The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1895-10-25
Williams, Dimond & Co.'S Latest
Circular.
SUGAR STEADILY ADVANCING.
Chino Refined in Bags Unchanged.
Beets Running 10 Per Cent-A
syndicate Buying In London
To sell in France-Quotations

of refined on the 26th ult., quoting
prices of principal grades on that dat
as follows: Cube, crushed aud powder
ed, 5sc; Dry GRADUATED, &c; Confec
TONERS A, 45c; Magnolia A, 4c; Extrs
C, SIC; Golden C, 34c. Since that date
prices have remained unchanged
Price for export has continued on the
basis for &c for GRADUATED. The re-
finery is still offering the Chino brand
of refined in bags at &c per 10 below
|, net cash price of their Standard Gran
ulated, which makes the price today
for that brand Age. The Alameds
Beet Sugar Company is supplying its
regular customers at Age, but selling
only in limited quantities. The beets
of this refinery are now running Is
per cent, AMI if favorable weather
continues the outlook for this cam
paign is exceedingly good. Reports
from other beet factories in the State
are also most encouraging, as we'll as
from the Utah Beef Sugar Company.
1t is expected that this year will
demonstrate fully that these sugars
can be produced profitably without
any protection from our Governme MT,
and if this is so the production will no
doubt be generally increased
Bssis-There have been the follow
ing changes since our last circular
according to sales of centrifugals re
ported ia New York, viz September
oath, 3fc; spot sales 20 600 bags at
BE; 25th, no chauge-spot sales 1900
bags ar SIC; 26th, no change-spot
sales 1000 bags at 3ac; 9th, 18th and
30rh, no sales reported October 1st,
5 16c-spot sales 1000 bags at 8 Ice;
81, 81 4th and 5tb, no sales reported;
9TH, 3ic-spot sales 5000 bags ut 3sc;
Sth, 10 sales; 9th, no change spot
sales II, 900 bags at 3sc; 10th, spot sales
1900 bags at 3sc; 18th, spot sales $500
bags at 3sc; 18th no sales, and Nth no
sales.
Eastern and Foreign Markets.
Since our last circular a general i'm
provemeut is to be noted moth in the
United States and foreign markets
and there is much confidence tx
pressed in the future and higher prices
predicted for the coming year. This
change in the situation is due princi-
pally TO the large shortage predicted
in the European sugar crop this year |
Giesecker, the great sugar authority,
whose hitherto correct forecasts have |
carrier with them the weight of com
mercial opinion, estimates the Euro
pean sugar crop this year Mt 1857 900 |
tons, or about 100000 tons short OF
the average. The sugar trade pre-
shortage Of about 10000 The esti-
male of the shortage made by Gle
seeker has affected the market to a
extent assisting in the
rise of prices. Since this estimate
was made public LIGHT has cabled that
the yield OF beets thus far harvested is
and he estimates that
a deficiency in the European beet
crop of 1000 600 tons is not impossible
This is confirmation of Giesecker's
estimate and will no doubt strengthen
the whole position OF raws and re-
fined.
Beets-London quotations since Sep
TENDER 23d have ruled as follows
September oath, los 81; 25th, los 24d
18th, los AID; 9th, To- 34d Both los
AID; October LIST, los I'D; I'd, To- Sid;
3D., los l04i; 4th, lis; 5th, l0s l03d;
9TH, lis 0ad; Sth, lis I'D 9th, los
l03d; lott, los ll}d; 18th, los Sd, aud
our latest quotations of oday los Cd.
1t has been recently reported by the
leading members of London sugar
houses that several weeks ago q French
syndicate was formed for the purpose
Of buying up ali the sugar and corner
ing the market for that commodity.
The operations covered a total pur.
chase of 400, 900 tons and have already
resulted ia considerable rise in
sugar. The syndicate has been buy
lug in London to sell in France, In
which country alone the trade is like
~ to be affected. The London firms
agree in expression of opinion that ,
the operations of the syndicate will
not seriously affect the British and
American markets, but they are
equally unanimous in the belief that
rs the French syndicate is strongly
backed financially the corner 10
France is likely to be successful
Cuba CrOp-Lstest reports state
that the rebels will no doubt prevent 1
the grinding of cane wherever it is
possible to do so, their reasons being I
hat ia this way the Spanish revenue ,
will be reduced and at the same time
The cane will be preserved in
,ase their cause is successful. 1
It is not necessary to cut the
zane fields of Cuba before jan /,
nary, 1895, and they can be allow
I'd to stand nearly eighteen months j.,
onger if necessary. Messrs. Willett
md Gray continue their estimates of
he crop of 100000 tons, although {
here are some much lower estimates |
being made.
Mail advices from New York during
he month have been very encourage
Dg, and raws have generally held I
heir own, their being no special effort
Necessary to support the market, as {
he features have all ruled in favor of /
FOLDERS and in porters. The quantity
# sugar secured by refiners of late has
lot been large and can hardly be ex-
,ected to afford more than temporary +,
eiief A feeling has prevailed that I
efiners are simply waiting another
opportunity to get good quantity of 1