The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1907-10-16
SUGAR MARKET
AND WORLD CROPS
CUBAN CROP ABOUT $50, 700 TONS
LARGER THAN LAST YEARS
CROP WAS.

CROP WAS.
The following is from William. Di-
mond e Companys latest market cir
cular
Sugar. The California ana Hawaiian
Sugar Refining Co. reduced prices in
the local market September 18th 10
points, excepting beet granulated.
which they reduced 20 points on that
occasion The Refinery again re-
duced prices 10 points September 25th
followed by another reduction of 10
points September 9th, but a cores
ponding advance of 20 points was in
stituted October It'll by the California
and Hawaiian Sugar Refining Com
pany. Similar changes were made for
Alaska and Hawaii, the last list of the
California and Hawaiian Sugar REIN
ing Company quoting Dry Granulated
at 5.1Oc for the localities in question.
The Western Sugar Refining Com
pany' instituted successive alterations
in list prices, similar to the changes
promulgated by the California & Ha-
waiian Sugar Refining Company.
Willett & Gray report L. S. ports.
in all hands, estimated September 25th
234,921 tons against 211,615 tons same
date last year. Six ports Cuba, esti-
mated September 25th, $4,000 tons "a
gainst $4,000 tons same date in 1906.
United Kingdom, estimated September
1st-bonded stock-1O3, 900 tons against
1890 tons previous year. Total stocks
in all the principal countries by cable,
September Goth, at latest uneven dates.
1,132,92 tons against 1,296,615 tons,
decrease from last year 1875, 694 tons.
Sugar crops of the world-total cane
sugar crops TX. & G)-5,O 32, S63 tons
European Beet sugar crops IF. o.
Licht) - September - 100000 tons
United States Beet sugar crops CIV. e
G)-July and October, 433, 010 tons.
Grand total cane and beet sugar, 49,
165,S73 tons against 12,147 ,521 tons
estimated increase in the worlds pro-
NhCAAOAs losooA NOll0s
Eastern and Foreign Markets: A
quiet steady market for raws has pre-,
vailed throughout the period under re-
view. Quotations tapered off slightly
during August, but co-incident with an
enhancement of value in Europe, prices
in this country regained their former
footing. Although refiners have at
times displayed apathy, due in part to
the disappointing demand for the re-
fined product, on the other hand no
particular pressure to sell has peen
manifest, while at all times the under
tone has been healthy The market
for raws closes steady, as per latest
mail advices from New York under
date of October Bird transactions having
recently transpired at the current quo
tation of g. Csc for SO deg. test.
1t is thought that the Cuban crop
will be late this year, and therefore the
pressure of sugars from that quarter
will not be felt as early as usual.
Meanwhile, however, .refiners are at
liberty to draw from the Louisiana
crop, which is expected to be the larg-
est on record
The final out-turr o. the Cuban crop
for the campaign now closed is 1,427,-
673 tons against 1,178,749 tons last year
Latterly European beets lost the ad-
vance which they had formerly made,
and the drop is reported to have been
caused by the favorable weather in
Europe. According to cable advices
since received, however, as indicated
above, European beets are again firIner
while the future course of the market
abroad, it would seem, will be influence
ed in large Measure by weather condi-
tons affecting the crop.
The latest estimate of r. o. LIGHT of
the European beet crop is $3.50, 000/G,-
100000 tons, making the average say
6,465,0OO tons, against last years crop
of 3,635,OOO tons.