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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
Evening Bulletin
Location
Honolulu, Hawaii, United States of America
Date
Aug 09, 1905
Page
5
Willett & Gray's July 20 circular reports volatile sugar markets in Europe and America. Prices swung from 108.3d to 1a. 24, reflecting short squeeze fears, delivery delays due to navigation issues, and limited receipts against melt needs. No excess supplies, buyers hesitant to resume purchases.
Latest sugar price noted at 4.125 cents per pound on the Honolulu Stock Exchange.
Prices drift as European demand nudges futures upward while Java cargoes divert to Europe. Reports from Europe hint at actual sugars achieving sales, with cargoes to the United Kingdom and New Orleans noted. European consumption rises, stocks increase, and weather favors the growing crop, signaling potential price strength into August delivery.
A scrambled Honolulu page items many names and places: Pacific Import Co. inlinings, Oahu County Board of Supervisors tentative meeting at 7:00, various passengers and departures aboard the Mongolia to the Coast, plus notes on photographers and the Hawaii Knights of Pythias convention. Mentions New York stock market woes with Morgan, Wall Street firms, and a looming underwriter syndicate to save a failing trust. discusses International Mercantile Marine Company and bond market instability.
In Europe refiners seek about 20,000 tons of early crop shipments diverting them from Cuba and toward the United Kingdom. About 5,000 tons of West Indian cigars head to the UK, potentially supporting prices for remaining Cuba crop. IFAC notes limited impact from speculative contracts and sugar prices hold steady as shipments proceed.
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