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

nal for July q reports as follows on
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 last week
and in 1909 and in 1908.
Stocks In the United States and
Cuba together of 56S,Sl4 tons, against
5s2,430 tons last week and 49G.l27
tons last year, an increase of 72,6S7
tons from last year.
Europe In Europe, 100000
tons, against l,4i5,0OO tons last year
Visible Supply.-Total stock of
Europe and America, 1,sSS,S1i tons
against 1,9il,l27 tons last year at the
same uneven dates. The decrease of
stock is 52.3i3 tons, against decrease
of 1896 last week. Total stocks and
afoats togo Their show a visible supply
of 2.040.Sl4 tons. against 2,il6,127
tons last year, or a decrease of 1913
tons.
Raws.-Under our remarks last
week, we said that the sales OF CEN
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 4.30c., and the next sales on Mon
day and Tuesday were at the basis
OF &c. C. and (. (4.36c). At this basis
some 100000 bags we're taken by three
relners, including 100000 Cubas and
$4,000 Porto Ricos, July and August
shipments.
AT the close there are still some
100000 bags centrifugals for prompt
shipment offering, on the market at
&c. c. and q. basis, but for August
shipment l32c. per Id. higher is
asked. with the tone and tendency in
favor of sellers. New Orleans IL 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
tons for new crop beets advanced
Sd. for 0ctober-December delivery,
, showing a speculative disposition In
new crop. If new crop beets con-
tinue to advance, 1t will be to the adj
vantage of Cuban planters, and this
sentimental price of &c. C. and T.. held
for SO long time, will likely be over,
come and somewhat important adj
vance yet follow.
The European situation, by the
Board of Trade figures, shows 1876, S3l
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 crop
| prices down, inasmuch as to these
large cane receipts there will, eventu-
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 a 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 1000 tons last
year, with centrals grinding, against
3 last year. The 8 last year continued
grinding until August card Visible
production to date is l,7l4,000 tons,
which, added to l03,582 tons, the after
receipts OF last year, would give
crop OF l.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-
ra, closed this week. having made
! 10000 bags, against 4S2,428 bags last
year, This central closed earlier than
last year, but started working some
weeks earlier than last season
Total stocks in United States and
Cuba together 56S.sl4 tons. against
5s2 ,43O tons last week and 496,l27
tons last year,
The imports into India during May
show an increase over the preceding
May. Notwithstanding the larger do