The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1906-02-12
SUGAR

Wnlett & Grays Journal for Janu-
airy % contains the following informa-
tion:
Visible Supply.-Total stock of Eu-
rope and America. 3,9S4.214 tons,
against ,139.S57 tons last year at the
same uneven dates. The increase OF
stock is I244.357 tons. against an in
| crease Of 1,233, 134 tons last week. To-
| tai stocks and af1oats together show i
visible supply OF 46542l4 tons. against
| 2 S39,857 tons last year, or an increase
Of 1,214,357 tons.
| Raws.-fhe decline which began last
| week continued during the week under
review.
Pressure to sell by holders of nearby
and distant supplies. resulted in sales
| OF Porto Rico centrifugals for prompt
shipment at 9-16c.. thus establishing
d reduction of Lice. in spot quota
lions, and sales OF non-privileged sug-
ars for February shipment at 17-32c.
| ana Lie. for 96-deg. test caused a
| decline of 1-8c. in distant sugars Gu
| ban molasses sugars in port were
placed at 2 3-4c. for S9-deg. test. ana
Cuban centrifugals, for early February
| shipment, brought 5-32c c. and f..
L.
There are buyers of all February
sugars at 2 1-8c. c. and f. for Cuban
centrifugals, equal 10 3.49c. landed.
The future course of the marke.
will depend to considerable extent
upon the offerings from non privileged
cane-producing countries. Based on
the actual consumption of 1852 PIG tons
IN the United States last year. plus
the average increase for a series or
years, nearly 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 to 2,522,0CO tons, leaving |
only 223,295 tons to come from nom |
privileged countries, plus any fall |
short in crops and plus any part of the |
Philippine crop of 125,O00 tons which |
may go to China, Japan or other out
side markets. Last year 43S,383 tons
were required from non-privileged |
countries. European beet sugars are
not likely to come here in quantity. the
competition to supply this small de-
ffciency will be between such cane
!
Brazil. Peru and Java 1t is probable
that Java. with its cheap labor, can
with Cuba more successfully
than other countries
The crop of Martinique, as a rule,
is marketed in France, where it 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
market here.
In some parts of Cuba more rain is
this week, although the
weather is favorable for grinding else :
where. The number of centraIs work i,
ing increased to 120 but are al less
than at this time last year. Receipts :
at the Cuban seaports for the week ,
amounted to $4,000 tons double those
of week ago. but 10000 tons less than
same week last year. If the weather
1oes NOT soon become settled and suit a
able for grinding throughout the is
and the working season may be I
shortened to such an extent as to L
make it impossible to produce a crop F
as large as expected
Receipts at the United States four
oeing only 16,463 tons, while require
nents for MEETINGS were 10000 tons, .
hus reducing stocks 1887 tons.
European markets f1uctuated during
he week. closing at IS. I'd. for prompt L
md IS. I'D. for August beet.
Refined.-Througho the week the
market for refined here has been duh,
With a perceptible falling off in de-
nand The American and Howell adj
trades 10 points and confectioners' a Z
points. leaving graduated and other a
ards unchanged. These refners, tt
owever, are shading their list 10
oints to basis of graduated at 45Oc.
ass l per cent cash.
Arbuckle Bros. reduced their list to
heir prompt shipment selling prices,
of eranulated at 4.50c. less per =,
emit, and ara not offering to give 80 y
avs privileges. -
Federal still quote graduated at Id
40c. less ! per cent. cash for prompt
hfpnent and are receiving the greater
ortion of the new orders coming in.
The unseasona bly, warm weather re- c,
entity experienced in the United pl
tates, causing buds to start in many
,calities followed by heavy frost VIII
esult in some damage to fruit crops,
ne extent of which it is yet too early
estimate. "a
The tendency is for refined to follow
le course of raws. slowly. VI
III