The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1910-11-22
SuGAR STATEMENT
Continued from page f1veO

year. total ssYcRs in the United States
and Cuba 144,934 tons, and increase
Of PABLO tons from year ago, while
the estimated stocks ahoat to the
United States is figured at $4,000 tons,
against 100000 tons last year.
At the close Warner bought 10000
bags Cubas for prompt shipment at
~ 1-2c or equal to assoc duty paid.
CUBA.-There is nothing of special
interest. The weather generally is
favorable. Reports from the Island
differ quite radically. Some are look
| ing for a big crop, while others con-
| tend that the drought of last spring
will result in a smaller crop than last
season. We consider that it will be
smother month or six weeks before
any reliable estimates can be made,
and of course, much will depend on
the weather, not only for the next
two months, but during the grinding
season.
/ EUROPE:-Licht cables us today
| that the weather is favorable for field
work. After the violent reactions of
last month, there has been some i'm
provement, and today's closing is as
follows.
November buyers 9s O%d, equals
S.S9c duty paid New York.
December buyers IS I'D, equals
3.91c duty paid New York.
May buyers 9s AID, equals 396d,
duty paid New York.
August buyers IS gid, equals 4.OOc
duty paid New York.
At these values there is naturally
much talk about the cost of production
of Leet sugar in Europe as it is gene
rally conceded that while prices may
for period decline below the cost of
production, when this condition is
reached there is sufficient resistance
on the part of producers to cause
prices to react again in a short time
to a higher level The consensus of
opinion seems to be that IS 3D. f. o. f.
Hamburg is about the cost of produc-
ing beets in Europe. In some locali
ties the cost may be a tritle higher
or lower dependent on local conditions
! This does not necessarily mean that
prices abroad have already reached
their lowest point, as, with such an
enormous crop to be taken care of as
this years production bids fair to be,
| q decline from today's value is quite
possible and certainly no increase
would appear to be warranted for the
present.
JAVAS:-We desire to correct an
error made in our last report. The S.
S. "Elloe," with 5,54O tons, having ar
rived to Messrs. Arbuckle Brothers,
leaves but 81 $3.50 tons still to arrive,
of which 1880 tons are sold to
Messrs. B. H. Hawell, Son & Co. This
leaves 10000 tons now at Delaware
Breakwater as the only unsold Java
sugar available between now and the
first of the year.
LOUISIANA: Condition recently
have been very favorable for the
ripening of the cane. Grinding is pro-
/ crossing in very satisfactory man
ner.
DOMESTIC BEETS:-Are at the
moment being held on the basis of
45Oc, and it is said that there is a
fair demand for immediate delivery.
REFINED SUGARS.-All prices and
market conditions have remained un-
changed, with the different refiners
quoting 460c, cash less l per cent
f. o. b. New York. At certain con
signment points the Federal Sugar
Refining Company, to clean up stocks
have been naming a price of 455c
Buyers continue to operate on a strict
ly hand to mouth basis, but the daily
deliveries show up fairly satisfactory
all things considered.