Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1911-05-19
WORLD SUGAR
MARKET
Estimates On Cuban Crop
Are Placed Too
Low.

Willett g. Gray's sugar journal for
May 4 says of the raw sugar market:
Visible Supply.
Total stock of Europe and America.
3,1SS,7s6 tons against 1907 ,j52 tons last
! year at the same uneven dates The
Increase of stock IL ISL ,234 tons, against
an increase of 266,374 last week. Total
stocks and ahoats together show a Wis
iblc supply of 3,SS1,7S6 tons. against g.
OO5,552 tons last year. or AN increase
of 362,2S4 tons.
Rsws.
Quotations for centrifugals have de-
clined 10 cent per H., from 3g2c. to
3.79c. per h., 96-degree test, under a
moderate business only during the
week. the last sale being of $4,000 bags
Cubas afoat at 27-l6c. c. 4 T.. 3.79c.
per h., establishing this spot quota
ton.
Europe also made an important de-
cline. moving from los. 6 3-id to los.
4 led, to i"s. lid. to los. 2 lid, to
| los 3 3-id. at the close. Cane Javas
declined 4 I'd to lis. 4 I'D. No spe-
clal reason Is given for the movements
of the week.
A portion OF the Arbuckle refinery.
including the refining machinery build
ing, is incapacitated for work for sew
eral months as a result OF a fire which
occurred on Friday, April rs. The
raw sugars held by this refinery have
, been disposed OF, leaving no special in
fiuence to the market
The weekly Cuba cable gave $4,000
tons receipts for six ports and $1,000
/ tons estimate for entire island. Last
week ia centrals were working and
80 last year.
1t has been notedi by C. Czarnikow
and others that final crop estimates
made in April have proved too small,
particularly II based on decreased CEN
trails rather than on receipts. Light
rains prevailed throughout the island
the first part OF week under review,
but Tuesdays cable reported further
rains were needed.
The actual sugar production In Cuba
to date az shown by receipts exceeds
that of 1909 by about 10000 tons.
Receipts from now forward will be
watched with interest A further in
crease OF $1,000 tons more over those
/ of 1909 gives a crop of 100000 tons.
Generally. however, falling off I'm re-
ceipts by more rapid closing OF centrals
is anticipated.
| A few small changes appear In our
table of crop estimates based on latest
information.
| We give elsewhere our regular
monthly table of stocks In all the prin-
cipal countries on April I t3.202.5S6
tons against 2.SS2,559 tons last year
and 3,l31 ,3Os tons in 1909 at same date),
showing increase of 32O.027 tons over
last year and of 7l,17s tons over 1909.
The decrease in stocks Cuba six ports
and United States four ports Is now
212.766 tons from last year and 49,
| O15 tons less than I'm 1909 at this date.
The Louisiana cane crop IL progress
ing favorably,
Java reports by mail very favorable
crop weather. A large stock OF white
sugars is being carried over from last
crop the principal buyer of which IL
British India.
India imports continue marked in
crease.
| San Domingo crop Is reported de-
creased by similar conditions as In
| Cuba.
Philippine Islands exports In April
were 5000 tons over April last year, the
shipments being $4,000 tons to East
Coast United States and 5000 tons to
West Coast and 1000 tons elsewhere.
f. o. LIGHT reports by cable favor
able weather for beet crops, and In his
monthly (mail advices) circular esti-
mates the Increased sowings for all
Europe 4.12 per cent, and for Germany
SAC per cent, Austria 81 per cent,
Russia 9,33 per cent. and n decrease
in France of 3.34 per cent
| Javas are In the market for sale at
los. 10 l-2d, for June-July and los.
I71-2d for July-August shipments, but
are above buyers views
At the close sale OF Porto Ricos at
s.SOc. establishes spot quotations at this
basis.
ST LOUIS Apr 29-John Charles