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


nal for July Il reports as follows on
the raw sugar market:
VISIBLE SuPPLY.-Total stock of
( Europe and America. 2Ol2430 tons
| against 2US7S25 tons last year at the
same uneven dates. The decrease of
stock is 1896 tons, against a de-
I crease of llO.3G4 last week. Total
stocks and ahOats together show n
visible supply Of 2,1GI.430 tons,
against 2.227S25 tons last year or, a
| decrease of 90. 1886 tons
RAWS.--The week under review has
been unusually quiet and uneventful.
1 Only a small business was put
| through, and quotations for this re.
NAMED at 1890. per ID. until yester.
day. when a cargo Of Porto Rico Cen.
trrugals due at this port was placed
to the Arbuckle refinery at 4.30c. per
h., the best bid on the market at the
time.
There are several buyers at this
! quotation. however. and II IL fair to
think that this was an exceptional
sale and that the current market quo.
tation will soon be renewed at 433c.
per ID. basis, because the demand for
refined sugar is uneXceptionally large
and increasing and raw sugars will be
much wanted by some rehners II not
by all. Sellers, as rule, are not
| urging their stock on the market. al
though on the basis Of &c. C. & {.
(436c) a considerable quantity can
be purchased in all positions. We ex.
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
as regards weather, continue moder'
ately favorable, especially in sections
where fairly good rains have been ex.
perienced II Is too early yet to esti'
mate the coming crop although It will
be no surprise II Il proves to be large.
Messrs. Guma.Mejer give. the pres.
ent crop production to June Both as
.6S9,675 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 Is 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 Mauritius, unfavOrable wea'
Their has recently affected the growing
crop. so that our correspondents now
estimate 100000 tons. against 100000
tons for the present crop.
From Brazil, we learn that an I'M
q. usually large crop is expected this
vpur. 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'
. az situation. larger amount N sup
! plies appears to be coming visible,
which may in the end lead to n reduc'
= ton in the present abnormal values
/ in Europe. For instance. at the com
. mencement of this year the total fig
ures of worlds supplies showed de
| crease OF 552,6l0 tons from the pre-
. vous years figures. The same com
r narison today, by our figures given
, elsewhere, reduces this decrease to
1886 tons, showing the statistical
trend to be approaching normal con-
: dltons. From this exhibit, II Is evil
/ dent that current prices In Europe
: must within the next two months give
. way to a new basis of values upon
= new crop conditions.
The present parity difference be-
/. tween new crop beets, October,Decem
= Der delivery, and Cuba Centrifugals
at present value Is only l-3c, per 10
2 Present offerings of Java sugars are
on the basis Of not less than l2s. Cd.
, equal 20 45lc. per ID, at New York;
. but this price is for october-Noyem
T. Der arrival Beet sugars for the same
: delivery are at about 4.4Gc.
| u. S. -Four Ports receipts, 35lG5
tons; MEETINGS, As 900 tons; total
e stocks In U. S. and Cuba together
= $50 ,i2O tons, against 62G 265 tons last
t weex and SAL 1926 tons last year.
= The MEETINGS are reduced from the
= normal by the closing of one of oul
s largest refnc-ies.
J. Willett 6 Grny's Sugar Trade Jour
/, nal for July Z says Of the raw sugar
market:
/ VISIBLE SUPPLY.--Total stock O
4 a Al