The Hawaiian gazette., 1893-09-12

SCGAR.-lne local market LOT re-
fined has continued unchanged, with
the exception that on August 18th the
price for half barrels was reduced to
the same as for barrels.
We quote as follows:
Cube, crushed and powdered &c;
graduated, &c; confectioners A, &c;
magnolia, SIC; extra G, sc; golden
C, 5sc; D sugar, 45c; standard A, SIC.
Basis.-Continued at SIC for SO test
until August 9th, and the only sales
made during that period were 2OO0
bags, August 9th; $50 bags, 10th and
5000 bags, 18th. On the oath the basis
declined under sale of 5000 tons at SIC.
Sales were also made on the 25th,
5000 bags and 2eth, 1000 Eags, at same
| figure. Since the 26th there have
been no sales.
EASTERN AND FOREIGN MARKETS.
The general condition of the sugar
markets of the world has continued
| much the same as last advised. The
stringency in money has continued
and with further drop in prices OF
beets IN Europe, and withdrawal
from the market by refiners in this
country except for immediate wants,
the price of raws has still further de-
clined in New York.
There is at present, however, little
better feeling regarding money mat
tiers, and the repeal of the Sherman
act by the house has already had a
good effect. 1t is now expected that
the senate will also pass the repeal
bill.
We give quotations for beets during
the month as follows: Aug. 1st, les.
3D.; les. 3d.; 4th, les. 3d.; 9TH,
les. AID; 9th, los. 3d.; 10th, les. I'D;
18th, los. 3D.; 18th, 15s. I'D; 14th,
los. AID; 18th, IDS. 3D.; 18th, 14s. 1O1.;
2lst, 1885,; oath, 14s. 3d.; 25th, 14s. 3d.;
18th, l4s.; 18th, 14s. AID; and Doth,
las. Sd.
In regard to the beet crop, we quote
from our latest mail advices, dated
London, August 10th, as follows:
Beet root has been firmer but closes
quiet, Notwithstanding reports Of fur
ther shipments to the United States.
The quietness is due to the better re-
ports of the crop, and to the partial
reopening Of river navigation in Ger
many, which has affected the value
OF September and October December,
whilst owners of August slowly fol-
lowed suit. The fields look decidedly
better after the late rains, and in most
parts of Germany, with favorable au
tumn weather, about the same yield
per acre is expected, which would give
slight excess, owing to larger SOW
ings. In Austria, too, prospects are
fair, whilst in Russia, owing to last
years failure, a considerable excess is
expected. Complaints are still made
in some French districts, and though
last crop was bad, prognostica-
tions do not read very SAN
guine now. The various districts
and fields in France and Belgium
look very irregular, sometimes patchy,
the early sowings good, the later SOW
ings thin and backward. The shape
of the root is mostly considered good,
and we must wait to see what the au-
tumn weather will make of it, the
present opinion being that with favor
able September and October weather
the European production is likely to
show moderate excess, owing mostly
to the Russian increase. Fabricants,
however, are not pressing sales, as
considerable quantity is already sold,
and with the exhaustion of old stocks
even Russia will take some time to
fill up old gaps first. We quote today:
August, les. I'D; September, 15s. 64d.;
October, AS; November and Deem
Der, 13s. Old.
Under date of August 18th, from
New York, it is estimated that the
beet crop for all Europe will be 20O,0 900
tons over last years.
Stocks of sugar at four ports U.K.
on above date, $500 tons, against
122, 800 tons last year. Total stock in
all the principal countries, 7IS,34S
tons, against $50, 1888 tons at the same
time last year. Stock at four ports
US. August 23d, 1884 tons; six prin-
cipal ports Cnba, 1874 900 tons.
Our latest mail advices from New |
York of August 25th state that the
uldIhSJ lOI IuHS II unchanged In all l
respects, and may be quoted as quiet |
and steady in the absence of business.
There is disposition, however. to |
make some concessions, a cargo of |
MuscOvadoes having been sold at Bos-
ton at &c. for 50 test.
Prices in New York have been kent /
steady by transaction in which a |
cargo of centrifugals was taken by re- |
finers at price to be fixed by the |
next sale which will no doubt be low
er than S3e. the nominal quotation.
Refined is in fair demand at un- !
changed quotations on basis of SIS
net for granulated. Owing to the small |
MEETINGS there have been several days
delay in deliveries of many grades.
The contrast between the London
and New York markets has been yery
marked during the month. The for
mer, owing to the large speculative
interests, has been excited and demor-
allied and the settlements for August
paper contracts brought the lowest
quotations since March, causing fail
ure to one of the Oldest business firms.
In New York there has been no ex- |
element or special interest, both re-
timers and sugar merchants having
waited for the outcome of the situa-
- oh