The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1907-06-01
SUGAR
Willett & Gray's Circular.

The Week.-Raws: Advanced. .o45c.; !
reacted, .015c. Refined: Advanced. .15c.
Net cash quotations this date are: Mo-
lasses, 311c.; Muscovado, 1850; CEN
trifugals, 3.S6c.; graduated, 4.S5c Re-
ceipts. 1851 tons. MEETINGS, $4,000
tons. Total stock in four ports. 356. i66
tons, against S43,7775 tons last week, and
346202 tons last year. Beet sugar quo
tations, f. o. b. Hamburg, es. 10 La.
per cwt. for SS-deg. analysis, without
bounty, equal to 4.07c. for 96-deg. test
centrifugals at New York. First marks
German granulated, f. o. b. Hamburg
lis Sid, without bounty, equal 10
459c. New York, duty paid.
Estimated afloats 10 the United
states from Cuba and West Indies, 40
900 TONS Hawaii, $4,000 tons; Peru, etc,
5000 tons. Total, $4,000 tons, against
lis, 900 tons last year.
Net Cash Prices Refined.-It is gener-
ally understood the lowest price named
for refined here is basis of graduated,
in barrels at 4.S5c. net cash, quoted by
all refners.
statistics by Special Cables.-Cuba-
The six principal ports: Receipts, a.
900 tons: exports, 2S,S00 tons; stock
4140O0 tons. against 911,000 tons last
year: Is centrals grinding against 164
last year.
This weeks summary of the statlsti~
cal position shows stocks in the United
states and Cuba together of UO.466
tons, against 759,775 tons last week and
60, POP tons last year, an increase OF
49, 64 tons from last year.
Europe-Stock in Europe, 2,45S,0OV
tons. against 2,S42, 900 tons last year.
Hamburg cables shipment of 80 tons
refined sugar to United States foi
week
Visible Supply.-Total stock of Eu'
rope and America, 3,22S,466 tons, against
3.499, 202 tons last year at the same
uneven dates The decrease of stock is
/ 270. 736 tons. against a decrease of 294,'
/ 1872 tons last week. Total stocks anc
! afioats together show a visible supply
J of 3.31S,46 tons, against 3,624,ZO2 tons
last year, or a decrease of 3O5,736 tons
Raws.-During the week under re
! view the raw sugar markets, ooth d
i home and abroad reached the hlghes
point of the campaign, beet sugar be
ing quoted at los. Lid. and cen
! trifugals at 9.S6c. per Id. for 96-dee
test on the spot, with large sales o
Cubas for June shipment at 5-SC
G. and f.. basis 95-deg. test, equal I
401c landed for 96-deg. test. Port
Rico centrifugals for June shipmen
have been sold to New Orleans at a
for 96-deg. test.
A natural reaction followed the cor
tinued advance in Europe, the clos
, being at 9s. 9 1-2d. for beet sugar.
In this market trade came to sto
for while, partly because of Europ
but more because of the continuan'
of the longshoremen's strike. whic
makes difficult the receiving of sugar
by refiners.
At the close the market is distinct
weaker, there being a number of seller
! on basis of 9-16c., 95 deg. test. Il
June shipment, which refiners refu:
to pay. We look for a decline veI
soon. If it has not already occurred,
a slightly lower basis.
l Although the Cuba centrals are clio
ing down rapidly, as expected, yet
Is learned that planters holding =
: sugar on estates are considerably larg'
L than was indicated a few weeks ag
These are now appearing in the
. ceipts. and make it necessary for I
U To increase our maximum estimate
Y the Cuba crop to 1,375,OOO tons. II
). total receipts to May 1st amounted
], 231, 1877 tons and the visible productl'
to date is 100000 tons.
No business in Javas is reported IN
p week, holders views now being lOs.
C. & f. for June-July shipment, ecu
: to 4.OSc. landed, basis SO deg. test.
Refined.-The general improveme
. in prices looked for at the. close
= last week took place this week, b
Il ginning with advance by Federal
i 5 points, followed by all the retnerl
L marking up their lists 10 points to bas
u of granuIated at 4.90c. less l per Gel
i cash. Opportunity was given puye
u to make contracts on the old ba'
Il with usual guarantee.
A very fair new business was DOL
IL while the Withdrawals were recelV
in large volume, lea .ig but few
- contracts still open.
l. The strike of refinery laborers y
III been settled, but there are still Sol
difficulties attending the handling
~ sugars on the docks, causing seVe
- DAYS delay in shipments.
Is A few jobbers who had engaged Il
= ger supplies than they could handle
~ their regular trade have been onerl
ST some of their sugars to other jobo
II at a concession in price, in order u
III deliveries might be made before
y piration of their contracts with
III refiners. This practise of overload
II and, irregularly unloading is Del
discouraged by the refiners and pr
ers. as it tends to demoralize a mari
which, in the natural course of ira
would be firm.