Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1907-08-10
SUGAR

Czarnikow & Macdougall's sugar cir
cular for July rs says:
Our last report was dated 10th July.
With $4,000 tons diminution In the
United States stocks and steady
European market, the advance report
ed last week has continued during the
present week, with very large sales,
particularly of Cubas for shipment
next month and sugars in store, at
prices showing an advance of Lice for
the former and nearly l-Sc for the
latter.
The total business probably reached
10000 tons, mostly from Cuba, thus re-
ducing the already small quantity of
sugar in the Island still unsold and
consequently strengthening the situa-
ton so far as that market is concerned,
leaving the immediate future to be in
fuenced by beets, which in thru will
rule according to weather reports.
AS we have anticipated for some
time past, the markets of the world
have finally drawn closer together, to-
days beet quotations being equal to.
4.O4c duty paid or 259c C. f. for Cubas,
basis 96. These figures show that
there is still Lice difference, but it Isl
well to bear in mind that Cubas
bought for prompt shipment may haveI
to be carried by buyers until required
and that deterioration, carrying
charges and loss In interest would
fully absorb the Lice. With so little
sugar left in the Island, business in
Cubas for shipment from now to the
end of the year will be very much re-
as was the case last year
Java sugars are on the parity of 4c,
and being for arrival here in Septem- ,
are more desirable to-
some refiners who are well stocked;
but those whose stocks are not SO
large will, naturally, have to purchase
sugars that will arrive within
shorter period Little or no business
has been done in Javas this week, ow-
ing to the higher prices demanded
The total shipments in July will prob
ably aggregate $4,000 tons, against
$4,000 tons during the same month
ast year. 1t, therefore, follows that
The arrivals here from Java during
September will be smaller than antici-
)ated
The beet market has been steady
md shows no material change for the
week. There is very little premium
low beingl paid for July-August deliv
,ries as compared with new crops.
rhe market closes steady, quotations
icing 9s Cd for July and August; IS
I'D for new crop October December,
md 9s I'd for January March.
The uncertainty as to what action
Great Britain will take as regards the
Brussels Convention is exercising
more or less influence on the European
The latest reports ind/,ate
hat the continuance of the Conven-
ion is not an impossibility even
hough England should withdraw, andI
arrangement may be reached
The worlds visible supplies are now
300 900 tons against 2,360,000 tonsI
asst week, and 2,590,0OO tons at the
anne date a year ago.
There has been more disposition TO
ell spot sugars and probably $4,000
ons have been sold on the basis of 3
5-16c, basis SO, which is somewhat T.
nder the price at which Javas afoat
an be bought, but at the close there
re very few sellers, even at 4c The
market closes steady and generally in
avor of sellers.
The reduction in the United States !
locks during the past four weeks Is {
$1,000 tons, anl is che of the princi-
a! factors TO which the recent ad /
,ahcc can be attributed.