Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1909-01-28
; **ss*+.4s4s+4s&+
SUGAR

Czarnikow Macdougall & Co. I'M
der date of Jan. s report on the raw
sugar market as follows:
Our last report was dated 31st De-
cember, 1908.
Owing to the New Year holidays
the market did not reopen until Mon
day, 4th inst. The years business
began with small transactions in Por-
to Ricos at 3.7Oc. c. |. T., and in Gu
has at 2.31c. C. f., and these were
followed by other sales at same prices.
The offerings at those figures were
not large, and as soon as they were
absorbed the market became strong
at IN advance of .O6c. Particulars
are not obtainable, but there is every
reason 10 believe that in the last day
or two large business has been done
In Cubas for January and early Feb
ruary shipment at 2.37c. C. (.
The recurrence of rain and the con
sequent stoppage Of grinding on a
number of estates that had started TO
work, coupled with reports of poor
yield from the canes. led to the OBJ
vious conclusion that the January
production in Cuba would be good
deal less than had been Anticipated;
but another and overlooked cause Of
lessencd January production will be
In operation, namely, the holidays
consequent upon the Inauguration of
General Gomez as the new president
OF the Cuban Republic. The inaug-
uration takes place on January 2Sth.
and the event will be signalized by
celebrations all over the island, that
will occupy several days. during
which time little work will he done.
All this leads to the belief that Cuba
has aready sold nearly all the sugars
It could safely put forward for Jan
uary shipment. AS regards sales OF
February sugars, fair start has al
ready been made, and the prospects
are that before the end OF the month
the requirements of New Orleans will
be added to those of the Atlantic
ports.
European Beet markets opened cas-
Ter, but have since recovered to the
closing prices of last year. Today's
f. o. b. quotations are: January. los.
I'D: February, los. 2 lid; May.
los. 4 lid: August los. lid. /:
next crop, october-December, 9s.
8 3-id.
European advices report that the
Permanent Commission established
by the Bussels Sugar Convention has
decided that Mexico and Brazil
should be added to the list OF coun-
tries which are considered as accord
ing bounties on the production or ex-
portation OF sugar. This Is impor-
tant. as 1t should involve the imposi-
tion by the United States OF IA coun-
! tervailing duty equal to the amount
of the bounty In addition to the regu-
lar duty on non-privileged sugars.
LOUlSIANA.-Our correspondent
tclegraphs that grinding is practical
ly over and the results of the cam
paign are unsatisfactory. a crop "
about 100000 tons being the estl-
mate. The New Orleans market is
firm at 3.62c.. basis 90 degrees, for
refining grades.
REFlNED.-After several days of
unchanged conditions the market at
the close shows an improved demand.
The Federal Sugar Refining Company
and the Warner Sugar Refining Com
pany are expected to be In a position
to resume shipments next week. The
former, which has been Offering
prompt shipment at i.5Oc, less 1 per
cent. for Granulated, this morning
advanced quotations points to basis
i.55c less / per cent, this being now
the basis Of all local refiners.
Receipts for the week at the three
Atlantic ports, 1853 tons. Melt
ings, II 900 tons