Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1910-09-27
JAVA SUGARS
ON MARKET
Decline In New Crop Beets
Comes Sooner Than
Was Expected.

Nlli''' hlhN sugar luNIHHl loI
September IL says Of the raw sugar
market:
VISIBLE SUPPLY. - Total stock
Of Europe and Ameri q. l,Oi5.539
tons against sig.55C tons last year
at the same uneven dates. The in
crease of stock il 1924 tons.
against an increase OF score last
week. Total stocks and anoats to.
gether show visible supply of L.
1888 tons. against l.l54.2G5 tons
last year, or an increase Of l6i,97I
, tons I
RAWs.--The week under review
has been under the influence OF the I
European market. and advices from
there have been most disappointing
TO holders OF sugar here. A steady
decline In both old and new crop
beets has brought the new crop for
| October delivery to lis. Sd. per cwt.
I. o. b. Hamburg. equivalent to 4.37c. |
per 10. parity for centrifugals here.
This decline In new crop beets to
the parity OF our market has come
much sooner than expected. and
from now on the two markets should
follow each other very closely, any
further decline In new crop beets
being met by similar decline In
centrifugals. or vice versa. Java
sugars. which have been held In
London at values considerably above
our parity. has also declined stead.
| lily until at the close they are quot
ed at l2s. Sd, the parity Of Sc. c.
a. {. New York for Cubas. Hence
the European quotations must be
closely watched for the tone and ten
dency OF our market.
During last week our refiners &c
cepted very considerable quantities
of centrifugals from store and afoat
and for shipment at the Sc. c. n Z.
basis (4.36c.. but during this week
they withdrew entirely from the
market. leaving some 1000 bags
In store and for arrival remaining
unsold. and for which l-32c. to
Lice. per ID. concession must be ac-
cepted in order TO sell.
II will be seen from the above that
the prevailing sugar conditions are
somewhat different as regards the
future from those expressed by rs In
last weeks remarks, although
brought about entirely by European
market, conditions. to which we
called attention last week.
No doubt somewhat OF the changed
: aspect In Europe IL accounted for
d., by the cable reports from Java OF
! September IA, given elsewhere. and
showing unusually large exports
during August. available for both
the u. X. and the U. s. Some near.
by ahoats from lava are approaching
In price TO parity OF our market aud
likely to be pressed for sale at any
moment.
Our advices relating to the Euro
pean beet crop are virtually un-
changed for the week with the ex-
: ception OF less favorable weather re-
Gently In some sections. We print
= herewith the preliminary estimate
= OF Mr.. Otto LIGHT. of Madgeburg. OF
), 1000 900 tons crop compared with
his recent outturn OF G.l2s,000 tons
u for the last crop. Mr.. Otto LichtS
> preliminary estimate Tor last years
crop was G.675.O00 tons.
f. o. Licht's estimates are not
= yet at hand. The notable feature
of the European crop Is that thu
greatest comes from Russia, which
m IL placed at 100000 tons against
!. 1900 tons last crop.
(. Referred to In another column are
" Cuba crop figures showing receipts
20 September l, l.77s,122 tons
which. added to 45.iS2 tons receiy
cd after September l last year
= would give crop this year OF l.,
u Si4.254 tons.
l' A recently reported hurricane II
Ne the West India Islands did more goo'
ie than damage to the crop, as q
Id brought good rains which wer,
W needed.
W Four ports receipts for the weel
ry were light, 1880 tons; MEETINGS
OF %, 900 tons. and total stocks In tn
O. U. s. and Cuba together S25,53
ks tons, against last week 1864
es tons, against last year 254,656 tont
al The immediate future of our mar
p ket depends almost entirely upo'
~ the disposition OF European holder
p of stored sugars here and OF Jaw
he CaTgOes afloat.