The Hawaiian gazette., 1891-06-09
Sugar.


New YORK, May 18th, Cuban cen
trifugals 90 dogs. 8 4S-1OOc.; granulateG
Slice.
San Francisco-Granulated 81 net
81 = nominal.
The only feature in the local market is
the movement OF several large fruit
packing houses, candy manufacturers
and other large consumers to import
refined sugar from Germany and Hong
kong. 1t has been discovered that such
importations can be made and cut I'M
der the prices established by the West
ern Sugar Refining Company. 1t was
this fact which caused the recent reduc-
ton in the price OF granulated from 6
cents to 51s cents, and set the Refinery
Company to making exclusive contracts
with some reiners at cents. The re-
cent importations from China were made
by Siegfried q Brandenstein, E. L. G..
Steele * Co. and Parratt & Co., and sold
for cents before the refners made
their cut. d. Ghirardelli & Co. and
Fontano & Co. have several hundred
tons OF refined beet sugar on the way
from Germany which will cost them
about Az cents to land here. The re-
inery companies will have to cut to at
least this figure, according to Mr.. Fon-
tana, if they want the business.
Dispatches from New York announce
the arrival of Claus. Spreckels there, and
his early departure for Germany. He
expects to remain abroad six months or
more, ostensibly for pleasure, but really
to continue his beet sugar investigations
and experiments. He met Havemeyer
in New York and the two are on very
friendly terms.
1t is announced that Mr.. E. L. G..
Steele has about concluded arrange
ments for starting new, though small,
refinery. Mr.. Steele was recently East
on this mission. He says: "The cause
OF the importation OF sugars from Hong
kong and Germany is merely because
the local refneries did not reduce their
prices in comparison with the difference
IN the old and new duties. We imported
some from Hongkong and have little
lett yet. As soon as the Hongkong sugar
was put on the market the local refin-
cries came down from their high price
OF 6 cents pound to 51a cents and even
to cents in contracts to some Gamers,
candy manufacturers and wholesale deal
ers. German beet sugar cannot be
bought for less than 5 cents. 1t is quoted
in London at 10 shillings, and this is the
lowest priced OF all sugars. This would
be equal to 3.2l cents a pound Buy at
this price and bring the sugar to this
port, paying freight, insurance and
allowing for waste and shrinkage, and
the price OF the sugar would be little
less than Az cents pound. Butt do not
consider beet sugar equal to the cane
sugar refined here. There is money in
sugar. would like nothing better than
a small refinery. Sugar can be made in
this State so as to sell for 4 cents and
make pair profit. At cents, anyway,
large profit can be made. I refer to
refined sugar made from Sandwich Isl
and or Manila cane, not beet sugar. The
price in New York OF refined sugar is
Az cents. 1t cannot be made that
cheap here on account OF labor being
higher"
A dispatch from Ottawa says: " 1t is
understood that the government has de-
cided to grant a rebate on all sugars
manufactured in Canada for export,
which will place the Canadian refiner in
the same position as an American re-
finer to trade in foreign markets. The
Canadian reiners are now pressing for
rebate on sugar manufactured for dom
este purposes"