Saturday press. [volume] (Honolulu, H.I.) 1880-1885, 1885-05-16

In 1880 the highest price was made
October aSth in 1881, June 4th in
1882, April nth in 1883, November
roth in 1884, March sd and in 1885,
February 9TH. Prices generally rule
the highest during the summer months,
when the consumptive demand is natu-
rally the greatest. This demand sets
in early in the spring upon the ripening
OF the first fruits. 1t will be noticed
that since June, 1881, the price of
Cube has declined &c, or more than
one-half. And the price of extra { has
declined 6A or more than one
half These changes fairly repre-
sent the reductions in all other grades,
and show what radical discounts have
occurred in four years.
The last reduction here is all the
more noteworthy from the fact that the
consumptive demand is steadily increas
ing, while the deliveries ofraws are falling
off, and the New York price is ad.
vancing. The change was entirely un.
expected, and against all the analogies
of reason. Last mail dates from New
York report an unusually heavy export
demand for refined grades, the sales for
three days aggregating $4,000 bbls
Granulated and Cube, the former at
$. ga and the latter at 63sc. This was
on the 22d. On the 2Sth, the prices
were 61ac to 6 9-I6c for Cube, and
I-I6c to &c for Granulated, showing
an advance. On the a7d, Extra Yellow
C was quoted in New York at Az a
&C, and on the s8th at AZ a. SC Taking
the highest rates in New York yesterday
it will be noticed that the price OF Cube
here is only three-sixteenths of one
cent higher than in New York, while
Extra Yellow c is only 1ac higher
These differences are in strange con
trast with the uniform variation of az
per ID year or two ago. No change
in overland freights could have narrowed
the margins TO that extent. Othe
causes have been more operative. JUS
what those causes. are it is difficult tt
ascertain. Some attribute the reason t
large stocks and dull times, and tn,
desire of the refiners to increase con
sumption and convert supplies int
cash. At one time there was llttl
friction between the refiners, but thi
is believed to have been healed Re
Gently, there has been some frictio,
among jobbers, and retailers have de
rived some benefits from the same.
| The system Of rebate has been at tn
bottom OF rivalry among jobbers. Suga
forms about IS per cent OF the grocer
trade. The margin for profits is quit
small. The terms of the local refinerie
are cash for IS bbl lots. 1t is under
stood that they will take no orders 70
less than as bbls, but will include du
proportions Of hf bbls and boxes 70
the usual difference Of a C and 1ac pc
b for these sized packages They ais
reserve the right to change prices with
. out notice. Cash of course means tn
usual credit Of 80 days. 1t is custom
airy, however, to allow rebates on thes
cash prices, SO that the jobbers can Sc
at the rates narssd BY the .eGners, an
yet have the rebate for their prof
. Some have given the customers tn
. benefit OF this rebate, or portion OF i
and there is where the trouble anon
the jobbers started. 1t is elaine
that some have not only given III
5 whole of the rebate, but a sma
, bonus beside, thus widening the breacl
, How far the reduction by the n
fners ON the a7th will effect this rival
between jobbers cannot be dehnitel
stated. The profits Of the jobbers al
, small enough even when they get th
{ whole benefit OF the rebate, since the
4 have to carry some OF their custome
for months, until the interest on the bill
swallows up all the profits The r.
hners just know what to expect, ,becau.
1 all their sales are for cash or its equ
e valent But the jobbers have to tai
many risks, besides slow pay as ral
!, They cannot afford to sacrifice eat
other on the article Of sugar. Wheth'
! rebates are graduated according to Il
i size of the purchase, We do not kno'
III but presume that this Is the rule, ell
4 there would be no encouragement 4
i ambition and capital and experienc
A The stocks Of raw sugar in 6r
hands at New YORK, Boston and Phil
= delphia on the 18th April, reduced
3 tons Of s,s4o hs, were as follows ;
Nsw York. tons. ss
% hosol.. s<
PhiiAdslph's ''...,...' ,''...-.-.-,..-,,.... ST
Totai Apsl IS, isss. ss..........-..........Ise
n io<Ai. Apni TO- a.