Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1911-07-25
WORLD SUGAR \, !.
SUPPLY Low
Surplus Production Is Taken
Up BY Increased
Consumption.

Under date OF July Z the Czatinkov-
Rionda Company report on the raw
sugar market as follows
The pronounced Improvement In the
European Beet market has developed
d very strong market here, where
there was already a very firm feeling
among sellers, who expected that
once Fcfners had digested their last
heavy purchases they would again APP
pear as buyers at higher prices. This
weeks advance In Europe. therefore,
only caused sellers expectations to
materialize sooner than anticipated.
The recent very warm weather with
It's resultant Increased demand for re-
fined sugar has also had Its influence
In bringing about the present strong
or condition Of the market for raws.
Transactions during the week have
been only moderate, partly due to the
Independence Day holidays having
reduced the number Of actual busi-
ness days to four small lot Of
Cubas. afioat, was sold on 5th inst. at
2.9Gc. CT. basis 96'. establishing a new
spot quotation of 4.O5c.. and marking
an advance of .07c. over the previous
one. At the close sales have been
made of Cubas, for second half July
shipment, at 2.75c. CT, 90. (4.11c),
ana for August shipment at 2.s1c. CT.
go A.17c.), prices which do not seem
too high In view of the existing dis
parity between the markets here and
abroad, Beets at tUday's quotation of
12s. per cwt. fob. are equivalent to
4.54c. per Id. duty paid here. or 40
points above our spot market.
Javas are held at lis Cd. cost and
freight for July clearance, which is
equal to 2.sSc. cost and freight for
Cubas. Javas have not yet been sold
! In any quantity to our rehners. Only
| about 10 steamers have thus far been
chartered for July-August clearance
with United States option. some OF
which have already been sold to Unit
ed Kingdom, and with Beet SO much
higher than Cane, II Is very likely that
more will ultimately be taken by T..
X. buyers.
The Worlds visible supply is at pre-
sent 100000 tons, against 2,320,000
tons In 1910, 2.36O.0OO tons In 1909
and 2,2sO,OOO tons In 1908. In view
Of the greatly increased production In
Europe this year II is surprising that
the stocks should now be 10 low. This
shows how consumption had caught
up with production before the bump
err European crop OF 1910-11. and II Is
consequently reasonable to assume
that any possible occurrence Of con-
ditions unfavorable to the growing
crops would Immediately have Its eff
feet upon prices, unless there are un-
usually large quantities of sugar In
the interior OF European producing
countries that have not yet come into
the visible supplies
I European Beet markets have been
active this week and prices have I'M
dergone several sharp advances. In
addition to some unfavOrable crop re-
ports from Germany and Bohemia, the
reason for this increased activity Is
ascribed to good trade demand, to-
gether with covering by Bears" IN
old crop. Our private cable Of yester-
day reported that the weather is now
too dry The tone at the close Is very
firm, and today's fob. quotations are:
July, 1873; August. 12s.; next crop
October December, lis. Sd; January
March. lis. 41sd.. which represent ad
vances for the week Of IND. to ID
on present crop and 1Od. to 1Ohd. OF
next crop deliveries.