The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1908-05-10
MARKET CONDITIONS.

on July 1.
MARKET
Smith & Schipper, in their mail
date of New York, April "A, throw son
which have been reported by cable her
Schipper say: Great confidence in
and since the sales which we reported
offering at under the basis of 3-16
equivalent of, say, 4.55 cents duty pal
lot of Porto Rico centrifugals, in port,
in the week, and this, consisting of SO
less lighterage, to the American Sug;
spot quotation to this figure. That sci
considerable surprise on the street, as
were ready buyers of sugar for prompt
urally, however, they were anxious to {
as the value of Hawaiian sugars is fl
American Sugar Refining Company al
now loading, and 10000 bags Cuba ce
cost and freight, equal to 4.4Sc duty P
on this basis, but sellers have withdr
even at that advance there is little su
being on the same basis, advances car
heretofore Conditions in Cuba are w
tons is assured, so that further news o
expected from this source. Therefore
Europe. Certainly the general position
season progresses with the rise more
"Today's cable received by Messrs.
wiI1ett & Gray shows that there are
forty-one centrals grinding. Our cable
is to the effect that of these there are
only twenty to twenty-five doing we'll
and the balance doing little. There is
little news of interest from Cuba, as
there is nothing more to be said.
Planters are very firm in their ideas,
and sales in the island are being made
at from 1-32c to Lice. above the New
York parity. Complaints continue to
be heard on account of the weather
being so dry that it is bound to have
an injurious effect on the next crop.
Many wells and brooks have dried up,
in consequence of which some locali-
ties are suffering from the lack even
of drinking water. The preparation of
the soil for sugar cane planting is car
riel on with great difficulty, as the
ground is very hard and no progress
can be made until heavy rains occur.
CONDITIONS IN EUROPE.
LIGHT wires US today that the
weather is unfavorable for field work,
and mail advices are to the effect that
the crop is two weeks behind last
year Outside of the inducement on
account of present high values there
seems little reason to believe that the
sowings will show any increase oyer
last year, and it must be borne III
mind that LIGHTS advices are to the
effect that there will be a slight de-
crease, estimated at about one and a
half per cent. Some mail advices that
we have state the sowings in Russia
will be twenty per cent. less than last
year and that the average for all Eu-
rope will be three per cent. less, which
on an average yield would mean an
outturn of something like 200, 900 tons
less than the present crop. 1t is to be
noted that the August quotation is
very close to that of May, and it IS
said that the larger operators have
been transferring their May options
to August. AS soon as the advices of
d decrease IN the paintings are COI-
firmed it is expected that the October
and December quotations will ap-
proach more closely that of August"
GRADUATED SUGAR.
The same authority under date of
April p has this TO say regarding
granulated: "AlI New York refiners
are insisting on overdue contracts be-
ing cleaned up Immediately and there
is every evidence that for the balance
of the present year at least all refin-
ers will be more strict in forcing de-
livery of sugar within the time specf-
fed on the contract"
IMPROVEMENT OF ELEELE.
Some definite information regarding
the plans Of the Kauai Railroad Com
pany has been published. The COM
pany proposes to greatly improve Ele-
ele as a landing-place and port, and
Will spend about $4,000 in this work.
A breakwater something over 200 feet
long and standing ten feet above mean
sea level is a part of the plans. The
railroad which now extends through