Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1911-04-06
CUBAN CROP AT
l,458,OOO TONS
Sugar Reports Favorable to
Good Range of Higher
Efn Prices.


The Federal Reporter for March %
saws OF the raw sugar market:
The market continued to strengthen
during the week. and ON Tuesday mod
crate sales of Cubas. for March ship
mcnt. were made. on the basis Of
2 aIGc cost and freight. for &C. degree
test, the equivalent of 3.92c duty paid, /
while 10000 bags Cuba Ccntrlrugals,
for second half April shipment to New
York. sold at . 1880 cost and freight,
basis 90 degree: $1,000 bags April ship |
ment to Galveston ut j-Sc cost and |
freight. and $4,000 bags. May clearance
to Philadelphia. Mt 25-sc cost and |
freight. the equivalent Of 2.9sc duty |
paid. while spectators bought about |
AZ. 900 bags Cubas, for May shipment. |,
on the same basis Yesterday 10000
bags to 1900 bags Cuhns sold to spec
ulntors. for second half May shipment.
Mt . j1Sc cost and freight. for 9G-dogrco
test. while n small quantity was sold
to one OF our rcfincrs Mt 1880 loss,
for all May shipment The tone Of the
market improved considerably ycstcr
day. on ndviccs that our agent had re-
| duccd his estimate of the cuban crop
~
known that Mcssrs. Guma & Majcrhad
! reduced their estimate TO 1,45sO00 tons.
but apparently this reduction was not
all that Europe expected as today the
market IL easier. and that has had it's
effect here in causing buyers To- stay
| out Of the market and await further
development March April shipment
! could he had Mt . e-1Gc cost and
I xs1,f 10 n
| equivalent of the prevailing spot quo
tation Of 3.92c dutyNpaid for 96-dcgrcc
tcst. with last half April offered Mt
4 1-32c moro, and May shipment at Lice
| moro. Holders are not pressing sales,
but the tendency on the part of both
buyers and sellers Is to wait until next
week before going on. The strength Of
! the nosition here Is due. first. To tho
| fact that our renncrs started the year
| with unusually light stocks. then tho
Cuba crop was late, and the decrease
I'm the production to date, as compared
| with last year. together with the spec
uIativc interest. has hoon sufficient to
keep our renncrs in the market right
nlong. in order to secure enough sugar
to keep their rcnncrics running hut
has not enabled them to secure any
surplus StoCh' lhl~ wv '"'"'" N''"
and they on the other hand' hnN" h"en
In n better position TO ilnanc" their
supplies than usual, so that with an
, apparent material shortage IN the crop
and corresponding rise IN Europe
; has made them very reluctant sellers
In fact. II does not seem mat our re-
incrs will have AN opportunity 10 nc
/, cumulate the usual reserve supply
} IL the present Cuim crop estimates
prove tn he correct We WIZ prohahiy
| require between 3OO,oeo tons ana 4oo'-
900 tons non preferential sugars whicf
Will have to com" either from Java Oh
Europe. For these stocks we VIII nave
to pay the European parity. Whatever
that may be- when the STOCKS are re-
= quired. The ndNanc" IN Europe mas
I probably been largely engineered 10y
D the old bun clique VINO Seeing th'
0 shortage In cuba, nav" bech ehcour'
D aged to put their market mp. 'I ,h'
Increased production In Europe OF q
, little over 2'ooo'ooo tons, pract''hi'E T.
OOO,oOO tons Is III i'uSSU'' Wn'r' u y
I said 1t will he taken care OF wlthou'
y diitcultN -.... ..
The convention countries 90 nor S"'n
;, TO be worrying very mucn hp"ut YAK
= Ing care OF the other l,oooooo TOMS W
they seem to feel mat the increase
consumption. ana p"Ss'hle Hll'H u
u America VIII help tholll Out Nh"' VI
rect present prices VIII nave "h SOW
y inIs next month remains 10 ne S''''
nut nh'h touaF th'r' mus poc'' us"
u lnte'y no signs OF any r'4e'", VI r.u
= rope. The closing mere " very hrh'
p Win the spot photallnh On Tue ""H'S !"
5''2c amy piid Tor '","'sre' .'"'' !"
gas SAG uu'S P'Iu 'o'
Musc"Naho"s, ana "i'c uuaH l'n'u ="
S9-degr"e moIasSes sugars The wor'"
visible STOCK " "'iSo'ooo 'o''S' aS con-
pared WIN "'l'o'oop IONS NV, S"u
: M'SSrS' Nil'tt " gray "Eu'' wv w,
: stocks ana oho!,S as hh"w''s u N,S'"l
:, supply "i "'1o"''oS "''''' u" ,'''i.' :.
a'J''io IONS rom l'H' E''''' nv ~"
IN thc 'h''e' S''''S wv" MA w