Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1907-05-04
SUGAR



Willett & Gray's Sugar Trade re.
port for April II has the following
VISIBLE SUPPLY. - Total stock
of Europe and America, 3,733,579
tons, against 3,976,332 tons last year
at the same uneven dates. The de-
crease of stock is 242,753 tons,
against decrease of 211,927 tons
last week. Total stocks and afloats
together show a visible supply of
5,S13,579 tons, against 4,0S1,332
tons last year, or decrease of 267.-
753 tons.
RAWS.-The notable features of
the week come from Cuba, which now
absorbs all attention both at home
and abroad. AS a result of a discon-
tinuance of work by 1 8 centrals, and
/ large reduction in receipts at ship
ping ports, the European markets ad-
Vanced 1 I'D. over night and main
tanned the advance at the close at
IS. 3D.. for Beet sugar, equal to 3.93c.
per lb. for Centrifugals.
An active demand also set in here
1or Cuba sugars and all available
parcels were quickly absorbed by re-
timers for both immediate and future
delivery.
The sales at the close comprise
some $4,000 bags for nearby and
prompt~shipment at the equivalent of
1913 l-2c. landed for 96-degree test.
and a cargo for May shipment at
3-Sc. per ID. C. & f. for 95-degree
test, equal to 3.71c. landed for 90
degree test.
Buyers would be pleased to accept |
June shipments, but thus far none
have been offered.
In view of the large stock of sugar
now in Cuban ports it is not to be
expected that any sudden or impor-
tant advance will follow at once,
but a good healthy, steady and firm
market with gradual advancing ten
dency can be confidently looked for.
The American Beet sugar industry
will be the largest benefactor by an
advancing sugar market throughout
the world, as it will receive the full
benefit of the rise in raw sugar as
we'll as in refined
In London the market is quiet and
:teady, operators being disposed to
wait the bringing in Of the Budget
he ,r4
inown whether any change is to be
made in the British tariff.
According to the latest advices it
S generally expected that the Euro
)ean beet sowings will show an aver
lge increase of 5 per cent. over those
If last year, which would be moder-
tie.
1t is rumored that two steamer car
goes of Java Centrifugals have been
old to- spectators for June-July
hipment at / 0s. 12d. C. & f., equal
o 3.94c. landed basis 96-degree
est.
CUBA CROP.-The crop accumu- 7
alton reached it's height and began
he descending scale in weekly pro-
uction during the week under re-
lew.
The reduction of eighteen centrals
t work and 21,000 tons in receipts
Ias not unexpected by us, as our in :
for some time has pointed
0 a sharp change in conditions dur
lg this month. Ct
We expect to see the crop returns =
row materially smaller each week
ntil the cad Ct the campaign. At
lst what rate of decrease this will
rove to be is impossible to say or h
)recast, hence we will keep to our n
'op estimate of 1,25O,O0O tons min
mum until such time as the visible
'op approaches this amount; after
hich we will add the weekly re-
'ipts if the visible exceeds our esti- t
ate. II
The present visible is 1865. 900 h
ms, requiring 1855, 900 tons more to h
Implete a crop of 1,250,00O tons. II
Much depends upon the time when
le general rains set in and put an h.
Id to grinding The season thus far
rs been so abnormally dry that an Il
INC fu inv II