Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1910-12-08
CROP
ESTIMATES GROW
Experts Give Out Figures On
Beet Sugar That Are
Startling.

RAWs.-The notable features of
the week is the large Increase in the
estimates Of the European beet sug n
crop by all the leading crop experts.
The Factories" considered the
most conservative OF all, places the
crop at 1880 600 tons. and is only OK.
cecded by Otto LIGHT. who says l..
$4,000 tons. i. o. LIGHT estimates
1854 900 tons. With these large crop
estimates in hand 1t was to be expect.
cd that European prices for beet SUI
gar would decline considerably. but
In fact prices barely dipped below
9s., and recovered and remain sta.
t'Onary at 9s, confirming the conclu-
s!Cn that 9s. f. o. b. Hamburg Is the
virtual cost Of production. and any
decline from that price is quickly re-
ccvC"od.
Whether a big crop like this may
reduce the cost Of production Cd. and
permit decline to SIS. Cd. remains
to be seen, but even at this lower
price for beet sugar the Cuba plant
or can figure profit on cost and
still sell to the United States OF be-
low the European parity.
Sales of the week comprise 5000
tons Javas ut Breakwater at los. C.
l. f.. reducing quotation to 3.S7c. Tho
next sale of 300 tons Cuba Centrifu.
gals for prompt shipment from Liver.
pool at S.S9c. raised quotation to
3.S9c. The remaining sale G! the
week Of 5000 barrels Of Louisiana
clarified sugar for refining at 3.9Oc,
basis 96' test restored the quotation
to s.9Oc the same as last week, Sell
F, ing Louisiana clarified fc~ reflnins IL
somewhat unusual. as these sugars
generally 90 directly into consump-
| ton. Possibly the quantity made Is
/ larger than the groccrs can hlud'c
at once. and The fear of decline in
general values a little later induces
sales for refining.
About 1000 tons Javas at Break.
| water remain unsold and held above
the market. About 10000 tons centri.
! fugals In warehouse unCc;d and held
for S.9jc. About 50l0tons Cuba cen
| trifug1ls for shipment from liverpool
unsold and held ut 3.95c These con-,
prize remaining oferihss at the mopr
ent of old crop sugars. New cror
CuDas are offered at 2hc c. & +
, (3.G1c) january shipment 3.16c. G.
p f. FebruaryMarch, but buyers
show NJ interest. New crop, Philip
pine Islands increases 30E and early
deliveries February shlpmenD arc
CIcreh ut 2Ac. C. & {. So test basis,
, ecual to 1890, C. & (. 70" Cuba cen
tirucals, 96 basis C3.35c. per pound
duty paid. These sugars look chear
for AprllMay arrival, indicating some
sellers expectation of hitherto un
known low prices for those months
delivery.
Rains have recently fallen freely In
! sections &C Cuba where most needed
The first estate to commence grind
ing as mentioned in Government re
Fort will probably be the Francisco
! Central on December first Loulsi ma
crop outturn reports are somewhat
contradictory, but our report here
with shows largely increasing re
CENTS. largest week of the Season, ol
corresponding week last year, lndicat
! ing final outturn' about Jas orr csti
i mate. The weather Is re. o.ted gen
orally favorable for all crGps5of Yves
Indies Hawaii, india and Philippines
the latter Is responding. TO Tree duty
1 privileges rapidly, India gives prom
Use of slightly smaller crop ewing Il
reduced cane areas. Total imports
into India are now about the same N
last year. Demcrara crop reports re
main nessimlstic
Sec Now Japan Sugar Tariff SEIZED
ule herewith which will increase dil
ties about 40% on the principal grades
CT import next year. For United
Kingdom trade see statistics and mar
ket letters herewith Russian crol
estimates are of special interest. ON
Russian special correspondence give
two crop estimates TO add to the 9th
crs.
The enormous RuSsig1 crop in
crease Is really the cause OF mucl
of the prevailing depression, hut it II
well TO note that stocks In Russia Il
the beginning of the crop year weri
reduced to $4,000 tons against norma
stocks of 100000 to 100000 tons. an,
that exports to convention countrie
are limited to 100000 tons.
Non convention countries in 1901
received from Russia S0,000 ton
against 100000 tons in 19OS'09.
Larger receipts from Russia Il
1901 may displace some receipt
from convention countries. German,
sent about 100000 tons in 19O91C
Austria 100000 tons, France 10000
tons, but these were not materially
larger than in normal years. Rlssi
can always hold in reseryeJa ylarg
surplus production for coasurnptiol
in smaller crop years,
Receipts at the United States Fou
| Forts for the week amounted to 81
GAG tons including the first arrival o
Cubas from Liverpool, and, first al
rival Of now Louisiana crop fror
New Orleans.
, There are 5000 tons more OF Louis
lana Sugars row afloat to New Yorl
and further shipments expected re
finers Geeming it best to transfer par