Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1907-06-13
SUGAR

Willett & Gray's sugar circular for
May 20, reports the sugar market as
! follows:
| STATISTICS BY SPECIAL CABLES
-Cuba.-The six principal ports: Re
ceipts, 10000 tons; exports, ASSOC
tons; stock, $4,000 tons, against 319,-
600 tons last year; 10 centrals grind
ing against 81 last year.
| This weeks summary of the statis-
tical position shows stocks in the
| United States and Cuba together of
TAI 1920 tons, against 7SS,451 tons last
week and G7S,91S tons last year, an in.
crease Of G2,902 tons from last year.
Europe in Europe, 2,416,00O
tons, against 2,S13,000 tons last year.
Hamburg reports shipment of 1000
ions raw beet to Canada this week.
VISIBLE SUPPLY.-Total stock of
Europe and America, 1857 500 tons,
same uneven dates. The decrease Of
Dtock is S34,09S tons, against de-
crease of 295,347 tons last week. Total
stocks and afloats together show Wis
ible supply of 3,277,S20 tons, against
3,595,91S tons last year, or decrease
of 31S,O9S tons.
RAWS.-Business of the week has
been extremely limited by the indis-
position of both buyers and sellers to
Bring about any change, either by
pushing sales or making lower bids.
The change in quotations is only
slight, say from 3.92c. per ID. SO test to
3.90c. for spot and nearby sugars, at
which there have been only small
transactions. The change in the Euro
pean beet sugar markets is even less
the daily quotations of los. being quite
steadily maintained. By our cable
from Hamburg 1000 tons of beet sug-
ars are coming this way, but not for
American use, being in transit for
Canada. Probably some domestic beet
sugar factories in Canada are about to
try the experiment of refining foreign
raw beet sugar. having been granted
the privilege of importing same at tho
British preferential rate of duty.
The Cuba crop draws to close, only
ten centrals remaining at work, al
though not interfered with by rainy
weather. Rain is much needed for the
benefit of the next crop. The visible
production this season is now 1895 900
tons.
Holders are now asking 2 9-16c. c..
& f. for IS test Cuba centrifugals for
June shipment equal to 3.95c. landed
for 9j test which is above buyers
views. At the moment no interest is
shown in Javas, of which there are
still sellers at los. Cd. c. and f. for
June-July shipment.
The quantity of Javas required by
America is naturally reduced as the
Cuba production is increased over the
original estimate; on the basis of an
putturn of 1,375,0 900 tons in Cuba, we
estimate that 925,O00 tons Javas and
heets will be imported this year.
The inactivity of raws is due largely
to the continued strikes of dock labor
crs and the dullness of the market for
refined. The tope and tendency is to
quiet and steady market with slight
changes until eventual Improvement
sets in again.
Observation-Disclosures has prevailed
in the market for refined sugars
heavy Withdrawals of sugar supplied
the trade generally for the present and
the recurrence of cold weather tended
to curtail the demand. 1t could not be
expected that the consumption would
be normal, with the temperature II
many sections below freezing during
the last week in May.
If the weather finally becomes sea-
) enable in June, an improvement in
business may be looked for.
A little less delay is noted in refin-
ers' shipments.
No change has been made in quota
lions, all the refiners quoting basis of