Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1908-03-28
SUGAR


March.
The week opened with buyers at
last weeks prices of 2.62c c. I. for
Cubas and 392c C. |. Z. for Porto
vanced to 2.75c C. I. for the former
and 4,03c C. |. I. for the latter. These
prices have since been maintained,
except in the case of a small nearby
accepted.
The effect OF the advance has been
TO bring out tolerably large offerings
of Cubas for March-April shipment,
q good many of which have still to
be placed. A pause in the demand is
not surprising In week in which
ieilners' receipts are 10000 tons in
excess of their MEETINGS, but 1t
should soon give place to renewed
activity, for refiners' stocks at the
Atlantic ports are nearly $4,000 tons
less than they were at this time last
season, and refiners have no such out
look for plentiful cane supplies as
they had year ago.
Cuba continues the center of in
terest, for It is recognized that 1907
900 tons more or less In its output
may turn the scale in the worlds
markets by converting bare SUM-
cheney into a moderate scarcity be-
fore next European and Domestic
crops can come into the field in Oc-
tober- November.
The Cuban production up to the
end of February was 407,6SS tons
against 65S,956 tons in 1907 and
333,411 tons in 1906. 1t is argued
that, as the production this season
up to the end of February is 1927
tons ahead of what 1t was to same
date In 1906, and as the 1906 pro-
duction after February was $4,000
tons, there is a probability that a
production, of 10000 to 500, 900
tons, may be attained during the
balance of this campaign. and that,
consequently, the total output may
reach 1,15O.0OO to 100000 tons.
This view overlooks the fact that
in 1906 grinding was retarded by
rains and by delay In starting work
ON many estates which had Installer
now machinery and could not get 1t
ready In time to begin grinding early
in the season. Hence the maximum
number of estates 1S0) did not get
into operation till the end OF March.
the cane being plentiful and weather
favorable, and 1t was not till the
end of May that the number of cen
trails at work fell below 100.
This season the maximum number
of centrals grinding (16S) was
cached at the end of February, OF
"a month earlier than In 1906, and
even should Cuba enjoy the favor
able grinding weather 1t had up til
the beginning of June in 1906, and
in less degree later, II has not the
same material to work on, for In
many sections OF the Island the cane
| III ueHCieht III quantity anu Seuhec'
in growth, owing to last years
drought, condition which will be
sin to show itself during the presen
month, by falling of in the cen
trails at work. 1t must also be re
membered that during nearly thu
I. whole of February, 1906. the hes
8 price obtainable for Cuoas was &c c
T., whereas. this season planters hat
the incentive of February price
ranging from 2 5-16c to 2 1880 CT
European Beet markets have ha,
a further Improvement, partly du
to unofficial cables from Cuba pre-
dieting that the maximum crop tina
4 could be counted on was 10000
tons. Today's I. o. b. quotations are
March. los. 1-2d.; April, los
led; May. los. Sd; August, 10i
10 lid. Next crop: October-Decen
Der, IS. IL lid.
Naturally. the advance in Europ
has not kept pace with the adyanC
. in this market where prices were s
much below the European parity, an
the gap between the landed cost {
Beets and the landed cost OF Cuba
has diminished to lac.
The receipts for the week at Ii
three Atlantic ports were 55,7s
tons.
LOUISIANA.-Our kilograms
date report that according to late
estimates the present crop cannot e.
. coed $4,000 tons.
y REFINED.-The refined sugi
: market has ruled firm througho,
the week. The Federal Sugar Ref
\. ing Company, having advanced the
list prices to basis &c less per cer
for Granulated on 7th inst, are aga
ten points above other refinel
whose quotations remain unchang
at basis l4.90c less / per cent. II
Federal Sugar Refining Company a
at present the only sellers willing
accept orders for delayed shipmeI