The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1910-09-27
WILLETT AND GRAY
ON SUGAR OUTLOOK

Willett & Gray under date of Sep
TENDER 8, had the following to say
concerning the sugar market:
Raws-Twice during the present
campaign Centnfugals have risen
above the &c. C. & f. general current
price of the campaign, the first time
early in the season for May ship
ment to 8 1Sc. C. G f. and the sec
ond time recently for September
shipment to the same point. 1-Sc.
c. & f.. After the first rise the mar
ket reacted to 2 7-Sc. C. & f.; after
the last rise the market has now re-
acted to Sc. C. & f. under sales yes
terday and today to the American of
some 125,OOO bags Centrifugals from
store and for shipment.
At the close there are the same
and other buyers at the Sc. c. & {.
basis, but sellers have apparently
withdrawn from the market at this
! basis, leaving the impression that
| &c. c. G f. may be the limit of the
present reaction. There are possibil-
| tiles between now and the new Cuba
crop in December that warrant, to
some extent, third rally, which VIII
be developed by close attention to
current conditions at home and
abroad on the part of both sellers and
buyers.
! Entering into these conditions are
the method of disposing of the re-
naming $4,000 tons of Cubas, the 65.-
600 tons of European held sugars in
store here, and some 100000 tons ia
vas available for arrival here.
Also certain quantity of new crop
Demeraras which are now beginning
to come to market.
European market conditions can
only be counted upon as they develop
from day to day. These markets have
been reactionary during the week.
closing at 1-2d. decline for Sept4em-
Der beet at 12s. II I'D. A further
drop in September occurred at the
close to 12s 4d.
New crop beets declined but slight
ly however to lis. Z I'D. for October
and lis. S1-4d. for May.
Two cargos of Javas have been or
dered, one to Liverpool and the 9TH
er to Clyde, and are understood t,
have been sold at a price about the
: parity of Us. 12d. c. l. f. New Yorl
(4.45c.)
We do no thear of any sales of ia
vas to American refiners, but they
can be bought at lbs. Cd. c. /. f., say
442c.
Receipts for the week at United
States ports were again small 1885:
tons; MEETINGS, $1,000 tons; stock il
United States and Cuba together
, 365, $40, against 395,79O tons las
week, and 237,637 tons last year.
The domestic beet sugar campaign
is about one-half over in California
with good, rich beets and In~ser acre
age, producing an increase over las
year in this State.
; Southern Colorado and Utah viii
: commence their campaign during tn,
present month, while other Rock,
= Mountain sections will be later il
= starting, owing to reduced acreage.
Michigan and Midle State factorie
Michigan and Middle State factorie
. in the market for delivery in Octobe
and later.
Cuba weeks cables report rain i
: wanted.
The tone of the crop reports nov
being received indicate that while tn
=. crop will be considerably better tina,
the last one, it will not be nearly 8
good as the crop Of two years ago.
. The French crop seems not to pro
>. mise much better outturn than las
year, but it must be remembered tina
last year the results in France wer
superior to those in any other Euro
y pean country AS one goes furthe
east conditions become more favor
., able, until in eastern Austria an
: Russia they are quite satisfactor
and considerably better than las
=. year, as it was these sections whic
suffered most last year. The chi:
q cause Of the poor growth has bee
the same as last year, cold, wet wea
Their. The prospects, consequent.
are that the sugar outturn Of Europ
, will be about or a little less than no
., NAL.
T. Our report herewith from the P'i
q ippines shows total exports Jan. !
> Aug. 81 of $4,000 tons to Unite
/ States, against 14,7OO tons elsewher
ID Only 5000 to 5000 tons remained III
ID sold on July 18th for shipment.
The market at the close looks ste;
dy on the &c. c. & f. basis, with fu
Their sales of CentrifugaIs nom sto