported in Europe to be
/ only on an average increase.
In conclusion we may say that the
sugar markets Of the world are in an
unsettled state and 1t is apparent that
the era of speculation i'm Europe has
wrought much damage, but unless
| some powerful causes, at present I'M
known, still further disturb the situa-
ton abroad, 1t is reasonable to suppose
that a period Of greater stability may
eventually succeed the present rather
unsatisfactory condition of affairs.