The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1906-10-20
SUGAR SITUATION
Willett & Gray's Sugar Trade
Journal.

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The Week-Raws declined .O6c, re
fined declined zoe. Net cash quota
tons this date are: Molasses- Soc
Muscovado, 3.50c; Centrifugals, 40Oc-'
sranuIated, 455c. Receipts, 22,4So tohs'
Meetings., As, 900 tons. Total stock in TOUR
ports. 1S6,1O3 tons. against 2ll'6le tons
last week. and 214,007 tons last year
Beet sugar quotations, f. o. o. Hahn
burg es. 3 3-4d per cwt. for IS degrees
ANALYSIS, without bounty, equal 70 5-95c
for Sc test Centrifugals at New YORK
First marks German graduated I. o. D.
Hamburg. lis. I'D, without bounty
equal to 461c New York, duty paid.
Estimated afloats to the United
States from Cuba and West Indies,
10000 tons; Hawaii. 10000 tons; Java,
125 900 tons; Europe, $4,000 tons; Peru
etc. 10000 tons. Total. 100000 tons
against 100000 tons last year.
Net Cash Prices Refined-It is gen.
orally understood that the lowest price
named for refined here is basis OF
GRADUATED, in barrels and bags, 455c-
net cash, quoted by Federal for prompt
shipment only.
Statistics by Special Cables.-Cuba.
The six principal ports: Receipts,
none; exports, 1900 tons; stock, $4,000
tons against 163, 900 tons last year; one
central grinding against none last year.
This weeks summary of the Stats
teal position shows stocks in the
United States and Cuba together of
222, 103 tons, against 249,615 tons last
week and 377 007 tons last year, de-
crease of 154, 904 tons from last year.
Europe-Stock in Europe, 1,087,000
tons. against 717,OOO tons last year.
Hamburg reports shipments of 2250
tons raw sugar and 100 tons refined to
the United States this week.
Visible Supply.-Total stock of Eu-
rope and America, 1908. 103 tons,
against 1.O94,OO7 tons last year at the
same uneven dates. The increase of
stock is 215,096 tons, against an in
crease, of 239 139 tons last week. Total
stocks and afloats together show Wis
sible supply of 1929, 103 tons, against
1874 COZ tons last year, or an increase
of 155. 096 tons.
ACKNOWLEDGEMENTS of the week
under review have been of extreme
Importance and have entirely changed
the complexion of the sugar situation
in its relation to the Cuba crop, The
United States Government has taken
possession of the Island of Cuba land
ed marines and and is forwarding suf-
ficient soldiers to maintain peace
throughout the island. The rebels in
arms are surrendering their weapons
peaceably and returning to their
no will no hai
employment as labOrers on the sugar
plantations. This virtually assures a
crop equal to last year, unless unfore
seen events arise to prevent it. Under
these new conditions, all the markets
of the world have declined. The clos
ing quotation here being &c. for 96 de-
grees test Centrifugals against 1-8c., |
the highest point recently reached.
The closing quotation for beet sugars
in Europe is &c. 3-4d. against the
highest point reached of 10c. Sd. The
closing price for Java sugars afloat is
&c. for So degrees test, at which they
are offered, against the highest sale
made at equivalent of 1-Sc. per ID.
These declines are directly traceable
to the improvement in the Cuban af-
fairs, the European crop prospects
having remained throughout generally
favorable and having had no impor-
tant bearing on the market during the !
recent crisis. From this time forward, /
however, beet crop prospects and Gu
ba crop prospects will work together
to establish market quotations.
Refiners supply of cane sugars is |
very limited and as very few Cuba /
sugars of the last crop remain unsold, |
these are held at prices considerably !
above the parity of European beet SUI |
CARS which today at 9s. Sd is the /
equivalent of $3.50. per ID. for So de |
grees test Centrifugals. New crop
Cuba Centrifugals are offered in a !
small way for December-January ship
ment at 7-16e. for SO degrees test
equivalent to 3.S0c. landed duty paid. !
The final outturn of the Cuba crop
depends more than anything else upon
the supply of laborers for harvesting
The conditions of the cane and the
quantity of cane are sufficient for a
very large crop provided proper labor I
can be had to secure it.
As regards the European beet crop
Mr.. F. o. LIGHTS preliminary estf-s
mates have not yet been given out, al