Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1908-03-24
SUGAR

Czanikow Maclougall eco. report
as follows ON the sugar market under
date of March 6:
Our last report was datcr 2Sth Feb.
ruary.
The market for raw sugar expcr.
fenced slight rcceysion at the begin.
ming Of the week, bet in spite OF some
fears that noteworthy reaction was
due after the previous fOrtnights ad.
vance of .22C., the downward move.
mont did not so hey ond, 03c.. and this
slight loss was soon regaincd by a
return to last weeks closing price of
2.53c. c. f. for Cubas, March shipment,
and today new high level has been
reached by sales to rednerC Of April
shipment at 2.G2c. c. {. Although the
demand from refncrs shows som1
abatement, tie firm attitude Of sellers
H. mantaiucd, and 2.62c. c. {. is the
lowest price now named for either
March or ALril shipu .cnt.
No transactions are reported in POr
to Ricos for the Atlantic ports, bat
Now Orleans came into the market
and has paid 3.92c. C. l. T, for prompt
shipment. OwinC to the poor weight
Of cane per acre the Porto Rico crop
estimates are reuuCcd to $4,000 tons
as against 2l7O00. tons previous Cg,i.
mated.
As against an expected increase in
the receipts as well as exports, the
sig principal Cuban ports showed Il
falling OFF amounting to 1000 tons in
the former and 5000 tons in the latter
This gave additional tone to the mar
kct. especially as, when compared
with the corresponding week Of a yea:
ago, the receipts were 1900 tons and
the exports 1000 tons smaller.
There has been no special crop news
from Cuba, but the fact that prices
ruling there are fuzzy up to the United
States parity and that offerings bv
planters are light, is proof that the
position Is regarded rs strong and
that sellers see no reason to press
sugars ON this market In greater guam.
tity than it can absorb them.
,Iavas have continued to attract nj.
tentiDn ana retncrs have made furth.
or provision Tor their future wants by
making additional purchases of car
gees for shipment ranging from May.
June to August-l5th September The
lava crop Is expected TO show Il falling
of of from 10 per cent. to 20 per cent.
from that of last season, which was
1856 coo tons. Should results con
firm these forecasts, n reduction OF
10000 to 100000 tons In the supply Of
Javas. In year when more Of them
are likely to be wanted both In the
United States and in India, cannot fail
to tell on the future of the market.
European Beet markets have been
strong, and an advance has taken
place in all deliveries, bus particular.
| iy in present crop. Today's T. %. b.
prices are: March, les. 3Hd.; April
los. 3Hd; May, los. iMd.; August
ans, Id Next crop, OctoberDCccm
Der, 9s. 9%d.
The receipts for the week ut the
three Atlantic ports were i5,04G tons.
REFINED.-On the 1ith inst. The
Federal Sugar Refining Co. announced
an advance of 10 points In their list
! prices, which brought them to basis
1 SOC. less | per cent. for granulatel
All the other reRners continued at pre-
yious level Of 4.Sgc. until this morn
! ing, when they also advanced II
! points. bringing all to the higher basis
The Trade have come into the market
more freely as buyers Of sugars for
delayed shipment, and the market
! closes strong.