Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1911-05-20

nnuCH tHt lDCdi indIhtt udS NhhubV"
in the last few years since the oil
and mining stocks of the mainland
came into the field. Not SO very long
ago. a buying of McBryde such as oc-
CURED few weeks ago would have
sent the stock flying to 10 and a..
Now. probably Ave thousand shares
could be obtained at Z. A thousand
shares of Olaa can change hands and
the market probably sag under 1t, al
though the condition Of the plantation
is excellent
The meaning Of this Is that the
buyers of stocks in small lots "on a
little speculation" are out of the mar
ket They have put their money. into
mining stocks and oil wells. They
will be much sadder and wiser when
the mining and oil enterprises get
through with them. but there is no
doubt that their desertion OF sugar
stocks is what helps to make dull
season in that line.
Just when the crowd will turn
back to sugar again is hard to say. II
may be the coming summer. II the
European beet crop does not increase,
or II may wait till after the public
knows what the Democratic and In
surgent Republicans intend to do with
the sugar tariff. Certain II is, II the
present revision movement does not
reduce the tariff on sugar. no political
change will for many years to come.
New York Sugar News.
The latest information contained in
New York sugar circulars is that Of
fered by the Federal Reporter for May
8. which says OF the market:
Raw Sugar.
Our market has been quiet but firm
since Tuesday. On Wednesday H..
900 bags Cubas ahoat, sold to the
Warner Sugar Refining Company, a,
2 7-16c cost and freight, SO deg, the
equivalent of assoc duty paid, with
moderate sales Of Cubas, for second
half May, at 2hc cost and freight for
So deg. test, the equivalent Of $3.50
duty paid. On Thursday Messrs. b
II. Howell Son & Co. bought 4,20(
bags Porto Ricos. due early mex
week, at 3.S6c delivered for SO deg
test, and $4,000 bags Cubas, fol
prompt clearance, at 2 7-l6c cost ant
freight for SO deg. test, while the
Revere Sugar Refining Company, o.
Boston. bought 10000 bags Of Port,
Ricos. for prompt shipment, at $3.50,
Ic. l. Z.
The sales today show an improved
tone to the market, the spot pric,
having advanced on the last sale 81
per hundred. At the close we fint
sellers asking a further advance, will
refiners not disposed to make an,
further purchases before next week
II Is not unusual to find a little re
action, Just as we have had. follow
ing a large buying movement, as Their
always are some sellers who do no
sell when refners are buying in
large way, and, after the buying I
over. these sugars are offered on al
unwilling market The undertont
however, is very sound, as shown b
the fact that the amount of suga
sold at the concession in price ha
been comparatively small. and tn
disposition on the part of sellers gen
orally has been to withdraw their OF
ferings. when they saw the marke
showing declining tendency. TIL
Iclosing is therefore firmer, with indi
cations in favor Of better prices mex
week. and the spot market on tn
basis Of S.s3c duty paid for 96 DEF
Centrifugals, 3.33c duty paid for
deg. Muscovadoes. and 3.OSc duty pal
for 81 deg. Molasses Sugars. TIL
worlds visible stock Is 100000 ton
against 100000 tons last veal
Messrs. Willet G. Gray figure the Ia
tai stocks and afoats 1881, 1856 ton
an increase Of 326.234 tons. Stock
In the United States and Cuba I,