The Hawaiian gazette., 1910-03-22
NEW YORK aIARKET.

AtA@N ASANAA ~a@~e@te@@Ns
The synopsis of the New York mar
ket activities for the seven days end
ing February "a follows:
Raws advanced Ice. Refined ad.
vanced 10c. Net cash quotations this
date are centrifugais, 4.36c.; .musc0-
vados, 3.s6c.; molasses, 3.6lc.; granu-
later, 5000 Receipts, 1880 tons.
MEETINGS, 10000 tons. Total stock in
four ports, ls6,342 tons, against 49,
952 tons last week, and 1859 tons
last year. Beet sugar quotations, +. o.
b. Hamburg, lbs. l01ad. per cwt. for
So analysis, equal to 4.95c. for 96'
test centrifugals at New York. First
marks German graduated, fob. Ham
burg, los. 1O1ad., equal to 5.5oc. New
York duty paid.
Estimated afioats to the United
States from Cuba and West Indies,
$4,000 tons; Hawaii, $4,000 tons; Peru,
etc, 1000 tons. Total, $4,000 tons,
against $1,000 tons last year.
Visible Supply.
Total stock of Europe and America
on February "a was 3,1S4,342 tons
against 3,55l $50 tons last year at the.
same uneven dates. The decrease of
stock is 367 ,247 tons, against decrease
of 354,405 the preceding week. Total
stocks and ahoats together show visi-
BILE supply of 3,275,342 tons, against 81
647 $50 tons last year, or decrease of
372,247 tons.
Another week of abnormal conditions
and advances has followed the remark
able activity and advance of the pre-
ceding week. Spot quotations advanced
from 4.20c. per pound to 4.S0e. per
pound. and cost and freight from
2.s4c. to 2.94c. per pound for prompt
and &c. for second half March, the of
ferings at the close being limited ind
generally at a slight advance asked.
Europe, however, made the largest
advance, from lbs. 5Ad. per ewt., equal
to 4.s6c. New York to lbs. 10lad., equal
to 495c. New York. 1t is notable
feature that Cane Javas advanced to
IDS. Sd. per cwt., which is just the equl-
valent of 2l5.16c. c. & t. New YORK
for Cuba centrifugals, so that in regard
to cane sugars London and New York
are at the same parity, while the par
ity difference of European beet sugar
and Cuba centrifugals is Coo. per l0U
pounds less for Cubas. A rise of 41ad.
in London on one day Of the week led
to quite an unsettlement of values here
and has restricted business up to the
present writing.
The sales of the week comprised
100000 bags on Friday of prompt and
March shipment at 2 sc. c. 4. (4.24c.)
and 10000 to 10000 bags Porto Ricos
at 4.235c. elf. delivered. European
.....l,% ~ In a G. 4
(4.3Oc.) and San Domingos were sold
TO the United Kingdom at 13s. Sd
elf. Some San Domingo centrifugals
were sold to United Kingdom on Mon
day at l3s. Cd. elf; $4,000 bags Gu
has for prompt and March shipment
were sold on Monday at 2.94c. c. & +
(4.3Oc.l TO refiners and 100000 bags Of
second half March Cuba centrifugal'
to operators at 294c. C. & f. (4.SOc..
Yesterday, sale of second half Marcel
and April shipment was made to New
York refiners at Sc. C. s. f., with re
ports of larger purchases at the SAM
basis.
The immediate cause of the advance
in Europe was placed to the credit o
news from Cuba that the crop wa
suffering from drought
Operators are still in the market TO
Cuba centrifugals at full-up prices 10
Anril and May shipment, and at tn
same time are reported as meeting tn
market with resales at current price
in Europe, but not here. 1t will re
auire few days for The markets to be
come better settled!
Tuesdays Cuba cable gave reduce'
receipts of $4,000 tons, against 74,00
TONS last week. with exports 81 90
tons and stocks 100000 tons, with IL
centrals grinding and crop suffefin
from drought, since when nothln
further has been reported regardin
the injury from drought. We publis
an interesting letter from Cienfuego
touching ON this point indicating tina
the damage from drought is noted i
sections but is not general.
Receipts in the United States fou
ports were 47,39O tons, include 4l,97
tons from Cuba, $3.50 tons from PORT
Rico and 3.26S tons from Hawaii an
1876 tons of domestic. Only l2S ton
came from other West Indies of flu
duty sugars, which WAS imported b
consumers. '-r
We estimate the production of Snga
in the entire Island of Cuba to dat
Gas, 900 tons Adding to this the sam
production as last year after this dat
would give total crop of l,6S7 ,Oo
tons. HttE
There is little of interest from oth'
producing countries excepting thu
both the Hawaiian Islands and n
Philippines have had severe storm
which have interfered with the openin