Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1910-07-26

+, visible supply Of 2,4Oi .2G5 tons,
against 25Hl 500 tons last year. or
decrease Of 1iO,S6i tons.
RAWS.-The Interesting feature
this week in our report is the stats
tlcr. of the total CONSUMPTION OF sugar
in the Lnitsd states Tor the six
months ending June 3Oth OF this year.
as compared with the same periods
OF TWO preceding years. These figures
| show consumption of 1,G11,S26 tons,
against COZ 9JI tons last year. and
l,5SG.SS9 tons in 1908. Ii will be noted
from the invisible stocks of refined,
mostly in renners' hands, that the
me tiugs or production of refined sus
ar has been greater than the require
mcnts for consumption. This mvisi.
BILE will disappear during the last six
months OF the year.
Considering all conditions of trade
the actual consumption of sugar must
be considered satisfactory. although
slightly under the normal.
| 1hc time tor improvement in prices
of raw sugars has at length arrived.
The stocks held In Cuba are now un.
der iull control and prices can be ask.
| ed for the same more ncar.y based
| upon the price Of beet sugars of the
new crop for OctObcr-December deliy-
| cry. The present difference OF parity
between Centrifugals and new crop
beCts tor Oct..Dec. Is lie per 100 lbs.
which difference can be safely con.
sidered 10 be eventually closed up. AS
our reiiners sooner or later must draw.
to some extent at least, upon full
I duty paying sugars before the next
! Cuba crop comes to maturity.
| The week under review shows an
improvement from 4.3Oc. per h., 80
test basis Centrfugals. to 4.33c. per
h., the closing quotation, but this diff
ference of Sc. per 100 lbs, Il, at the
close, virtually nominal, AZ no bust
ness can be done at less than the
i.3Gc basis which Is likely to result
during the coming week. August
clearance sold at Sc. C. & {, at the
close. Sellers continue to contract
their offerings within narrower limits
and, hence we infer that continued
improvement In prices, even although
slow, must follow
Europe. also. has undergone a fav.
orable change In prices during the
week Beet quotations last week were
1is lOIsd. +. o. b. Hamburg and are
this week las IL u, with new crop
October. December advanced to lis.
cad, against 9s. ND. last year at
this time. Cane Jayas in Europe are
Ids. Cd, against lis AID last year
at this time.
+. o. LIGHT cables us favorable re-
ports for the growing European beet
crops.
The whole worlds trend on sugar
from now to the maturity OF new cro.,
is towards somewhat higher prices
everywhere
Java sugars are still waiting buyers
on the basis Of about 4.l5c. landed
9Go test for eptember-October arriy'
al and the market eventually should
inelule purchases of these sugars to
some extent at least.
No further business has b. IN done
In Philippine sugars. of which only 4
moderate quantity remain unsold from
preceding crop The encouraging
sales of these sugars this season, at
large profits to the Filipnos, Is q
strong temptation for these Filipinos
to increase their crop rapidly to the
100000 tons limits without assistance
from outside syndicates.
Receipts at the Four Ports increas
, ed and MEETINGS diminished the lat
ter on account Of the holidays. Stocks
in the United States and Cuba to
gether are now G26, 2G5 tons, against
635 .909 tons last week and 55O,G2!
tons last year.
The weekly Cuba cable, publishej
elsewhere, figures out l,6S6,OOO tons
visible production to cate which, will
the same receipts at this time as last
year, would give q total crop OF l,SOS,
, $50 tons. II the crop Is TO finally turn
out materially less than 100000 tons
the weekly receipts should begin tc
show II in reduced amounts, of which
there are no present indications. The
growing crop of Cuba is making fav
orahle prigress but, of course, II Is toe
/, early yet to say mucn about II.
In general. at the close, the tone
and tendency of the market favor.
sellers.
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