The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1914-06-16
STRONG ADVANGE
MADE By SUGAR


For the week ending May 2s wiIlett
4 Gray report very strong outlook in
the sugar market
In part their report says:
The Week. Raws advanced .07c. Re-
lned advanced .o9se. Receipts, 1921
tons. Meetings, $4,000 tons. Total stock
In Atlantic ports, 2og,7l5 tons, against
S14, 4e4 tons last week and 800, 074 tons
last year Beet sugar quotations., fob.
IIanbWg, rs, 7K,d. per cwt. for IS deg.
analysts, equal 70 s.e0c. fer a6 deg. test
ceutrifugals at New York. duty paid
First Marks German Granulated fob.
Hamburg lls 3D.. equal to Aloe. New
York, duty paid.
Estimated afoats to the United
States from Cuba and Porto Rico. So
600 tons; Hawaii, $4,000 tons; Philip
pine Islands, 10000 tons. Total 1900
tons Against total $4,000 tons last
year.
Net Cash Prices Refined. The lowest
price named for refined here on this
date Is basis Of Cane Zine Gfanulated.
IN barrels, at 4116c. net cash.
ktatistica BY Special Gables Cuba
The six principal ports:
Receipts, 5000 tons; exports, 81 ,O00:'
sstoels 0sevov tons, against 100000 tons
last year.
Central grinding, 81, against os last
week, l04 last year and 81 in 1912.
kntire Island receipts for week, 81
900 tons, against $4,000 tons last week,
5000 tons last year and $4,000 tons in
Stoeka in the United states and
Cuba together Of ! 100, 460 tons. against
l,lOI62 tons last week and 1857 900
tons last year. an ineroase Of 1874
tons from last year.
visible supply Total stock Of Eu.
rope and America, 3,692 400 tons
against 3,083,6d9 tons last year at the
same uneven dates. The increase Of
Stock is l08,70l tons against an increase
Of 1880 tons last week. Total stocks
and ahoats together show visible sup
ply Of 1877 AGO tons against 3,sl4,d6g
tens last year, or an increase Of 62,70l
tons
RawA -Last week closed on an ad.
vance from 3.26c ON Wednesday to 3.32e
on Thursday, on quite large transac-
tons. F8l
However. on Friday, a delayed seller
OF 5000 bags Porto Ricos afioat accept
ed 3.26c from Arbuckle, returning the
spot quotation to this basis.
Later, after business hours, the Fed
eral bought 2000 bags Cubas afioat al
5.z9e, not openly reported until Mon
day, although rumorcd on Saturday.
On Monday the spot quotation was
advanced to 3.32c by the purchase BY
Federal Of 10000 bags Cubas, afloat. at
this basis, which was followed by an
other sale on Monday Of 1000 bags Por.
to Ricos, afloat, at 3.29c.
! On Tuesday, on receipt Of the weekly
Cuba cable, which was interpreted a.
very favorable to Improvement "a
values, large and active demand FL
lowed, establishing the spot quotation
Al S.30c per H., which has continued Il
the close.
Full details Of sales for week are piv-
en- herewith.
The Cuba crop Developments Of the
week are suite important. From Go
Centrals, the number working Il reduce
TO AZ and grinding In the Six Ports
Is practically. ended.
With this crop ending come reduced
estimates, Messrs. Guma- Meier coming
down to 2,508,0O0 tons and Mr.. Himely
10 2,529, 900 tons. 4 rs
We have not changed our estimate.
hased ON private returns, from $500 900 |
tons since February, and appear to have
been somewhat fortunate in this re
spect.
We are now enabled to give fair
forecast Of supplies and melting re-
agreements for remainder Of year, from |
winch " appears quite possible that q
portion OF the exports made from the |
tuba crop to Europe may still be re-
CURED to come 10 the United States late
m the campaign, and il so, Il must
values.
II Is notable that while the United
kngdom has been supplying its need of !
cane sugar at the Cuban parity basis,
, 70 demand for beet sugar AZ the Ham,
burg basis has decreased to the extent |
Of an accumulation Of stocks In Ger
many and Austria Of 100000 tons above
last year at this time. The efforts max
ing now by the holders Of this excess
stock to dispose Of il Is no doubt the
cause of the reaction now not.
ed IN European quotations, notwith
standing the strong adviees from the
United States and Cuba.
Sellers disposition in this respect
may prevent further foreign demand
for Cuba sugar, and In our estimates
herewith we have cut down such ex-
pert to about $4,000 tons, against 1885,
II tons after June LIST last year.
In connection with the large buying |
oy retiners, there has been. q. large trade
p future shipments, for account of OPP
orators, for the advance. These pur,
shases include July and August and up |
q 21se c. 4 (. in cost (3.5lc duty paid J, |
for the latter shipment.
A comment here Is suggestive as to
whether our advance has not proceeded /
far enough at least for the present,
Offers 10 sell Cuba Centrifugals for
delivery here from the. United Kingdom
sugar now there) are on the market at
J-l6c G. 4 T., equal to, say, 845c per
b., duty paid, against June values here
II S.39c per ID.
European Beet quotations, 10 sympa-
Thy with our market, rose from IS. 6Kd.
10 9A SID, reacting at close to o..
I1@d. Futures for August remain up-
changed at 9s. 3D., after I'd. advance