Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1907-12-17
SUGAR



transformations have improv-
ed somewhat during the week under
review, and some business has trans
pired, although at the expense or
values, sales including shipment from
Cuba at 2 3-16c. C. & T. for "a degree
test, which, at 1-32c. per ID. per
degree up, figures 3.61c. for 90 1e-
gree test. On better feeling in the
New Orleans market, resulting in an
advance there, a sale was made here
of 10000 bags Centrifugals, ex
store, to the Arbuckle refinery at
5.65c. per ID. duty paid, basis 96 de-
gree test, followed by sales of about
10000 bags prompt shipment from
Cuba at 2 5-16c. C. & f., SO degree
test, equal to 3.67c. per Id. duty paid.
At the close, in spite of the stead
Ter indications and sales at better
prices, II appears that the market is
still without material support, ana on
pressure the market gave way 4 l-2
points, sales from store being made at
j-Sc., basis 90 degrees. American
was the buyer and Howell, for plan
tation account, the seller.
No stock belonging to importers
now remains in warehouse, and any
local business must necessarily be
from one refinery to another.
The situation in New York at this
time is quite abnormal and the cir
cumstances existing may have an i'm
portant influence on the market Il
little later on. For instance. last
season when sugars were required to
finish out the years MEETINGS, 1t was
easy to bring them from the Euro
pean markets. because American and
European markets were at a parity.
On the contrary, this year there Is
a wide difference in this regard, our
spot quotation being 30 1-2c. per 100
lbs below the parity of Europea,.
beet. sugar Naturally, any needed
supplies for the remainder of the
year would come from the New Or
leans market, where 96-degree test
is now quoted at 3 3-Sc., but II so
happens from financial conditions
combined with freight conditions by
steamer from New Orleans north,
that some difficulty exists In bring
ing forward large supplies from that
market Should requirements be-
come urgent in December and Janu-
AIRY, owing to any increased demand
for refined sugars, shipments from
New Orleans to meet such demand
would have to be made within the
next few weeks, while, from present
| appearances, such shipments, to any
material extent. are well nigh inn
possible, although a few steamers are
said to be under engagement. In the
meantime, with the stocks In REIN
ers' hands and few cargoes of Javas
still to arrive before the end of the
year, the contingency of short sup
| lies which occurred last season ana
| was met by imports from Europe,
may not exist this year to the same
extent. This will depend largely up
on the demand for refined sugars
from the East. Supplies of refined
sugars at the middle and distant
West can be readily met by the do
nestle beet sugar factories In those
sections.
Europe during the week has nuc-
'uated but slightly down to 9s. Sd,
which is the closing quotation.
The cargo of Java sugars noted
last week due to arrive mere still re-
mains unsold and bids thereon are
solicited.
The weather in Europe continues
favorable for field work
Cuba conditions remain unchang-
ed, rain being wanted In some parts,
The Permanent Commission of the
Brussels Convention Is still consider
ing the position of Russia.
There seems no doubt now that the
acute stringency of the financial dis
turbance in the United States has
been passed and Improvement will
steadily follow, even If slow.