The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1911-05-12
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with the recent slump IN che price
Of raws In ihe central market at New
York the latest review by willatt &
Grny's Weekly, dated April "a, Is OF
special interest The report Is as fol-
lowsi
Quotations have remained unchanged
At S.o2e, per pound through the week
under review, aud naturally after the
extremely large business Of the pre-
oeding week the market has remained
comparatively quiet, on a small trade
doing. About $4,000 bags June ship
ment oentrifugals were taken by oper.
ators at 5-sc c. & (. 90 deg. (3.9sc.
per pound) landed.
other offerings at same price remain
without buyers.
Also the offerings for prompt and
May shipments at 2 5-Se. c. q Z. are
liberal, but buyers views are not above
2 9-l6c. c. q f., the parity of S.92c.
landed.
The weekly Cuba cable gives re.
ceipts 10000 tons for six ports, 10000
tons entire island, ia eentrals work.
ing, against 1877 last week, 100 last
year and 131 in 1909. Rain is still
wanted in some sections, the heavy
rains reported this week having been
mostly in the western section. 1t will
be noted that the visible production in
Cuba to date is l ,165, 413 tons, against
1,104,351 tons the same time in 1909.
The total crop of 1909 was 1,513,5s2
tons. Centrals are not closing down as
fast az has been predicted, and less
confidence generally is expressed in
the smallest crop estimates.
This fact seems to have had some
effect in European markets, which have
shown declining tendency through
the week, quotations being los. Cd. at
beginning and changing to los. led,
and later to los. 63-4d. at the close,
with May at los G 3 Id, and August
at los. lid. Java cane also declined
] 1.2d. for the week.
In this connection, our Java cable,
received yesterday, is important. Civ
ing crop estimate of 100000 tons
against previous anticipations of l,300,-
600 tons. The last crop outturned L.
$4,000 tons.
The Cuban deficiency win not receive
the help expected from am increased
Java crop.
June-July shipment Javas, are offer
ed at los. 01-2d. c. & f. to New York
equal to 4.O9c. landed, or parity, OF
beet sugar at 9s. IL I'D. fob. Ham,
burg, against present value of August
beets at los. lad.
e. O. LIGHT ca,bled favorably for Eu-
ropean beet crop, and as promising 5
to per cent increased sowings in
Germany and 4 per cent increase fol-
all Europe over last year.
1t is notable that last year the per
centage of yield of sugar was consid
erably higher than the average for the
past ten years, so that four per cent
increase in sowings may not prove in
the end of as much Importance as will
the outturn yield. which can not bC
estimated at this time.
No feature of Importance comes from
other countries.
Four ports receipts. $3.50 tons, in
clude 10000 tons Cubas, 1000 toni
Porto Ricos and 1000 tons Hawaii. Mel
| tings, $4,000 tons. Stock in U. 8. ant
Cuba together. 53O,644 tons, against
5lsO65 tons last week and 74S,270 tons
last year.
The final outturn of the Cuba croI
will probably be more nearly known
before an active demand comes fol
full,duty sugars.
The parity difference between bee
and cane is now zoe. per 100 pounds
slightly less than the reciprocity AID
vantage.
At the close the market has an easie'
tendency, with buyers reducing Did
sec. to Lice. per pound.