Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-07-08
WILLETT & GRAYS
LATEST SUGAR
REPORT !.

June 20 saws: ~
Cuba.-The six principal ports Re.
Leipts, 1000 tons; exports, 10000
tons. stock, $4,000 tons. -<.....
Centrals grinding %. against %
last week, % last year and S in 1911. !.
Receipts entire island "a 900 tons,
II against "a 900 tons last week, $4,000
4 tons last year and 10000 tons in 1911.
Stocks in the United States and
] Cuba together of l,024, ST. tons.
C60,279 tons last year, an increase of
364,292 tons from last year.
Europe Stock in Europe, 2;226,O0o
tons, against 1,576.000 tons last year.
Visible Supply-Total stock of Eu,
rope and America, 3,250,571 tons.
Il against 2,236,279 tons last year at the
same uneven dates. The increase of
stock is 1,O14,292 tons against an in
H crease of So, 607 tons last week. Total
stocks of afloats together show Wis
ible supply of 3,411, 571 tons against
Il 2,386,279 tons last year, or an increase
of 1,025, 292 tons.
Raws.-The quotation for Cuba cen
II .rifugals, go test, advanced &c per
i 100 lbs. to &c C. & f., equal to 3.36c
Il per ID. duty paid.
I Moderate sales were made on this
basis for prompt and early July ship
i ments, and a 2 1-32c c. & +. (3.39c)
/ for the second half July shipment.
i The inspiration to pay this slight
1 advance came from an improved de
I mand for the refined product.
\ Now it would seem under all the
4 evidence in sight that a further slow
/ upward trend to the market can be
u expected for some months. to come.
II The Cuba crop report brings the pro-
i duction to such high amount that We
4 find it practicable to revise our crop
4 estimate intelligently, which We do
/ herewith, to 2,375 900 tons, against T.,
| S95, 1884 tons last year, an increase of
1 479,016 tons.
Notwithstanding this large in
crease in the Cuban crop, we find it
necessary to revise Our previous ex-
pectation that no full duty sugar will
be required to complete the consump-
! ton of the year.
From the table herewith it. is shown
that such full-duty sugar may amount
! to $4,000 tons, not large quantity,
!
/ large exports from the Cuba crop to-
Europe, Canada and Vancouver, made
possible by reason of Cuban prices
ruling enough below the worlds price
at Hamburg as to induce such impor-
| tatfons.
The increase in the foreign demand
| for Cuba sugar this season is about
| 125,000 tons over that of last year,
but if a good part of this quantity is
diverted to the United States instead,
or returned from Europe, we will not
require any full-duty sugar this year.
European markets have a down
ward trend, declining I'D for the
week to 9s Sd. for June beets, on ia
vorable conditions as a whole, al
though somewhat dry in some sec
tons, but IS. Sd. for beet is equal to
.63c. above our market for 96o test |
centrifugals.
We publish herewith our estimate |
of the United States domestic beet
sowings for this seasons crop, show
ing a total of CAT SOC acres, an in
crease of 2.94 per cent over those of |
last year, and indicating a possible
yield of 100000 tons of sugar, against
last years crop of 624,064 tons, the
largest on record. The tariff agita-
ton began too late to materially af-
feet this years sowings. The new
crop sugar will begin to come on the
market in July from California.
Atlantic Ports receipts for week are
1900 tons, of which 11,126 tons Porto
Rico and 7,156 tons Hawaii are free
duty sugar. Meetings. are unchanged
and stock increases 1000 tons.
At the close there are buyers for
all offerings at current quotations.,
while sellers are inclined to ask 1920.
advance.
Porto Rico Centrifugals were sold
today at 1850 for 90 deg. test, the
full equivalent of Cuban sugar, be-
cause of the probable delay in making
the new tariff effective.
The last sale to Europe was made
this week at 1880. (. o. b. Cuba for
balance cargo for July loading; the
demand from Europe seems to be sat
isfied for the present, but there are
still some $4,000 to $4,000 tons of pre-
yious purchases to be shipped.
The outturp of the Cuba crop con-
tfnuing TO prove beyond all expecta-
ton, we find it necessary to increase
our estimate.
The visible production to date is
2,171,759 tons, and if we add the same
quantity as was produced last year
after this date, say $4,000 tons There
being about the same number of Cen
trails grinding) and allow for some
10000 tons excess of stocks held on
plantations, we may reasonably ex-
pect a total production this season
of 2,315,000 tens, which is now our
estimate, against last years crop of
1,S95,9S4 tons. <.. ....:..:
NO ARMY EXTENSION IN KOREA.