The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1885-06-08
WILLIAMS 4 plMoNp,s CIRCULAR.

Gan hANClsIO. June ISL. 1850,
Dear Sir Our last circular was dated
day 18th. per Alameda.
SUGAR-Since our last report the
Eastern and European Markets have
continued to improve, Manila sugars
have continued to advance and the
prospect is favorable for still better
prices. The cause of the recent ad-
vance after the past few months of
great dizziness, during which time sugar
has sold lower than ever before, is
chiefly due TO the great shortage in the
beet crop. 1t is we'll to note in this
connection that nearly one-half the
sugar supply of the world consists of
beet root sugar. 1t is grown in Ger
many and France principally. and is
about the only sugar used on the Con-
tinent of Europe. England and the
United States are about the only users
OF cane sugar.
Prices have been so low that growers
of beet have been discouraged and con-
sequently last year there was much less
planting and the yield was reduced
about twenty per cent, and this years
crop is still further reduced.
This decreased production of beet root
has now begun to be felt in Europe and
in consequence raw cane sugar has gone
up "a to. "a cents per pound in New
York and from = to 15S cents in Lon
don.
Havana Sugar Planters are preparing
for an increased average in the next
crop. We quote from New York En-
changes of May 2lst. as follows: -
1.-The advance for spot sugar does not
as fairly represent the market us sales
of sugar ailoat, which are considerably
higher. The advance from the lowest
price is very insignificant when COM
pared with the rise in London and on
the Continent, and as consequence.
receipts are beginning to be affected,
which so far this month are 32 800 tons
less than same time in May, 1884. and
by reason of increased exports of refined.
the MEETINGS are largely in excess of
last year. The change since January
LIST is important. Then the excess of
stock in United States was 26,326 tons,
while now it is 4.109 tons less. differ
ence of 40.625 tons influence towards
higher prices. The Brazil crop is virtu-
ally exhausted. Sugar from Cuba and
other West Indies is going away from
us to a much larger extent than last
year, while all these crops are smaller
than last year.
''From May 18th to October 1st of last
year, we received from Europe 22,000
tons, while this year refined as well as
moderate quantities of raws are being
exported to Europe in much larger
| quantities. 1t is also important to note
| that home consumption ut this date last
| year was l02,00O tons over the preced-
| ing year. while now it is ii tons more
| than last year.
'.ln view of the above facts. it would
seem that Il change in the parity OF
prices in Europe and here must surely
| come to enable us to draw some neces-
sary supplies from Europe"
| New York. May 29-Cuba Centrifu.
| gals 9G percent test are held at Ga cent:
and sales have been made atioat a
5-16 cents.
one half to one cent per h., which still
continue % cents below London.
London, May 29-Beet lGs. Cd.
| The beet crop is now estimated q
one half million tons short of last year
England is substituting cane sugar
Cuba market is very strong.
On May 10th, the Manila basis adj
vanced to 5.24-May Goth. to 5.33-May
Dist, to 5.42 and May 25th to $50, tn,
present basis.
RICE-Market firm at So cents at 531
Stock light and very little demand.
FLoUR-G. G. EX. Family, $40
FL Dorado, $3.50.
We anticipate an early harvest. witt
the yield still in doubt.
EXCHANGE-London. 60 DIS st. $4.S6
| "a. New York, sight l-5 premium.