The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1888-02-21
COM mER CIAL.
FONoLrLU. FER. 21. 1855.


ning's Island the Lady Hardwood and the
Printzenberg from HonekonQ, the CoIusa
Z" from San Diego, the Discovery, Saranac, J.
ID. Spreckels, G. d. Bryant and the steamship
Zealandia from San Francisco.
The departures were-the Australia Geo.
G. Perkins, Consuelo aud w. B. Godfrey for
San Francisco, and the Zealandia for Anck-
land and Sydney.
The aggregate value of the cargoes, as
above. to the coast was 1861. 2l2 "A. Add to
! these figures the value of the shipments on
the 18th per Alameda mot reported in last
weeks issue), $6l, 3S2, and the total for the
a week is S425. 594 "a.
D Sugar freights have pretty much nonopo-
I lizsd the inter-island feet from domestic
I ports to Honolulu. total OF 52.13O bags
& has been received.
;, Following is Williams Dimond Co.'s
circular, received by last mail:
SAN Francisco, Jan. 3lst 1888
Our last circular was Gated January 3rd
U per Steamer Australia.
a SUGAR:-The price lists IF the two local
n Rehneries remain unchanged. aud are quoted
to-day as follows;
s. American Refinery-Cube 79Ic: Gran.
TIC; Elk. q. &c; Golden C. 62[c.
California Refnery-Cube 75sc: d. Gran
6SZc; Ex. G. 61zc; Golden c. &C.. other grades
o at the usual difference
The Cuba Basis remained at SIC for $50
test, until the 18th inst, when sales of Cuba
centrifugals were made in New York advan-
n cling the basis here 10 &c.
\ On tine 2lst inst, however it declined again
- TO SIS and there has been ITO further change
Il reported TO date.
n Previous to the 2Ist inst. sales of Centri-
fugRls lother than Cuba) we're made in New
York as high as 616c for So test, but the
al sugar not being from Cuba port did not
10 affect the basis here for deliveries TO the
= American Refinery.
g This Refinery started up again to. day. hav-
81 ing been closed for the past two weeks wait
q, ing for raw material from the Islands Both
= Rehneries have received considerable raw
&c material the past ten days, and the California
10 is daily expecting arrivals from Manila, SO
both are in good position again.
1t is evident, now that the California Re
{ nnery has plenty of raw sugar, that there
p must be soon change IN the prices of refined
Either the California Refinery will advance
81 Its prices the American must meet them
e. The brig Claus Spreckels bound here from
- Honolulu with 400 tons of sugar ran ashore
about twenty miles outside the port and both
n vessel and cargo proved total loss.
ra EASTERN AND FOREIGN MARKETs:-The New
. York market IS IN much the same position as
~ last advised. Prices of refined keep up, but
II Raws remain rather quiet and inactive.
., Until consumption materially increases Re
=, fners seem to have sutfii'ieut stock on hand
Ii and by direct importAiions to answer all
M requirements and are therefore MT forced to
. enter the market to any great extent. Hold
ElS VI kuo OkutT manu- MAN Qrn III their
n views, backed 10y the Strong statistical posi-
III ton of the worlds supplies and the increas-
ing consumption. The workings of the
g Sugar Trust" are being felt more each day
eC and the strength of that combination is now
very apparent.
According to present appearances, it seems
; to work against the price of Raws and stimu-
1I- late the price of refined. For instance while
~ previously the Refiners entered into COMPETE
y tion in the purchase of raws and consequently
n m1x-u-a tina r,,ll
r ton is done away with. The public of course
are not benefited, rs the object is to advance
Iu refined and keep prices relatively higher than
thew would be with competition. The capital
- of the Trust is supposed to be $50, 100000
u Another Refinery has recently been closed by
Up its orders.
VI Foreign markets have ruled Il little weaker
- since our last report. Beets have declined
il owing, 1t Is said, principally to speculative
II interests. Latest reports however show a
70 slight Improvement again.
The price of Beets IS test reached as high
as as los Cd the 9th inst. aud on the 18th had
ne declined to los Cd. To show the fluctuations
of the London market since that date we
2 give the following quotations:-17th lbs AID;
OF 18th lbs l16d; 18th los; 2lst l4s l015d; 9th
pl las I16d; 18th las Sd; 9th l4s 75Id and 2Stn
I 14s Sd.
IN Loadon cables of the 23d inst reported
leT here by mail from New York; give the stock
al at four ports o. K. for the week ending Jan.
- 2lst, as 5000 tons over the previous week or
ne. 9S4 tons against 197, AIS tons last year.
vel Receipts $1,000 tons, Deliveries 10000 tons
The weakness of the London market is felt
in New York and although holders have re.
: amained quite firm, it was admitted that to
q .leffect sales, prices would have to be shaded
This was shown later to be fact by sales
eAof Centrifugals So test being made at SIC
{ twhen they had previously sold at 61Sc.
~. In the present condition of affairs Refiners
appear quite Indifferent, and do nothing to
81 check any easier feeling that may be shown !
e. Crop PROSPECTS 1T is yet too early to
I estimate correctly the prospective supply of
the world for the next year, but from the pre-
DO sent outlook ii is expected that the produc-
q otion of beet will show decrease, while the |
principal cane crops will likely be equal and
culperhaps exceed those of last year. Consider
heing how closely the supplies in all the princi-
pal markets were used up at the close of 1887 |
the presumption is, that on the basis of last |
BFear's consumption, the available supply will
aIpo more than cover actual requirements and |
i f We allow for increased consumption |
ne deficiency is likely to occur.
ms LIGHTS estimates for the current year and /
p fhe actual results of previous crops are as
: follows;
,liil lSs4-S5 ISs5-s6. 1ss6-s7. 1ss7-Ss.
srlrons .2,545,Ss9 2,137 357 2,6So, Az $500
I'D The actual production of the cane produc-
ng countries for the past four years, are as