The Hawaiian gazette., 1906-08-28

: The Week.-Raws: Advancaa o.s,
Refined. Adva,oos ,oa =.
,a.,
'"ie oa'e are Moiasses
e ''i<oc.' Muscovado, 3.375c.; Centrifu
gals. 3.s75c.; GranuIated. .4.75c. Re
CENTS. n 44a ton. ua,,,v 40 "a
t,s .'q- 2 'o'oo
s'o'A Al iour ports So4'SS
] .ons' against 32O.sso tons last week. an,
, 2o0.911 tons last year Beet sugar quo
tations (. o. b. Hamburg, ss. flhd. ne,
cwt. for $50 analysis. without bounty
J equal to 3.91c. for 96e test Centrifueals
at New York First Marks German
Granulateds 4. o. b. Hamburg lis. gid.
without bounty, equal to 4.51c. New
York, duty paid.
Estimated afioats to the United
States from Cuba and West Indies &c.
600 tons; Hawaii, 10000 tons; Java, b5,-
n 600 tons; Europe. 1000 tons; Peru, &c.
10000 tons. Total 10000 tons, against
$4,000 tons last year.
Net Cash Prices Refined.-It is gen.
orally understood that the lowest price
named for refined here is basis of
Granuiated, in barrels and bags, 4.75c.
Il net cash. by all refiners.
4 Statistics by Special Cable-Cuba--
The six principal ports: Receipts. 1000
tons; exports. 20,800 tons; stock, 116, 900
tons. against 261 900 tons last year 8
centrals grinding against 4 last year.
| This weeks summary of the statis-
tical position shows stocks in the
| United States and Cuba together of
| 420,333 tons. against 455,S90 tons last
week and 461,91 tons last year, a de-
crease of 415TS tons from last year.
Europe.-Stock in Europe. 1,741, 900
tons. against 1,0s0.000 tons last year.
Hamburg reports shipment of $500
tons raw sugar to the United States
this week.
Visible Supply.-Total stock of
Europe and America, ,2,161,333 tons,
against 1,541.911 tons last year at the
same uneven dates. The increase of
stock is 619 422 tons, against an in
crease of $50 1877 tons last week Total
stocks and afioats together, show a
visible supply of 1881 1888 tons, against
1,SS1911 tons last year, or an increase
of 4694 422 tons.
yRaws.-As We anticipated, the up
ward movement in the market con-
tinued, with large sales at 37sc landed |
for go test and 21ac. c. and f. for go |
test Cubas. showing an advance of |
1-16c. for the week. All the sugars OBJ
tainable on these terms were accepted,
including Porto Ricos. Cubas, Dema-
raras. San Domingos, Javas and Beet, /
the total recent transactions covering
some $4,000 tons.
The apparent ease with which the ad-
vance was established encouraged hold
ers to demand still higher prices, but
buyers are resisting further advances
and they can afford to do so sor the
present, as they have well fortified
their position. A little later on, how
ever, If the demand for refined keeps
up. as is likely, the necessities of re-
finers may be such as to warrant a con-
tinuation of the upward trend until
new sugars begin to come to market.
Any serious injury to the new crops
would give such a movement greaterI
impetus.
Mr.. F. o. LIGHT cables that the beet
crop In Germany is making favorable
progress, but, our cable from London
today reports the crop suffering from
Drought in some parts of Europe.
The worlds visible supply is being
reduced to an important ex-
lent, the figures today showing only
l6e, ,422 tons increase over those of
year ago.
European markets this week advanc-
I'D steadily from IS. 9%d. to 9s. gid.
'or prompt beet. reacting at the close
% 9s. I'D After quite important sales
If beet for shipment to American re-
liners at 9s. Sd. to 9s. 3Ad. c. and f.
equal to 3.s7c. and S.ssc. for Centrifu- {
gals at New York. sellers views ad-l &
to 9s. Cd. c. and f., which
checked business 1t is believed that S
he refiners secured 1OO, 900 tons of beet !
sugars during the last four or FIVE !
weeks, including those intended for !
New Orleans.
1t transpires that a moderate busi- {
less was recently done in Javas for
August September shipment, the price ,
,eins. it is understood. around 9s. 1OI.d.
;. and E.. equal to 3.SSc. landed for 96o
est: sellers are now asking for the
;ame shipment, los. 3D., c. and f., equal
o s.96c. landed.
Our special cable from Java on 6thl
instant gives exports during July of 7
,nly $4,000 tons by steamer to Europe i
Ind east coast America During May n
Iune and July only 55 900 tons were 6