Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1909-05-13
SUGAR
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/ WHICH x gray sugar lIdue JouI-
Z nal for April 30 says Of the raw sugar
market:
Visible supply.-Total stock OF Eu.
rope and America 3,175.1S5 tons,
against 3.ll3,65l tons last year at the
same uneven dates. The increase OF
stock is CT ,53i tons, against an In.
crease of 81 1929 tons last week. Total
stocks ami anoats together show Wis.
lble supply of 3,2761S5 tons, against
2 1881 .651 tons last year, or an increase
of a. 34 tons.
Rsws.--The first day Of the week
under review brought news from Cuba
of rains sufficient to stop factory work
10 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 CSC C. and f., SO test
for May shipment. Spot quotations ad.
vanced .09c. to 3.95c. per pound. Al!
available sugars were taken by buy
ers. Europe also sympathized to the
extent OF Nd. advance to los. Cd. pei
cwt. On Monday, however, selling by
Cuba began again in large volume at
2%c. C. and f., some 100000 bags total
sales on this basis being repofted 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 131 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 {.
Europe also lot its advance OF I'D
and further I'd.
Wednesday, with the evident view OF
sustaining the market on steady
basis, the American took $4,000 bags
Cubas, loading at 2 9-16c. C. and T., fol
lowed by the Howell and Federal for
sugar afloat at same price
These purchases of nearby offerings
have the desired effect Of steadyint
the market and the close is with 8
rather more confident tone notwith
standing that the Cuban crop news as
given elsewhere is more favorable fol
a full crop. The daily and weekly re
ports from Cuba are now of much i'm
portance.
Receipts In United States we're large
67375 tons, and stocks have increase;
to S5i,1S5 tons against 263 65l tom
last year, and $40 9SS tons the year be
fore.
Europe shows an easier tone and ten
dency at the c'ose. beet sugar at los
AID. this and next month, and los
Ga for August
Europe is now 81 cents per 10
pounds above our parity.
The tariff bill remains wlthou
change in the Senate
More favorable weather for work Il
the beet fields is reported from tn
Continent.
Late today We received cable at
Vices from Porto Rico, reportin
drought In some sections of that islam
and a reduction of 10000 tons in tn
crop estimate, to 2i5,OOO tons tota
outturn.
At the close We have received specia
cable report OF the introduction of tn
Budget, making no change In the dut
on British imports OF sugar and caui
Ing decline In refined sugar in tn
London market.
Cuba Crop Estimate.-The humble
OF 'Centrals now grinding is 1871, {
which many are on about half time an
will close for the season In week G
two. First rains April 18th. At thI
time last year only SO Centrals wer
: grinding and the rainy season set
May list, while on this date the yea
before, only SO Centrals were workin
and no rain until May 18th. The vi
ible production to date is LISA
tons OF sugar; II there Is produced du
J Ing the remainder OF the campaig
only the quantity produced same tim
last year 175.0OO tons), the total pr
duction will be 1882 900 tons. II thel
} Is produced as much as in the balant
> OF campaign two years ago (227,O(
tons) which is not improbable, III
: total output Of this crop will reac
1,3S4,O0O tons.
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