The Hawaiian gazette., 1906-01-19


az incma. W tpo as ians ias eeet
Total stoekr 40 anoa,s together. shpW
a sislbis supply ~ ssstiH tons
aealntt iiii 80 tons last pear
haes The isst eeek ~ the Old yenf
and beginning of tho new has been
qnlst Tor ihe froater part and the
oniy feature ~ lgieres, 20 note 10 the
unprecedented conditions ~ the Cuba
crop ~ the beginning u the new year
Very little sugar has been made IN
Cuba and only 20 centrals are az work
against 100 last year. The holidays
In connection with continued rainy
weather. produced this result ana has
left the sellers 81 contracts for ship
ment during January In n bad posi-
tion. they being not able thus far 20
procure supplies sufficient for contracts
and are compelled to ask refiners for
delay. Refiners. on the other hand, APP
pear to be in need OF sugars for use
and are willing TO pay current quota
lions for any offers. but in Cuba the
short sellers have paid 1.1ec to 3.s2c.
more than current quotations. The out
look for the month Is for steady, firm
markets At the close Philadelphia
paid 1-16c. advance for $4,000 bags
Cuba Centrifugals, January shipment,
at 5.16c. c. and Z. for SO deg. test
equal TO 367c. duty paid
A sale to Arbuckle Is also reported,
OF Porto Rico Centrifugals for Janu-
airy shipment, at 5-sc. ex ship, for
s6 deg. test buyer paying llghterage,
W nj fu 80 M m
terms.
The spot quotations remain nominal.
ly unchanged, basis of 3ssc for 80 de-
gree test in the absence of business in
nearby sugars.
Refined remained dull throughout
the week, with light demand, and the
only feature of the market is that the
Arbuckle refinery marked up their soft
sugars, Nos. to 10, to the parity of
list prices of other refners Refners
VIII now render invoices on a net basis.
as already announced. Indications
point to steady, firm market, with
rather an improving tendency if any.
thing, in sympathy with the raw sugar
market.
Review.-We print today our full an
nual statements of the sugar business
of the United States for the year 1905.
The figures show that the consumption
of sugar decreased 1874, 946 tons, or say
1876 per cent, against an increased
consumption in 1904 of 217.5l9 tons.
or o.531 per cent. Taking the two
years together, the consumption shows
an increase of 150,046 tons per year,
or say 1854 per cent, against 1896
per cent average increase for "a years.
The cause of the decrease in consump-
ton in 1905 is directly traceable to
the higher prices which ruled during
the larger part of the year.
Foreign sugar producing countries,
other than Cuba, contributed 43S, 3S3i
tons to the consumption, Cuba contrib
uted 1,101,611 tons, the Hawaiian
Islands contributed 376,497 tons;
Porto Rico, 124,92S tons; Philippine
Islands, 1868 tons; domestic cane,
334,522 tons; domestic beet. 22O,722I
tons; maple sugar, 5000 tons; molasses
sugar, IL, $50 tons.
The total amount of refined sugar
consumed was 2,506,6sO tons, of which
the American Sugar Refining Co. man.
ufactured l,325,692 tons, or, say, $3.50
per cent, against 5S.07 per cent last
year; the Independent refiners, 930,557
tons, or 37.4S per cent, against 1919
per cent. last year; the domestic beet
sugar factories, 220,477 tons, or $40
per cent, against GAS per cent. last
year; foreign refined, 20,954 tons, or
"a per cent, against .26 per cent. last
year.
Average difference between raw and
refined IN 1908, was .97sc. per h.,
against .79sc. per lb. in 1904.
The coming year gives promise of
comparatively low average price for
raw sugars because of the largely in
creased estimated supplies throughout
the world and the price of refined will
naturally follow the course of raws.
study of our tables of details of
supplies and consumption will prove
unusually interesting at this season.
The American Sugar Refining Co..
Notice has been issued by the Secre.
tary that the annual meeting of the
stockholders will be held in jersey
City on Wednesday, January 10, 1906,
at IL O'Clock noon, for the transaction
of such business as shall come before
the meeting and for the election of
three directors to serve in place of
Messrs. II. o. Havemeyer, John Mayer
and Arthur Bonner, whose term of of
nee will then expire, and whose re-
election the present board of directors
unanimously recommend