Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-07-08
WILLETT & GRAYS
LATEST SUGAR
report !.
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/ g.. e.. =.
Cuba.--The six principal ports: Re.
eeipts, 1000 tons; exports, 10000
tons; stock, ga, 900 tons.
Centrais grinding p, against %
last week, 70 last year and s in 1911.
Receipts entire island $4,000 tons
against $4,000 tons last week, 49, 6G
tons last year and 10000 tons in 1911
Stocks in the United States and
Cuba together of 1,024,571 tons
against 1,049.474 tons last week and
C60,279 tons last year, an increase OF
364.292 tons from last year.
Europe--Stock in Europe, 2,226,000
tons. against 1,576,o00 tons last year.
Visible Supply.-Total stock of Ell:
rope and America, 3,250,511 tons,
against 2,236,279 tons last year at the
same uneven dates. The increase of
stock is 1,O14,292 tons against an in
crease of 957, COZ tons last week Total
stocks of afloats together show a Wis
ible supply of Ball. 71 tons against
2,3S6,279 tons last year, or an increase
of 1,025,292 tons.
Raws.-The quotation for Cuba cen.
.Tifugals, 96o test, advanced &c per
100 lbs. to &c c.. & f., equal to 9.36c
per Id. duty paid.
Moderate sales. were made on this
basis for prompt and early July ship
ments, and a 2 1-32c c, & f.. f3.39c)
for the second half July shipment.
The inspiration to pay this slight
advance came from an improved de-
mand for the refined product.
Now it would seem under all the
evidence in sight that a further slow
upward trend to the market can be
expected for some months to come.
The Cuba crop report brings the pro-
duction to such high amount that we
find it practicable to revise our crop
estimate intelligently, which We do
herewith, to 2,375, 900 tons, against L.
S95,9S4 tons last year, an increase of
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-
tion of the year.
From the table herewith it is shown
that such full-duty sugar may amount
to $4,000 tons, not large quantity,
and only required because of the
Europe, Canada and Vancouver, made
possible by reason of Cuban prices
ruling enough below the worlds price
at Hamburg as to induce such impor-
tations.
The increase in the foreign demand
for Cuba sugar this season is about
125,000 tons over that of last year,
but If 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 lid. for the
week to IS. Sd. for June beets, on ia
vorable conditions as whole, al
though somewhat dry in some sec
tons, but 9s. Sd. for beet is equal to |
.6Sc. above our market for 90 test
We publish herewith our estimate |
of the United States domestic beet
sowings for this seasons crop, show
ing a total of 647,506 acres, an in
crease of 294 per cent. over those of
last year, and indicating possible |
yield of $4,000 tons of sugar, against I
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
1000 tons, of which Hips tons Porto
Rico and 1856 tons Hawaii are free
duty sugar. Meetings. are unchanged
and. stock increases 1910 tons.
At the close there are buyers for
all offerings at current quotations,
while sellers are inclined to ask 1-32c
advance. .-
Porto Rico Centrifugals were sold
today at 3.36c for SO 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 1.93c. f. o. b. Cuba for
cargo for July loading; the
demand from Europe seems to be sat
SIZED for the present, but there are
still some $4,000 to $4,000 tons of pre-
Vious purchases to be shipped.
The outturn of the Cuba crop con-
,inuing 10 prove beyond all expccta-
ion, we find il necessary to increase
)ur estimate H.. Pc.
The visible production to date is
9,1T1,759 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
rails grindingD aud allow for some
10000 tons excess of stocks held on
we may reasonably ex-
oect total production this season
If 2,375,0O0 tons, which is nov our
estimate, against last years crop of !.
I,S95,9S4 tons ="<N Ill. HI.