The Hawaiian gazette., 1910-04-26

limitations of selling at the 5.15c less
l per cent basis for graduated here
and in Philadelphia, Boston and New
Orleans.
The demand shows no increase, for
the country is fairly well supplied. Or
ders are only accepted now for prompt
shipment, but when contracts can be
made covering wants little ahead at
5.15c less l per cent basis, including all
grades at relative prices, large bust
ness will doubtless result.
The exports have evidently ceased for
the present, after large business, est.
mated by some as much as $4,000 tons
since the beginning of the year.
Recent price paid was 3.65c per lb.
f. o, b. New York in bond; at the close
3.60c f. o. b. is reported offering for
this graduated made from Cuba sugar.
The outlook is for about steady mar
ket at 5.15c less l per cent basis, with
perhaps more liberal terms of shipment
soon.
Raws.
willett & Gray, March 31:-The
quotations for the week remain un-
changed at 4.S6c. per pound, 80 deg.
test landed, and at Be. C. & (. for
u.
C. & f. for later shipments.
Several holidays came during the
week at home and abroad, curtailing
business, and much of the actual buy
ing was by Europeans for speculative
or export account. Regarding this Eus
ropean competition for our United
States supplies there is this to be said:
Much stress is laid on the fact that
Cuba centrIfugals in New York are sell.
ing at 70 cents per 100 pounds below
the parity of European beet sugars
landed in New York, but the reason for
this difference is not far to find.
Our United States refners see plenty
of sugar for their use for the year from
the Cuba, Porto Rico, Hawaiian and
| domestic crops without having to draw
upon beets, Javas, or other full duty
paying sugar; therefore, they are not
inclined to pay prices based on short
supplies which don't exist as far as
they are concerned. On the other hand
European refners are paying prices bas'
ed upon short supplies which do exist
! with them, but not with US so long as
| the Europeans do not cut into ouI
sources of supplies sufficient to indicate
that out supplies will also be insufficient
| for our wants. Until such time comes
the parity difference between Cubas
and beets will naturally continue large
and apparently our refners need pay
no more for their supplies than the
producers of our supplies can get fol-
the sugar in other markets.
II Europeans should, however, draw
$4,000 tons more from Cuba than al
ready taken, our refners will then have
to compete much more closely than nov
for the balance of their supplies foi
this campaign.
The Cuban factory crop estimate
compiled by the "Cuban Review
gives 1,723, 143 tons for final crop, which
has many believers, while on the othel
hand the visible crop to March 20 Il
103s,09 tons which with the sans
amount as made last year after thii
time-5sl $50 tons-would give n tota
Of l,610,672 tons. Our latest adyicei
stlll indicate 100000 tons crop, will
| 1885, 900 tons as minimum.
The stock on hand In Europe Mhrcl
II about the amount required las,
| year from March 1 90 September ] {,
meet the actual consumption there. Al
no new crop heeis are available Ia Sop
iemher there must apparently be an eK
cess ~ imports into Europe over exporii
90 give a workable stock Last yeal
during the same time there was q DE-
brIeusy % imporis under exports oil
vi 500 tons.
u Il not surprising ihai countries u
far short in Visible supplies should ~
paving mach higher lfieet 10 dfan
sugar there ihan u nofetsary f0T ouI
lehnef 40 pay- n 10 % plgnllrnpi far
hrfr iojsy ihai AmrHesr fshned h
trlilnF f0f fHunn ig The lnltai King
dom NJ 0 feuit zee 800 pounds iesr ibai
an rasf NJ ias Ha 'ugar landsd N
| ArH fofhl ffpH eh.oh W produce ~
lons slpofisd % nsif flom Nel,a fsH