Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-07-10

lkEIS.-SafeS at New 1Ork. June "a.
l-150-20O.00O bags Cubas. afloat, June
and July shipment. basis Sc. at
) 2 5-16c c. & t. (3.32cl, chiefly Ameri-
can. ~
Raws declined .07e. Refined un-
changed. Net cash quotations this
date are: Centrifugals, 1890; Granu-
lated. 4.214c. Difference 0.S94c. Re-
ceipts, 1884 tons. Meetings., 10000
tons. Total stock in Atlantic ports,
317,49S tons, against 314,104 tons last
week and 397,775 tons last year. Beet
sugar quotations. (. Q. b. Hamburg,
9s. lid. per cwt. for So analysis,
equal to 3.49c for go test Centrifu-
gals at New York, duty paid. First
Marks German Granulated t. o. b.
Hamburg, lis. 3d., equal to 4.0Oc
New York, duty paid. =.
+ Estimated afloats to the United
States from Cuba and Porto Rico, Co.
900 tons; Hawaii. $4,000 tons; Philip
pine Islands, 10000 tons. Total 1861
900 tons, against total $1,000 tons last
Iyear. There are 10000 tons Javas
afoat that may be available for U. s.
/ NET CASH PRICES REFINED
The lowest price named for refined
here on this date is basis of Cane Fine
Granulated. In barrels, at 4.214c net
cash. z:7>' - ...'
STATISTICS BY SPECIAL CA
BLES. - Cuba-The six principal
ports: 49,. ..-. 49,.
Receipts, 1900 tons; exports, 3d.
GOO: stock, $4,000 tons, against 554,-
900 tons last year. ..".-.
Centrals grinding, Is, against 10
last week, % last year and % in 1912.
Entire Island receipts for week, 81
900 tons, against 10000 tons last
week, $4,000 tons last year and $4,000
lions in 1912 -. -. .... ..-
Stocks in the United States and
Cuba together of 973,723 tons. against
LOCATES tons last week and 1,024,571
tons last year, decrease of 50,S4S
tons from last year. .-.. ~ #..
Europe. in Europe, 2,203, 900
tons, against 2,0S0,OOO tons last year.
/ VISIBLE SUPPLY.-Total stock of
Europe and America. 3,176,723 tons
against 3,104,571 tons last year at the
same uneven dates. The increase of
stock is 72,152 tons against an in
fcre asez of 1921 tons last week. To-
ital stocks and afioats together show
a i visible supply of 3,364.723 tons
against 3,275,571 tons last year, or an
increase of S9,152 tons. -.=ss-s.4-.
RAWS.- Centrifugals last week
telosed at 2 3-Sc c. & (. and 1850 per
lbs. duty paid, under the influence of
la temporary reaction by reason Of a
depressed tone and tendency in the
European markets. - =
No business was done on Friday,
saturday, Monday and Tuesday, but
ION Wednesday, when the European
decline had continued to extent of
Is 3-4d. from last week, as a result of
active liquidation of speculative Beet
contracts, our market felt the infiu-
ence to some extent, temporarily at
least, and sellers accepted 1-16c per
Id. decline, say at 2 5-16c c. & f. and
100000 bags Cuba Centrifugals for
shipment. Today a further small de-
cline of 34d. for June and July and
1-2d. for August brings the Beet
Quotations to IS. 1-2d. for June and
July and 9s. 2 lid. for August, the
August contracts showing the weaker
tendency on account of the favorable
reports from the European beet
crops $50. z, --'sa'.s..
A private cable was received today
that the reaction has probably touch
ed bottom and is not sympathized in
by Cane sugar, and that India Is a
buyr of Java sugar at Sd. above its
European parity value. n
/ hn t.
Is or will be ended soon, as the quo
tations are now at or below cost of
production and the market has be-
come active at the decline.
Other conditions than Europe give
intrinsic value to Cuban sugars, and
it is not surprising that our refiners
take advantage of these days to accu-
mulate supplies which they are GER
tain to require and which can be had
at parity difference of lie per Id,
below Europe. @..: -
The latest Cuba cable gives IA Cen
trails grinding; heavy. rains in some
parts of island
The receipts at Cuban shipping
ports continued favorable for final
crop estimates being reached between
their minfmums and maximums The
Iexports from Cuba are destined to the
United States. exclusively, no ship
ments having been made to ,Eurepe
In another column we give the
latest position of the Louisiana con.
ltention that Cuban sugar Is not en-
titled to the 20 per cent reduction
which was recently in the hands of
the. supreme court for a. 5decision.
We print herewith our preliminary
estimate Of the United States beet
sugar crop for the coming campaign,
based upon full returns from factories
as to their sowings. -.
The area sown this campaign is 513..
POI acres against 6i7,506 acres last
season.
We estimate that the sugar outturn
}will reach $4,000 tons, subject of
course to weather conditions during
the growing season ..-> -
This estimate is 95,29S tons less
than the last crop outturn of 655, 1898
i tons. -. p. ~: