The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1907-09-02
No centrals grinding against last

year.
Stocks in the United States AM
Cuba together of 39o. e02 tons, agains
421, 944 tons last week and 405, 1894 ton.
last year. a decrease of 14,762 tom
from last year.
Europe.-Stock in Europe, 1,2S7, 0Ot
tons, against 1.62S.000 tons last year.
Visible Supply.-Total stock of Eu.
rope and America, 1,677,902 tons
| against 2,033,66 tons last year at the
| same uneven dates. The decrease OF
| stock is 355, 1852 tons, against a decrease
| Of 3S3,946 tons last week. Total stocks
and afioats together show a visible
| supply of 1,Ss7,902 tons, against 2,223,-
| 664 tons last year, or decrease of
| 335, 762 tons.
Raws.-After a long period of mac
| tivity, holders became tired and, at
| the close of the week they forced un-
willing buyers to accept 10000 bags of
Cuba sugars. with the result that spot
quotations show a decline of 1-16c. on
centrifugals and Slice. on molasses
sugars. The centrifugaIs were sold at
1-2c. C. & f., basis s. deg. test, equal
TO 3.s9c. landed for SO deg. test, and the
molasses sugars at l 13-16c. c. & f.,
basis So deg. test, equal to Sc. landed
for SO deg. test.
AS the outlet for the refined product
is very small at present, the refiners
prefer to simply reduce MEETINGS and
remain out of the market for raws,
meanwhile; but, if sellers exert pres
sure in offering their holdings at such
a time, they must expect to allow the
buyers a sufficient concession in price
to offset the cost of carrying the SUI
gars until needed.
Javas are thus far firmly held at
los. 41-2d. c. & f. for August ship
ment and los. Cd. c. f. & i, for sugars
af1oat, equal to 3.9Sc. landed, basis SO
deg. test, with buyers views around
los. c. & f., equal to 3.91c. landed.
The first of the new Java crop has
arrived at New Orleans, amounting to
6400 tons, per steamer Cameta, and
will appear in next weeks figures. One
or two more cargoes are on the way
to the same port. Arrivals of Javas
at the Atlantic ports will begin with
in few days and continue for some
time, to the extent of 10 to $1,000 tons
weekly average.
Receipts at the United States Four
Ports for the week were within 1900
tons of the requirements for MEETINGS,
which are being moderately reduced
each week, and the stocks in hand.
with the afioats, cover the immediate
wants of refiners fairly well. The de-
mand for future supplies depends
largely upon the movement of refined
sugars, and if the latter does not show
activity soon it will not be necessary |
to bring quite as much from Java and |
or Europe this year as was recently |
In Cuba the total receipts at all /
ports to August 1st amounted to L.
399,049 tons and the stock of the island
On that date was $4,000 tons.
Our cables report the weather I'M
favorable for the Cuba crop and fav-
orable for the European Beet crop.
The London market remained UNI
changed at 9s. Cd. for beet throughout
he week, the firmness being influence
I'd by the generally strong statistical
position and by the intination that
Russia will become a party to the
Brussels Convention.
Futures are quoted at 9s. 3-4d. for
February and IS. 10d. for May.
Brussels onvention.--London, July
L, 1907.-The Standard publishes to-
lay a telegram from its Paris Cor
and containing informa- !
ion which, il correct, must be con-
idered of the greatest Importance.
We extract the following therefrom:
''It seems clear that England will :
ontinue to adhere to the Sugar Con-
-ention but will be exempted from 4
pplying its penal clauses, but we are
eft to puzzle over the nature of the
recautions that have been. or are to
e taken by the sugar-producing /
tates to protect themselves against
he re-opening of the English market
D bounty-fed supplies. The secret is u
ealously guarded here, but there is
n impression in commercial quarters 4
nat Russia has either been persuad-
d to adhere to the Brussels Conven-
ION, or to agree not to take advantage
f the opening of the British market"
London, August 2, 1907.-vThe Brus-
els correspondent of the Daily Tele- 4
raph cables as follows:
ednesday.-Tonigat the Etoile
eIge definitely confirms the state
ent that the Russian government mas 4
minated that it will adhere to the
Sugar Convention. The
sreement of the Russian government
i'll, in all likelihood, tighten the la I
1rs of the Brussels Permanent Com
ission. as Russia is the only country
hich has really important exports of :,
,unty-fed sugars