Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-07-29
WHLETT & GRAY
REP ORI ON
SUGAR

July II saws.
STATISTICS BY SPECIAL CABLES
-Cuba-The six principal ports: Re-
ceipts, 1000 tons; exports, $4,000 tons;
stock, $4,000 tons.
Centrals grinding II. against 10 last
week; Is last year and ) in 1911.
Receipts entire island 5000 tons,
against 5000 tons last week, 10000
tons last year and 5000 tons in 1911
Stocks in the United States and Gu
ba together of S72,0S6 tons, against
o19, 500 tons last week and 615,443 tons
last year, an increase of 256,613 tons
from last year.
Europe. Stock in Europe, 1887, 900
tons, against 1877 900 tons last year.
VISIBLE SUPPLY-Total stock of
Europe and America, 2,709,0S6 tons,
against 1 ,S92,443 tons last year at the
same uneven dates. The increase of
stock is SI6,643 tons against an in
crease of 918, 253 tons last week Total
sticks and afloats, together show a
visible supply of 2.SS5. 086 tons against
2,083, 443 tons last year, or an increase
of sol ,643 tons.
RAWS.-Dtring most of the week
the market sales were on the basis of
3.54c per h., the same as last week,
but near the close the American and
others came in and took some 100000
bags Cuba centrifugals at basis of
3.57c per h., SO degree test, closing
the market firm and strong on this
basis, and with August shipments held
at 2Nc c. e T. J3.15c).
Offerings are not large for future
shipments, and the tone and tendency
favor continuance of advances from
time TO time.
European Beat sugars of last crop
are down to cost Of production, at 9s.
+. o. b. Hamburg, and as good author
tiles claim that the growing crop costs
9s. Cd. per cwt. to produce, 1t is quite
fair to expect that the European mar
kets will soon begin to- show an up
ward trend for some time.
If so, the margin for rise in our
market will be correspondence in
creased from the present parity mar
gin between Cuba Cane and European
beets of 81 cents per 100 lbs.
Europe is now entirely out of the
Cuban market for new purchases for
export, which is straw" IN favor of
improvement of prices in the u. K.
The Tariff Bill is now before the
Senate, and I'VE egiye herewith all
changes made which affect sugar.
The bill retains present rates of du
ty until March /, 1914. and from that
date until May 1, 1915, two years and
two months, the rates are Is per cent
less than now, and after May l, 1916,
all sugar from all countries comes in
to the United States free of duty and
without any countervailing duties
against bountles or kartels. so that
these can be resumed. by Germany
and Austria and will be accepted by
the United States as special gifts to
our people.
Java sugars for August shipment,
say October arrival here, appear on
the market today for the first time
this season, and are offered at lis. Cd.
C. and f., with possible lis. Sd. ac-
cepted to sellers. The cost of them
landed in New York is Also per h.,
against the present value of 3.57c per
49,, 96 degree test basis.
The only interest in the Java crop
Hes In the prospect that It's quotation
may decline su1nclently 10 induce
Shipment from Java 10 the 7Unlteu
hngdom ana release an equai amount
OF CUBA sugar now IN warehouse 2.
anoat Tor reSnlpment TO the Unlteu
states.
Suoa weekly crop receipts were -,
V00 tons Tor lsiand' against lV,VoV
g. 10 .
TONS Ior corresponding week last
year.
WE'VE Centrals are WORKING,
against 10 iast year.
Inc Weather is IaVoraDle lor the
growing crops.
Allantlc ports Hgures Ior week give
40, fo4 TONS receipts, lncludlng 9,sfo
IONS Porto hlco ana ll,ooo IONS ma,
wan Tree sugar. MeltIngs are Norman
Ior ihe season oo,VVV TONS, 1olai
STOCK IN unlted states anu ouDa al
poFls. tosether, Sfz,ooo TONS, against
olo'f4o IONS last year.
AT the close federal Dougnl iU.ooV
bags CuDas, load1ng at 3.9'c. and New
orleans paid 5.bIc Tor August SNIP
49,