Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1910-08-03
SUGAR BILLED
TO GO Higher
TIE JAVA CROP IS
GOING TO BRITAIN
Cuba Centrals Nearly Done Grinding
Strikes Interfere With Melt.
ing Operations.

the raw sugar market:
Statistics by Special Cables Cuba.
The six principal ports: Receipts.
1000; Exports, 10000; stock, 100000,
against $4,000 tons last year. Cen
trails grinding 4, against s last week
and 8 in 1909 and in 1908.
Stocks in the United States and
Cuba together Of 56s,sli tons, against
5S2.43O tons last week and i96,l27
tons last year, an increase of 1857
tons from last year,
Europe in Europe, 100000
tons. against i,ii5,OOO tons last year.
Visible Supply.-Total stock of
Europe and America, l,SSS,Sli tons
against 1,9i1.l27 tons last year at the
same uneven dates. The decrease of
stock is 52,313 tons. against decrease
OF 1896 last week. Total stocks and
anoats together show visible supply
Of 2,OiO,Sli tons, against 2,ll6,l27
tons last year, or decrease Of 1878
tons.
Raws.-Under our remarks last
week, we said that the sales of GEN.
trifugals at the 4.3Oc. basis were ex-
ceptional. and that the current market
quotation would rise to the &c. C. and
(. basis again. This forecast proved
correct, as only $4,000 bags we're sold
at i.30c,. and the next sales on Mon
day and Tuesday were at the basis
of &C. c. and T. H.36c). Al this basis
some 100000 bags were taken by three
refiners. including 10000 Cubas and
$4,000 Porto Ricos, July and August
shipments.
I At the close there are still some
100000 bags centrifugals for prompt
shipment offering on the market at
&c. C. and T. basis, but for August
shipment i-32c. per ID. higher Is
asked. with the tone and tendency In
favor OF sellers. New Orleans is re-
ported to have paid 3.O3c. C. and {.
A Significance OF the European mar
ket. which has been quiet and steady
| throughout the week, is that quota
lions for new crop beets advanced
Sd. for October-D December delivery.
I, showing speculative disposition in
new crop. II new crop beets con-
tlnue to advance, II will be to the adj
vantage Of Cuban planters, and this
sentimental price of &c. C. and T., held
for so long a time, will likely he over,
come and a somewhat important adj
vance yet follow.
The European situation, by tho
Board of Trade figures, shows 1881
tons more cane imported into the
United Kingdom to July LIST than dur.
ing the same period last year. This
includes over 100000 tons from Cuba
and no doubt tends to keep old cror
prices down, inasmuch as to thcs,
large cane receipts there will. eyentu.
ally, be added much larger imports
from Java into the United Kingdom
than customary.
There is interesting news from Rus
STA, where the Government Is taking
active steps to reduce the high prices
resulting from speculation in that
country. They have lowered the i'm,
port duty TO an extent that will per.
NIT the importing of considerable
amount of Austrian sugar. At the
same time, the refund Of taxes on ex'
! ported sugar has been suspended
leaving the markets of Finland and
Persia, heretofore largely supplied
from Russia, open to other producers
II may be seen later that this action
of Russia will further reduce avail
able supplies to continental countries
of Europe to an extent that will infiu'
ence European prices higher
Our weekly Cuba cable gives 1000
tons receipts, against 5000 tons last
year, with centrals grinding, against
3 last year. The last year continued
grinding until August 23rd. Visible
production to date is 1,7l4,000 tons
which, added to 1OS,5S2 tons, the after
receipts OF last year, would give q
crop OF 1,Sl7,5S2 tons. These figures
indicate that the final crop may near
ly reach 100000 tons. One of the
largest centrals in Cuba, the Chapar,
IA, closed this week, having mad,
53O,5OO bags, against 4s2,42s bags LAS
year. This central closed earlier thar
last year, but started working some
weeks earlier than last season,
Total stocks In United States and
Cuba together 56s,S14 tons, against
$50, 43O tons last week and i96,l27
tons last year.
The imports into India during May
show an increase over the preceding
May, Notwithstanding the larger do,
nestle crop. March, April and May
all showed an Increase in imports
As regards the European growing