Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1907-10-26
SUGAR

Cznarikow Macdougall G. Co. re.
port on the sugar market as of Oct. 4
as follows:
SUGAR MARKET.-ourl last re-
port was dated 9th September.
During the early days of the week
the advices of easier markets in Eu-
rope made buyers here even more in
different to offerings of raws than
they had been, and, for time, last
prices were unobtainable. Later,
however. Europe displayed some
strength and a recovery which
brought Beet quotations above the
closing prices Of last week. where
upon one of our buyers came into the
market and took about 1900 tons
Cubas and Porto Ricos In store at
last weeks spot price, 3.95c., basis
90 degrees.
The above sale reduces the I'm
Lorters' stocks in store to 1900
tons, all of which are held for a
slight advance on ruling quotations.
Another Java cargo has been or
dercd to U. K, making five CD car
goes in all. say 10000 tons, which
have been diverted to that market. A
cargo of about 6,100 tons. due end of
this month. has been sold this week
to buyers here at the equivalent Of
our spot market.
As will be seen below, three
fourths of this weeks receipts were
made up of Javas. During the next
fortnight receipts are likely to show
. marked reduction, as only two
Java cargoes will come into them,
namely, a cargo already arrived and
one now due. A Java cargo due end
of this month is offered at los. Cd. C.
j. T., but cargoes for later arrival are,
as rule. held for higher prices.
The market for the time being is a
waiting one. There is no excess of
supplies and no pressure to sell, but
on the other hand there is little in
clination on the part of refiners to
anticipate their wants further than
they have already done. Demerara,
which usually supplies some of reiin-
ers' requirements during the closing
months of the year, and which gave
us 10000 tons In November Decem-
Der lust year, cannot be counted on
this year. II is going to have a very
short Fall crop, owing to a prolonged
dry spell having made the condition
of the canes the poorest In a long
series of years.
Messrs. Guma- Meier have issued
their statement of the Cuban crop for
the past season G9O6-0O, of which
the following are the totals: Centrals,
is6: Bags. 9,993,711; Tons t224O
ibs.J, 1,427,673.
The crop Of 19O5-O6 was 1,17s,749
tons.
European Beet markets were dull
and lower In the middle of the week,
but subsequently recovered and close
at slight advance over last week.
Today's {. o. b. quotations are: Octo-
Der. 9s. ID; November, 9s. 3D.; jan
uary-March, 9s. 10 Lid; May. los.
. I'D
LOUISIANA.-The weather con-
tinues favorable for the growing
crop. Our correspondents advise us
that a few of the planters are likely
to begin grinding about the 10th in
slant.
. REFINED.-Sugars Tor prompt
shipment under outstanding contracts
have been In demand, but there has
been very little new business. Pre-
vious level of prices still prevails,
with The Federal Sugar Refining Co.
10 points below principal refiners.
who quote basis 4.S0c. less per cent.
for Granulated. The latter have
caught up somewhat on deliveries,
Tut are yet several days oversold on
Soft grades, while The Federal con-
tinues one or two weeks oversold.
Receipts for the week at the three
Atlantic ports, 1850 tons. Melt
ings, 1900 tons.