The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1907-09-18
SUGAR
willet & Gray. New York, Aug. ..

WiIlet < Gray. New York, Aug. -
The Week.-Raws: Advanced .o5.
Refined: unchanged. Net cash quo
tations this date are; Molasses, 3.93o.;
Auscovado, SAC; centrifugals, 3.93s.;
granulated, z.65c. Receipts, ~, AS tons.
Meetings. 10000 tons Total stock IN
four ports, 2s4, PCS tons, against 2S3,S73
tons last week. and 270,S 35 tons last
year Beet sugar quotations, f. Q. b.
Hamburg, IS. II Lid. per ewt. for SIS
deg. analysis, without bounty, equal
10 4.09c. for IS test centrifugals al New
York First marks German granuIat-
ed {. o. b. Hamburg lis. lad, with
out bounty, equal TO 4.62c. New York,
duty paid.
Estimated ahoats to the United
States from Cuba and West Indies.
$1,000 tons; Hawaii, 45, 600 tons; Java.
$4,000; Peru, Sc, 1000 tons. Total.
100000 tons, against 215,oo0 tons last
year.
Statistics by Special Cables.-Cuba;
The six principal ports. Receipts
none; exports. 1880 tons: stock, So
Coo tons, against 1884 tons last year.
No centrals grinding against last
year.
Stocks in the United states and
Cuba together OF 37G,29S tons, against
5S2,S73 tons last week and 1866 tons
last year, an increase Of q, 629 tons
from last year.
Europe: Stock in Europe. 1921, 900
tons, against 1,5S2. Geo tons last year.
Visible SuppIy.-Total stock Of Eu-
rope and America, 1.607, 298 tons,
against 1,92S.669 tons last year at the
same uneven dates. The decrease Of
stock is 521,371 tons, against a decrease
of S20,47S tons last week. Total stocks
and afloats together show a visible
supply Of 1872, 29S tons, AGAINST 2.51S.-
500 tons last year, or a decrease Of
331, 81 tons.
Raws.-The market for raws has
taken a turn for the better. An ad-
vance of .03c. in spot quotations has
been established on sale at 3.92c. for
and, although reported transactions
are not large, the undertone has be-
come strong.
The strength Of the position is due
to the decrease in the visible supply,
to the unfavorable reports of the new
crops of Europe and Cuba, and to the
eA@@AOAA Va Liz AAicAA1SaAN SOAAA2AA1S~~CAA
of the Brussels Convention accepting
England's proposal and renewing the
convention until September /. 1913.
Offerings of Cubas have been very
light and limited in the main to slice.
C. & f.. IS deg. test, equal TO S.95c. for
So deg. test.
Receipts at the u. S. Atlantic ports
for the week were 1916 tons smaller
than those of last week, and only 42s
tons more than requirements for melt
ings.
In Cuba, the stock at the principal
ports is reduced TO $1,000 tons, and
according to our cable, rain is wanted
for the growing crop.
Mr.. LIGHT cabled US early in the
week and also toward the close, that
the weather was unfavorable for the
growing beet crops Of Europe.
The London market advanced on
heavy buying by English refners, re-
acting only on beet, the closes being
Sd. higher for cane, and unchanged
for beet compared with last week.
Prompt beet is now quoted at
IS. IL lid, which is the parity OF
4.09c. for centrifugals at New York,
or Tic. above current quotations here.
This difference viii certainly become
smaller as the activity on this side
increases. Quotations for beet futures
are 9s IL lad. for January-March and
los Lid. for May deliveries. Con-
tracts for February beet are offered
at 9s. II lid.
Refined.-A more cheerful tone is
noted in financial, az well as other
markets of the country. and We may
say that the demand for refined su-
gar is picking up, the deliveries show |
ing a distinct gain.
We are looking for further increase |
in the calls for shipment next week. |
the grocers carrying stocks being |
much reduced.
General requirements. apart from the |
of fruits, are so large that /
contracts for sugar are now running /
out and their number will constantly /
grow.
Raws are now quoted at S.92c. and /
are held at close to &C, which was /
paid, and if the normal mar
gin of .90c. to 1.00c. is added, the price
IF graduated should be around 4.9oc.
net cash, instead of 4.65c- to 4.75c. net
cash, as at present. Based on the
strong and advancing market for
,aws the tendency Of refined is up
ward.