Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1907-08-01
SUGAR

July Is says of the market:
VISIBLE SUPPLY.-Total stock O
Europe and America, 2,241,5SS tons
against 2,54S,977 tons last year at tn.
same uneven dates. The decrease o.
stock is 3O7, 1888 tons, against de.
crease of 328,65S tons last week. Tota
stocks and afloats together show Wis
ible supply of 2,416,588 tons, against
2,72S,977 tons last year, or decrease
Of 312,3S9 tons. y
RAWS.--The weather conditions In
europe were the prevailing important
feature of the week.
These have had decidedly unfavor.
able effect ON the growing beet crops
All countries report crops backward
AS result we have a change in the
raw sugar market values everywhere
Beet sugar advanced from the low
point of the downward reaction, 9s
SID to IS Cd at the close. Cane sugar
in Europe also advanced 1kd for
Javas. -
European values were reflected here
In decidedly firmer and strong mar
ket tone and tendency without mate
rial advance in established quotations.
At the close, however, 1t is difficult
10 make purchases Of Cuba Centrifu-
gals without notable advance In
price. .t.re
The business of the week has been
done at basis of 3.835c per lb for spot
Centrifugals up to $3.50 per ID for July
shipment, and at Q 1890 C. & f. 95
test, equal to 3.S6c landed 95 test for
August shipment.
1t is thought that 21ac C. & f. 95 was
paid for August and now sellers are
demanding 2 Slice c. G f. 95 test basis,
equal to $3.50 per lb for So test landed.
1t has become evident in view OF
the whole situation at home and
abroad that 4c per Id for 90 test Cen
trifugals is the objective point which
Is likely to be reached for the sales OF
good part of the remainder of the
Cuba crop still on hand.
The visible Cuba crop is 1885, 900
tons, of which $4,000 tons remain in
stock and can secure the improving
prices on the unsold portion.
Java sugar sellers have advanced
prices to los Cd for cargoes afoat C.
& f. 96 basis, equal to 4.02c landed.
July-August shipments are held at
los Sd to los AID C. C f., and August
September at los 1hd.
There is considerable uncertainty as
to the quantity. Of Java sugar which
mas been secured by our refiners. No
actual sales to refiners are reported
here this week although there is
suspicion of some business having
been done privately.
The Java planters have disposed OF
nearly all the sugar available for the
July and August shipments, the, major
portion ofAwhich is understood sto be
held in second hands for sale to the
reiners of America or Europe.
European Beet sugars were offered
here on one day at los C. & f. the
parity of &c landed for centrifugals 96
test
Quite a rapid decrease is noticeable
in the stocks of Cuba and the U. S.
during the past few weeks which is
suggestive and in confirmation of the
expectation of continued improvement;
in prices.
REFINED.-The market for refined
sugars has ruled quiet throughout the
week under review which was only
natural considering the large supplies
engaged last week under the 3O-day
contracts.
Distribution, however. has been 60
ing on at a satisfactory rate, buyers
having been Withdrawing the sugars
literally, while the refiners have man
aged to effect shipments promptly, as
a rule
Prices remain unchanged, basis of
at 1900 less l per cent with
the exception of the Arbuckle product
which is still quoted at 4.80c.
The strength of the market for raws
justifies the carrying of full stocks OF
refined.
BRUSSELS CONVENTION. = The
lction Of Great Britain in practically
from membership in the
Convention is causing a great
ieal of inquiry and speculation as to !
is effect long in advance of the time
when actual conditions will be !
which cannot be until after
September, 1908. But suggestions of
What these changed conditions will
'onsist are wanted. First and fore
most is the beet crop of Russian which
increase some 100000 to 10000 tons
'yer former times and this amount OF