Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1907-05-11
SUGAR


VISIBLE SUPPLY.-Total stock OF
Europe and America, $4,000 tons,
against 3, 7G1, 121 tons last year at the
same uneven dates. The decrease of
stock is 245, 031 tons, against decrease
of 25S,536 tons last week Total stocks
and affoats together show visible sup
ply of 3, 1,090, tons, against 1881 ,12i
tons last year, or decrease of 270,031
tons.
RAWS.-We still have a Cuba report
market, influenced by the weather and
grinding conditions there
A further decrease in Centrals work.
ing to III has strong influence in
keeping prices steady and firm at the
recent advances at home and abroad.
The fall off in crop receipts for the
week was not as great as expected and
the minimum estimate to a maximum
| of 1925, 200, as explained elsewhere.
The offerings of the week have not
been greater than the demand and were
quickly absorbed, leaving the market
at the close steady and firm for dis
tant sugars, on the basis of 2 3-Sc., C.
and f., for Cuba centrifugals, basis of
95 test equal 1855. landed for SO test),
for May shipment, and 1890, C. and
f., So test, for second half May ship
Iment, with report OF sale to spectators,
and probably refners, of Cubas for
June shipment at lie, C. and f., basis
SO test Nearby sugars were not need
ed because of heavy arrivals and were
forced upon buyers at the equivalent
of 3.73c. landed, 96 test
There is still a margin of .25c. per
ID. for centrifugals before the parity
of beet sugars is reached, the latter
having way of leading in an advance
all the time, even if slight reactions
occur as at the close, when beet sugar
Is quoted at 9s. lid. against IS. Cd.
during the week.
Receipts in United States were very
heavy, amounting to 1851 tons, be-
ing the largest for any week Of this
campaign, taxing the refners' facilities
for the handling of cargoes in port
Stock in United States and Cuba to-
sether are now 1885, $50 tons against
605,121 tons last year.
Provided sugars are not pressed fos
sale faster than buyers can care for
them, the tone and tendency favor sell
ers inasmuch as the private news from
Cuba indicates a rapid closing of the
crop in many districts during the pres
Cnt month of April
CUBA CROP ESTIMATE.-We have
finally received sufficient data on which
to base an estimate of the maximum
production of sugar in Cuba for the
present 190G-07 seaGon.
The visible production to date is
! $4,000 tons sugar, with only III Cen
trails grinding, against 1870 Centrals at
work year ago. Liberal estimates of
receipts at the six principal ports, say
for the remaining week III April, would
be 10000 tons, and fC" the month of
May would be 10000 tons, to which
should be added 10000 tons for out
ports, and, for the balance of the sea-
son at all ports after May list, about
one-half, say $4,000 tons Of the guam
tity produced during the same time
last year, when the season was late,
making in all 10000 tons still to come
forward, or total crop of 100000
tons. If we look back, we find two
years ago, when weather conditions
were normal and when 142 Centrals
We're grinding, that the production dur
ing the balance of that season amount
ed to 22S000 tons. There are now III
Centrals at work and proportionate
figures would show a production for'
the balance of this season of 17S,000
tons, but this figure is not likely to
be reached in view of the damage done
by the drought Therefore, we con-
scider it reasonable to expect a crop
of not more than 1926, 900 tons.
We leave unchanged our minimum
estimate OF 1,2JC,0J0 tons, in case of q
sudden ending of the crop.