The Hawaiian gazette., 1908-06-09
LATEST BY NAIL

LATEST BY NAIL
The latest mail sdv5ces are from
Smith s Schippe- 10 Alexander & Bald
VII received June and are dated
Nay -:
Our market haS been insnim.ta
with prices more o. less normal on
account Of -e6ae-s'. immediate wants
oeiag vel supplied BY tie recent heavy
arrivals which naturally makes them
uailss-ssts6 n the nearby sugar that
= offered fo- sale While owners have
preferred 70 store sa.s4 hasS rather
than accept current quotations there
L sumo sugar IN port now which IS
beng put OF lighters. and the t-z6s
generally expects thai rhess Vii event
Czly De sod 81 soma concession and
i : said that in view q the lower
European cables rs1-srs today would
no- b willing 70 pay over the parity
% 51-S cents COST and freight for
CHA for Ihsse supplies This IS eQui
valsa1 70 Ez4c- duty paid for = cen
tr1tuEa-S. o. say 70 shilings I'D. Z
o. ,. making our spa Cco-z1iOn near
y Ole-<ourlh cent ps- pound under
re Euops parity IN yizw Of ma
LIMITED supplies Of cane sugar avail
abe this p-5ce : Of course unEa-rznt-
ID By the situation and due entirely
ID the pressure % sci Of these few
nearby lots and = lot therefore fair
criterion q rte market Distant 81
Ez-s are Is firmly had Is ever and
ne So 10 reason 70 anticipate any
pressure % sci sugar for Shipnent -
i : certainty that as soon es re-
6l=-s show any interest in the mar
ket sellers VII withdraw and Compare
lively little sugar VII Be obtained
without fu1 prices being paid The
market closed quiet with the spot quo
-stiol normal o. the basis Of As cents
duty paid for = 6=s1ee centrifugsls-
II rh= close The spot and shost sugar
has been sod 70 the American sugar
Raining Company Oh the basis OF rs
cents cos- and freight Tor Cubss equal
70 IA cents duty paid New YORK The
total amount obtained al this figure
vas between 15-ssa and 3a.ea3 bags, re-
ducing the spot quotation oae-eighth
cent
In Cuoa The situation i ve-y much
-hs same aS hare. buyers and sellers
are apart II their ideas and there is
vs-y little sugar Offering for sale II
Is 70 be noted that TIE stocks in the
Island are beng materially -e51cad
tie present supplies bsi1g IS o. tons
less than last year. and 1900 less
than THO years ago On The whole
there appez-s every reason 10 main
tain our opinion that TIE crop VIII De
about so1.v so ions and de6uctng 400
tons for h0ne consumption leaves
about s5a.1.ss tons for exporting Pur-
pos@ The remaining stocks IN TIE
Island are II s-0lg hands. mostly the
larger shipping horses and bankers
who ara Il Z position 70 hold ont for
higher v-5ces and there = 10 question
bit that L they are willing 70 carry
these supplies until the Reans-'s re-
csssit5es force them into the market
they XII obtain the advance asked
After O-oe realizing thsse prices Re
E1srs cannot b expected 70 continue
buying the market ID and 70 incur
the additional expense q carrying
-1sss stocks until they are res5eI for
uA@gz
ReEzrdinE Europe. this authority
cu0-eS 2 correspondent a. follows:
FEslz work remains late and servings
11- E=- --lS1-1- Il = reported L-2t
about tan Russian factories cannot BE-
gl work for want Of money and Rus
san bankers VIII not give any fur
tler loans OF sugar The Russian far
tories cannot make any payments in
advance . the PEASANTS and This
makes th= decrease q soEings rather
larger than eIpects5- Belgium
nay have z snail increase while
France VIII have Al increase of about
tsn pr cant but Il remains uncsr-
tain Ehs1her the Increase Of b@sts
XII mean an increase u sugar pro
duct5cn- because IN France z great
deal Of rOots are 70 Be E0rked for al
cohoI and TIE present prices Tor a.
eoho- pay be1tsr than for sugar
As r=gsr5z Porto Rico this authority
cournues- "O1e II oar correspond I
eutz E-ites rs under date q Nay =
II * estimated that only ons-thir1
y the total amount % ire present crop /
= unz0l5. and as tne weather COZ
tfn-es 20 be verT dry Izb0ring does I.
not suffer any interruption and Il =