Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-06-07

Statistics by Special Cables Cuba
The SIX principal ports: Receipts.
90 900 tons; exports. $4,000 tons;
stock. $1,000 TONS
Centrals grinding rs, against 155
last week. ii9 last year and 81 in
I 1911.
Receipts entire island $4,000 tons.
against 10l 900 tons last week, $1,000
tons last year and $4,000 tons IN 1911.
Stocks In the United States and
Cuba together OF i.0S0.0S0 tons.
against. l.0of $50 tons last week and
7SS.651 tons last year. an increase of
341 500 tons from last year.
Europe Stock in Europe. 2.641.-
900. tons, against i.87S.000 tons last
year.
Visible Supply Total stock Of En-
rope and America. 3.72l,0S0 tons,
| against 2.6i6, 551 tons last year atfhe
same uneven dates. The increase of
stock Is 1.1oi ,529 tons against an In
lcrease OF 1.077.6S9 tons last week
Total stocks and afloats together
show visible supply Of S.9s2. $50 tons
against 2.S04.55l tons last year. or an
increase OF 1,157.529 tons.
| Raws.-A quiet and generally cas-
Ter tone and tendency throughout the
week under review led TO sales OF
Cuba So Centrifugals at .03c per ID.
decline to the present market quota
tion of 3.30c per ID. for Cubhs and
nominaily unchanged at 3.27c per 10.
for Porto Ricos. The decline On The
cost and freight basis Included l.I6c
per Id. from asking price for late June
shipments on sale at 15-16c per b.
G. 4 & (3.30c). II is q notable fact
that all the sales made during most
OF the campaign FOR future shipments
/ at above the current market prices
have failed to realize the prices paid
/ when the shipments were made. This
is significant rs showing the positive
course of the market as against the
theoretically anticipated market
course on which the futures were
based.
Bush sss Is now PUT through C a
basis acknowledged to be fully below
the cost Of production Of Cuba So
centrifugals ana yet the Inducements
to purchase are fully offset By the
oyerabundant supplies Of sugar Wis
ible everywhere. Today we have our
first estimate Of the new Java crop,
1,540, 900 tons to 100000 t62s. an in
crease from the 1881, 900 toh2 crop
OF last year.
The visible Cuba production al
ready has reached l,9S6,000 tons,
against 1.564,O00 tons at correspond
ing time last year The u. s. re-
quirements since january first have
! fallen off $1,000 tons at Atlantic
/ ports, which, with increased receipts.
leaves stocks larger by $4,000 tons,
so that visible supplies in stocks Of
Cuba and the II IS. appear in excess
OF anticipated wants up to the market
ing Of the next domestic crops Of
Cane and Beet sugar, which also pro-
mise to be large.
Under present outlook buyers. If
either refiners or operators, find little
| encouragement in the unusual oppor-
tunity of securing sugar at below the
cost of production, and the market
drifts along with declination tone
and tendency until something import
ant occurs to change the conditions.
i The hope Of all holders is, how
ever. that when the tariff question Is
settled the demand from the country
will be so heavy as to increase the
requirements for MEETINGS to at least
the total of last years and finally
leave stocks on October list only mo-
derately larger than those usually
carried at that time Of the year.
In the meantime the tariff IL an
unknown quantity, now in the Fin
ance Committee of the Senate, bonn
barded with protests from all direc-
tons. against its free duty clause.
The latest guess is that the Sen
ate will substitute duty for no duty
and leave the Conference Committee
of both Houses to solve the problem
finally
Europe appears to have caught the
| pessimistic influence from the United
States and willingly or regretfully let
the prices decline to the cost of pro-
duction of beet sugar
The lowest representations for
beet sugar made for this campaign
was of IS. per cwt. I. o. b. Hamburg
for SO deg. analysis beets.
For the second time In this CAM
paign, after shilling or more ad-
vance from the first. this price has
been almost touched. and appears new
to be about to break through and
follow Cuba to below cost Of produc-
! The cane sugar market Of the Unit
] cd Kingdom has also sharply decIiBcd
owing to the heavy afioats to that
country, some 10000 tons being now
under way from Cuba Last sales
/ were at 1.s5c (. o. b. Cuba, but since
! then some of the buyers Of the sugars
are trying to dispose OF same on basis
of 1870 without results so far, There
is some inquiry at 1.SOc T. o. b. Cuba.
equal to about 9s 41kd c. (. & i. United
Kingdom.
i A small business was put through in
! San Domingos at IS Sid c. /. f. Liver
| pool, equal to about 1850 c. t. I. New
York.
TIE decline for tho week in beet
sugar is 2}zd for May, June and Au-
6ust
We received today the quotation for
! October-December beets at os Cd T. o. b.