The Hawaiian gazette., 1907-06-04
SUGAR
willett & Gray's Circular.

The week-Raws: Advanced. .O45e.
reacted, disc. Refined: Advanced, .15c
Net cash quotations this date are: Mo.
lasses, allie: Muscovado. 3.36c.; cen
trifugals. 3.s6c.; graduated. 4.S5c Re-
ceipts. 1861 tons. Meetings., 34,0O'
tons Total stock in four ports, 356. 4G'
TONS against 343.775 tons last week. and
345,202 tons last year. Beet sugar au0-
tations, f. o. b. Hamburg, IS. 10 La
bounty, equal to 4.07c. for 96-deg. test
centrifugals at New York. First marks
German granulated, (. o. b. Hamburg
lis. s 34d., without bounty, equal to
459c. New York, duty paid.
Estimated afoats to the United
States from Cuba and West indies, 49,
600 tons; Hawaii, $4,000 tons; Peru, etc.
5000 tons. Total, $4,000 tons, against
$4,000 tons last year.
Net Cash Prices Refined.-It is gener-
ally understood the lowest price named
for refined here is basis of granulated.
in barrels at 4.s5c. net cash, quoted by
all refiners.
Statistics by Special Cables.-Cuba-
The six principal ports: Receipts, 22,-
900 tons: exports, 23,S00 tons; stock.
$4,000 tons, against 3l1.0G0 tons last
year: 2S centrals grinding against 1854
last year.
This weeks summary of the statisti-
cal position shows stocks in the United
States and Cuba together of 77O.466
tons, against 759,775 tons last week and
657 ,202 tons last year, an increase of
113.264 tons from last year
Europe-Stock in Europe, PASS, 900
tons, against 2s42.O 900 tons last year.
Hamburg cables shipment of so tons
refined sugar to United States for
week.
Visible Supply-TotaI stock of Eu-
rope and America, 1925. 1855 tons, against
3,499,202 tons last year at the same
uneven dates. The decrease of stock is
270,736 tons, against a decrease of 294,-
1872 tons last week. Total stocks and
afioats together show visible supply
of 3,3lS,466 tons, against 3,624,202 tons
last year, or a decrease of 305,7 1856 tons.
Raws.-During the week under re.
home and abroad, reached the highest
point of the campaign, beet sugar be-
ing quoted at los. Lid. and CEN
trifugals at 3.S6c per lb. for 96-deg
test on the spot, with large sales of
Cubas for June shipment at 5-Sc.
C. and f., basis 95-deg. test, equal to
401c. landed for 96-deg. test. Porto
Rico centrifugals for June shipment
have been sold to New Orleans at 4c.
for 96-deg. test.
A natural reaction followed the con-
tinued advance in Europe, the close
being at 9s. I'D. for beet sugar.
In this market trade came to a stop
for a while, partly because of Europe,
but more because OF the continuance
OF the longshoremen's strike, which
makes difficult the receiving of sugars
by refiners.
At the close the market is distinctly
weaker. there being a number of sellers
on basis of 29-16c., 95 deg. test. for
June shipment, which refiners refuse
TO pay. We look for decline very
soon. IL II has not already occurred, to
a slightly lower basis.
Although the Cuba centrals are clos
Ing down rapidly, as expected, yet It
Is learned that planters holding of
sugar on estates are considerably larger
than was indicated few weeks ago.
These are now appearing In the re-
,eipts, and make IL necessary for us
10 Increase our maximum estimate of
the Cuba crop to l,375,0OO tons. The
Total receipts TO May LIST amounted TO
,23l,7s7 tons and the visible production
- date is 100000 tons.
No business IN Jayas Is reported this
week, holders views now being los. Sd.
?. a. I. for June-July shipment, equal
% lose. landed, basis 90 deg. test.
Hehned.'-The general Improvement
n prices looked for at the close OF
ust week took place this week, be-
ginning With advance by Federal Of
points, followed By all the rehneries
marking up their lists 10 points 10 basis |
II GRADUATED al 4e0e, less ! per cent |
ash Opportunity waH given buyers |
70 make contracts on the Old basis
Vim usual guarantee.
The strike pf refinery labarfrs has 4
ieen settled hui there are stu some /
'liheplilts nffenlins lhe banding ~
uHais 90 Tie dnfhH causing several /
aYH delay lH shipments
A faR iapbefH Hh0 had nnRaaea lar
~ supplies ih8n llaY could handle In
heir regular trade ha}e been Offering
zine ~ lhelf FAHafs o. other laplers
Z concession ID price ln nldnf thai
slifflles miHhf De- made before "a
.lfailan - lhsif contracts sin the
fAneH Ihla plaeilse ~ aserleaalag
~. HTfHuiar|k unloading Il halnH
- lhe lsilHffs Hna hFah
-. - Il fanaa b. aemafalisn iaafllal
Inch 10 ihe nainral eeulsf n 4ale
.nnii b. nlm