The Hawaiian gazette., 1906-02-13
SUGAR

Willott a truys Journal for Jnnu-
afy 20 contains the following uforma
tion:
Visible supply. Total stock OF ru-
rope ana America. 3gSi2t4 iona
against 2.@s'sa' tons last year at the
same uneven dates. The increase OF
stock is l2ilS5i tons. against an In.
crease of l233.l3i tons last week. To-
tai stocks and anoats together show ,
visible supply OF 4o5i2i4 tons. against
: >SsN't tons last year. or an Increase
~ L2lt357 tons
Raws.-The decline which beganlast
week continued during the week under
review.
Pressure 20 sell by holders OF nearby
and distant supplies. resulted I'm sales
OF Porto Rico centrifugals for prompt
shipment at 9-l6c.. thus establishln,
% reduction Of l-l6c. in spot quota
tions, and sales OF noh-privneged sug.
ars for February shipment AT 17-s9c.
ana l-2c. for 96-deg. test caused n
decline of l-Sc. in distant sugars. Gu
ban molasses sugars in port Were
paced at S-4c. for S9-deg. test. and
Cuban centrifugals, FOR early February
shipment, brought 5-S2c. c. and T.
equal To 3.52c. landed 96-deg. test.
There are buyers of all February
sugars at 1-Sc. C and +. for Cuban
centrifugals, equal to S.49c. landed.
The future course OF the marke,
VIII depend to a considerable extent
upon the offerings from non-privileged
cane-produclng countries. Based on
the actual consumption OF 2.632 PIG tons
IN the Cpted States last year plus
the average Increase for series or
years nearly D per cent, We may ex-
pect the consumption IN 1906 to amount
TO- say, 2,745.295 tons, against which
the estimated crops of Louisiana
Texas domestic beet. Porto Rico Ha-
wall, Philippine and cuba. less local
consumption in the islands should
give supplies of privileged sugars
amounting 10 3522 eco tons, leaving
only 22S,295 tons to come from non
privileged countries, plus any fail
short in crops and plus any part of the
Philippine crop of 125.OOO tons which
may go TO China, Japan or other out
side markets Last year 43S 3S3 tons
were required from non-privlleged
countries. European beet sugars are
not likely to come here I'm quantity. the
competition to supply this small de-
hciency will be between such cane
producing countries as West Indies
Brazil. Peru and Java. 1t is probable
that Java, with it's cheap labor. can
compete with Cuba more successfully
than other countries.
The crop of Martinique, as a rule,
is marketed in France, where II pays
the import duty assessed on foreign
sugar. but is allowed by the Govern
ment rebate equal to the freight.
Part of this crow owned In France and
not needed there because of the sur
plus beet production. is now seeking a
market here
In some parts of Cuba more rain is
reported this week. although the
weather Is favorable for grinding else
where. The number of centrals work.
Ing increased to 100, but are A less
than at this time last year. Receipts
at the Cuban seaports for the week
amounted to 23,0CO tons, double those
OF week ago, but 10000 tons less than
same week last year. II the weather
does not soon become settled and suit.
able for grinding throughout the is
land the working season may be
shortened to such an extent as to
make 1t impossible to produce a crop
as large as expected.
Receipts at the United States four
ports for the week were again small.
being only 1916 tons, while require
ments for MEETINGS were 10000 tons,
thus reducing stocks 1887 tons.
European markets fluctuated during
the week closing at Ss. 2d. for prompt
and SIS. La. for August beet
Refined.-Throughout the week the
market for refined here has been duh,
with a perceptible falling off In de-
mand. The American and Howell ad>
vanced their list prices for all soft
grades 10 points and confectioners' a
points, leaving granulated and other |
lards unchanged. These rehners,
however, are shading their list 10 |
'onts to basis of granulated at 450c. !
ess per cent. cash.
Arbuckle Bros. reduced their list to '
heir prompt shipment selling prices, /
lasis of Rranulated at 450c. less per ,
'ent., and are not Offering to give 80 |
lays privileges.
Federal still quote granulated at
.40c. less l per cent. cash for prompt !
shipment and are receiving the greater |
portion of the new orders coming in.
The unseasonably warm weather re-
emily experienced in the United !
states. causing buds to start in many
followed by heavy frost. will /
esult In some damage to fruit crops
he extent of which It Is yet too early
o estimate.
The tendency Is for refined to follow
he course of raws. slowly.