Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1908-11-30
SUGAR

port as follows on the sugar market
under date of Nov. 6:
Our last report was dated 30th
October.
The country has been immersed IN
politics during the greater part OF
the week, and the sugar market
shared in the general business stag
nation that preceded the holiday Of
Bird inst, on which the voters gave
their decision as to which of the can
didates for the Presidency should
FIJI that high office.
The election of Mr.. Taft is regard
ed as having an important bearing
on the work of restoring business
confidence and stimulating CONNER
cial activity, but the few days that
have since elapsed have not afforded
sufficient time, for anything like
marked results. in this direction.
II was hoped that AS soon as bust
ness got fairly under way, an active
demand for refined sugar would set
In. as 1t was known that trade stocks
had been allowed to run far below
their normal proportions, because of
the unsettled conditions arising from
political uncertainties. Naturally, It
was expected that renewed activity
In refined would cause raws to meet
with more inquiry, but the market
had hardly reopencd when some
of the reliners started scrimmage
for orders and a price-cutting that
has dem0ralized business in refined
and has to some extent reacted on
raws.
The only transaction reported in
raws is the sale, prior to the cleo.
lions, of Java cargo arrived al
Breakwater at sterling price equiv
alent to 3.95c. landed for 9G-degrec
Centrifugals. Another cargo await,
ing sale may be stored. There has
been lack of interest on the part ri
buyers that is surprising in the face
of dwindling supplies and scarcity 81
offerings.
European markets have been firm.
er and beets were at one time Sd. pc,
cwt. higher than at the close of last
week; but this does not appear tc
have been based on what must be
the deciding factor, namely, weather
conditions. for a fractional part Of
the advance has been lost in sugar,
for prompt and January-March de-
livery. Today's (. o. b. quotations
are: November, los. led; Decen
Der, los. 2 Id; January-March
los. 4 I'D; May, los. 6 S-4d.; Aug
ust, los. led.
In the campaign Of 1867 there
Were / 81 centrals in operation in the
districts covered by the six principa
Cuban ports, and these produced ] :,
lOO,777 tons sugar. The number o.
Centrals at work In the other Cubar
districts was the same as this veal
namely, Sand their production
was 326,S96 tons.
The total crops of 1867 was J.,
427,673 tons.
The receipts for the week at thu
three Atlantic ports were 1886;
tons.
LOUISIANA. - Our correspondent
photographs that weather continues /;
vorable for grinding operations, an,
that receipts at New Orleans are In
creasing. Refining grades are sell
ing at 3 3-4c.. basis 96 degrees.
NED.--Following an unex
pected reduction by New Orleans yes
terday to basis Assoc. less per cent
for Granulated, the Federal Suga
Refining Co. and Arbuckle Bros. Gu
their prices to the same level. On
principal refners continued to quot
basis i.90c. less per cent. until thi
morning, when the American Suga
Refining Co., Is. II. Howell, Son 4
Co., and Warner Sugar Refining CO
lowered their prices to 4.S0c., an
the Federal and Arbuckle made a;
additional cut of points to basi
Abe. less | per cent. The reviya
of business in refined has been check
ed by these unlookedfor change.
and buyers are likely to hold aloo
until prices are once more on set
tied basis.