The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1907-09-20
SUGAR FUTURE
LOOKS BRIGHT
Tone and Tendency in Europe Is
Toward a Constant,
Steady Advance.

NEW YORK, September 5.--Willett
& Gray's Journal of this date contains
the following sugar news:
The Week.-Raws: Unchanged. Re.
fined: Unchanged. Net cash quota.
tions this date are: Molasses, 3.06c;
muscovado. 3.42c.; centrifugals, 3.92c.,
granulated, 4.65c. Receipts, 1858 tons.
Meetings., $4,000 tons. Total stock in
four ports, 2S3,917 tons, against 2S4, 29S
tons last week. and $50. 434 tons lass
year. Beet sugar quotations. f. o. b.
Hamburg. los. Sd. per cwt. for 8S-deg.
analysis, Without bounty, equal to 416c.
for So test centrifugals at New York.
First marks German graduated, f. o. b.
Hamburg, IFS. 3D., without bounty.
equal to 1850. New York, duty paid.
Estimated afloats to the United
States from Cuba and West Indies,
5000 tons; Hawaii, 10000 tons; Java.
175,000 tons; Peru, etc., 1000 tons. To-
tai, $4,000 tons, against 225,00O tons last
year.
Visible Supply.-Total stock of Eu-
rope and America, 1,600,917 tons,
against 1877, 434 tons last year at the
same uneven dates. The decrease of
stock is 27O,517 tons, against decrease
of 321.31 tons last week. Total stocks
and af1oats together show a visible sup
ply of 1,S40.917 tons, against 2,106,434
tons last year, or a decrease of 265, 517
tons.
Raws.-It is significant of the general
situation for sugar to say that beet
sugar was quoted last week at IS.
IL lid. and is quoted now at los. Sd.
per cwt., 8S-deg. analysis, equal to 4.16c.
per 10. for Sc deg. test centrifugals.
Owing to the absence of disposition
of refiners here to make offers the
quotation for eentrifugals remains the
same as asked last week, say 9-16c.
c. and f. for 95-deg. test Cubas, equal
to s.95c. per Id. duty paid 96-deg. test.
The difference of 024c. per ID. in par
ity marks the difference of sentiment in
the two markets.
In Europe the tone and tendency is
towards a constant, steady advance.
Here the disposition is to follow Eu-
rope as slowly and conservatively as
practicable.
This means forced paying of higher
prices for raw sugars in the future, and
a corresponding increase in the value
of refined. The latter has been me-
elected too long by many buyers and
it's consequent dizziness keeps our raw
market so far below Europe.
Decreased MEETINGS keep stocks at a
maximum under continued liberal re-
ceipts, so that, as already said, there
is no disposition of buyers to purchase
other than for anticipated require
ments.
Java sugars have moved away from
last weeks quotation on sale of cargo
to Europe at equal to los. I'D. C. j. f.,
and are now offered at los. 3D. c. i. t.
96-deg test here without buyers, equal
to 4.O3c per ID. duty paid.
The news cabled here during the
weeks was unfavorable for growing
crops of beets and cane, which effected
abroad an active speculative demand
for contracts at advancing quotations.
1t is a long time since the sugar
market as a whole has taken on SO
firm an appearance of stability as now
appears.
Receipts for the week were 1858 |
tons, MEETINGS $4,000 tons; total stocks
2S3,9 17 tons, against 250,434 tons stock
last year.
Quotations for beet futures are los.
4d for January March. los. lid. for /
May.