The Hawaiian gazette., 1894-10-12

I market mas COulAuu6U 1lSut, anu Xix
/ Western Sugar Refining Company
/ have made two reductions in prices o.
all grades of Refined, viz. :-se. per 10
on the 18th inst, and &c. per 10. on the
| 24th inst. Since then there hiss been
no change, and prices are quoted today
as follows:-
Cube Crushed and Powdered, 6i,.
Dry, Granulsted 5se.; Confeetioner'
A. SIC. Magnolia A, Sic; Extra {,
/ SIC. Golden c, 4se.; d Sugar, Age.
Prices of Refined Sugars for export
TO the Hawaiian Islands have for some
time past ruled at &c. lower than local
prices here, but on the 9th inst. were
reduced to the basis of lie. for Gran
ulated. The principal reason for this
large decline is on account OF COMPETE
tion from the Vancouver Refinery,
and partiy on account of the imports
tious of Hong Kong sugars. The Van
eOuyer Refinery have recently offered
sugars for export to Honolulu at 44c.
for Granulated.
The Western Refinery has not yet
received any duty paid sugars, and
consequently are not in a position TO
obtain any drawback for export, and
owing to having sufficient stock of
island sugars for all requirements, ii is
doubtful whether they will import
other foreign sugars for their export
trade. They will, however, receive
from time to time small quantities
firm Mexico and Central America.
Basis-We have no change to note
since our last circular and the basis
continues at SIC. for SO test. Spot
sales were made in New York st Sic.
for s6 test on September 4th, 9Th, 9TH,
10th. 18th, 18th, 18th, 18th, 18th, 18th
and 18th. Since the 18th there have
been no sales reported. You will note
that we quote the net prices, having
deducted the quarter cent per pound
allowed the refinery since the imposi-
ton of the duty, and we will continue
hereafter to quote in this way.
Eastern and Foreign Marketable
New York market for both raws and
refined has ruled rather dull and
heavy during the month, and transac-
lions have been small owing TO the
fact that refiners have large stocks on
hand, and while they are willing to
purchase earlier in the month, any
raws offered on the basis OF SIC. for So
test. still later they have not appeared
particularly anxious and holders of
raw sugars have been more anxious
to dispose OF their stocks.
Large stocks of refined are held
throughout the country, and prices
were reduced in New York TO 10y
18th inst, 4 Goth inst. and 4ie. I'd
inst. These prices are net less per
cent. and per cent.
1t Is reported that some OF the
Trust refineries will soon be closed
and remain closed until the large
stock in the country is worked off.
German granulated is still offering in
the New York market at 4ic. less
per cent. cash. The export bounty
on this sugar amounts to lie. per 100
hounds against I0c per 100 pounds
extra differentiaI duty charged on
that sugar imported here.
The European markets continue to
I decline and we quote prices Of beets
during the month, fob. Hamburg, as
follows: September 1st, lis. 3D.; 4th,
lis. IOId.: 9Th. Us. I'D; eth, l2s.; Sth,
| I2s. 4Id.: 10th, I2s. 3d.; 18th, lis. cd.
/ 18th. lis. I'D; 18th, lis. 3d.; 18TH
/ lis, I'D; 18th, lis. Id; 2lst, lis;
| 22d. lis. Id: 24th, lis. I'D; 9th
lis; 18th, lis. 3d.; aed 18th, los. Sd.
/ London cable of September I'D
ouotes Java No. Is st lbs. Sd fair re-
/ timing, lis. Sd.
The crop reports from all source:
point to an exceedingly large yield
| the growing European beet crop Is
/ now estimated at 500, 900 tons or al
| increase of 100000 tons over last
year.
| favorable until recently when 1t wa:
I reuOrted that these islands had expe
| rieueed a severe hurricane, but late
cable advises the damage Is yet un
| known.
Total stock in four ports L. :. Sept.
| ember 10Th DDS, 29S tons, against 5i.9Ol
/ tons same time last year. Total stOcE
in the six principal ports of Cuba
! by cable same date. Il 800 tons against
| I5g. $50 tons last year. Total stock il
all the principal countries 592, 5So tons
against 507, 050 tons same time las'
| wear. Ahoats 10 the United state:
from all countries, estimated at iDrUv
tons against 1000 tons last year.
Our latest telegrapnic advices from
/ New York Of today report price ol
/ Cuba centrifugals, IS test, ex ship
/ wharf. or store, SIC. Demand for raw:
( has ceased, and it is expected that
/ thev will sO1n decline &c. per n. Gro
Gers and jObbers' supply of refined i;
( 50 large as to cause decreased de-
| mand, and the refiners' supply OF re-
fined throughout the country IL also
large. Some Of the refineries have
! closed down temporarily.
London, beet=, IS test, fob, Ham
burg, September, los. 3D.; October
/ los. 81. The outlook for 1888 is yer!
depressing, owing to the enormou;
/ supplies everywhere
| Trust certificates are quoted 10 New
York, today, at 90l for common and
81 for preferred.
/ RICE-HaWaiiaU with fair demand
and spot stock beyond requirements,
price Of rice mas dropped To 4se. net
| The new crop will not reach market
/ until December, and then prices are
/ bound 10 be lower, probably 4sc. oil
/ Whereabouts Japan In fair demand
at 4!e., duty paid. Receipts 400 bags
FLOTR-C5Olden Gate, S5.25 z BIOL,
fob: FL Dorado, $50 z bbl-, 70. b.
! Crown, g % 2 Dbl, fob.
Bras Fine, sI3; course, SlS.5O e
/ SI4 Der ton fob.
MISUNDERSTANDING, SIS; choice
SIS per ton lob