Evening bulletin., 1910-09-27
JAVA SUGARS
ON MARKET
Decline In New Crop Bceis
Comes Sooner Than
Was Expected.


Willeit a Grny's SUGAR journal for
September - says ~ the raw sugar
market.
VISIBLE SUPPLY - Total stock
I Of Europe and Ameri a. l.Ot5,539
| tons against Sig,a5G tons last year
at the same uneven dates The in
crease OF stock II 95.97i tons,
against an increase of 5G.O12 last
week. Total stocks aud anoats to.
gether show visible supply Of L.
31G.539 tons. against l.i5I.2G5 tons
last year. or an increase of lG1.g7i
1 tons.
RAWS.-The week under review
has been under the influence OF the
European market. and adylces from
there have been most disappointing
to holders Of sugar here. A steady
decline in both old and new crop
beets has brought the new crop for
October delivery to lis 3D. per cwL
{. o. b. Hamburg. equivalent TO 4.37c. |
per ID. parity for centrlfugals here.
This decline in new crop beets to
the parity OF our market has come
much sooner than expected, and
from now on the two markets should
follow each other very closely, any
further decline In new crop beets
being met by similar decline in
centrifugals, or vice versa. Java
sugars, which have been held I'M
London at values considerably above
our parity, has also declined stead
lily until at the close they are quot
ed at 12s. 3D.. the parity OF Sc. c.
n New York for Cubas. Hence
the European quotations must be
closely watched for the tone and ten
i dency OF our market
During last week our renners &C.
cepted very considerable quantities
of centrifugals from store and ailoat
and for shipment at the Sc. c. & [.
basis (4.36c.. but during this week
they withdrew entirely from the
market. leaving some 10000 bags
in store and for arrival remaining
unsold, and for which l-32c. to
Lice. per ID. concession must be ac-
cepted In order to sell.
1t will he seen from the above that
, the prevailing sugar conditions are
, somewhat different as regards the
2 future from those expressed by us In
= last weeks remarks. although
7 brought. about entirely by European
market, conditions. to which we
y called attention last week.
p No doubt somewhat OF the changed
: aspect in Europe is accounted for
!. by the cable reports from Java of
u September Il, given elsewhere, and
: showing unusually large exports
u during August, available for both
T the U. X. and the U. $. Some near.
by atloats from lava are approaching
!. in price to parity of our market and
y likely to be pressed for sale at any
moment.
Our advices relating to the Euro
pean beet crop are virtually un-
changed for the week with the ex-
: ceptlpn OF less favorable weather re-
Gently In some sections. We print
= herewith the preliminary estimate
r OF Mr.. Otto Licht. of Madgeburg. OF
s., 1000 900 tons crop compared with
+ his recent outturn OF 6,l25.000 tons
81 for the last crop. Mr.. otto Licht'
> preliminary estimate ior last years
crop was 6,675.0OO tons.
T.. o. Licht's estimates are not
, yet at hand The notable feature
OF the European crop Is that th'
greatest comes from Russia. which
m Il placed at 100000 tons against
n. 1850, 900 tons last crop.
H. Referred to in another column arr
~ Cuba crop figures showing receipts
TO September /, 1,77g,122 tons
which, added to 45,132 tons receiy
ed after September last year
= would give a crop this year of 1,
~ Sl4,254 tons.
H. A recently reported hurricane II
ne the West India Islands did more goo'
'e than damage to the crop. as !
nu brought good rains which wer
VI needed
" Four ports receipts for the weel
ry were light, .21.s9O tons; MEETINGS
OF So 900 tons, and total stocks In tn
o. u. s. and Cuba together 325,5S
KS tons. against last week 365.64
'es tons, against last year 254.656 toni
at The Immediate future OF our mar
'p' ket depends almost entirely upo
ay the disposition OF European holder
,p' OF stored sugars here and OF Jaw