The Hawaiian gazette., 1906-07-27

The week.-Raws: Advanced lac.
Refined: Advanced .1Oc. Net cash quo
tations this date are; Molasses, 3.0Oc.;
muscovado 3.25c.; centrfugals, 3.75c
granulated. Il soc. Receipts, 46, 1856 tons
melting. 10000 tons. Total stock in
four ports. 342 6O2 tons, against 3i2, ,167
tons last week, and 2S72 2Sl tons last
year. Beet sugar quotations, fob.
Hamburg, SIS. 41sd. per cwt. for SIS deg.
analysis, without bounty, equa! to
3.14c. for 96 test centrifugals at New
York. First marks German granulated
fob. Hamburg los. 6%d., without
bounty, equal to 4.37c. New York, duty
paid.
Estimated afloats to the United
States from Cuba and West Indies. 40
900 tons; Hawaii $4,000 tons; Peru.
etc. 10000 tons. Total, $4,000 tons,
against 1856 600 tons last year.
Net Cash Prices Refined.-It is gen.
orally understood that the lowest price
named for refined here is basis of
granulated, in barrels and bags, 4.55c.
net cash, by all refiners.
Statistics by Special Cables.-Cuba.-
The six principal ports: Receipts 1000
| tons; exports, 13.S0O tons; stock, 100000
tons, against 1922 900 tons last year, G
| centrals grinding against last year.
This weeks summary OF the stotls-
| tical position shows stocks in the Unit
ed States and Cuba together of 572,602
| tons. against 5S5,167 tons last week and
| 559,23l tons last year. Increase of 49,
81 tons from last year.
Europe.-Stock in Europe, 2,4i2,000
| tons against 1,642.OO0 tons last year.
Hamburg reports shipments OF 5000
| tons refined sugar to the United states
this week.
Visible Supply.-Total stock of Eu-
| rope and America. 3,Ol5,6O2 tons,
| against 2,20l,2 tons last year at the
| same uneven dates, The increase OF
stock is S14.37l tons, against an in
| crease OF 834.249 tons last week. Total
| stocks and afoats together, show a
visible supply OF 3,14O.6O2 tons. against
| 2,35l, ,13l tons last year, or an increase
| OF 1881 tons.
Raws.-As anticipated, Cuba has this
week recovered by its advanced prices
| the full parity OF the beet sugar values.
This shows that 1t has been possible
| for Cuba TO have maintained prices
| throughout the entire campaign at the
| level of the European markets provided
| facilities had been given her for storing
and carrying the crop and selling 1t to
the U. S. only just as fast as wanted.
| The establishment OF a new bank in
| Havana under the auspices OF large
| American financiers may contribute to
| this end for next crop. AT one time
| during this crop the Cuban parity fell
to Sac. per 100 lbs. below Europe.
| 1t would have made vast difference
to the Cuban sugar interests II the
crop had been sold at the European
parity as was contemplated by our
Government when giving cuba the ad-
vantage OF 20 per cent reduction OF
| duties.
Now that Cuban and European par
| ity are equal we must expect ship
ments from Europe or Java to com
mence again in the near future. Stocks
In the U. s. and Cuba together are
only 1891 tons In excess Of last year,
the decrease In excess being rapid, say
| 10000 tons for the week. From this II
appears certain that al much sugar
supplies from now 10 end OF the year
/ VIII be required 10 be obtained from
countries outside Of cuba, plus somo
ten per cent increase which viii be
needed 20 meet the larger consumption
going on Ia the a. r. Java may not
be IN position 10 give US all We require.