Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1905-10-14
SUGAR MARKET TREND
SLIGHT ADVANCES CAUSE
BEET Men TO LIQUIDATE
WILLETT 6 oRAYs REPORT ON
SITUATION - CENTRiFuGALS
AND REFINED THE
BEET CROP.


Willett G. Grays circular for Sept.
IS reports as follows on the sugar mar.
ket:
RAWS.-We have to note a slightly
improved condition of our sugar mar.
ket as regards prices and an advance
for the week of Lice. per pound. not.
outstanding that receipts have been
remarkably large and much in excess
of the requirements for melting.
Eight cargoes of Javas are included
In the receipts, seven Of which were
Tor refiners account and one cargo un.
sold has gone TO warehouse. Another
cargo just arrived was sold today to
Arbuckle at ll.lGc. ex ship. basis %
degrees test.
At the close there are sellers of %
deg. test Cuba Centrifugals at slice
with buyers at 2Ac. c. and T., or tho
equivalent for lower test. The outlook
IS still little uncertain. pending the
Anal settlement of the European finan.
cial troubles.
Refiners stocks at New York include,
10000 tons held by the agents of the
Federal refinery for account of specu.
lators, reduced from $4,000 tons held
q month ago for the same account.
European markets worked up during
the week to SIS. lloyd, which was no
doubt taken advantage of to further
reduce the line of unliquidated sugars
and the price fell at the close to IS.
Sad. on a quiet market
New American Beet crop reports
are generally favorable, although in
some localities the prospects are not
cn L..
the season. Beet sliCing will be general
about the middle OF October and indica
tions at this early date point to an
outturn OF 2i5,00O to 275,O0O tons SUI
gar, possibly an average Of 100000 tons,
against last crop of 209,722 tons, 2,2i0
pounds each.
REF1NED.--The market for refined
sugars has been unsettled during the
week under review. For a short time
when raws were active the Federal re.
fnery did a good business in Granulat
ed at i.7Oc. less per cent cash. and
became oversold two weeks. Other re
fners have not felt any large demand
and have offered concessions in prices
to INDUCE business, while leaving the
lists unchanged
Today. orders for Arbuckle sugars
| might be placed on basis of Granulatcd
Mt i.65c. less per cent cash, subjec,
to their special rebate of points on
sugars Withdrawn this month. Fed
eral still quotes 47Oc. less per cent,
with other rehners naming 4.S0C. les,
l per cent cash.
The refiners have been making heavy
shipments to distributing centers in the
west, taking advantage of the low
, freight rates now prevailing. Freights
are expected to advance on October 7th,
as before reported, but this fact has
not seemed to influence buyers in in
creasing their carrying stocks to ans
considerable extent.
! With the exception OF the Federal
the refiners can ship straight carloads
or Granulated fairly prompt, but assert
ed grades would be delayed several
days. Indications are that the market
will remain unsettled for a week OF
two.
| EUROPEAN BEET CROP.-Mr F.
0. LIGHT cables us specially from Mag
deburg. September 22, 1905:' "WeatheI
Is favorable for the growing crop"
September 20, 1905: No change IA,
| the situation"
| VISIBLE SuPPLY.-Total stock OF
| Europe and America. l.03O,47G tons,
| against l,23S,Sl5 tons last year at the
same uneven dates and 2,75G,29S tons
ut the even date of Jan. lst. 1905.
The decrease Of stock Is 20S,339 tons.
against decrease of 1881 tons last
week, and a decrease of l,O05,74O tons
! January list, 1905. Total stocks and
afoats. together, show a visible Supply