Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1910-01-01
SUGAR


willett h Gray's Sugar Journal for
December . reports as follows ON the
raw sugar market:
Statistics BY Special CabIes.-Cuba.
The sit principal ports: receipts,
none; exports, none; stock. none.
against 1000 tons last year; centrals
grinding b, against none last week
and In pos and none In 1907.
Stocks lin the United States and
Cuba together of 92,s52 tons. against
10o043 tons last week and 154,616 tons
last year, a~.decrease OF 6l,s6i tons
from last year.
Europe.-Stock In Europe 1.705,000
tons. against 2.31s,0O0 tons last year.
visibi& supply.-Total stock Of Eu-
rope and America, 1,797.752 tons,
against 2292,616 tons last year at the
same uneven dates. The decrease Of
stock is 494.s64 tons. against de-
crease of 41l,S0S last week. Total
stocks and afioats together show Wis
ible supply OF l,S45.752 tons. against
2.3326l tons last year, or decrease
of lsG,SG4 tons.
Raws.-The immediate market is
still under the influence of very light
offerings, the few sales Of such low.
erinc the quotation slightly from 4.33c,
SO test, last week. to 4.31Ifc. now The
only sales upon this basis were 1915
bags Surinam centrifugals. prompt
shipment. and 1000 bags to follow.
These were sold early In the week
under review and at the present writ.
ing indications point to moderate
reduction of spot quotations whenever
the next sale Is made.
Further business OF the week has
been quite large and the sales mostly
confined to reGners direct. especially
the American Sugar Refining Co.
Sales from the Cuba crop comprise
December shipment of 27sc. C. and f..
SO test t4.24cD, and first half January
at aisle. H.17c). The quantity placed
is about 1900 bags altogether. Thus
far reflners decline to participate In
the last half Of January shipments and
nothing is reported for February.
March. the asking quotations for
which Is 2Hc. C. and {. (4.1ic).
Louisiana has contributed no fur.
Their supplies to northern require
ments, finding n more satisfactory
market at home during the week from
local buyers on the basis of 4 Lice.
TO Use. there. equivalent to asking
price OF 4.33c. delivered here.
Regarding crops, Cuba reports min ,
centrals now grinding. but no receipts
l as yet have reached shipping ports.
The weather is favorable for harvest
ing the crop and planters show lit.
tie disposition to sell. more freely.
Also. we note that speculative buyers
OF early In the season are disposed to
resell portion of their purchases at
current quotations. Should planters
and operators together oversupply the
market at the same time It will lead to
partial reaction In prices during that
period. to be followed later on by i'm.
proving prices. as operators who may
sell will undoubtedly wish to replace
their holdings By future months, the
permanent trend of the market for
q the season being undoubtedly upward.
Some later crop changes appear In
our summary this week reducing total
estimates slightly. and wiping out any
increases in the worlds production
over last year.
From Europe We receive moderate
fluctuations In beet sugars dependent
upon weather reports. The weather
appears to be having an unfavorable
effect upon the beet in the silos as +.
o. LIGHTS last cable to us reports the
yield is declining. which foreshadows
further reduction In his estimates.
Although the beginning OF the Cuba
crop has apparently produced temper.
AIRY quiet and inactivity In the Euro.
peah speculative markets, yet the op-