The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1911-11-01
RELIEF TO SUGAR
MARKET COMES

dCCOIuluS 10 llGulNllOl vi Nlll''' ~
Gray's a further advance in prices is
unlikely during the coming year.
This same authority, under date Of
October 10, gives the following esti-
mates of the worlds visible supply Of
sugar
Total stock of Europe and America,
3GS,S79 tons against 662,O93 tons last
year at the same uneven dates. The
decrease of stock is 293,2l4 tors
against a decrease of 1895 tons
last week. Total stocks and aloats
together show visible supply Of
63S,S79 tons against S26,O93 tons last
year, or a decrease of 1924 tons
Reviewing the week ending Octo.
Der 10. Willett & Grays has the FOL.
lowing to say:
Raws.-The week under review evil
IDENTIFY marks the turn Of the market
from the state of short supplies 80
the beginning of new crop supply con-
/ ditions, although the only fOreshadoV
| of this is in larger arrivals this week
! than are required for MEETINGS, AMI,
/ Furthermore, the beginning of mama
facture of domestic beet refined,
/ which can be placed Immediately on
( the market making it easy for cane
refners to reduce their MEETINGS 10
the amount of their supplies of raNs
without disturbance to the country in
/ the way of further advanced prices.
The limit of advance Of refined
sugar to consumers would appear to
have been reached, for several months
at least. even if crop outturns should
prove so very short in the end as 20
cause higher prices near the close Of
/ the campaign year.
The European beet sugar market is
a waiting one for first crop estimates
now about due from F. o. LIGHT. IN
the meantime small fluctuations Of
prices come from day to day. Those
for the week were from Us. Cd. tC
IT'S 11bd. to lis. sad. to us. Cd. fol
prompt, and from us. 41ad. to 17s
I'D. to us. 71ad. to lis. Cd. for n
lures of May delivery, showing rather
an upward trend possibly because e
o. LIGHTS last cable to us says that
while the weather is favorable f0l
crop work, the sugar content of the
beet roots is showing smaller thar
last year. Great interest will con
tinue to follow the development OF
crop conditions
Our market is still under the infn
ence of small offerings, which are
taken at under the nominal market
quotation of soc, but not in suf
cient quantity to change the quota
ton.
New crop Cuba and Porto Rice
sugars are more talked about, with
out approaching to actual business
915c. c. & f. (4.S6c landed or its
equivalent f. o. b. Cuba, would ht
paid for January deliveries, while
this price is named by sellers of Feb
ruary-March deliveries.
Porto Rico new crop stands simila
to Cubas on the market for January
February shipments.
Cuba crop expectations, as thc'
come to us from the several estates
are more or less irregular and alwa"
based upon what the weather conl'
, tions may be during the actual cro'
; making. The figures named thus "a
in these renorts vary considerable
BY next week we will be able to Civ
; some idea Of the average eXpectatio,
, Of the croD outturn, but a close est
mate is out of the question at thi
/ early date.
, Receipts for the week at four port
in the United States are 42,S57 tons
MEETINGS $4,000 tons, total stock 4
United States and Cuba togethe
, S1,S79 tons, against 74O22 tons las
week and 1903 tons last year.
The next change in spot quotation
; is likely to be lower, but there is still
considerable interval ahead in whicI
there will be a lack Of sales on whicI
to base the market quotation Off
: cially,
2 A cargo of Hawaiian sugar arrive
! yesterday at Philadelphia by sailin
vessel the value of which sugar ha
: increased 60 per cent since it wa
; loaded at the shipping port
. Javas shipped last month for NJ
yember arrival are offered at 17s
C. f. & /. equal to Sale, and Braz
/. centrifugals are for sale on about tn
/. same parity.
Louisiana Cenuifugals for Noyen
Der shipment can be bought at 5l5'
i, f. o. b. New Orleans equal TO $500
. to 5.4Oc. New York;, but ayailabl
. tonnage is scarce,
/. Any amount from one dollar u
/. starts a savings account with tn