Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1910-10-13
new SUGAR.
YEAR osborn
Small Quantity of Cuba's Old
Crop No Effect on
Market.
FORECAST FOR NEAR ...
FUTURE NOT MADE

Willett & Grays latest Sugar Jour
nal under date of Sept. 90, has the
following comment on the raw sugar
market:
VISIBLE sUPPLY.-Total stock OF
Europe and America, SS1.429 tons
against S31 ,27l tons last year at the
same uneven dates. The increase Of
stock is 50,l5S tons, against an in
crease of 65,923 last week. Tota
stocks and afloats together show q
visible supply of 1,1O2, 429 tons, against
1,07S,27l tons last year, or an increase
of 24,15S tons.
RAWS.-Dming the week under re
view prices have followed the trend
of the European markets, as has been
the case for the past three weeks.
Those markets continued their de
cline, until today beet sugar touched
los. sid. G.2Oc. parity here), the low
est point Of the campaign.
The business tof the week was. 20,
900 bags Cehtirelgals from store al
Also. per 'lb.. 96' test. against previ
Gus sale at 4.2ic. per h.. and later @
cargo of Cubas for prompt shipment
at 2.Nc.. equal ito allie. landed. 96'
test, followed by sales at 4.O5c., now
the spot quotation.
At the close of a very considerable
amount of Centrifugas in all positions
are on offer at i.C5c. with buyers
showing little. If any, inclination to
go on. while waiting for European
markets to find steadiness at some
level.
Under present conditions II Is use
less to attempt to forecast the imme
diate future.
The remaining stocks in Cuba are
so small as to be OF little effect OF
our market, but the fact that several
unsold Java cargoes are fast an
preaching our ports, is an important
influence 10 be dealt with soon. These
Javas are owned abroad, and thus di
rectly under the influence of the Erl
ropean markets, in which beet is now
relatively cheaper than cane.
The new sugar campaign year Is
at hand, and reports from the various
crops of cane and beet Indicate large
outturns OF both, while on the Other
hand, the consumption of the United
States at least is being curtailed some
what by the political crisis through
which we are passing this fall.
Stocks in the United States am
Cuba together are 249,429 tons against
2S3,O97 tons last week, and 1927
tons last year. g.. .E..
From India we print the first mem
oranda Of the crop of 1910-19ll. ISSUED
by the Government, indicating an
acreage in cane nine-tenths of N less
than last year. Weather conditions
on the whole. have been favorable fol-
the crop. The latest Official estimate
of last years crop is 2,125,300 tons. A
decrease OF % would mean d croI
about 100000 tons less, or say 1912,
500 tons. The imports of foreign sug
ar into India for the month of July
show decrease of about 10000 ton.
from last year, but as our advices
from Java show the cause of this Il
be delayed shipments Of Javas to In
dia the total shipments of Java sugars
to India are expected to be fully as
large as last year.
We print this week the "commer
clal Estimate" Of the new beet crop
as published In r. o. LIGHTS Monthly
Of Sept. IS, 1910, and to which we re
ferred last week. The average Of thes,
figures gives Germany a crop Of 2,
$4,000 tons, Convention countries to
sether $4,000 tons, and all Europ,
7,2o5,ooo tons, as compared with crop,
Of 2o27 coo tons, Assoc tons ant
6,13s,ooo tons respectively last year
It is to be noted that these estimate,
credit Russia with a very large in
crease, and as that country has hat
large deficits during the past tw,
years its stocks are now short, AM
large supplies are needed at home In,
medately As the sugar trade OF tina
country is carefully regulated by Gov
ernment, the necessity should act a
quite an equalizer. The increase II
Russia Is thus given as Ao5 0co tons
or 353% over the last crop, while tina