Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1910-07-07
CUBA ESTIMATE
HOLDS GOOD
BIG ISLAND PLANTERS
ss~ 49, WAITING FOR PRICE
London Quotations Give Indication
Of Dull Market - Weather Fa-
vorable for Beet Growing.

The Federal Reporter OF June "a
makes the following report ON the
sugar market:
Raw Sugar.-The market has con-
tinued firm, and sales are reported of
u further 5000 bags Porto Ricos, due
next week, at 4.2ic. C. |. f., basis 90, to
the Federal Sugar Refining Co., 1000
bags to 5000 bags Cubas, for June
July shipment, at 27sc. cost and
freight, basis 90, to the Warner Sugar
Refining Company, and about $4,000
bags Cuba sugars, In port, at 2Bc. cost
and freight, basis SO, to Messrs. Ar
buckle Brothers. The latter cargo
was on a steamer which has been In
port since May IL, and had to be sold
or stored, as the Government limit
would be up In few days Yester-
day the Federal Sugar Refining Com
pany purchased about $1,000 bags
Cuba centrifugals, to be loaded dur
ing second half July, at 2 l5-l6c. cost
and freight, basis SO, and Messrs. Ar
buckle Brothers secured further 49,
900 bags afloat, at 2Bc. cost and
freight, basis 90. The general tone
TO the market Is If anything firmer
| this morning, with most sellers ask
freight. basis 96, for Cuba sugars in
all positions. One lot OF 10000 bags
Cuba Centrifugals is Offering at 2
l5-l6c. cost and freight, for early
July loading, and 10000 bags Porto
Ricos, second half July shipment. at
4.30c. C. |. T., basis 90. All rehners are
interested in sugars In any position,
at 2hc. cost and freight, basis 80, and
4.24c. duty paid, and there is an in
quiry from New Orleans, for second
half July shipment, at l5-l6c. cost
and freight. All reports from Cuba
and Porto Rico state that the remain
ing stocks are in strong hands, and
\ are being held for higher prices. The
spot market is also tirm,and all UNI
sold sugars have practically been
cleaned up, excepting the cargo OF
5000 tons Porto kicos, which is held
at 4.27c., with indications that owners
may raise their prices shortly to 4.30c
4.24c. has been bid and declined for
this cargo. We would therefore call
the spot market firm, at 4.2ic. to 4.21C
duty paid for 80 centrifugals, 3.7ic to
3.77c. duty paid for so Muscovadoes
and 3.49c to 3.52c duty paid Tor 81
molasses sugars. The worlds visible
supply is 100000 tons, against, 2.430,-
900 tons last year. Messrs, Willett
Gray's estimated stocks aiioat to the
United States are $4,000 tons, against
$4,000 tons last year, and the stocks
err 67S,0S0 tons, against 665,377 tons
last week, and 593,ll6 tons last year
an increase of Si,96i tons from last
year.
Cubn.-We have received no spec
ial news by mail or cable, and under
stand the present crop is still expect
ed to turn out 100000 tons to l,750,
900 tons, and the weather ut the pres
ent time is favorable for the growing
crop, but too late to make up entirel,
for the damage previously caused b,
the recent severe drought.
Europe.-Cables received the last
few days show that the European
markets are very firm. with June
July-August beet quoted at las. ID
Mr.. +. o. LIGHT cables today that the
weather Is favorable for growing
beets. Although recently the daily
cables which have been received Civ,
ing the London curb market closing
have indicated dull market, witt
considerable decline from the opening
prices, we still continue to give thes,
In our reports, although they have lit
tie II any effect on the situation here
as the European markets generally