Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1907-01-14
SUGAR FOR 1907
Continued from page 81


abundant. Cane markets became n.
strong and Boots moved IN
with them American rpfiu-
ors made further purchases Of the lat.
ter, paying cg hiRh as 81 Cd T. o. b. and
the demand for cane sugars advanced
Cubis to 2.G5c. basis ~ degrees. aud
the spot market 10 &c. The advance
was accelerated by alarming reports
Of an insuTroctiOn In Cuba and bv fears
that the Insurgents would destroy
cane fields and factories
Before N" middle Of September the
Cuban situation became extremely
critical ana martial Law was proclaim
cd In several provinces. United States
ronncrs prepared for the worst by
maxim" large purchases Of Cane and
Beet. which advanced the spot market
10 i.l2c and Bncts 10 lJs ID. f. q. %.
On Saturday. 18th september. Pres.
idnnt Roosevelt intimatpd 10 the Gu
ban Minister nj Washington that the
United states would take steps 90
bring about pence and 10 preserve co.
dor When this became known on tho
l7th. the aspect Of all sugar markets
changed. Holders who had kept bac.
their sugar. and spectators who had
bought under the stimulus OF Cuban
disturbances. began 10 realize. aud by
the end II the month Beets were down
TO o. 10 l.2d (. q. b. ana spot Contrir.
ngals To- / UGC. Encouraged by the re-.
turn Of peace and the prevalence Of
good weather. Cuban planters began
to put forward sugars Of the coming
crop. ana before the end Of September
Bal"s Of new crop. DuccmburJanuary
.hipmuut were made at . l-2c g. T.
lupual 3.Sjc landed.
By Sth October prompt BuptB had
declined to 9s 3 3.Id. T. q. b. This
was succeeded by recovery tO %
l2d (. %. D.. but a rapid decline fol.
lowed and prompt was down tu SIS
I'D by 3lst October. Durinr dis
decline our rchncrs bought ~ Europe
at prices below the parity Of spot 80.
EHrs here. Before the end ~ The
month the Last OF the stored sugars
belonging 10 importers were sold, aud
importers stocks became nil. aB com.
pared with 800 tons at same time
last year. The spot market declined
To 3.9jc, and new crop Cubas for Jan.
nary shipment were sold at . 3-SC e. f.,
equal .7ac landed.
In November spot prices gradually
declined to 3Slc. bW recovered ia
G.Sic. new crop Cubas mean while sell
ling nj . 3.SC g. {. December. but rccoy,
Iorlng to . T-lGc. At the end of the
month two estates were grinding IN,
jonly recorded instance In which grind
ing has begun before December
December opened with a strong de
Imand, during which rchnurs made
large purchases Of new crop Cubas
paying . lie g. T. for December. 7.lGc
IC. T. for January. 3-Sc g. T. for Fcbru
larry aud 2 Bloc g. +. for March ship
mcnt ON 10th inst, Il forced pur,
chase by rolin"rs in mood Of ready 81
gurs advanced the spot market Il
3.S7C. Later movements have been In
favor Of buyers, January Cubns haynp
been sold at 3-iGc g. T. and Porto
iIticos afOat at equal to 3.5Sc landed.
The impOrtations AZ the Atlantic
ports between lst January and 2Gtl
December. when compared with III,
| whole Of last year. show an Increase
~ dp,UOO tons foreign sugar and a de
crease Of $500 tons domestic tLouis
| lanai. ..
The imports Of foreign free sugar
show an Increase of 7l.iUO ions IL
Porto RicUa ana a decrease of 1896
tons in llawaiians. In preferential
there is an Increase Of II BOO tons
from Cuba and a decrease Of i4,SOt
tons from the Philippines. IN sugar,
Ipayilg full duties there Is the marked
decline Of 1871 900 tons In the receipts
from Java and the notable increase %
1871. 900 tons In the imports of Bccti
from Europe.
The growing trend of the United
States towards drawing all it's supplies
lOf raw sugars from It's own depend
cncics and from tarin'priyilcged cOun
tries, IL evidenced by the fact tina
thcrf has been an Increase of 80 10,
tons In the importatinns of duty.fre'
sugar aud Of 32,7OO tons Of tariif-pro
icrrcd sugars, while there has been
decrease Of $4,000 tons in the import
of sugars paying fun duties.
We shall start 1907 with no old Gro
sugars In cuba, rs against $4,000 ton
ON LIST January 1906; no stocks In I'm
pOrtors' hands rs against $4,000 tons
aud with rchncrs' stocks at about 1872
600 tons, or practically the same as
year ago We shall also start wit
prices at such a moderate level as /
encourage buying and the carrying q
full stocks by refners and also by dis
tributOrs.
Since our last weekly report, date
2lst instant, the value of spot sugars
which for some time had been nom
nal. was fixed At 3.5Sc by sale ,
$1,000 bags porto Ricps, ready TO clea
No actual spot quotation had bee
made sine" the sale of Il Java carg
ION 10th instant at 3.S7c landed.