Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-10-28
WILLETT 8 GRAY'S
SUGAR REPORT

II > = s. IS
Statistics by Special Cables.-The
lexports, 1000 tons; stock, n, 900 tons.
centrals grinding /. against last
week. last year and none In 1911. =
Receipts entire island 1000 tons,
against 1000 tons last week, 1000 tons
last year, and 1000 IONS in ISL
j Stocks in the United States and
Cuba together of 273.9s6 tons, against
2S8,535 tons last week and 1888
tons last year, an increase of s134,74S
tons from last year.
Europe In Europe, sos, 900
lions, against $4,000 last year.
Visible Supply. Total stock OF
Europe and America, 1885 tons,
against 515. 1913 tons last year at the
kame uneven dates. The increase
or stock is 267,743 tons against an In
crease of 455,202 tons last week.
Total stocks and afloats together
show a visible supply OF 1886 tons
lagainst $50, 1913 tons last year, or an
increase OF 156,743 tons.
i Raws.-The business of the week
was interrupted from Saturday to
Tuesday by the annual celebration Of
columbus Day
The spot quotation Of 3.42c per h.,
made at the hnai close of business on
Thursday, remained unchanged, In
1.-THE absence Of business, until We'd
nesday Of this week when purchase
of 10000 bags Of Cuba Centrifugals
Thy the Federal refinery at 21sc e. & T.
!, restored the spot quotation to 3.4Sc
per ID. Every day since the holidays,
however, the market has shown q
frmer tone until its continuation in
the above sale at the advance Of 1-16c
per ID. over the final OF last week.
November shipments have been
wanted ali the week at 2H G. & (.
but there have been no offerings Of
such, for as stocks In Cuba and the
.. 8. decrease rather rapidly at this
season, it becomes more and more
difficult to buy without advancing
values, whereas the buyers were look
ling for further declines.
During the past four weeks the
total stocks Of the Island of Cuba and
1.-THE u. s. Atlantic ports, together
with the afloafs, have decreased from
434,O54 tons to 500, $50 tons, the lat
ter being the present visible supply.
e A feature Of the week is the sale Of
| $500 tons Of Philippine sugars for ar
Trivial at 2s8Sc per lb., basis Of 88 deg.
! for Muscovados, and including so
tons Of Geftrifugals at s.151kc per h.,
basis of SO deg. test. all being at the
parity of 3.4Sc per ID, IS test Centri-
Efugals -
Europe has caused some surprise
by its course of advancing Beet
prices In face Of continued favorable
crop reports by F. o. LIGHT
Some other authofitiess Of less
lprominence appear 90 have found rea-
son for starting IN upward mahipil-1
lation Of prices on the sugar ex-
changes The new syndicate, possi.
bly, American as we'll as foreign, are
said to have bought freely Of May!
and August Beet sugar deliveries,
Whether fully confirmed or mot, the
fact remains that Beet quotations have
continued the advances which began
last month, and further raised the
quotations for the week to yesterday
from IS. 81. to s.. 9 d. for this and
next month, and from 9s gid. to-
Ivs. 11sd. for May deliveries. Today
q reaction of lid to .9s. SID. is
noted for this and next month, and
I'D. for May to los OAd.
Regarding Beet crops the youtsurns
are recently reported somewhat ir-I
regular. Al new estimate by F.. o.
LIGHT is nearly due, which will no
doubt clear up the situation as vari-
ously reported from several coun.
tries.
The Louisiana sugar crop making
has not yet copmenced. Last year
the crop making began October 26
and the previous year October IL
No selling contracts have yet been
made, and the basis of same is not
yet fixed Intimations that this basis
may be fixed by the prices Of refined
iGranulated have some foundation,
but it is likely that the crop will be
placed at its market value on deliv-,
cry, and the outlook of the general
market now points to current, market
values being at or very near the bot
TOM
Several distinct and separate
classes Of buyers are now in the mar
ket for Cuba sugars, enough 1t would
seem to prevent any very marked
further decline, and the outlook for
the sale of the Louisiana crop at com
paratively. satisfactory prices is i'm
proving. =. =.
The demand from the United King
dom for new crop Cuba sugars is
quite active, and during the past
week or 10 days we estimate that
IS, GOO tons. have been sold for Jaiu-
airy and February shipments. at price
ranging from &c lowest to 2.04c high
est Today it is rumored that 2!O6c
was paid. While there are buyers at
2.06c for March, the holders are ask.
ing 2.10c. ALI these quotations are
on + o. b. Cuba basis. /
One European party bought yester-
day 5000 tons second half October
first half November delivery at 205c |
f. o. b. Cuba for European account.
Cuba old crop figures are no longer
interesting. We give; herewith our
own correspondents views of the