The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1910-08-11
WILLETT & GRAY'S
SUGAR STATEMENT

udJe VI july e, udu Jne following TO
say concerning raws:
The 100000 bags Centrifugals offer
ing on the market at &c., c. & f. basis,
when we closed our last weeks report,
were promptly taken by refiners, leav-
ing the market bare of offerings at
this price, with 1920. to 1-16c. per Id.
additional asked by sellers.
Following this, however, the REIN
ers strikes extended to three refner-
les during the week, causing all re-
finers to withdraw from the market
as buyers and leaving sellers without
any outlet for their sugar, so that at
the close, and for some days past, the
market quotation can be maintained
when the market again opens. This
depends more or less upon the length
of the continuance of the strike as
more fully explained under the head
of refined" In the meantime, sellers
are not urging sales, and the market
has a steady though stagnant look.
A June Java cargo of 5000 tons has
been sold to the United Kingdom at
13s. I'D. C. i, f., equal to 4.62c. per
| lb. delivered United States, showing
that the United Kingdom market for
the Java crop is not likely to be COM
peted against by the United States
The official figures of the Java crop
just closed, give a total pro-
ductior of 1.2OO61S tons. The
paintings for the new Java crop were
slightly larger than last year, but the
weather has recently been unfavor-
able, and a rather smaller outturn
than last, year is now expected.
That the exports from Java for
| the last three years have gone prin-
cipally to British India, China, United
States and Japan, with a considerable
amount last year to Australia.
TIE Brazil crop turns out not
quite as large as anticipated owing to
recent heavy rains, but these rains
have helped the growing of the next
crop, which promises to be as large,
if not larger, than last year.
The campaign in Natal has just
started, and large increase in pro
duction is expected over last years
crop.
From Demerara, we learn that the
rowing crop may possibly be less
than last year.
Our cables during the week have re
ported favorably for the growing Euro
pean beet crop. Mail adVices, also, in
dictate that the weather improved
somewhat throughout the greater part
of Europe and that the roots are grow
ing better. The tests in Germany
show a heavier and richer beet than
at the same time last year, but infer.
ior to two years ago. Other countries
many. French reports are pessimistic
and say that the roots are not growing
as we'll as last year; but, in this con
nection, it must be remembered that
France enjoyed better crop conditions
last year than any country in Europe
and produced larger crop than foul
years previously.
From Cuba, two centrals continuN
-igrinding against four last week and
five last year, with receipts 1000 tons
against 1000 tons last year. We esti
mate the visible production to date
/ 1872 900 tons, against 1,415,000 tons
the same time last year. Adding the
amount of sugar made later, $685.
tons, would mean a crop of 1,820,5Sl
tons this year, so that 100000 tons
seems we'll assured.
Regarding the growing Cuba crop
our latest r eports show that goot
rains have recently fallen in all parts
of the Island, except Oriente pro
vince, and the growing crop is fully III
to normal in most sections and plant
ing of cane is still being carried on
all of which indicate another yer!
large crop for Cuba next season.
The Euporean maket for beet sugar
of old crop declined from las. 10 I'D
to las. lid, at the close, while new
crop beet, after advancing to lis. cd.
closed off to lis. lad. The differ
ence between prices of old crop anC
new crop beet is about SAC. per lb.
which difference must be closed III
during the next sixty days. AS ind
eating that the closing up will be main
ly on the side of declines in old croI
prices, it is interesting to compare
) the European figures of supplies giveI
, by us on Page 221 in our Journal o
) June 2, 1910, for May /, 1910, will
corresponding figures for July l, 1910
J which we print herewith, showing es
timated stocks September /, 1910
' 525, SO6 tons, against 441,965 tons est
: mated May LIST. These increasing
5 stock estimates of September are like
=, ly to continue by reason of increased
imports from Java. The United King
> dom is not likely to call on Cuba foi
further supplies, thus leaving the I'M
: ted States stock, together win h,
< Cuban stock 527,SS6 tons, or say equl
r valent for requirements for melting
in the United States into the first hal
l. of October, when new crop bee