The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1911-07-29
WEEK
IN RAW SUGAR

sugar market: 1
Raws-The week under review has
been one of great excitement and ad
vance on the European sugar eX.
changes, and participated in to some
extent in our markets.
Beet sugar advanced from lis. Od.
(4.49c) to u.s. AID (4.62c), say 713d,
or .13c per Id. Futures kept pace and
close at lbs. 5Ad Q64c) and new
C,op lis. AID. (44Oc).
Centrifugals on spot advanced from
4O5s to 4.23c for SO deg, test, say .1Sc
per ID.
The business cf The week was only
moderate, being limited by the
amount of sugar offered by sellers,
who asked an advance after every
= sale made, and at the close generally
are holding at about 1-16c to Nc per
lb. above the last sale price; 4.30o is
asked for prompt shipment, and 4.36c
for August shipment. In the mean
time sales are making at the old
basis of 4.2Sc. Our parity is now .29c
per ID. below beets.
Javas are held above the reach OF
our refners, and find buyers in Eng
land at lis. Cd, C. and f. (4.24c) for
July-frst half August shipments.
Early Java shipments for United
States are held at 12s. C. and f.
(4.35c), while all July is held at lis.
Sd. (4.29c) and August at lis. 71ad.
(426c).
The European speculation is now
transferred from the Cuba crop re-
ports which previously influenced it
to the European beet crop reports,
which now influence it.
Crop advices from the various coun-
tries of Europe, while differing con-
siderably, have for some time been Of
generally unfavorable character.
This is especially true of Russia, Aus
tria and some parts of Germany,
where the crop did not secure a good
start, and continued unfavorable
weather has kept it in a backward
state. In the major portion of Ger
many, while the start was unsatisfac-
tory, the weather during a few weeks
recently was favorable and the crop
was at least holding its own. How
ever, the latest cable advices indicate
that conditions have become unfavor-
able. In France and the low coun-
tries, while early conditions were
very satisfactory and the crop re-
ceived a better start than for several
years, the weather has recently been
dry and cool and the growth of the
roots is reported to have suffered a
- decided check.
While, from the first, yield equal
to the phenomenal yield of last year
which, with the increased sowings
would have furnished a sugar outturn
of 8,450,000 tons, was out of the ques
ton, it now seems probable that an
average crop of 7,477,5OO tons yield
based upon the average of the past six
JNul % van why NC oCSulCu IL lev "a
able weather prevails from now on.
Cuba crop figures to June 80 are al
hand giving production to that date
1,412,4SS tons, against 1,6S9,675 tons
last year, and 1,39H97O tons in 1905
to corresponding date.
Present high prices encourage thl
grinding of cane as much as possible
at the five centrals working, and il
the same amount is received as las
year after July C114,674 tons) or the
year before Q15,612 tons), the presen
crop will show 1,527OOO tons finally
Cable weather reports continue fay
orable for the growing crop in Cuba
Louisiana has had generous raini
and the crop is growing finely.
Porto Rico reports lack of moisture
during the past month.
Hawaiian Islands would WELDON,
more rain than has fallen.
Java cable figures, given elsewhere
show increased exports over last year
Mail advices state that sugar-makinl
started earlier than usual, with yer,
good yield.
At the close the market is full up il
strength and prices, although Europ
hesitates at yesterdays quotation
and does not send a further rise tC
day.
Visible Supply.-Total stock @
Europe and America, 1,9S7,79O tons
against 1898, 43O tons last year at tn
same uneven date. The decrease G
stock is $3.50 tons, against an il
crease of 49,S27 last Week. Tota
stocks and afoats together show Wis
ible supply of 2,175,79O tons, agains
2,14O,4S0 tons last year, or an increas
of "A ago TONS I