Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1910-08-19
SUGAR PRICE
Will HOLD GOOD
PHILIPPINES SHIP
MUCH TO AMERICA
Quotation on New and Old Beets
Looks Good-Java's Sugar Not
in Demand by American Re.
fners.

Willett & Gray's Sugar Trade
Journal for August reports on the
raw sugar market as given below.
! One OF the most significant state
ments is the quotation for new crop
beets. October December delivery,
that shows every indication OF a
good price for sugar being maintain
ed throughout next season:
Visible Supply.
Total stock of Europe and Amer.
lea, 1,S64,197 tons. against 1885,
$40 tons last year at the same un-
even dates. The decrease of stock Is
22.639 tons, against decrease of
59,096 last week. Total stocks and
afioats together show n visible sup
ply of 2,O4S,197 tons, against o.
116.s36 tons last year, or a de-
crease of 6S,G39 tons.
Raws.
When Il Is considered that two OF
the largest refineries in New York
continued closed in consequence of
labor troubles, thus materially re-
ducing the demand, the raw sugar
market has done well to remain
steady throughout this week.
fair volume of business has been
done at current quotations OF &c.
c. a (. for Cubas, and ACC. landed
for Porto Ricos, including prompt
shipment and second half August
clearance to New York, and part for
Boston; during the early part of the
week the sales were made privately.
Some holders think they will do
better by waiting for the expected
increased demand after the strike Is
settled, and they may not be disap-
pointed.
Receipts at the United States four
ports for the week were heavy, &c.
3ll tons, but will probably be small
er next week, while MEETINGS (45,-
OOO) keep up pretty well notwith-
standing the strike.
The receipts in Cuba continue
rather larger than last years. and
the weather there is favorable for
the next crop.
Our usual cables giving total Gu
ban production to end OF July, and
exports from Java for month OF July,
have not yet been received.
Javas are not freely offered. and
those obtainable are wanted more In
Europe than in America; bid OF
14s. led. floating landing" (equal
to 13s. Z 1-2d. c. C (. to New York,
or 4.7Oo. landsd) was made by Unit
ed Kingdom buyers. and was refused
for cargo shipped first half July,
The American renners are not IN
terested in Javas at present, as they
can buy Cuban sugars land carry
them more cheaply. until the time
when Javas can arrive.
In response to our special inquiry,
we have today received cable adj
vice from Batavia that India will
probably import this year more sug.
ar from Java than last year, not
withstanding the increase in the
sugar crop OF India. lava makes a
grade of sugar specially suited 10 tho
wants OF india, the trade In which
Is growing rapidly.
As Hongkong must also draw on
Java more heavily than formerly TO
replace the Philippine sugars now
unayallable for that port. It is evil
dent that the shipments from Java
to Europe and to America this year
will be considerably reduced
Our special cable adyices received
today show large shipments 100000
tons) from the Philippines TO the
United States during July.
European markets are 1-2d. low
err for cane sugars but Sd. higher
for speculative, beet sugar, August
delivery, being quoted at 1is,
II lid. I. o. b., Hamburg. the par-
ity OF 5.lDc. for Oentrifugals at New
York. September beet is quoted al
13s. IL Id, the parity of 4.97c
for centrifugals. which looks low to
. some people compared with August
but It is really full up, being Sad
, higher than the quotation by mail
. During September the old beet croT