Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1910-03-18
SUGAR

Willctt 4 Gray's Sugar Journal for
Feb. ~ reports rs follows on the raw
sugar market:
VISIBLE SuPPIY.-Total stock of
Europe and America. 3lSi3i2 tons
against 3 55l $50 tons last year at the
same uneven dates. The decrease of
stock Is 7,2i7 tons, against u de.
crease of aji .405 last week. Total
stocks and afioats together show visi.
BILE supply of 3.275,342 tons, against,
3.64I 5SS tons last year, or a decrease
of 372 247 tons.
RAWS.-Another week Of abnormal
conditions and advances has followed
I the remarkable activity and advance
of the preceding week Spot quota.
tions advanced from 4 20c. per pound
to 4S0c. per pound. and cost and
freight from 2.iSc. to 2.9ic. per pound
for prompt and &c. for second half
March. the offerings the close being
limited and generally at slight adj
vance asked.
Europe. however made the largest
advance, from l3s. sad. per cwt equal
to 4.SGc. New York to 1875. lOlsd.. equal
to i.95c. New York. II Is notable
Feature that Cane Javas advanced to
las. 3D.. per cwt. which Is Just the
equivalent OF 2 15-l6c. C. d I. New
York for Cuba Centrifugais. so that In
regard to Cane sugars London and
New York are at the same parity,
while the parity difference Of European
Beet sugar and Cuba Centrifugals Is
'65c. per 100 pounds less for Cubas. A
rise of 4hd In London On one day
of the week led to quite AN unscttle'
ment of values here and has restrict
ed business up to the present writing
The sales Of the week comprised
1906 900 bags ON Friday of prompt and
March shipment nj 21Sc. G. a I. f.2icD
, and IL 600 to 10000 bags Porto Ricps
at i.235c. G. |. (. delivered. European
Operators alro bought al 29ic C. 4 T..
> "A S0c) and San Domingos were sold
to the United Kingdom NJ 1875, 3D..
Ic. |. T. Some San Domingo Centrifu-
gals were sold to United Kingdom on
Monday nj l3s. Cd. e. l. T.: $4,000 bags
Cubas for prompt and March shipment
, were sold on Monday at 2.9ic, c. e. T.
a 30c) 10 reilners and 100 600 bags of
second half March Cuba Centriiug ils
to operators at 29ic. c, a. (. a 3lcD
Yesterday sale of second half March
: and April shipment was made to New
. YORK refiners at &c. C. 4 f., with re-
I ports Of larger purchases at the same
3 basis.
The Immediate cause of the alvanca
/, IN Europe was placed to the credit OF
n news from Cuba that the crop was
/ suffering from drought.
"a Operators are still In the market for
4 Cuba Ccntrifugals ut full-up prices fol
q April and May shipment, and nj the
same time are reported as meeting
I the market with resales at current
q prices IN Europe but not here. II will
A REQUIRE n few days for the market
!. 10 become better settled.
4, Tuesdays Cuba cable gave reduced
n receipts of GS 900 tons. against "A.
900 tons last week with expnrts 81 90,
o tons and stocks 10000 tons, with II.
>. Ccnira's grinding and crop sufferinl
~ from drought since when nothing fur
\. Their has been reported regarding thu
4 injury from drought, We publish al
10 interesting letter from Cieniuego
Ie touching on this point, indicating tina
the damage irum drought Is noted |,
~ sections but Is not general
~ Receipts In the United States Fou
Ports were ~ 800 tons include II 81
tons from Cuba $50 tons from Port,
Rico and 3.2GS tons from Hawaii am
70 1876 tons of domestic. Only 1913 ton
3. came from other West Indies Of ful
~ duty sugars, which was imported b
consumers.
We estimate the production of suga
" In the entire Island Of Cuba 10 dat
W. Gas 600 tons, Adding to this the sam
~ production as last year after this dat
" would give a total crop of 1,637,O0
vi tons.
~ There Is little of interest from othe
DE- producing countries excepting tha
both the Hawaiian Islands and tn
is Philippines have had severe storms
On which has interfered with the openin
y, Of the campaign in both territories
NJ +. o. LIGHT reports favorably regar'
~, ing field work In Europe.
a p. S.-A sale of prompt at &c. a.
or vances the spot quotations to iS6c.
70 80