Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-12-24
wiIlett & Gray's Sugar Trade Jour

STATISTICS BY SPECIAL CA
BLES.-Cuba. new crop. The six prin-
opal ports:
: Receipts. 200 tons; exports, 200
stCns; stock, meme.
centrals grinding. %, against eight
last week and Is last year.
fsEntire island receipts for week. 1900,
tons. against none last week and 5000
tons last year. 49, I'd. "a
Stocks in the United States. and Gu.
baa together Of I07,984 TONS against,
167s772 tons last week and 62,965 tons
last year, an Increase OF n. 0a9s tons.
from last year. III fsaBE .asf yhat
Europe Stock in EHropes 4 ,S07. 600
tens, against 1.650,0Q0 tons last year.
VISIBLE SUPPLY.-Total stock o..
Europe and America, 1914 .064 tons.
against 1,712,965 tons last year atifhH
same uneven dates Thes increase u.
stock is 201, 099 tons against an IN.
crease of 170,243 tons last week. To-
tai stocks and afloats tagethen show
visible supply Of 1,927,06 tons
against t1,76S,965 tons last year. or an
increase of 16S,099 tons. s
Z RAWS.--While last weeks quota
ton for So degrees centEifugals was
3.61c per h., nominally, in the abb
senee Of reported sales at less, yet we,
noted that sugar from store could be-
bought at 3.54c per lb. ASA fact it
developed few days later that an
actual sale of new crop Porto Ricoa,
was made on December 8 at 354c per
h., which changed the spot basis to
354c on that date rgss5 -
4 The week is further notablhf for scen-
tinued weakness in new Drop Cuhas
for future delivery under light trans,
actions, the price touching &c C. & (.
for January shipment by purchase of
10000 bags for speculation 80 !.
December shipment is now quoted at
2f1-16c c. & T., early January 2 l-32cs
and all January and February at &c
G. & Z, the last equal 10 3.36c landed
for SO degree test. !.
sRefners have kept ont of the mar
ket this week and shown indifference.
to any selling offers, preferring TO see
an end to present supplies before re-
newals, In the meantimax values have
declined xc per Id. without business.
The notable features are the large
Increased Cuba crop estimates by Clis.
ban experts. Our preliminary ESTE
mates Ton October 23l of 2,4o0 900
tons, based upon our early adyicees
from q large humber Of es-s
tates was looked upon as too
large, but now the latest figures
obtained by Messrs. Guma-Meier en-
able them to make their first estimate
of a 2.479, 600-ton crop. while Mr..
Himely comes out today withsa still
higher estimate Of 2.56sy143 TONS. s..szl
Naturally it Is felt thai. even 2esc.
& { may not be the limit 0f decline.
! There is, however such a fallsh0rts
In the beet crop Of con3entions cdun.k
tries OF Europe that the indications
are United Kingdom will be q large
buyer of Cubas this year, which should
have some steadyingk effect pni the.
markets here. 8 s.sss
Notwithstanding the decline Id the
Europe beet nnarkstp there has been
some interest shown bys the Baitedd
Kingdom insC uhas on q basis af0unfi
I.90c fob. Cuba,e and It issueporteds
that cargo was sold EesteEday .cof
5000 tons, loading TO commence about
the middleeef January, 1T ]. soc fob,
So deg. Test There appears to. he fur
Their interest at this pricas ssss;e 4
The harvesting OF tie San Domingo
crop having commenced, there is
more disposition to offer these sugars.
and recently there were some sales
made to Canadian refiners Of January
and February shipment, direct to Hall.
fax, the price Of which Is withheld, but
is probably close to &c elf Halifax. |
At the close the offerings of these /
sugars are somewhat lower, with3 al
sale. reported to Montreal refiners at \
1.95c. elf for January.F February ship+ii
Some Surinam5 sugars afloat solc
recently at 197c elf New York. Theh
weather conditionsxir Cuba have rea
Gently been increasingly favorable, sSi
that the sugar yield of the cane is usu1'
ally good and accounts for the init!
creasing estimates Of crop outturn aneae
the early beginning Of grinding. g
We continue our own preliminar:p I
estimate unchanged until receipt o.
onr further data direct from estatess
but without questioning the estimates
now given.
European beet quotations have de-
clined to 9s., as anticipated, and
steady for several days, for December
IS. 3D. for January 9s.s 0&d, and IS. |
SID. for May. /
European crop estimates remain |
|
F O.. LIGHT reports, that sowings
for next year. in Germany will prob
ably be the same as last year.
Grinding has begun in Porto Rico,
and 36 eentrals. are now working in
Cuba. -.t -. -s,.-... -. =. r.
Atlantic port receipts include
1O,324s tons. from Louisiana. This -
crop estimate Of 100000 tons is ex-
pected to be, reduced hy4 latest out
look to- 25D, 900 to. 275, 900 tons. -.
At the close business for all
months is at a standstal. March
Cnbas fof new tariff are not quot
q hloS. vat SellnrS Eliminating noSSihle