Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1907-03-18
SUGAR



Wulct a Gmy's Journal Tor Feb
uars Is reports as follows ON the raw
rugar market
VISIBLE SUPPLY. TOTAL stock of
suropc and America. a1j3,7l9 tons.
against i.ON72lJ tons last year at the
same uneven dates. The decrease OF
stock Is 333, tons. against decrease
Of 3ti O6S tons last week Total stocks
and anoats together show u visible
suppl, Of 3.S2S.7l9 tons. against i.iSI-
$40 tons last year. OF a decrease OF
25S,5S0 tons.
RANS. Last week we said that the
tide OF decline was turning and that
| Improvement would proceed until the
parity Of beot sugar Is reached for CEN
1 rifupals. Last week this parity was
| 800 per 100 pounds, and H. reduced to
CSC on prompt ana Zoe. March sugars
this week
The low basis appears to have been
/ turned ~ l-32c. e. ana l. of 90 test.
without touching the 20. per H. point,
/ at which buyers aimed for q long time.
\ and inaymuch ~ support has come TO
} the market through large purchases
! by rChEers rs well MS spectators 1t Is
evident that the upward turn has set
! IN fer good
Beet sugar continues to act firmly
and independent OF cuba, and whenever
a change Is made Il shows AN ndyanc-
| ing tendency. The present week shows
I'd. advance per cwt. In beet sugar
cole. per 3D. and centriiugals show
.0ic. per TO- advance.
| Tho nttuntfty nj gttpuv Minced Ngft D,
buyers during the week amounts Ia
prompt shipments. 25O,0OO bags for
March ana 100000 bags for Aprii ship
ments. Prices for early arrivals aud
for spot centriiugals close at 2.0eC. g.
and (. for Cubas. equal to 3.i2c. per H.
landed for 80 test. against 3.3SC. per ID
last week. March was sold at 2.O9c
G. and T.. and later at 2l25c.. c. and f..
and April at 2.i2Tc. c, and (. Case
landed. both months, closing strOnl
.at the advance.
7 Cuba receipts continue at the high
est point, say $4,000 tons for the week
Receipts in the L. 5. also are large
say G3.GiO tons.
News from Brazil ana PernambucC
Is that an abnormal demand has de-
yeloped south, principally for whit,
sorts, which has caused q rapid ad
vance In values in those sections
Jayas for future shipment are held al
)s. cd, e. and E., equal to 3.SGc. landed
basis 96 test.
IL has been asked why. with such ;
great difference between the price o
Cuba sugar and the price of beet sugar
does not the Cuba sugar go 10 EurUp,
instead OF coming here? AS u matte
Of fact some 100000 bags OF Cuba cen
trifugals have been bought in Cuba b!
Europeans, but II cannot yet be state,
that the sugar will be sent to Europe
There is apparently ACC. to 4Oc. pc
100 lbs difference in parity value he
tween Cuba and Europe, but this 1
only apparent and not real as, II ia
sugar is sent to the U. 5. there Is 3
cts. per 100 lbs. reciprocity advantage
which Is lost to the planter If sent else
where. In addition to expense of Z,
rer 100 lbs. extra freight on shipmen
to Europe.
lnasmuch as all centrifugals from al
other countries than Cuba have To b
sold on eqdiyalyi,t Of Cuba basis, ther
Is no advantage gained by Europe buy
Ing from Cuba that is not already pos
sessed by buying from other countrie
such sugars as they actually consume
but there may be decided adyantag
buying Cuba sugars and not shippin
them to Europe, but holding them /
Cuba or the L. $. until the parity q
beet and cane comes together. Cub
sugars, In other words, have become
much bcttcr source Of speculation n
the moment than are beet sugars,
the Cuba sugars are held for final shiI
ment to the u. S.
NF"F'r Rent cards en- sale q