The Hawaiian gazette., 1890-04-15
WILLIAMS, D1MoND & co.'s CIRCULAR.
Extracts
TARIFF.


TARIFF.
The proposed reduction in the duty on
foreign sugars as recommended by the
WAYS and Means committee of the House
of Representatives particulars OF which
were reported per Belgic, has caused
general alarm throughout the state. The
reduction as proposed will average more
than 90 per cent. on the present tariff
schedule. Strong protests are being sent
to Washington against any such reduc-
ton and it is hoped they will have the
desired effect.
EASTERN AND FOREIGN MARKETS.
The New York market for raws ruled
quite strong up to the 18th inst, when a
reaction took place and since then there
has been decidedly easier feeling and
prices of raws have declined.
During the early part of the month the
offerings of cane sugar on the spot as
we'll as in the principal West India ISL
ands, were very limited, preventing the
buying Of any quantity except at an ad-
vance in price, consequently buyers
turned their attention more to beet and
large purchases were reported to have
been made for prompt shipment on the
basis of 13s Cd at lbs I'D C. & F. for
firsts and los cd at los 71ad for after pro-
ducts
According to our latest mail advices
from New York of the 10Th inst, the re-
fusal of Refners to buy the cane product
at advancing prices checked the specula-
ton in Cuba and modified the views of
holders, so that prices were reduced
sufficiently to again turn the attention of
buyers to the cane products. Little
anxiety is shown, however, on the part
of buyers to increase their supplies be-
yond actual requirements, owing to the
very dull state of refined and consequent
ly the market has ruled dull and weak.
There is no important change in the
position of supplies, but foreign markets
as well as our own have lost the strong
tone that was exhibited earlier and more
disposition has been shown to sell.
Beets have declined, quotations were
rs. Sd. on the 4th inst, Us. AID. on
the 9th inst, then no change until the
18th when they dropped to lis. 3d., 22d
to rs. I'D and 25th to Us. I'd.
Total stocks of sugar in all the princi-
pal countries by latest uneven dates to
March Goth was ,498, $40 tons against
1,075 1909 tons same time last year. Our
latest telegram from New York of to-day
is as follows:
London beets 88 test Us. Id, Euro
pean and foreign markets steady. Cuba
centrifugals 96 test 51ac unsettled, cost
and freight sales of fair refining equiva-
lent in long price to 434c., Cuban specu-
lation abandoned. Present prices of
raws likely to be maintained within one
quarter of cent. Estimates of present
cane crop unchanged. Estimate of last
beet crop 100000 tons. GRADUATED
SIC. Trust certificates 637s.
RICE-Prices have continued to adj
vance. We quote for No. l Hawaiian
size sixty days or p per cent for cash.
1t is not likely to go much higher as
anything beyond this figure viii permit
of Carolina being imported at profit.
FLoUR-G. 6. Elk Fam. $4.20 per Dbl.
fob; Ell Dorado 1926 per Dbl. fob;
Crown 81 Is per Dbl. fol
BARLEY-No. feed 85c. per ctl. TO. b;
Ground or rolled $1S per ton fob.
BRAN-$13 per ton fob.
MIDDLNGs-$17 per ton TO b.
OATs-$1.3 80 q $1.35 per ctl. f OBJ.
WHEAT-Good chicken $1,000 $1.321a
per ctl. fob.
HAY-s13 a $l4 per ton TO b.
LIME-I. X L. $3.50 per Dbl. TO b.
other brands 81 40 per Dbl. fob.
CHARTERs-Market very dun, last
charter large iron q 35s. Cd. U. K.
Havre and Antwerp, nothing done in
wood the past ten days nominally 32s.
Sd. a 33s. same range. There is
steady demand for tonnage to load lum.
Der at Burrard Inlet or Puget Sound for
Melbourne a 67s. Cd, Sydney SIS. Cd,
Shanghai Us. Sd, west coast South
America. Valparaiso Cos I'd. a 62s. Cd.
San Francisco, March 9th.