The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1906-08-04

/ the market conditions are changed at
$ all but merely that some holders of SUI
CARS are disappointed at the outturn
? tests which their centrifug gals are giving
on account of poor manufacture and
| rather than carry them for a better
market a little later on are more dis
posed to let them go at current values
European markets in their act 'ons the
| present week are quite encouraging
with marked degree of firmness, not
w1thstanding the quite heavy liquida-
tons of August engagements and clos
ing with an advance of ed. for the
week, showing that the trend is up
ward in Europe, although slowly So
Beet for Oct.-Dec. delivery is offered at
S.. 712d. f. o. b. Hamburg, being the
parity of 3S0c. for centrifugals at New
| York.
Cuba visible crop is not increasing as
fast as it 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
the earliest practical period of next
seasons crop as the cane left in the
/ field will be ready for grinding the first
| of December.
| Under favorable conditions the next
| Cuba crop should be a bumper crop
as we have already pointed out.
/ The present crop at 1-Sc. C. and f. /
average has not paid the planters, when
it is taken into account that the inter |
est on borrowed money with which to
/ make the crop has cost many of them
IL per cent.
What Cuba needs is what the Philip
pines need, /. e.. better facilities for
making and handling the crops, and not !
better markets for the crops.
Financial affairs can be no better I'M
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 S. 101zd c. and f., the parity
of 3.77 c. for IS deg. test centrifugaIs,
and there is suspicion that some bust
ness may have been done with Ameri-
can buyers, but this is not confirmed.
Holders of Java sugars continue to
quote prices out of reach. asking 9s 3D.
c. and f. for one cargo af1oat. equal
3S5c. landed for So deg. test, and 9s.
71ad. C. and f. for July. August ship
ment, equal 3.S3c landed. The best bid, :
at the moment is 9s. 43@d. C. and f.,
equal 3.77c. landed. There is a large
demand from Eastern countries for
Java sugars. India having shown I'M l
usual interest recently. consequently
there is expected to be smaller bal
ance for shipment to America than in '
former seasons.
The market closes firm with a hard
ening tendency. 7
Refned.-Prices remained unchanged Y
"
reduced their list 10 points, to 460c.
less 1 per cent cash for granulated, :
which they name as lowest for usual
80 days contracts, but they are taking Z
orders for prompt shipment on basis Z
Of 4.50c. less 1 per cent. The reason for r
the cut is that this refinery has caught
up with its orders to a considerable ex-
tent, esp ecially foI graduated 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 1 per cent, at which only
moderate new orders are received. T.
AS matter of fact, Federafs price +
IF 4.50c. for prompt shipment is the &C
-ual price of most of the sugar now be- 1
ng delivered against old contracts. This Il
price Is very attractive to the buyers
who have but small supplies engaged y,
q
'ast that it is likely to be withdrawn
1t any time. Indications point to a
strong, healthy market. and we recon- Il
mend the carrying of a full stock
Disposition of Surplus Production -
World crop estimates show an in II
reased production this campaign Of OF
SOC. 900 tons, whereas consumption in I
England and America has apparently -,
increased only 100000 tons thus far. and
isfble stocks have increased only 10O.- a
90 tons over last years figures The OF
uestfon raised by many is: What has B
ecome of the balance of 100000 tons?
TART of it has doubtless been consumed
1cally and the remainder has teen used
0 fill depleted invisible stocks. CT
Last season the apparent consump-t
ion amounted to 1886. 354 tons. against
n average consumption during TIE
nree previous seasons of 10.330,000 tons 70
he normal consumption last season ne
hould have been 10 500 900 tons. but the 49,
ctual consumption was probably some
hing less in consequence Of the high Sd
rices prevailing. AS the production az