Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1910-02-21
SUGAR


F,b. says of the raw sugar market:
Visible surpIy.-Total stock of Bu-
rope and America 1922 S13 tons
against 3592,0S2 tons last year at the
, same uneven dates. The decrease of
stock is 1863 2i9 tons, against de-
crease Of 1856 us last week. Total
stocks and aAoats together snow Wis
iDle supply OF 33lS,Sl3 tons Against
1868 O32 tons last year, or a decrease
OF 344 2l9 tons.
I Raws.-1hc spot quotation has ad.
vanced from 4.0Sc. per pound 50 test
centrifugas TO 4.17c. per pound this
week, caused by improving markets
abroad and improving DENIM AZ home
from reiiners to secure a considerable
amount OF sugar under the market de.
| preston of the previous week. The
! business of the week comprised sufl.
cient amount to bring the total crop
sales this season to date up to about
400 900 tons, of which $4,000 tons
have already been received here and
with $4,000 tons afloat. leaves some
100000 tons sold and not delivered,
1, principally for February and early
March delivery. This amount is nor
mai and not abnormal for the refiners'
| lequiremcn,s at time of It's arrival.
and leaves the Cubsn market I'm good
! position for further future contract
sales at full prices. In the meantime,
Some 100000 bags are en- the market
! for sclo at this writing a; isle. c. and
| f.. basis tequll i.i7c. landed. and
these mostly IN moderate amounts. A
quick purchase of these offerings
would leave the market in sti'l strong
er position, while should buying be
delayed some 70 Ter IN instances might
| be inclined to concede small frac-
ton to dispose of minor shipment,
so that while the tone and ten lency of
the market is to sustain fuil-up prices
yet there Is o slight possibility of TEN.
/ po.aly concessions for reasons. The
1 close IL easier. with sellers at 2.7Sc. c.
nnd T.. and buyers holding of.
The general trend Is towards event
NJ further improvement.
The sales Tor prompt shipment,
Cubas to the Arbu:kic refinery. which
| l 'isci the quotation from 4.GSc to
il7c. We're made on February LIT, af-
ter = sale the same day of Porto Rico
ccntr!fuSn!s to- immediate shipment
! At 414c.
: The Cuba cable information gives re-
ce!pts at six principal ports 10000
tons the largest receipts during a
week of any Cuba crop. with exports
As 600 tons, end stock in six principal
ports 10000 tons. with 1863 cantrals
grinding an increase of Ave for the
week.
In 1907 the entire number OF cen
trails in the island OF Cuba were work.
ing during the correspon ling week of
that year while now six or seven re.
main to begin grinding
We estimate the visible production
OF the entire island of Cuba to date as
S27 900 tons against 236 900 tons last
year and $4,000 tons In 1907. an in.
creased crop production OF 81 900 tons
over last year.
| In Europe. the depression previously
noted cnrne to an end and renewed ad-
vance began with vigor. beets early
| this week touching 12o. 9%d. from
+ which point they have advanced to 13s.
, Tor February and l3S. 2Ad. for May
! delivery, closing slightly easier at%d
reaction.
+. o. LIGHT clbled weather In Eu-
rope unfavorable for field work. His
latest estimate Of European beet crop
! In detail Is given elsewhere; also, his
opinion regarding the sowlngs for the
next crop. which may prove quite i'm
poltant in the distant future. Details
! Of damages to crops in France by rea.
! son Of the Hoods have not yet been re-
cciyea Should the wheat fields have
been Injured, these may be plowed
under and sown to beet seed, increas.
Nc the beet crop somewhat thereby
| but this Is only a surmise thus far on
4 our part. Elsewhere I'm Europe, ma
terial increases of sowings are doubt.
full
An intere sting feature this week. Il
the table of parity of cane sugar prices
given on another page. Nothing OF
special interest has come to hand
from other sugar growing countries
| AT the close enquiries arc ytill max
ing for Cuba centrifu~''s Tor shipment
to Europe, with ross'b'o sn'os ~ San
Domingos to Tn+ted Kingdom IN the
basis of 12s. 1Gtad e. g. ana 1. The
latest enquiries OF CubiS are for April
{ shipment on basis OF 2Bc. C. and f.
| New York.
! Thus far. some 10000 tons Cubas
have been sold for shipment to the
United Kingdom at prices understood
! 70 equal to shade higher than quota
lions current hnra nj tipna NJ cole