Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1912-03-30
Sugar Circular Comment.


Sugar circulars received by the RI.
cent mails are of especial interest on
account OF THEN comment on the gen.
eral worlds sugar situation and also
on prospective sugar legislation at
Washington. 1t is worth noting that
Willett & Gray have not the slightes;
fear of free sugar as proposed by the
House Democrats. The Willett &
Gray circular bearing the date Of
March ID says:
Visible Supply.--Total stock of En-,
rope and America, 2,74O,096 tons
against 3,i1G,31l tons last year at the
same uneven dates. The decrease of
stock is 676,2l5 tons against a de.
crease of 1905 tons last week.
Total stocks and ahoats together show
a visible supply of 2,913,096 tons
against 3,559,3il tons last year, or n
decrease of 646.215 tons.
Raws-Both foreign an domestic
markets for the week under rcvic "
have been subject to fluctuations,
ending generally ar or near the re-
cent lowest level Ct prices. Beet su.
gar was los. 81. (5.3Oc). and is now
les 3Md. t5.27cJ after lis. Sd
(5.2Gc.).
The small difference FIR .he we X
indicates no very unusual features ar-
fecting the market III Europe.
In our local markets the DISPOSE.
ton to add to suppl!cs by our Icfners
has not yet developed. and hence
What little better fesims was shown
by sellers has been lost. and very
considerable amount o' sugar FOR
shipment can be bought at ; 3.lGc.
rLd 3Ac. C. & I. tj5c 10 i.Gicl duty
raid, while sugar alba was sold TO.
day at 4.52c. for 90 teS5. which has
Lcen quoted nomina'y tor some DAYS.
The long continued agitation by the
ii"ussels convention Ovnr the in.
creased exports to be allowed TO Rus.
>ia will be decide ~ II meeting To
be held this day to confirm a tenta,
tive agreement reached by Germany
and Russia. We give the probable
terms herewith.
The Cuba crop continues to make
progress along lines rather more IA.
forable for the final outturn than the
recent smaller receipts at shipping
ports appeared to indicate. The re.
ceipts this week increased very large.
ly, and 1t would be hazardous to re.
duce total crop estimates below l..
100000 tons, as some persons are dis.
posed to do at this early stage of the
crop.
The coal miners strike In the Unit.
ed Kingdom is more serious and Is
affecting both their local refined pro.
duction and their consumption
In the meantime, England has been
Interested in our market and at one
time paid los Cd for San Domingos,
and continued to bid for more, but
later In the week business was nut
through at l5s Sd c. |. (. Liverpool,
equal to about i.S5 If duty paid here.
Cubas have also been soil to United
Kingdom on I. o. b. basis of 3.15,
but buyers views are now consider.
ably lower.
The proposed sowings for the next
European beet crop are not yet esti.
mated and will prove, when known,
a feature affecting prices.
The House Tariff bill is to be passed
over to the Senate within a day or
two, and that Is probably the last that
will be heard of the free sugar bill
except politically. A revised tariff
measure, based on sugar schedule
of say 50 cts. per 100 lbs. go raw, on
Cuba sugar is quite likely to come
back TO the House as compromise
measure.
We give herewith the lava export
figures to March LIST, compared with
previous wears.
The Cuban crop production to
March LIST is given by Messrs. Guma.
Meier, 5SS,@12 tons arainaI $50 ~
tons last wear and lio,IG6 tons in 1910
to same date.