The Hawaiian gazette., 1906-07-27

but, according to the European stalls
teal figures is a large amount or
sugar in the world that can't be ac-
counted for at the moment, but which
will no doubt be forthcoming when 1t
is wanted. For the present, therefore.
Europe resumes the position of making
quotations and deciding what the u. s.
must pay for it's sugar,
The situation in Europe is peculiar
with large statistical supplies. the
market continues to improve within
reasonable limits.
However, as supply and demand
eventually control prices, there Is a
limit to what may be expected in re-
gard to further rise of prices and we
incline to be somewhat conservative In
this respect. While the u. S. was get
ting its supplies mainly from Cuba,
1t was patent that prices must rise, but
the point having been reached where
supplies of the world are available, II
Is different matter to forecast a rise
, of the whole sugar world. The general
situation must be considered healthy
and permanent on the present basis at
least. Further Improvement depends
on conditions and sentiments outside
of Cuba and the U. s. which require
/ constant watchfulness to anticipate.
[ The advance OF the week has been
| .O6c per Id. to .1ic. per h., duty paid,
making the entire advance for SO deg
test centrifugals from the extreme low
point of 3.42c to 375c, the present spot
value
The parity Of beet sugar is now 3.74c-
per 10.
Last sales os Cubas was at 2 BLOC. C.
and T., basis 95-deg test, equal to 3.7Oc.
| landed for 96-deg. test. Holders are
now asking 2 3-sc. C. and (. for 94-deg.
test, equal to assoc. landed for 96-deg.
test with buyers at equal to 3.74c. for
July August and September shipment
No recent business has been reported
| In Javas, which are now offered at Ga
Z 1-2d. c. and Z. for July-August ship
ment, equal to 3.S3c. landed basis o.
deg. test.
1t Is rumored that some 25,000 tons
European beet sugars have been sold to
| American refiners, within week, for
! shipment to New Orleans, and to New
York, at equal to 3.72c. for centrifugals
| or say, IS, s Lid. C. and (. or 81. lid
(. o. b. Hamburg. Beet is offered to-
day at SIS. 10 I'D C. and f., equal to
arc. landed for centrifugals.
Europe and Java win be In cOmpe-
ttion to supply the demand from
America for some time to COME
Refined.-The market opened for the
week with an active business on the
basis OF 10 points below list prices, but
soon thereafter the concession was
| withdrawn and all refiners held their
. product firm at full list basis of 4.60c.
less l per cent. cash for granulated
List quotations for the American and
Howell soft grades are now 10 points
above the Arbuckle prices for such
grades.
| Toward the close the Federal ad-
vanced their list to basis of 4.7Oc. less
l per cent. for cash, but continue to
accept orders at 4.60c., at which a good
business Is now being done by all re-
| finers.
The movement OF sugars Withdrawn
| against old contracts continues TO be
a heavy one. resulting IN man, delays
In rehners' shipments and showing u
very gratifying Increase in the actual
consumption.
| At the close there n "A strong under
| tone. Il being noted that the margin
| between raws and refined Is now only
SOC. indicating a further Improvement
I IN prices.