The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1907-08-16
SUGAR LOOKOUT
APPEARS GOOD

Willett & Gray's Sugar Trade Jour
nal On. W of August 1 contains the
following data and comment:
Statistics by Special Cables.-Cuba-
The six principal ports: Receipts.
none; exports, 25.SOO tons; stock, 153, 900
tons, against $4,000 tons last year; no
centrals grinding, against 6 last year.
Stocks in the United States and Cuba
together of 449,O57 tons, against sos, AS
tons last week. and 455.S90 tons last
year. decrease of $3.50 tons from last
year.
Europe = Stock in Europe, 100000
TONS against 2,O4O,OOO tons last year.
Visible Supply.-Total stock of Eu-
rope and America, 2,119,O57 tons.
against 2,495.S9O tons last year at the
same uneven dates. The decrease OF
stock is 1888 tons, against decrease
of $4,000 tons last week. Total stocks
and afioats together show visible sup
ply of 2,329,O57 tons, against 1865. 1890
tons last year, or a decrease of SS6, 1888
tons.
Raws.-During the week under re-
view our markets have oeen fairly
strong to steady. An attempt to ad-
vance prices to &c. after large pur-
chases at basis of 15-16c., 96-deg-
test, was not successful, because Eu-
rope at the critical moment turned
weak and lower for beet sugar, Undue
ing holders to modify their views, and
further moderate business resulted at
the old price. Our buyers now show
but little disposition to operate, except
for occasional small parcels.
The decline in Europe to 9s. I'D.
for beet is due in a measure to the ia
vorable weather now prevailing in beet
growing countries, after several weeks
of low temperature and heavy rains
rhe close, however, is firm at IS. 3D.
We look for renewed activity here
after a while, particularly in view OF
the continued small receipts at the
U. S. four ports; with receipts of only
1889 tons this week and MEETINGS Of
$4,000 tons, stocks are reduced to 1885,,
O57 tons, against 441.S7S tons five weeks
ago.
During the week a cargo Of Javas,
afloat, due to arrive early in Septem-
Der, was sold to Messrs. Arbuckle
Bros. at los. 3D., cost, freight and in
surance, equal 3.9Sc. landed, basis 60
deg. test, and it is rumored and be-
lieved that within the last two or three
weeks about $4,000 tons Javas afioat
and or for July-August shipment, were
sold at los. I'D. C. f. & l., and los
Sd. C. & f., equal to 1850. and 3.s5c-
respectively, basis 96-deg. test, duty
paid. 1t is now understood that nearly
every cargo of Javas shipped thus far
| this season has been placed with Amer
| lean refiners, and it Is interesting to
note the report that three cargoes are
destined New Orleans; in fact, the first
cargo shipped this year is to go there.
Sellers views are now los. Sd. C. f. & l.,
for sugars afioat. and los. 4 I'D. C. &
| f., for August shipment.
| The action of Great Britain in with
drawing from the Brussels Convention
is uppermost in the minds of all Eur
rope and bids fair to completely rup~
ture the entire convention.
The German Ministers Of Agriculture
will petition the Lord Chancellor for
the German Empire to resign from
the Brussels Convention whenever
Great Britain withdraws. The 18th July
is the time suggested for the Brus-
sells Convention to act upon the Brit
ish withdrawal
1t is not likely that this convention
will grant Great Britain the excep-
tional position in the convention of be-
ing permitted to import sugar from
bounty-paying countries free of coun-
tervailing duty.
According to today's cables the
French Government announces its
willingness to adhere to the convention.