The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1910-06-22
WILLETT & GRAY'S
LATEST LETTER

Willett & Gray's New York sugar
letter of June 9 contained the fol.
lowing concerning the market for
raws:
This has been a quiet and feature
less week in raw sugar, without
change in quotations and with only
few sales practicable. ?
Notwithstanding that Europe turn
ed upward and made some progress
in that direction, yet the Cuban eX-
ports for the week came so mcuh lar
ger than expected that buyers re-
Trained from purchasing in expecta-
ton that some unsold sugars from
these exports may be pressed for
sale on arrival.
Sales include one spot sale of Cuba
Centrifugals and $4,000 bags Porto
Ricos afioat at basis 4 .24c per pound
landed; also 10000 bags Cubas, July
shipment at 2 21-32c. C. & f., equal t.
4 33c. landed
Offers to sell second half June at
2 15-16c c. &; f. found no buyers for
some reason.
The Cuba cables received by, us
during the week are interesting in
that they show no diminution of cror
estimates, but a rather further in
} crease.
Messrs. Guma-Mejer's figures of to
tai island receipts to May 31st are
1,612,S14 tons, against our previous
, estimate of 1,595,OOO tons. Receipt,
last year after June LIST to end o
e crop were 1S1 ,9O2 tons.
The same receipts this year will
l. give a crop of 1,794,716 tons.
Our 1,75O,OOO-ton minimum estimat
l. is now well within the final outturl
crop, which, considering the large
number of Centrals working, ma.
still reach 100000 tons. We d
D. not, however, change our crop est
mate, but simply give figures a
p above when the weekly receipts ar
reported.
= Total stock of sugar in the pril
D. cipal countries of the world, Ma
LIST, was 2,672,6OS tons, against 2
s, 7S3,145 tons last year, a decrease
110,537 tons for the world, but deduc
~ ing the U. S. and Cuba stocks. $50
14S tons, leaves for European tot
g, stocks 1,S42,46O tons, against La
year, with 726.165 tons stock of U.
and Cuba deducted, 2,O56,9SO tons
decrease for Europe alone of 214,5.
g, tons.
The United States refiner is st
"a more comfortably situated than Il
European refner as regards supple
ell in sight, which accounts for the co
tinued large difference in parity l
is tween New York and Hamburg. Sc
per 100 pounds.
Tie We are able elsewhere to give fl
information and figures of Ph
ell, lippine crops, which are now in no
ton to add to our refiners' spec
T. supplies from year to year. The
is' finers will not benefit very much Il
year, however, as the crops are SIN,
ly' The following years will show m,
or less rapid increases in productir
D. Europe, after quoting 14s. 4 l..
for beets last week, has improved
Vi Ids 8 Id. at the close. having s.
some distance to rise before rea
al" ing previous high noint of the sea,
lbs. IL d.; August beets are Ia
10 Id; against 15s. lid at highest
The European beet crop weat
on' Is very favorable by cable repo
considering the recent dry season
ports and lack of rain is now O
feared for the future.
ger Our other cable crop adyices of
for week, given elsewhere, change
to crop estimates by 5000 tons incre
hat for Porto Rico and $4,000 tons
,eIf for Philippines; also a small deere
from last year is Indicated for j