Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1911-02-04
CUBA IS SLOW,
EUROPEFAST
In Harvesting Crop This Year.
WiIIett & Gray's Review
for January 19.

sgJai}%l9 says, ofthe raw sugar market
sSisible Supply. H e a
Total stock of Europe and. Amer
lea, 3,714,342 tons against 3,l3S,l45
tons last year at the same uneven
dates The increase of stock is 576,li9
tons, against an increase OF S29,9'9
last week. Total stocks. and afloats
together show visible supply OF 81
7S7 ,342 tons, against 3,215,145 tons last
year. or an increase of 572, 179 tons.
Raws.
We quoted Centrifugals last week
3.G7c per b. SO deg. test.
Sales during the week under review
here have reduced this quotation 354c
per h. as anticipated and a further
reduction to 3.4Sc per h.. the present
quotation for February shipment, IS
likely to be the spot quotation Inv
coming week. January shipments are
already neglected by refiners at 216c
C. & f., at which there were about 2OO,-
600 bags taken, including purchases
made for early February shipment at
3.4Sc per ID. duty paid.
The objective point of buyers, both
refners and spectators, appears to
be &c c. & f., equal to 3.355c per h.,
which would bring Centrifugals .525c
per h. below parity OF beet sugar
landed in New York. 9SSc per h.,
being considered the cost of producing
beet sugars landed here duty paid.
nv, o o. f,, Tnh EantrifnUnlQ
would also be at cost of production
for the average of estates. AT this
basis there seems to be no question
but that extremely large buying would
result both by reiiners and specu-
lators.
The Cuba crop is progressing rapid
ly with little change in conditions.
The recent rains throughout the ISL
and have permitted planting for the
next crop to go forward at rapid
rate, although some complaint is
heard of scarcity of labor. There are
now 1921 centrals grinding, against l07
last week and 1872 last year. Receipts
at six ports are behind those of last
year, bUt little ahead of 1909. Stock
in Cuba and the United States togeth-
or is G5,342 tons, against 5S,2O2 tons
last week and 142, 145 tons last year,
Porto Rico participated to some eX-
tent in the sales of the week at g. sc
per h. SO deg. test Centrifugals
In calculating landed, duty paid,
equivalent of cost and freight sale
oil NJ 1 QhEn fnp
duty and marine insurance instead of
1.36c as formerly. This is because of
the lower values and lower insurance
rates now prevailing. The price of
21Bc C. & +. we figure equal to 3.58c
per h. landed as follows: Viz. 2.l25c
c. and f., plus 1355c duty and insur-
ance equals 3.4Sc landed.
= San Domingo Centrifugals for early
February shipment were offered dur
ing the week at 1.9lc per Id. C. & I.
Ghe parity of 2Ac C. & f. for Cubas),
and will likely find buyers in England
and Canada at slight concession Last
! sales to England were at about 1910.
European beet sugar markets re-
main comparatively steady at cost of
production, 9s f. o. b. Hamburg, with
a continued dull market throughout
the week. Cane Java sugars declined
3D. to 9s Sd floating landing terms.
r. O. LIGHT cables 10000 tons in
crease for Germany making his esti-
mate for all Europe S0S7 900 tons.
The European beet crop making is
an1Cl co thnt Tor
should approximate the final figures.
f. O. LIGHT reports the weather I'M
favorable for field work for the COM
ing campaign.
Regarding other crops, we publish
herewith estimates from Australia
and Forrfiosa, which like that from the
Philippines, shows an appreciable in
crease over previous estimates and
raises the increased total production
of the world for both cane and beet
sugars to 2,211 1894 tons more than
/ last year.
The U. S. Four Ports receipts in
crease slowly, 25,140 tons this week
! against 1888 tons last week. Melt
ings increased 5000 tons, to $4,000
tons. The receipts included $500 tons
/ from Europe and 6,549 tons from Ha-
waiian Islands. One cargo of beet
sugars still remains to come in. de-
tanned by calling at Halifax for coal.
European Beet CrOD.
! f. 0. LIGHT cables us specially from
Magdeburg, January IA, 1911: "Esti-
mate Germany 100000 tons; last es-