Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1908-09-05
SUGAR


BLES.-Cuba. The six principal
ports: Receipts none: exports, g.
600 tons: stock, $4,000 tons, against
$4,000 tons last year.
Centrals grinding, 2; against none
last year.
Stocks In the United States and
Cuba together of 326,641 tons,
against 339.224 tons last week and
S90.002 tons last year, decrease of
6i,261 tons from last year.
Europe: Stock in Europe, 1885,
600 tons, against / $4,000 tons last
year.
VISIBLE SUPPLY. - Total stock
Of Europe and America, 1,692,641
tons, against 10000 tons last year
at the same uneven dates. The de-
crease of stock is 227,261 tons,
against decrease of 2O6.72O tons
last week. Total stocks and afoats
together show a visible supply of
2,072.641 tons, against 2,130,9O2
tons last year, or decrease of S.
261 tons.
RAWS.-The week opened with a
steady market on the basis of 1-Sc.
for nearby Centrifugals, followed by
an easier tendency.
European markets, receiving no
support from America, declined
/ I'D. to los. 0 3-4d. for old crop
tAugusp Beet, the parity of 4.12c.
for Centrifugals. and to 9s. I'D.
for new crop (October-D ecember)
Beet, the parity of 4.O1c., leaving the
premium on old crop still about 1-sc.
per pound. The close In London was
steadier.
Offerings increased moderately and
values here were reduced to 4.OSc.
for 96-degree test Centrifugals on
sale OF Porto Ricos. Sellers are now
asking 2 11-16c. C. & T. for 96-degree
test Cuban Centrifugals. equal to
4.O5c. land, and a shade less than
lis. c. & f., equal to 4.11c. landed,
for Java to be shipped this month.
Refiners have ample supplies for
P'NoNht hNtuo anu nave DIoNIutu
their wants well ahead, having Sc
cured practically all of the Javas
shipped in July and a large proper
ton OF the 40 to 10000 tons
which will be shipped in August, due
to arrive before the end of October.
Further large supplies will not be
required until new crop sugars will
be available.
Weather conditions In Europe and
Cuba continue to favor the growing
crops.
Our cable advices from Cuba re-
port the total production OF the clos
Ing season to August LIST as being
9S4,711 tons sugar. and the stock of
sugar In the Island on that date as
94,242 tons. Part of this stock will
be required for local consumption for
the remainder of the year.
Indications are that the harvesting
of the new Cuban crop will be well
under way about the third week in
December. or two weeks earlier than
last year, but not as early as the year
before.
The Louisiana crop is progressing
well, with prospects of large out
turn.
The condition, OF the American beet
crop Is quite irregular, but taken as
a whole 1t is fair. and with suitable
weather during the next two months,
crop equal to the last Is assured.
REFlNED.-Prices remain I'M
changed basis of graduated at 5.1Oc.
less l per cent. cash named by Amer
lean, Howell and Arbuckle for prompt
shipment only and by Federal for
Withdrawals against outstanding
contracts. The Warner quote 5.1Oc.
less ! per cent. for both prompt ship
ment and 2S-day contracts. while the
Federal ask Toe. additional for the
privilege Of delaying delivery 2S
days.
The demand has continued on the
hand-to-mouth basis. but refiners as
sure us that the aggregate of orders
received is larger than is apparent
and quite equal to the distribution
usual this time of the year. Grocers
stocks are steadily decreasing and
many requests are made that ship
ments be rushed.
We are now receiving from all
parts of the country reports on the
fruit crops and on local stocks of SUI
gar. The reports. thus far, printed
In another column. come from east
ern and middle western States and
confirm the general expectation of
an enormous yield of fruit and show
that the stocks of sugar in jobbers
hands are, as rule, either normal
or less than normal. indicating large
requirements of supplies of sugar for
preserving the fruit later In this
month and during September, to be
drawn In the main from eastern re-
fineries.
In view of the prevailing terms
providing for prompt shipment, 1t Is
Qliitp likely that no fruito natr,n