Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1910-07-26
SUGAR Will
SOON GO UP
RAINS DELAYING
EUROPEAN BETS
Closed Refinery Reduces Meetings
Lar0e Demand for Refined Sugar
Cuban Weather Conditions
Favorable.

Europe ami America. 2.O12 400 tons
against 2.OSiS2j tons last year at the
same uneven dates. The decrease of
stock is 1896 tons, against de.
crease of llO.3Gi last week. Total
stocks and ahoats together show a
visible supply Of 2,1GIi3O tons.
against 2.227.S2j tons last year, or a
decrease Of G339j tons.
RAWS.-The week under review has
been unusually quiet and uneventful.
Only small business was put
through. and quotations for this re.
manned at 4.33c per III. until yester
day. when cargo of Porto Rico Cen.
tIifugals due at this port was placed
to the Arbuckle refinery AT i.30c. per
h.. the best bid on the market at the
time.
Thcre are several buyers at this
quotation. however and It is fair to
think that this was an exceptional
sale and that the current market quo
tation will soon be renewed at i.33c.
per Id. basis. because the demand for
refined sugar Is uneXccptiOnally large
and increasing and raw sugars will be
much wanted by some refners II not
by all. Sellers, as rule. are not
urging their stock on the market, al.
though on the basis of Sc. C. g. T.
C4.36c) considerable quantity can
be purchased in all positions. We cx.
pect to see this price made again dur.
ing the present month.
From Cuba. our weekly returns
show receipts of 5000 tons, against
1000 tons last year, increasing the
present crop outturn to 1,Sl3,5S2 tons,
provided receipts from this time for.
ward equal the receipts during the
same period of last year.
The conditions for the growing crop
ms regards weather, continue moder'
ately favorable, especially in sections
where fairly good rains have been OK.
periCncad II Is too early yet to esti.
mate the coming crop, although II will
be no surprise Il II proves to be large.
/ Messrs, Guma.Meier give the pres.
ent crop production To June Both as
,GS9, cas- tons.
Regarding European beet crops,
general rains occurred all over Eu.
rope recently and where needed have
done much good. although in some
sections the rains already received
have been sufficient and warm, dry
weather us now desired Former dry
weather was most severe In Russia
and eastern Hungary and still more
rain would be useful there, although
the crop Is doing quite well. On the
other hand, in France and Belgium,
rains have been excessive for some
time and are holding back the crop
and field work, and warmer conditions
are generally desired.
From Mauritlus, unfavOrable woa-
Their has recently affected the growing
| crop. so that our correspondents now
estimate 100000 tons. against 100000
1 tons for the present crop.
From Brazil, we learn that an UNI
usually large crop Is expected this
yeur, from which crop no doubt the
United States will participate in to
! some extent at least. greater than
! during the past year or two.
From general outlook of the sug'
~ situation. larger amount of sup
! plies appears to he coming visible,
which may in the end lead to reduc'
! ton in the present abnormal values
in Europe. For instance, at the com
mencement of this wear the total fig
ures of worlds supplies showed a de
crease of 552,6lO tons from the pre-
vlous years figures. The same com
narison today, by our figures given
! elsewhere, reduces this decrease "a
| 1896 tons, showing the statistical
trend to be approaching normal con
ditions. From this exhibit, Il Is evil
! dent that current prices In Europe
must within the next two months give
way to new basis of values upon
new crop conditions.
The present parity difference be
] tween new crop beets, OctOberDecem
, Der delivery, and Cuba Centrifugals
at present value Is only l3c, per lb
Present offerings of Java sugars are
on the basis Of not less than l2s. Cd.
equal TO 45lc. per Id. at New York;
but this price IL for October.Novem
Der arrival. Beet sugars for the same
delivery are at about 4.46c
U. S. Four Ports receipts, 35lG'
tons: MEETINGS, As 600 tons; tota
stocks in U, S. and Cuba together