Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1908-02-07


tons, against 3,702,242 tons last year
at the same uneven dates. The de-
crease of stock is 134,454 tons,
against decrease of G3,S50 tons last
week. Total stocks and afoats to-
gether show a visible supply of D.
G27,7SS tons, against 3,S02,242 tons
last year, or u decrease of 174,454
tons
RAWS.--There seems to be no
question by that the making of the
sugar crop in Cuba is being inter-
fered with on several estates by the
frequent recurrence of rainy days,
compelling the estates to stop for the
time being. Several cables to this
effect are at hand daily.
This being so, it is an argument
for better prices, but, on the contra
~, there is seemingly a constantly
weakening disposition with sellers.
They manage things quite differ
emily in Europe, where they have
Just harvested a beet crop of some
6,575,000 tons, and yet the market
shows little pressure to sell, even
with parity of 4.O6c. per 100 lbs,
with Cuba at assoc. and Louisiana at
3.44c.
There is no doubt that the net
work of sugar exchanges, affording
facilities for dealings in futures, has
much to do with sustaining the Eu-
lopean markets.
Louisiana, with a small crop of
cane sugar to market, goes even be-
low the depth of Cuba prices, last
sales being made at 7-1Gc. per b.,
or &c. below the European parity.
There is something the matter
with the methods of marketing all
sugar crops with the exception of
the beet crops of Europe. What is
1t, and what is the remedy?
1t is not that all the Louisiana and
Cuba sugars that can be raised will
not be wanted for consumption of the
campaign year; 1t Is because all of
their crops are not wanted as fast as
made, which seems to be the method
used for their disposal, leading to an
oversupply at this season and result
ing in an undersupply later on.
A method of judicious selling
would give these crops a much better
outturn OF profits to the producers,
as they are fully protected by the
high parity of Europe, the only COM
peting market.
Regarding business in this mar
ket, the trend has been slowly down
ward, with moderate sales making at
each 1-32c. decline.
At the end of last week quotations
were 3.92c. for spots and 9-16c. c.
& I. for January or prompt shipment,
equal to same parity; while today's
quotations are 2 7-1Gc., basis 80 de-
grees say assoc. for prompt and
January, and 2.41c. for February
shipment, equal to '3.77c., showing
1-16c. per ID. decline for all posi-
tons.
There are moderate amounts for
sale at these quotations, but buyers
are holding of looking for lower
prices, probably 3Sc. C. & T., equal
TO S.73c. duty paid.
San Domingos for January-first
half February shipment were sold
during the week at 2.1G3c. c. & f.,
equal to 3.S6c.
Receipts at the six ports of Cuba
continue comparatively small, $1,000
tons, while the number of factories
are increasing rapidly, there being
1872 grinding, against So last week.
Our regular cable gives no mention
of rainy weather, the rains reported
at the different estates being only
local. '..s a.
REFINED.-The market has con-
tinued without change during the
week, the American quoting 4.S0c.
less l per cent. and Others 4.90c. less
l per cent. This last-named price
has not been fully maintained, but
any buyer DESTROYS of obtaining SUI
gars at 4,S0c. less 1 per cent. has
been accommodated. Business under
the usual delayed contracts has been
quiet, while Withdrawals have been
fair.
Advices from the West in the early
part of the week reported that, al
though the beet factories east of Chi
cago started to follow the Advance in
Granulated-say to New York basis
4.70c. less l per cent. for Beetle
advance was not maintained. Prices
west of Chicago were somewhat ir-
regular.
All buyers in the vicinity of Chi
cago arc well supplied on 4.50c. con-
tracts, against which Withdrawals
are being made in sufficiently salts
factory volume.
East of Chicago a similar situa-
ton exists, except that contracts on
barrels at 4.50c. are nearly complet-
ed and there is already some barrel
business being done at the 4.6Oc. ba-
sis.
We are in receipt of telegraph!c
adyices today stating that prices