The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1907-11-09
SUGAR

Willett & Gray's Weekly Statistical
Sugar Trade Journal for October "a
contains the following:
quotations during the week under re-
view, and business has been done to a
| considerable extent on the basis of
39Oc per h. for 96-deg. test, mostly
for sugars from store. of which the
supply remaining is now reduced to
327o tons.
European markets suffered further
declines from 9s. 4 1-2d. to 9s. 3D., with
occasional quotations of 9s. I'D, but
closing fairly steady at IS. Sd. per cwt
8S-deg. analysis, f. o. b. Hamburg,
equal to $3.50. per lb. for 96-deg. test
| centrifugals New York,
The figures which we give of the
beet crops of Europe are those of Mr.
F. o. LIGHT, Magaeburg. His compet-
itor on crop estimates, who also stands
high, is Mr.. Otto LIGHT, whose esti-
mates are as follows: Germany, 2,100,-
900 tons; Austria, 100000 tons: France,
$40, 900 tons; Russia, l, 440 900 tons. All
Europe, $3.50, 600 tons. It will be noted
that these two estimates for all Eu
rope agree within about 10000 tons.
We should make a note of the ex-
trenely unsettled and panicky condi-
tions of the Wall Street stock and
money markets, which have scarcely
been as severely felt since the famous
"Black Friday of Jay Gould's time,
and which, at this writing, show no
sign OF abatement. Naturally, atten-
tfor is largely directed to these con-
ditions to the exclusion of regular bus
mess in all branches of trade, for the
time being.
The immediate outlook is for
steady sugar market, with light Of
ferfngs both from store and from the
small balances still remaining unsold
in cane-producing countries, while beet
sugars are still out of reach by reason
of their higher parity of 3.93c. for o.
deg. test.
Refined-There is no change in price
or condition, the only notable feature
being that all refiners are behind, Ito
some extent, in deliveries, but, at the
same time, are calling upon contract
buyers for prompt statement of re-
quirements for shipments under their
contracts. OF course, actual business
is limited mainly to Withdrawals under
previous contracts, while new business
shows no particular improvement.
1t is notable that domestic beet
sugars are being sold now at the high
est relative basis maintained for a
year past and. consequently, results to
the beet sugar industries, of the coun-
try promise to be unusually favorable
for the present campaign.
Our Cane Crop Estimate-In this
number we give our preliminary esti-
mate of the new cane sugar crops of
the world for the season of 19O7-0S, by
countries, amounting to total of l.
1856, 600 tons, showing a net decrease
of 165,936 TONS as compared with the
cane crops of last season.
The important changes are decreases
of possibly 227,000 tons in Cuba and
50, 600 tons in Mauritius and an in
crease of 10000 tons in Louisiana and
,0G0 tons in Java.
1t is entirely too early to make
close estimate of the crop in Cuba, as
it is dependent upon the weather which
may prevail during the next three
months and upon the length of time
suitable for grinding. There was much
less than the usual acreage of cane left
over from last campaign, rain has beer.
deficient, paintings have been less than
normal and We can only say that the
latest reliable reports indicate yleld
this season of /, 100000 to 100000 tons
sugar, according to the length OF the
grinding season, against the last rec
ord crop of /, 427673 tons.
Our American Beet Crop Estimate
We give in this number our prelimi-
nary estimate of the new American
beet sugar crop for the season 19O1-oS,
as being 10000 tons, dependent upon
suitable weather conditions until the
close of the campaign. The production
last season having been $4,000 tons su-
gar under conditions much more ia
vorable than are expected to prevaii
during this campaign. a decrease this
year of 1000 tons, or 3 per cent, is
indicated.
Worlds Production and Consumption
The new cane and beet sugar crops
of the world give promise of a good
3
possibly .946 tons less than those OF
last season. In the 1906-07 campaign
the production was in tons: Cane. T.
361, 1856: European beet, 6,71I000, and
American beet, 300; total, 14,511946
tons While for the new season d90'-
0S) the estimates are: Cane, 1860 oo:
European beet. $500 and American
beet. 420 000; total. 14196.000 tons.
The consumption last campaign was
about normal and the production
very full one. yet the stock in prln-
cfpal countries on September l was
/ reduced from 1903. 701 tons in 1906 to
.264.S tons in 1907.
If the estimated reduction IN new
crops proves to be approximately cor
rect. it may be expected that stocks
next September will show further de-