Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-10-07
& GRAY
GIVE LATEST
ON SUGAR

nal for September p gives the fol-
Moving market report and news about
the sugar tariff: Z.
Statistics by Special CableA-Cuba
The six principal ports: Receipts,
5000 tens; exports, $4,000 tons,
stock, 101 900 tons.
Centrals grinding l, against last
year and nome in 1911.
Receipts entire island $4,000 tons,
against 5000 tons last week. 1909
;Cns last year and 1900 tons in 1911.
Stocks in the United States and
Cuba together of $4,000 tons. against
381, 1920 tons last week and 214,686
tons last year, an increase of 1894
tons from last year. e..
Europe Stock in Europe, 1000
tons. against 6l5. 200 tons last year. j..
Visible Supply. - Total stock of
Europe and America, 1908. 900. tons.
against S29,6S6 tons last year at the
same uneven dates. The increase of
stock Is 479.314 tons against an in
crease of 1896 tons last week. The
total stocks and afloats together
sho wa visible supply of 1,372,0eoI
tons against 1901 $50 tons last, year,
or ar increase of 370,314 IONS. 49,.
TRANSFORMATIONS declined cts
yer 100 lbs. to equivalent of 367c per
10. for Sc degree test centrifugals, say
2 Size. c.&f.. followed by a further
decline to 2Ac c&f. reducing spot
quotations to 361c.
The week under review was subject
to influences that are quite unusual
as compared with several past sea-
sons.
Just one little difference is account
able for the greater difference being
experienced.
-, The necessity of adding to our local
supplies last yeah by imports of about
$4,000 tons of full-duty sugar sustain
ed Our local markets at that time. -
The absence of such necessity this
season by reason of q surplus of sup
PLIES at home, causes q weakness
every time sugars from the local sup
plies are put on the market in adj
vance of the hand-to-mouth basis on
which. all sugar business is now being
done from the refiner to the retailer
Refiners' own stocks are not yet
down to this hand-to-mouth basis, and
all efforts to induce them to take on
more stock until this condition is
touched, results. in concessions by
sellers necessary to be made. i.
The local supplies for use by refin-
ers to end Of year are not excessive,
and if it is possible to withhold them
from the market until refiners can
handle them on the handrto-mouth
basis, more satisfactory results to
sellers would no doubt result.
: AS it is cargoes are arriving unsold,
with but few days in which to sell
or warehouse, and weak market re-
suits.
1t may be said also that buying raws.
in anticipation of a much larger de-
mand for the refined products in Sen
TENDER than actually materialized, has
to do with the present inability of re-
finers to keep the market clear of Of
ferings at full prices.
We are inclined to think that F. o.
LIGHTS commercial estimate, given
herewith, of the European beet crops,
1894, is somewhat more favorable
for a higher. range of prices for the
crop than was obtained for the past
crop. The first deliveries, however, 4
in October are quoted at 9s. 3Ad per
cwt., which price scarcely covers the
cost of production Futures of May
and UPWARDS, however, show 21hd. ad-
vance during September to date.
In brief, the commercial estimate
shows total for all Europe of an av-
erage between a maximum and mini
mum of S,455,00O tons, against actual
last season of 2,305,000 tons, a prob
able increase of only 10000 tons for
this season, but what is of special inn
poTtance is that Germany, Austria and
France give less expectation than last |
year, and the increase of 100000 tons
in Russia is Of less Importance under
the controlling influence of the Rus.
sim government, which may or may
not divert its surplus in competition
elsewhere.
Russias crop last year was a par
tial failure, and less stock goes over
into the new season than last year.
The consumption is increasing from
about % pounds per capita in 1911-12. !
Our Russian correspondence, here |
with, is interesting
Hence, at first view, we look for i'm /
proved sugar conditions in Europe for
1914, when viewed Independent of the
crops which go to make up the United
States requirements.
The low prices ruling in the United
though 12C to &c per h.
higher than the duty basis parity of
the Unitcu States, produced an in
creased consumption for II months to
l of S5126 tons over 1912
Cane crop conditions are fairly IA
VoTable throughout, with mo special
estimated Increases or decreases for
next season.
Cuba is ending with one Central
and full-Gp receipts for the
season. 10000 tons this week
Stocks in Island are SO far reduced
th;': it seems they might be better
till wanted.
At the CLOSE the sugars on the mar
iet romain' unsOld. and quotations re-
main nominally at 2Ac c. & f. and
316c per ID. fer 9Sdeg centrifugals.