The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1906-08-07

the market conditions are changed at
all buf merely thar some holders of "a.
rara are disappointed at the outtnrn
! ests which their centrifuaais are giving
on account OF poor manufacture ana
rather than carry them for n better
market a little later on are more dls-
posed TO let them 40 ut current values.
European markets In their actions the
present week are quite encouraging
with marked degree Of frmness. not
withstanding the quite heavy liquida-
tons OF August engagements and, clos
Ing with an advance OF nd for the
week showing that the trend is up
ward In Europe. although slowly 80.
Beet for Oct. Dec. delivery is offered at
ss, I'D (. o. b. Hamburg. being the
parity OF assoc. for centrifugals at New
York.
Cuba visible crop Is not increasing as
fast as II ought In order TO show final
best results. Many factories became
discouraged after rains set in reducing
largely the saccharine contents of the
cane and planters determined to aban-
don grinding before there was really
actual necessity for doing so.
These planters will resume work at
l
seasons crop as the cane left in the
field Will be ready for grinding the first
OF December.
| Under favorable conditions the next
1 Cuba crop should be bumper crop
as we have already pointed out
| The present crop at 1-Sc. c. and f.
average has not paid the planters, when
1t Is taken into account that the inter
n hprrnxra6 t,tt tnt,
make the crop has cost many of them
IL per cent.
What Cuba needs is what the Philip
pines need, 1. e.. better facilities for
making and handling the crops. and not
better markets for the crops.
Financial affairs can be no better un-
til taken in hand by parties with ade-
quate capital and power to make the
necessary internal Improvements
Beet sugars for shipment have been
Offering at SIS. 101sd. c. and f., the parity
OF 3.I7 c. for 96 deg. test centrifugals
and there is a suspicion that some bust
ness may have been done with Ameri-
can buyers, but this is not confirmed.
Holders of Java sugars continue to
qlote prices out of reach asking 9s Cd.
q. and f. for one cargo afloat, equal
3.S5c. landed for So deg. test and 9s.
11sd. C. and (. for July. August ship
ment, equal 3.S3c.landed. The best bid,
at the moment is 9s. 4isd. c. and f.,
equal 3.77c. landed. There is a large
demand from Eastern countries for
Java sugars. India having shown un-
usual interest recently. consequently
there is expected to be a smaller ball
ance for shipment to America than in
former seasons.
The market closes firm with hard
ening tendency.
Refined.-Prices remained unchanged
until toward the close when the Federal
reduced their list 10 points, to 4.6od.
less l per cent cash for. granulated,
which they name as lowest for usual
80 days contracts, but they are taking
orders for prompt shipment on basis
of 4.5Oc. less per cent. The reason for
the cut is that this refinery has caught
up with its orders to considerable ex-
tent, especially foI granulated in bar
rels. Other refiners are still behind in
their deliveries to days and have not
met the decline, but continue to quote
4.60c. less l per cent, at which only
moderate new orders are received.
AS a matter OF fact, Federal's price
of 4.50c. for prompt shipment is the ac-
tusti price VI iloSt OIL tne sugar NOW De-
ing delivered against old contracts. This
price is very attractive to the buyers
who have but small supplies engaged
ahead and the orders are coming in so
fast that it is likely to be withdrawn
at any time. Indications point to a
strong. healthy market. and we recon-
mend the carrying of a full stock.
Disposition of Surplus Production
World crop estimates show an in
creased production this campaign OF
, 100000 tons, whereas consumption in
England and America has apparently
increased only 100000 tons thus far, and
visible stocks have increased only 7O0,-
700 tons over last years figures The
question raised by many is: What has
become of the balance of 100000 tons?
Part of II has doubtless been consumed
ocally and the remainder has been used
10 fill depleted invisible stocks.
Last season the apparent consump-
lion amounted to 9.598,354 tons, against
IN average consumption during the
hree previous seasons of 10, 100000 tons.
The normal consumption last season
should have been 100000 tons. but the
actual consumption was probably some
thing less In consequence of the high
prices prevailing. AS the production
he same season was only 9,541.652 tons
cane and Beet, there is no question but
hat invisible stocks were drawn on to
he extent of 100000 to 100000 tons to
meet the actual demand and these in
visible stocks have been refilled out of
he present seasons big crop of 12,120,-
800 tons cane and beet.
.A.s.-