The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1895-01-30

tinued unchanged until the 14th inst,
when the Western Sugar Refining
Company reduced the list &c. per
pound for the local market, making
prices as follows: Cube, crushed and
powdered, 5 3-sc /; dry granulated,
&c; confectionery A., 4sc.; magnolia
A, He; extra G, 4Ic.; golden G, &c.;
d sugar, 3sc. Prices for export, how
ever, continue unchanged on the basis
of Ale. for granulated. The refinery
has not yet started up and will not
until sufficient raw material arrives
from the Islands. They have still
large stock of refined on hand.
Rasis.-Declined December 22d to
7-sc. net; (spot sales of 300 bags at
3kc.); 18th, declined to 24c. net (spot
sales of $500 bags at &c.,. Since then
there has been no change, but the fol-
lowing sales have been reported In
New York at &C.. January I'd, to ar
rive, 1900 bags; Sd, spot, 1000 bags;
Atln. to arrive, $50 tons; 9TH, to arrive,
700 tons; 9Th, spot, $50 bags; 14th,
SPOT, 1900 bags; 18th, spot, 1000 bags.
Eastern and Foreign Markets.-The
general depression In sugar has con-
tinued during the month ana tne con
main about the same as advised the
past few months.
Prices in this country have still FUR
ther declined. while the market Tor
European beets has fuctuated be-
tween SO Cd and So Cd, price for ~
test I. o. b. Hamburg. At the close
there seems to be little stronger
feeling in New YORK regarding the
future, and also an Improvement In
London. It is not expected that prices
can advance much, but there Is
healthier tone and holders look fora
larger demand and more businessH
There has been no Eastern mail Tor
two days, and its arrival Is indefinite,
owing to blockades on the railroads.
Our latest mail advices from New
York, Of the 11th inst, state that, ow-
ing to an apparent frmness in the
European market, the situation In
New York has strengthened some
what. Importers feel that their cal
culations upon an increasing demand
for raws are justified by recent devel-
opments, the more 80 that buyers
have shown q desire to keep their
purchases secret, and there Is strong
hope, IL values do not improve, they
have certainly nearly touched bottom
for the present. The course Of raws
for the next month or go depends
mainly upon the demand for refined
and on the price Of beet. Should the
expected and natural call at this sea-
son come from distributors Of refined,
and beet remain steady, there Is rea-
son to look for some slight improve
ment In prices, as stocks in this coun-
try and Cuba are but slightly in ex-
cess, If at all larger, than the same
time last year.
The chief cause of cheaper sugar
throughout the world for the past ten
years is owing to the European beet
sugar countries. They have succeed
ed in making cane countries sell their
productions very low, but thus 1ar
with the United States. 1t is now
evident, however, that Europe Is
going to make q determined struggle
for more of this trade. 1t Is neces-
sary for Germany and other countries
to keep up the agricultural industry
and to do this, strong efforts are being
made to increase the export bounty.
London cable January 18th quotes
Java No. Is d. s. lis, fair refining
9s. First marks German graduated
los. AID. fob. Hamburg, equal to
S. 50 net cash delivered New York
duty paid.
The manufacture of granulated is
still on the increase on the continent,
and much Of the crop which formerly
came to the United Kingdom in the
form of raw sugar now comes in the
refined condition. First marks granu-
lated have become an attractive me-
dunn for speculation, and at the above
quotation fob. Hamburg, they are
relatively cheaper than first product
of raw beets.
According to Willett & Gray's latest
statistical OF January 10th, total stock
of sugar in four ports of the United
States was 1857 tons against SO, $50
tons last year. Six principal ports Of
Cuba o, 900 tons against IS, 600 tons
LIST year. Total stock in all the prin-
cipal countries 1853, 372 tons against
I,502, 426 tons same time last year.
Ahoats to the United States from
all countries estimated at $4,000 tons
against 10000 tons last year. These
include 1000 tons beet sugars from
Hamburg and Bremen.
The total foreign sugar supplies of
the United States during the year 1894
was 1,S04, 1856 tons composed as fCI-
lows: Cuba ZOOS, 761, Porto Rico
Indies ASST. other West Indies
1887, Brazil 81 ,646, East Indies 1885,
S94, Europe 164, 800, Sandwich Islands
150,S4 and other countries Is, 137.
The entire stock of sugar in this
country at the beginning of 1895 was
328, 469 tons, and this quantity, to-
gether with what can confidently be
expected to receive during the year,
will be 1,973, 900 tons, or nearly s1ffi-
Gent for the entire consumption of
the year. The sugars in this estimate
naturally find their way to the United
States, and IL they are crowded out by
the surplus beet crops Of Europe, now
estimated at 1000, 900 tons, it will be
on account Of competition of low prices
during the entire campaign.
Our latest telegram from New York
of today quotes: Cuba centrifugals, SO
test, ex ship, wharf or store, Sc. per
h.. granulated, 3.51 net; raws steady;