Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1907-05-17
SUGAR


Willett & Gray's Sugar Journal for
| May reports as follows on sugar mar
ket conditions:
! RAWS.-Cuba continues to control
the position of the sugar markets OF
| the world, and as it becomes more evil
dent that requirements for United
States consumption will be largely in
excess of that crop and other nearby
cane crops, the market values continue
TO increase both here and abroad. The
table which we give herewith in this
connection will be found instructive.
Europe gained from 9s. lid. to IS.
Cd. for beet sugar, while for the flu
! ture months a greater gain is made,
beet for delivery next February being
held at 9s. 7l2d, notwithstanding that
Mr.. LIGHT reports weather favorable
| for field work.
The Cuban sellers are gaining con-
hdence all the time as to the improv-
! ing value of the remainder of the crop
land offer now only sparingly and at
very full value.
May shipments in any position must
be quoted firm at 212c C. and f., Sc test
(3.S6c. landed), while June shipments
will bear Lice. higher quotation with
light offerings for both months.
Spot quotations advanced points to
3.765c. on sale of Porto Rico centrif-
ugals, basis SO test, with indications of
q further advance being established
soon.
Only so centrals are now working in
Cuba, against 1870 last year. Receipts
at shipping ports in Cuba were $4,000
tons for week, against $1,000 tons last
year.
No business in Javas has been re-
ported recently, but buyers are expect
ed to show some interest in these sug
ars before long. The last offerings
were at los. Sd. C. and f. (3.97c. landed
for SO test), with sellers now inclined
to ask higher figure.
REFINED.-The backward spring is
responsible for the small demand ex-
perienced at present, but an improve
ment in this respect will be felt us
summer approaches.
However the distribution is very
fair, all things considered.
Prices remain unchanged, basis of
graduated at 4.70c. less / per cent
cash. quoted by the American, Howell
and Arbuckle, and 4.65., less / per
cent, named by the Federal.
Indications are that the market will
continue firm, with a hardening ten
dency, and buyers may consider it safe
to carry full supplies.
In San Francisco prices of refined
t, l. .rI f,N,
ing a total advance by both refineres
of 60 points on standard grades since
April 18th, ana showing more harmony
on the Pacific Coast than has existed
tor more than year. Denver fol-
lowed with an advance of 10 points.
AVAILABLE SUPPLIES TO DE-
GENDER 31st-Now that one-half Of
the campaign Is past and the end of
the Cuba crop is in sight, we can esti-
mate fairly close the requirements of
the United States and the available
supplies to December 9lst, after which
date the next Cuba crop should be COM
ing to market in quantity
The consumption of sugar through
out the United States is, on the whole,
quite satisfactory, indicating total
for the year rather larger than that of
last year.
To meet this consumptive demand
there will be required more supplies
than are available in CUBA, West In
dies and American possessions and the
following table indicates that 376, 1876
tons must be brought from Java and
(or) Europe before the end of Deem
her of this year. We include New Or
leans, as well as the Four Ports, in our
table, as New Orleans drew large sup
plies of beet sugars from Europe last
year.
On the assumption that Cuba will
produce total crop of 1925 900 tons
sugar and will dispose Of the entire
balance OF her crop, we estimate the
following:
Tons.
Total Stock
-Four Ports us, May /, 1907. 319,9SS
New Orleans, May /, 1907 :. 69,516
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