Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1908-01-15
SUGAR


ttock Is G3,295 tons, against decrease
Of 96l7 tons last week. Total stocks
and aloats together show visible
supply of 3,159,7O6 tons, against 3,273,.
COL tons last year, or decrease of
1925 tons.
RAWS.-Thc closing week of the
year. as usual, is very quiet. with lit.
lie desire to do business; hence there
is no change In quotations for the
week, except in the New Orleans mar.
Fet, which declined 1882 per ID. for &c
test, due to large receipts of Louisiana
sugars.
The features to note are that the
Cuba crop grinding Is far behind last
seasons, there being only Is ccntrals
working now against 112 last year,
with receipts for the week at the prin.
clpal ports of only 1000 tons against
$4,000 tons last year.
Indications are that the supply Of
Cuban sugar for the next few weeks
will be comparatively small, and this
gives firmer tone to the market.
Also 1t is noticeable that the Euro.
lean markets continue their advance,
end beet sugar quotations rose from
9s. lid. to 0s. 10 I'D 70: the week,
closing strong.
The Ways and Means Committee of
the House of Representatives givea
hearings January 9th on the bill re-
ducing duties on the Philippine Island
sugars. This measure will he fought
with as much persistency in the House
and more perslstently in the Senate
than It was in 1906, when the bill
failed in Committee. Reciprocity be.
tween the Philippines and Japan and
other countries would seem to be a
good solution of this question, without
interfering with the domestic cane and
eet sugar industries.
REFINED.--Is extremely quiet for
the week and the interests in It must
be considered as likely to develop in
to improving prices with the incoming
new year. Refineries will be running
light or closing down for a short time
tor annual cleaning up.
We extend to all our friends, in all
| quarters of the sugar world. our best
wishes for a happy ana prosperous
new year.
RAW SUGAR PRICE REVIEW, 1907.
The year opened with centrifugal
sugar, 90 test basis (the standard for
raw sugar., at 3.56c. per b., declining
during last half of month to 3.4Sc. !;
average for January, 3.5l3c. per lb.
February declined to 3.3Sc., averaging
3.4l6c.; March was higher throughout
the month, closing at 3.5Sc. and aver.
| aging 3.5l2c.: April continued the ad.
vance to 3.765c., averaging 3.G96c.;
May further advanced to 3.92c., aver.
aging S55c. June reacted to 3.70c.,
averaging 3.792c.; July recovered the
decline and advanced to 394c.: aver.
aging for the month 3.S7lc.: August
went no higher, remaining about
steady, averaging 3.9l7c.; September
! proved the highest month Of the year
ut 3.95c., and averaging 3.0i3c. per
pound; October declined to 3.90c., av.
traging 3.922c.; November made rapid
decline to 3.G25c. under financial stress
In United States, averaging 3.7G9c. !;
December, with easier money affairs
and partial Supplies, recovered and
closed the year at 3.SJc. per pound,
only 10. per cwt. below the highest of
the year; December average, 3.793c.
The lowest point of the year was
3.3Sc. per poand February 2isD and
highest point 3.95c. (Septembcr 18th to
October lith). The average price for
Centrifugals In 1907 was 3756c. per
pound, against 3.6S6c. in 1906; 4.27Sc.
in 1905; 3.074c in 1904; 3.72c. in 1903;
S.542c in 1902; 4.O47c. in 1901; i.56Gc.
in 1900; 44l9c. in 1899. p.
The average for ten years is 4.O2c,
per pound duty paid The highest
price for centrirugals since July, 1897,
was .5.125c. on March /, 1905, and the
lowest price 3.25c. duty paid, June
1902
Since July, 1897, the full duty on
sugar has been l.GS5c. per pound for
90 test. Since December 81, 1908
all sugar produced In Cuba has paid
1.3iSc. per pound duty, 90 test Sug,
ars from Hawaii and Porto Rico pay
10 duty. Sugar from the Philippines
as % per cent reduction from full
duty rates and the average grade pro
duced there Of 81 test pays .9i9c. per
pound less .022c. per pound export
DUTY collected on shipments from the
islands. All other sugars than the
above imported into the United States
IN 1907 paid duty of l.6S5c. per pound
for 90 test basis. Duties for 1908 will
be collected as above.
In our last Annual Review we said
for the year 1907 the average price OF
raw sugar should be rather higher
L an in 1906. The result shows .O7c
per pound higher. For the year 1909
the average Tor centrifugals under the
outlook of supplies and demand should
be higher than 1907.
REFINED SUGAR REVIEW, 1907
The average net cash quotations for
| granulated sugar 1.-THE standard for re,