Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1909-05-13
SUGAR

willctt & Gray's Sugar Trade Jour.
nal for April 20 says Of the raw sugar
market:
Visible Supply. Total stock Of Eu.
rope and America 3,i75lS6 tons,
against 3,113.65l tons last year at the
same uneven dates. The increase OF
stock Is CT .53i tons, against an In.
crease of GO .S22 tons last week. Total
stocks and afloats together show a Wis.
lblc supply Of 3,276.1S5 tons, against
1921 1851 tons last year. or an increase
of "a 534 tons.
Raws.--The first day of the week
under review brought news from Cuba
of rains sufficient to stop factory work
TO the extent of not being able TO state
how many Centrals would be working
when the rains stopped. Conclusions
we're drawn unfavorable to crop out.
turn and an active demand began for
centrifugals at 2Mc. C. and f., SO test
for May shipment. Spot quotations ad.
vanced 09c. to 3.95c. per pound All
available sugars were taken by buy
ers Europe also sympathlzed to the
extent of I'D. advance to los. Cd. per
cwt On Monday, however, selling by
Cuba began again In large volume at
CSC. c. and f., some 400. 900 bags total
sales on this basis being reported and
still sellers pressed for sale after buy.
ers were virtually filed up.
Tuesday the return of favorable
weather in Cuba and the cabled report
that 13l Centrals are working against
80 last year and SO the year before.
changed the crop sentiment somewhat
and reduced buyers and sellers lice.
to 9.l6c. C. and T.
Europe also lot its advance of I'D.
and a further I'D.
Wednesday, with the evident view of
sustaining the market on u steady
basis, the American took $4,000 bags
Cubas, loading at 9-l6c. c. and f., fol.
lowed by the Howell and Federal for
sugar afOat at same price.
These purchases Of nearby offerings
have the desired effect Of steadying
the market and the close Is with q
rather more confident tone notwith
standing that the Cuban crop news ms
given elsewhere Is more favorable for
full crop. The daily and weekly re
ports from Cuba are now of much i'm
portancc.
Receipts in United States were large
G7,375 tons. and stocks have increased
to 354,1S5 tons against 263.G5l tons
last year. and $40 9SS tons the year be
| fore.
Europe shows an easier tone and ten
dcncy at the c'use, beet sugar at los
4hd. this and next month, and los
6A, for August.
Europe il now q cents per 1OC
pounds above our parity.
The tariff bill remains withou
change In the Senate.
More favorable weather for work IA
the beet fields is reported from tn,
Continent.
Late today we received cable ad
vices from Porto Rico. rcportin,
drought In some sections of that Islam,
and a reduction Of 10000 tons in tn,
crop estimate. to 2l5,OOo tons tota
outturn
AT the close We have received spccia
cable report of the introduction of tn,
Budget, making no change In the dut,
on British imports of sugar and cans
Ing a decline In refined sugar In tn,
London market.
Cuba Crop Estimate.-The humble
OF Centrals now grinding is 1871. 0
which many are on about half time an,
VIII close for the season In a week o
two. First rains April 14th. At thi
time last year only SO Centrals wer,
grinding and the rainy season set II
May LIST, while on this date the yea
before, only SO Centrals were WORKING
and no rain until May l4th. The Wis
iblc production to date Is 1,l57 ,OO
tons OF sugar; II there is produced dur
ing the remainder of the camDaigl
only the quantity produced same tim
last year u75.000 tons), the total Pre-
duction will be 1899 900 tons. II Their
Is produced as much as In the balanc
OF campaign two years ago 1921, 100
tons) which is not improbable, tn
total output Of this crop will reacI
1884 900 tons,