Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1910-10-13
new SUGAR
YEAR ISBORN
Small Quantity of Cuba's Old
Crop No Effect on
Market.
FORECAST FOR NEAR
FUTURE NOT MADE

Willett & Grays latest Sugar Jour.
nal under date of Sept. 20, has the
following comment on the raw sugar
market.
VISIBLE suPPLY.-Total stock OF
Europe and America, SS1, 429 tons
against 3l,271 tons last year at the
same uneven dates. The increase OF
stock is 50,l5S tons, against an in.
crease of 65,92S last week Total
stocks and ahoats together show a
visible supply of 1,102,42 tons against
1,O7S,27l tons last year, or an increase
of 24,15S tons.
RAWS.-During the week under re.
view prices have followed the trend
Of the European markets, as has been
the case for the past three weeks.
Those markets continued their de
cline, until today beet sugar touched
los. SID. i.20c. parity here), the low
est point of the campaign.
The business of the week was 90
600 bags Centrfugals from store at
Also. per h.. 96o test, against previ
Gus sale at 4.24c. per b.. and later a
cargo of Cubas for prompt shipmeif,
at 2.Mc., equal to 4.l1c. landed, go
test, followed by Sales at 4.05c., now
the spot quotation. ,7i"
At the close of very considerable
amount of Centrifugals in all positions
are on offer at 4.C5c.. with-~buyers
showing little. If any, inclination to
go on, while waiting for European
markets to find steadiness at some
level.
Under present conditions It is use
less to attempt to forecast the imme
date future.
The remaining stocks In Cuba are
so small as to be of little effect on
our market, but the fact that several
unsold Java carg6es are fast ap
preaching our ports, is an important
influence to be dealt with soon. These
Jayas are owned abroad, and thus di
rectly under the influence of the Eu
.ropean markets, in which beet is now
relatively cheaper than cane. s,
The new sugar campaign year Is
at hand. and reports from the various
crops of cane and beet indicate larg,
outturns of both, while on the Other
hand, the consumption of the United
States at least is being curtailed some
what by the political crisis through
which we are passing mis- fall
Stocks in the United States am
Cuba together are 249,429 tons against
2S3,O97 tons last week, and 1927
tons last year.
From India we print the first mem
oranda of the crop of 1910-19l1, ISSUED
by the Government, indicating al
acreage in cane nine-tenths of / o less
on the whole have been favorable fol
the crop. The latest official estimate
OF last years crop is 2,125,3O0 tons.
decrease of % would mean a crol
about 100000 tons less, or say 1912,
500 tons. The imports of foreign sug
ar into India for the month of Jul,
show a decrease of about 10000 ton
from last year, but as our advice,
from lava show the cause of this t.
be delayed shipments of Javas to In
dla the total shipments of Java sugars
to India are expected to be fully al
large as last year.
We print this week the CONNER
ciaI Estimate" of the new beet crop
as published In r. o. LIGHTS MONTH,
OF Sept. rs, 1910, and to which we re
ferred last week. The average Of thes'
figures gives Germany a crop Of 2,
$50, GOO tons, Convention countries to
sether $4,000 tons, and all Europ,
1905, 900 tons, as compared with crop
Of 2o27, 900 tons, 1888 900 tons an,
6,138,oo0 tons respectively last year
II Is to be noted that these estimate
credit Russia with very large In
crease, and as that country has ha
large deficits during the past tw
tyears its stocks are now short, am
large supplies are needed at home i'm
mediateIy. As the, sugar trade of tina
country 10 carefully regulated by Gov
eminent, the necessity should act a
quite an equalizer. The increase 1
Russia Is thus given as 4o5 oco ton:
or $50 over the last crop, while tina