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

Total stocks in United States and
Cuba together are 352,O96 tons, against
372,31l tons last year and 5G3 ,593 tons
in 1910.
At the close the tone Is rather cas-.
Ter, brg there is nothing to indicate
any very particular change in raw
sugar for the coming week
Czarnikow Rionda's circular Of
March ) says:
Our last report was dated LIST
March.
After our last issue had gone to
press there were sales of Cubas for
March shipment at 1925 C. C. (. (4.Gtc.J.
decline of .OGc. per 10. which was
followed by business at further con.
cessions that have reduced the spot
quotation TO i.52c. landed. represent.
ing total decline for the week OF
.1jc. per 10. after decline of .l3C.
In the previous week. The week Il
total transactions, including sales TO
New Orleans, aggregate about 10000
bags Cubas and Porto Ricos. From
the low point of ALEC. g. (. 4.52C.A
for Cubas, touched on 9Th inst, the
market quickly reacted to 3.t9c. c.
f.5jcD, at which price there are no
offers at the close. Taking into &c.
count the fact that prices had in
eight days declined Csc. per ID. FROM
the highest level, II was reasonable
to expect that stcadicr feeling
should develop, especially as the mar.
kct is again receiving support from
Europe, from which source there arc
now buyers of April shipment Cubas
at 3.19c. c. {. 4.55cD. The news from
Cuba lately reporting recurrence OF
rains IN the provinces of Havana. Mat.
anzas and Pinar del Rio has also been
a strengthening factor in the situa.
ton here.
Cuban tatistics.-Messrs. Guma.
Mcicr's crop figures lin tonsD to Goth
February, this year, compare with
those of the two preceding campaigns,
as follows:
1912 1911 1910
Production ..5SS.372 559.45l 7iO.766
Exports .....372.74S 2S1 1852 42O,T5
Stocks .2O2.474 2G5,6l9 3OS,277
As minated in our last. theymonth.
ly adjustment reduced the deficiency
between this years figures and those
of 1910 from iSO.5l6 tons on 9th Feb
ruary to 1884 tons on 29th The
present crop, however. was still about
$4,000 tons further behind than II was
at the end of January. when the di:.
ference stood at 1856 tons. and tho
following late figures of visible pro
duction to 9Th March:
1912 1911 1910
Tons ...... .646.152 639,1lS 500 .66S
show a falling off to date from 1910 OF
1866 tons. or a widening OF the GAP
in five days by 2i,l22 tons. II is con
sequcntly becoming more evident that
unless the summer rains are unusual
ly delayed It will be more difficult, a.
the season progresses, to make up tho
difference necessary to reach the of
fetal crop estimate of l.Sl2.l20 tons
published by Messrs. Guma.Mejer on
| December is. 1911.
, TariH.-A measure providing fol
the abolition of the entire duty on i'm
! portations of all sugars. both raw and
refined. has recently been reported I,
the House of Representatives by tho
Democratic members of the Ways and
Means committee, but as this bill car
ries with 1t the imposition of an in
come tax to Offset the ,~ss in revenue
the consideration of such policy Is
likely to consume much time in Con
gress, and II is therefore doubtful
whether anything definite in the way
of tariff reduction will be decided dur
ing the current sugar campaign.
European beet markets early in the
week were adversely affected by the
coal strike situation, and continued
their downward course until 5th inst
when further declines from iiad. "a
sid. per cwt. from last weeks clos
ing had been established. The in
creased firmness which subsequently
developed and resulted In daily ad
vances of prices has been maintained
today's (. o. h. quotations of March
los. 6Nd.: April. los. SID; May. los
9hd.; August LIS. 9Ad; next crop
October December, lis. Glad, being