Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1907-10-09
SUGAR

Willett & Gray's Sugar Journal for
Sept. &c says of the market:
VISIBLE SUPPLY.-Total stock of
Europe and America, 1,132,921 tons,
against 1,29S.615 tons last year at
the same uneven dates. The decrease
of stock is 165,694 tons, against
decrease of 1926 tons last week.
Total stocks and afoats together
show visible supply of 1,402,921
tons. against 1,52S,615 tons last
year, or a decrease of 125,694 tons.
RAWS.-During the week under
review the raw sugar market has re-
manned unchanged. The few sugars
offered have been readily taken by
refiners and more could have beer
sold at the current quotations which
are 9-16c C. & (. for 95-degree test
Centrifugals and 3.95c duty paid for
! 96-degree test.
Two cargoes of Javas anoat were
taken at practically los. Cd. C. Z. &
l., being the equivalent of 3.9Sc per
ID. duty paid, basis 90 degrees test.
|
call which could not be sold here at
los. Cd. C. (. & |. has been ordered to
the United Kingdom, thus disposing
pof all cargoes which will be due to
arrive within three or four weeks.
Javas for Experimentation ship
ment are held at los. 4 I'D. C. & T.,
equal to 3.0Sc per ID. duty paid. The
forward supplies of Javas anoat to
the United States amount to 100000
tons and excluding all vessels known
to be going to Europe.
1t Just transpires that some $500
tons Philippine Island sugar was sold
two months ago to the American Su-
gar Refining Co, of which there are
now on the way 1000 tons by the
s. S. St. Patrick, which passed Gil
bra liar Sept. 18th.
From present outlook the shortage
in certain growing cane crops, par
ticularly Cuba, viii be about Offset
by increase in other crops available
for the U. s., say Louisiana and ia
va.
|
Orleans made large imports to offset
| the large shortage in last years do
nestle crop, such imports have now
ceased, in view of the 100000 tons
expected increase in the new Louis
| lana crop.
1t is now sufficiently evident that
the Cuba crop will mature later than
usual this season and amount to less
than last years crop, but 1t is too
carly yet for valuable estimates. More
rain is wanted constantly at this sea-
son than Cuba is receiving thus far.
| Mr.. LIGHT reports the weather very
favorable for the maturing beet crops
OF Europe, which is important, as
upon the weather at this season will
depend the maximum or minimum
crop to the extent of some 100000
i tons, more or less, in outturn.
Under no conditions is the crop cs-
timated to exceed last years.
At the close sugars are offered
more freely and buyers are inclined
to hold OFF.
and higher, but closed quiet, with
part of the advance lost. Closing
quotations for Beet are 9s. 10 led.
FOR October, 9s. lid. for January
March and los. lid. for May.
REFINED.-S has char
acterized the local market for refined
sugars throughout the week.
The demand continues good, being
principally in the form of withdraw
ais. with moderate booking of new
contracts, under usual guarantees, as
old contracts run out.
The distribution at the moment Is
quite satisfactory, considering the
shortage of fruits for preserving. II
has not been necessary, however, to
increase MEETINGS in order to meet the
demand. as the relners hold ample
reserve stocks of refined.
Federal continues to quote the
lowest price, being basis of Granu-
lated at 470c less l per cent. cash
and announces delay of two weeks In
shipment. -
American, Howell and Arbuckle are
accepting orders basis of GRADUATED
at 4.S0c less per cent, their ship
ments of straight cars of graduated
being fairly prompt and assorted Or
ders to days delayed.
The close is rather less active with
cut special indications of immediate
change In prices.
New Orleans market remains I'M
changed, but San Francisco has just
telegraphed decline of 10 points.