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

/ kgI Ss-SatesS5 al New 10Fks June "a
Ito 700 000 bags Cabss. aaoat. June
and July shipment basis sc at
II. 5-I6c.,e. & I. t3.32cl. chiefly AIneri-
tean.
Raws declined .97c. Refined IN
changed. Net cash quotations this
date are Centrifugals, 3.32c; Granu-
Hated. 42i4c. Difference Q.S94c. Re
eeipts, 63.394 tons. Meetings.. G0,00o
tons. Total stock in Atlantic ports.
81, 49S tons. against 3i4,i 04 tons last
week and 397. IT'S tons last year. Beet
sugar quotations. E. o. b. Hamburg,
9s. | led. per cwt. for IS analysis,
equal to 3.4gc for &c test Centrifu-
gals at New York, duty paid First
Marks German Granulated (. 0. B..
Hamburg, lis 3-3d, equal to 400c
New York, duty paid.
i Estimated afioats to the United
States from Cuba and Porto Rico, 65,-
loco tons; Hawaii, $4,000 tons; Philip
lpine Islands. 10000 tons. Total 1851
loco tons. against total 81 900 tons last
year. There are 10000 tons Jayas
Iafioat 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
GRADUATED, In barrels, at 4.2t4c net
leash.
| STATISTICS BY SPECIAL CA
BLES. - Cuba-The six principal
ports:
Receipts, 1000 tons; exports, 3d.
loco: stock, 509,000 tons, against .554, :
I000 tons last year.
Gentrals grinding, l6 against 10
last week, % last year and % in 1912
Entire Island receipts for week, a.
I90O tons. against 10000 tons last
week. $4,000 tons last year, and $4,000
tons in 1912.
Stocks in the United States and
Cuba together of 973,723 tons. against
LOCATE tons last week and 1924 ST.
tons last year. decrease of 50.S4s
tons from last year,
Europe Stock in Europe, 2,203, 900
tons. against 2.0S0.00o tons last year.
VISIBLE SUPPLY Total stock Of
Europe and America. 3,l76.T23 tons
against S,f04,571 tons last year at the
same uneven dates The increase OF
stock is 72.152 tons against an IN
crease Of rs ,25f tons last week. To-
ttal stocks and ahoats together show
"a visible supply Of 1854. 723 tons
against 3.275.57l tons last year. or an
increase of SO. f52 tons
/ RAMS Centrifugals last week
closed at 2 3-se e. & +. and 3.39c per
h., duty paid, under the influence Of
a 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
on Wednesday, when the European
decline had continued to extent Of
3 Sid. from last week, as result of
active liquidation of speculative Beet
contracts, our market felt the infu-l
|ence to some extent, temporarily at
least. and sellers accepted i-f6c per,
ID. decline, say at 5-l6c c. e. Il and
3.32c, duty paid, for some $50, 600 to-
100000 bags Cuba Centrifugals for
shipment To-day a further small de-
cline of 3-4d. for June and July and
l-2d for August brings the Beet
quotations TO S. lid. for June and
July and 9s. lid for August. the
August contracts showing the weaker
tendency ON account of the favorable
reports from the European beet
crops
|: 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
buyr of Java sugar at Sd. above IFS
European parity value.
E No doubt the reaction in Beet sugar
Is or viii be ended soon, as the quo
tatlons 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
H 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 ne per ii.
below Europe
The latest Cuba cable gives IL Cen
trails grinding: heavy rains in some
parts of island
The receipts at Cuban shining
ports continued favorable for final
crop estimates being reached between
ehelr lnlntmums and maximuIns. The
exports from Cuba are destined TO the
United States exclusively. no ship
ments having been made to Eurona
In anethsT column we give the
latest position Of the louisiana con.
te zen that Cuban sugar is not en-
titled to the 20 per cent reduction
which was recently in the hands of
the supreme court for decision
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 5f3-
2ol acres against 647 300 acres last
season
We estimate that the sugar outturn
will reach 100000 tons, subject Of
course TO weather conditions during
the growing season
This estimate is 1928 tons less
than the last crop ontturn of 655,-29 /