The Hawaiian gazette., 1907-03-22
SUGAR MAY
RISE SOON.

wiliett & Gray's Journal OF March
makes the following comments on the
raw sugar market;
The Improvement noted In the cane
sugar market for the past two weeks
continued during the week under re-
view. reducing the difference between
centrifugals and beet sugar to sSc. per
100 lbs. against 46c. last week, notwith-
standing that beet sugar advanced
from ss. 1ihd. to es. o%d. for March
delivery, with May quoted at 9s. 2hd.
spot centrifugals are now aisle. per
H.. duty paid. against a.42c. last week.
The equivalent of s.55c per lb landed
was paid for Cuba centrifugals for late
March shipment.
1.-THE advance has been so rapid for
two weeks and such large quantities
have been placed that a more quiet con-
dltion may intervene before further i'm
provement sets in, particularly as re-
fined sugar shows a less eager demand
at the close.
"A fall off of 5000 tons in Cuba crop
receipts for the week is significant as
being the first indication of probable
exhaustion OF cane in the fields of some
estates. The weekly returns Wilt be
of special interest from now forward
as bearing upon the outturn of the crop.
We see no reason yet to change our
original estimate of 1.25O.00O tons.
Cuba centrifugals have recently
been offered for sale in England at
los. floating. landing. equal to about
&c. in Cuba (. o. b., but we learn of no
sales this week for shipment to Europe
having been made. though few sugars
have gone forward which were sold
canadian buyers have Just accepted
two cargoes of about 10000 bags each.
San Domingo centrifugals, for March
shipment, at 2 1-32c., c. & f.. to New
York.
"At the close, the sales of Cubas are
estimated at 250,OOO bags and includes
aiioats at 5-32c.. basis 96 deg, equal
to 3.51c. duty paid, and at which we
quote spots; March shipment, at 3-16c.
c. & f., equal to 3.55c. duty paid, and
April at exc. equal to 3.61c. duty paid"
Visible supply is thus stated: Total
stock of Europe and America, 3,S26.1S3
ions, against 4,103, ,557 tons last year at
he same uneven dates. The decrease
Of stock Is 277.374 tons, against a de-
crease of 333,530 tons last week. Total
stocks and afioats together show a vis-
Ible supply of 3.926.1s3 tons, against
(. POS, ,557 tons last year. or a decrease
Of 2S2374 TONS"
with regard to refined sugar the
Journal says:
while no immediate advance Is like
" to be made in refined 1t Is evident
from the above that the buyers who
wall of the present quotations to add
20 their stocks to the largest extent
ire the ones who will reap the most
,nefit when the advance comes. while
hose who delay buying until the last
may be left out In the cold.
Having said there will be no imme-
late advance we can add that the
market will show extreme strength
light along and in due time be followed
oy several advances as was the case
Turing the last season.
"Refners influence on the raw sugar
market will be as far as 1t counts.
,long the same lines. A good, strong
ceiling. with advancing tendency. but
Without the violent upward movement
which last year carried prices of CEN
rifugals above 4c. per lb. only to fall
Jack ignominiously.
"a good, healthy trade, satisfactory
O all concerned, is assured for this
a rnpaIpn"