Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1911-10-07
IN BUSINESS CIRCLES

On the worlds sugar market the
Eastern exchanges Of the latest dates
have the following to say:
The week opened with the sugar
market firm in the extreme, and with
prevailing ut the close of last week.
The last advance Of 2OC a hundred In
the Coast market was not general,
one Of the Western rehners for the
time holding OH, but the later CON
Ccrn today swung into line with a
lift of 25c. putting the market up &c,
and the Coast interests now are to-
gother in the matter of prices That
the market will be further lifted be-
fore the end of the week is confidently
predicted.
Late reports from the drouth-
stricken districts Of Europe, where
sugar beets are among the most i'm
purtant crops. but add To the general
bullishness of the sugar situation, but
within the past few weeks the belief
that the prospective shortage in the
European beet sugar output has al
ready been largely, If not wholly, dis
counted, and that present values are
to considerable extent fictitious, has
been steadily gaining ground.
Estimates of the shortage in the
beet output Of Germany and Austria,
together. place it at l,45O.OO0 tons.
Conditions in France, Holland. Bel
GUM and Russia are normal, and the
output of these countries probably
will equal that of last year. TO or
set this prospective loss in the for
eign beet sugar yield of nearly l.5OO,-
900 tons, the consumers must rely
ON the cane-prOduCing countries. as
the beet sugar crop of the United
States Is not an important factor.
Last year il amounted to i5O,591 tons
out of total worlds production Of
all sugars of l4.9l4,575 tons. Under
the most favorable conditions the in
crease in production of cane Is csti-
mated at not more than 100000 tons,
so that the net indicated shortage Is
about 10000 tons.
That the situation in Germany and
Austria Is serious Is everywhere ad-
mitted. and probably such rs To indi-
cate relatively high sugar prices for
u year to come. The belief prevails,
however, that the effect of the prom
Used shortage in the sugar output
there has been over-cstimated. The
extent to which the game has been
a al lao, la
Ia vet to he determined. Meantime
the chances are that the sensational
advance in sugar prices will curtail
consumption to some extent.
Following are the daily sales of loc-
al sugar stocks for the week:
SALES-Between Boards: % liaw
Sug. Co, SAC: $1,000 McBryde Is, 500
Session Sales: % Pahang Rub. CO.
s2I.jO: % Pahang Rub. Co., S2l'50;
10 Pahang Rub. Co, $2l.5O: 10 Pa
hang Rub. Co, $2l.5O: 80 Ilaw. c. 4
S. Co, $40: 30 Olaa, So; 80 Olaa, 81;
: II. c. 4 $. CO., $40: Is II. c. a. s
Co. $40: 80 Olaa, So. Z McBrydc
sG.G2h: 10 Haw. pine. Co, $3S.2";
% Walalua. sl2O; 10 Waalua, $l2O;
Waialua. SEQ: Waialua, $l2o.
NOTICE-By vote of the Directors
Onomea Sugar Co. will pay extra divi
dcnds of soc per share Oct. ), Nov
., Dec. 3. This in addition TO the
regular dividend of soc.
DIVIDENDS-Oct |. 1911: Haiku
81: Paia. 81: Pioneer 81 spl. SIS,
reg. $3.50.
SALES-Between Boards: % Eva
S3l %: 100 II. b. Il NJ. Co, Sl9,SIIa;
30 II. -. & NJ. Co, s19.S7R; 90 II. V
4 NJ. Co. sl9.S7h; Waialua. sl2o.
Session Sales: 30 McBryde. sG,75'
: Oahu, $3l.75: Is McBrydc, $6.d2h
SALES-Betwcen Boards: so OahG
s3l 30: - Oahu, $3.50; Oahu, $751;