The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1907-03-21
SUGAR MAY
RISE SOON
Observers Note Lighter
Receipts From
Cuba.

Willett & Gray's Journal of March Z
makes the following comments on the
raw sugar market:
THE Improvement noted in the cane
sugar market for the past two weeks
continued during the week under re-
view, reducing the difference between
centrifugals and beet sugar to SSc. per
100 lbs. against Acc. last week, notwith-
standing that beet sugar advanced
from SIS. 1174d. to 9s. 0%4d for March
delivery, with May quoted at 9s. 2Ad.
spot centrifugals are now 3.51c. per
H., duty paid, against S42c. last week.
The equivalent of S.55c per ID. landed
was paid for Cuba centrifugals for late
March shipment.
The advance has been so rapid for
two weeks and such large quantities
have been placed that a more quiet con-
dition may intervene before further i'm
provement sets in, particularly as re-
fined sugar shows a less eager demand
at the close.
"A fall off of 5000 tons in Cuba crop
receipts for the week is significant as
being the first indication of a probable
exhaustion of cane in the fields of some
estates. The weekly returns Wilt be
of special interest from now forward
as bearing upon the outturn of the crop.
We see no reason yet to change our
original estimate of 1,25O.O60 tons.
Cuba centrifugals have recently
been offered for sale in England at
los. floating, landing, equal to about
2eAin Cuba f. o. b., but we learn of no
sales this week for shipment to Europe
having been made, though a few sugars
have gone forward which were sold
previously.
Canadian buyers have just accepted |
two Jcargoes of about 10000 bags each, |
San Domingo centrifugaIs, for March
at 1-S2c., c. & f., to New
York.
''At the close, the sales of Cubas are /
estimated at 250,0O0 bags and includes
afioats at 2 5-32c., basis So deg, equal
to 3.51c. duty paid, and at which we
quote spots; March shipment, at 3-16c.
c. & f., equal to 3.55c. duty paid, and
April at 2Ac.. equal to 3.61c. duty paid
Visible supply is thus stated: Total
.ons, against 4,1O3,5 ,557 tons last year at
he same uneven dates. The decrease
If stock is 277.374 tons, against a de-
crease of 333. $50 tons last week. Total
stocks and afioats together show a Wis
BILE supply of 3,926,1S3 tons, against
!, ,2OS, ,557 tons last year, or a decrease
If 2S2, ,374 tons
With regard to refined sugar the
Journal says:
while no immediate advance is like
y to be made in refined it is evident
rom the above that the buyers who
avail of the present quotations to add
% their stocks to the largest extent
ire the ones who will reap the most
,nefit when the advance comes, while
hose who delay buying until the last
moment may be left out in the cold.
Having said there Will be no imme-
late advance we can add that the
market will show extreme strength /
light along and in due time be followed
W several advances as was the case
Turing the last season.
"Refiners influence on the raw sugar
market will be as far as it counts
long the same lines. A good, strong
ceiling. with advancing tendency, put
Without the violent upward movement
which last year carried prices or CEN
rifugals above 4c. per lb. only to fail
ack ANONYMOUSLY.
"A good, healthy trade, satisfactory ,
o all concerned, is assured for TINS ,