Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1910-08-19

Willett & Grays Sugar Trade
Journal for August 4 reports on the
raw sugar market as given below.
One Of the most significant state
ments is the quotation for new crop
beets, October December delivery,
that shows every ingcatiDn of a
good price for sugar being maintain
ed throughout next season:
Visible Supply.
Total stock of Europe and Amer.
lea, 1,SG4,l97 tons, against $780,
$50 tons last year at the same un-
even dates. The decrease of stock is
22.639 tons. against decrease Of
59.096 last week. Total stocks and
anoats together show visible sup
ply of 2,0iS,197 tons, against o.
1855 tons last year, or de-
crease OF GS,G39 tons.
Raws.
When II is considered that two of
the largest rehnerles in New York
continued closed in consequence OF
labor troubles, thus materially re-
duelng the demand, the raw sugar
market has done well to remain
steady throughout this week.
A fair volume of business has been
done at current quotations of Sc.
c. q I. for Cubas. aud 1850. landed
for Porto Ricos. including prompt
shipment and second half August
clearance TO New York. and part for
Boston; during the early part OF the
week the sales were made privately.
Some holders think they will do
better by waiting for the expected
increased demand after the strike Is
settled. and they may not be disap-
pointed.
Receipts at the United States four
ports for the week were heavy. &c.
81 tons, but will probably he small
err next week. while MEETINGS (45,-
000) keep up pretty well notwith-
standing the strike.
The receipts In Cuba continue
rather larger than last years, and
the weather there is favorable for
the next crop.
Our usual cables giving total Gu
ban production to end OF July. and
exports from Java for month of July.
have not yet been received.
, Javas are not freely offered, and
those obtainable are wanted more in
Europe than In America n bid OF
las. 1 led. floating landing" (equal
to IS. led. c. & T. to New York
or 4.7Oc. landed) was made by Unit
ed Kingdom buyers, and was refused
for cargo shipped first half July.
The American renners are not In
terested In Javas at present, as they
can buy Cuban sugars and carry
them more cheaply, until the time
when Javas can arrive,
In response to our special Inquiry,
we have today received cable adj
vice from Batavia that India Will
probably import this year more sug.
ar from Java than last year, not
withdrawing the increase In the
sugar crop OF India. Java makes II
grade OF sugar specially suited to the
wants OF India. the trade In which
is growing rapidly.
AZ Hongkong must also draw on
Java more heavily than formerly to
Replace the Philippine sugars now
unavailable for that port, It Is EVIL
dent that the shipments from Java
TO Europe and to America this year
will be considerably reduced.
Our special cable adyioes received
today show large shipments 100000
tonsl from the Philippines to the
United States during July,
European markets are 1 Led. low
or for cane sugars, but Sd. higher
for speculative, beet sugar, August
delivery, being quoted at las,
II lid. I. o. b., Hamburg, the par
ity OF 5.l9c. for oentrifugals at New
York. September beet is quoted at
13s. II lid, the parity OF 4.9Tc,
for centrimgals. which looks low to
some people compared with August,
but II is really full up, being 3-4d.
higher than the quotation by mail,
During September the old beet crop