Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1907-09-17

raw sugar market.
VISIBLE SUPPLY.-Total stock OF
Europe and America, 1907 ,29s tons.
against 1,92s,669 tons last year at the
same uneven dates. The decrease of
stock is 321,371 tons, against de-
crease of 320,47S tons last week. Total
stocks and aHoats together show a
visible supply of 1.S27,29S tons,
against 2,l5S,669 tons last year, or a
decrease of S31,37l tons. ,
RAWS.-The market for raws has
taken turn for the better. An ad-
vance of .03c In spot quotations has
been established on sale at 3.92c for
DC test, Porto Rico Centrifugals, and
although reported transaction are not
large, the undertone has become
strong.
The strength of the position is due
10 the decrease In the visible supply
To the unfavorabe reports OF the new
crops of Europe and Cuba, and to the
action of the Permanent Commission
OF the Brussels Convention accepting
England's proposal and renewing tho
Convention until September /, 1913.
Offerings of Cubas have been very
light and limited IN the main to
9-1Gc C. & f., 95 test, equal to 3.95C
Cor 80 test.
Holders of Javas received much en-
couragement from the news that two
cargoes afloat had been sold to United
Kingdom buyers on private terms
which, based on the London quotation
'floating-landing," were believed to be
the parity of los AID, c. I. & l., to
United States Atlantic ports, or equa
to 3.9Gc. duty paid, for SO test. The
lowest price now asked is los I'D
c. & L., to United States, equal tC
4.02c, duty paid, for SO test, with
buyers here now showing more inter
cat. The last reported sale of Java
to American refiners was at los Cd
C (. & L.. equal to 3.9Sc duty paid.
Receipts at the U. s. Atlantic port
Tor the week were 1916 tons smaller
than those of last week, and only AL
tons more than the requirements FOL
MEETINGS.
In Cuba, the stock at the principa
ports Is reduced to $4,000 tons, anC
according to our cable, rain Is wanted
Tor the growing crop.
Mr.. LIGHT cabled us early In the
week and, also, toward the close, that
the weather was unfavorable for tho
growing beet crops of Europe.
The London market advanced or
heavy buying by English refners, re-
acting only on beet, the close being
Sd higher for cane, and unchange fol
beet compared with last week.
Prompt beet is now quoted at 81
MD, which is the parity of i.O9c fol
Centrifugals at New York, or liz
above current quotations here. This
difference will certainly become
smaller as the activity on this sid
Increases. Quotations for beet futures
are 9s MD for January March ant
los ND for May deliveries. Contracts
for February beet are offered at 81
ND
REFINED.-A more cheerful tone Il
noted in financial, as well as othel
markets OF the country, and, we may
say. that the demand for refined suga
is picking up, the deliveries showing I
distinct gain.
We are looking for further increase
in the calls for shipment next week
The grocers carrying stocks being
much reduced.
General requirements, apart from
he preserving of fruits, are so larg'
that contracts for sugar are now run
ming out and their number will con
stantly grow.
AS a rule, the demand Is heavy dur
ing September and October, resulting
in vexatious delays In shipments; 1
would therefore be advisable for buy
ers to order their supplies In goo'
season.
As far as prices are concerned the.
may be considered safe. The loves
quotation Is 4.7Oc, less per cent casl
for GRADUATED named by Federal 70
prompt shipment and, the sellini
price of the American, Howell and Ar
buckle is Assoc, less per cent cash 70
either prompt or delayed shipment
We can say that there Is no LIKELIHOOD
whatever of any reduction from thes