Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1909-04-17
SUGAR


April refers to the raw sugar mar.
ket as follows:
Statistics BY Special cables.--Cuba
The six principal ports Receipts, 81.
900 TONS Exports, $4,000 TONS stock
e92, 900 tons, against $4,000 tons last
year.
Centrals grinding, 167, against 1856
in 1908 and $50 in 1907.
Stocks in the United States aud
Cuba together of 564,746 tons, against
5l7,19O. tons last week and 43O,i3i
tons last year. an increase of 1895
tons from last year.
Europe Stock in Europe, 2,936,OO0
tons. against 3,O28,O0O tons last year.
Visible Supply.-Tota stock of
Europe and America, 3,50O,7i6 tons
against 3,45S.431 tons last year at the
same uneven dates. The increase Of
stock is 42,315 tons, against a decrease
Of 1912 tons last week. Total stocks
and aHoats together show a visible
supply of 3,596746 tons, against 3,55S..
431 tons last year, or an increase of
3S,315 tons. " r...
Raws.-The week unler review
shows marked activity and improve
ment in. values, particu arly for spot
and April shipments. SPOT quotations
advanced 065c. per 100 lbs. and fu.
lures 1-16.per ID.
The. week began with moderate of.
ferings of Cubas for Shipment, but the
quantities increased with the advanc.
ing prices. SO that, at the close, the
quantity for April shipment on the
basis of 2 1l.16c. and f.. SO test. or
4.05c, per Id. duty paid, including sales
OF Porto Ricos at 4.02c. to 4.O5c. per
I'm. This advance, however, proves so
satisfactory to sellers that they are
willing to go on and increase their
! sales to the extent Of 100000 bags or
more now Offering on the market and
not yet taken by refners. A few rein.
ers have secured suitable amount
against their April requirements but
the others are expected to enter the
market shortly to meet their require.
ments for the month. While, therefore.
a hesitation to the long.continued adj.
vance may delay further Improvement
for the moment. yet the market has ev.
cry appearance of making further
progress upwards during the month
upon which we are Just entering.
The crop advices from Cuba, while
showing some falling OF in receipts
at shipping ports, yet show no undue
haste In this regard sufficient to war.
rant any change whatever In final crop
estimates, and the difference in parity
OF lac. per 100 lbs. from Hamburg
leaves sufficient margin for the expec.
tation OF further Improvement up to
the parity level.
Two centrals finished grinding dur.
ing the week. leaving 1877 still at work.
| European beet sugars show no par.
tfcular change during the week and In
passing over from March to April the
new quotations are for April los. 4hd.,
May los. sid and August los. 6%d.
Holders OF sugar have shown little
disposition to offer May shipment sug.
ar, but such business would certainly
be, practicable at 2 1l.f6c. @. and T.. the
same price as now current for the last
half April. Our spot quotations are
3.9S5c. for 96 test and last half April
4.05c. per ID.
As regards legislation, nothing of
Importance has TRANSFERRED during the
week. Congress being engaged In dis.
cussing the tariff bill in general way;
but during the coming week, the House
OF Representatives is likely to reach
the point OF considering sundry amen |.
ments to the bill. However, no amend.
ments have thus far been suggested,
especially to the sugar schedule, and
that schedule appears likely to pass
the House as already published By Ne.
We have received special clble
IRON our Java correspondents advising
that the Java crop this year from pres.
ent indications will be about the same
as last year, say 10000 tons, but
That later In the season some change
OF estimate may become necessary.
Receipts at the United States -Four
Ports are very heavy this week, the
total reaching 1856 tons and tho
stocks have increased 1856 tons.
European cables report favorable
conditions for the field work.
AT the close the market is easier,
with sale of 5000 bags Cubas, for
prompt shipment, at 5-Sc. c. and T.,
say S.sS5c., at which we quote spot
value.