The Hawaiian gazette., 1895-01-04

new 10 DosS concSlulng lle cpDUllOA
OF the local market. excepting S fur
ther decline in prices Of refined. The
demand for this artiele continues light,
snd the Refinery closed. Prices Of
refined were reduced here on the e4th
ultimo TO the hasis of SIC for granu-
lated Dec. 4th, Sc: Dec. 1lth, DE,
since which time they have continued
unchanged, excepting for export, and
this price was reduced on Dec. 18th 10
the bssis Of &c. for granulsted- The
Western Sugar Refining Companys :
list today is IS follows: Cube. crushed
and powdered, SIC; dry granulated,
sc; eonfectioner's a, sIc- Magnolis
A, 4.e. ; extra c., 4.c- golden C.,
+e.; D. sugar, Sic
Basis: There were no $ en-
trifugals reported in New TX ON
November sd to Decemb n, nj
the basis for island sugars curing 3 ls-
time wss SIC. net for Sc te Or
10th reported Dec 1stl COS /
freight sales, 100 tons wee u
$50. making the bssis { l1 net;
| 500 tons ST 81, making basis
net: l4th. spot sales of rags a.
making the basis &c. net lSales
were made on the 17tb Ils-lnt-l505
| bags ST the same priCe Ga cost
! snd freight, sales 100 TONS = a.l4.
making the basis > 50 net, and alst no
sales
Eastern snd foreign markets: We
have nothing Of encouragement or
/ specisl Importance 10 note concern
/ ing the general situation of the sugar
! trade, as conditions remain much the
same SIS last advised. Prices both IN
this country and Europe, although
| having previously reached the lowest
point ever known, have still further
1 declined. The principal cause Of the
I depreSsien Is oyerpr0juctlol, EAI-h
| is shout the same in all the countries.
In addition TO the immense beet crops
Z OF Europe which are now pressing upon
the markets of the world. there viii
soon be 100000 s0ns. crop Of Cubs,
for sale. besides the crops Of the other
West Indies. which sre all promising
well. The conditions in the United
1 States, owing TO tariff changes
whereby refineTs claim there can be
no profit for them on aceount OF the
small margin between raw and re-
fined, will also tend 70 continue the
depression Indefinitely. Prices are
fast approaching 3 point where exist
ence viii be 3 struggle for life for pro
dueers-
London quotations for beets since
our LAST circular have ruled IS follows:
November 24th, s. I'd; 9th, ss I'D;
18th. Ss ID; S0th, S. lid; December
IsL IS lo1d: 4th, es I'd; 5th, S. I01d;
sfh g os-i. 10Th S. Sd: 18th, S. I'D;
I l-Eh. $ U44 ---- = e then
no change.
| Germany Is fast waking Up 10 the
| situstion and will mske S desperate
effort for the sugar trade Of the United
| States. The EsiscE-zg Las discussed
/ the propoSeI amendments 70 The law
IN Germany for the taxation Of sugar
! 5u order 70 remove the injuries pro-
/ Cucsi on the sugar industry by the
/ ilupoSts plsczl on German sugar by
/ f5-ezgu countries. Hen Ps5sche said
| thar the position Of the German sugar
lnCrs-rv vas most distressing, and
thas Il wzs very importsuu Lhst some
rhirc should be done for sn industry
/ which employed 10000 people. The
iuanzer he claimed arose ron the de-
/ uresss1 condition Of Lus5andry; the
farIne fr5l1E that his grain did not
4 nav. grew bsets. He Concluded with
| Tasouuending an increase IN the ex-
/ uort DUTY on sugar, aud it was also de-
| clared tbst ono Of the reasons for the
| 6epress5on in the sugsr industry was
] 8 7 4 .
| eisl duty on bounty-pala sugar.
1t is impossible 10 say whether our
present laws regarding sugar viii be
/ altered. but il IS not probable thst
I anything will be done during this
session OF Congress. The Secretary OF
/ State. Gresham, has notified the
Spanish Government that if they con-
| tinue 10 discriminate against the ex
ports from this country to Cuba IL
l favor of Canada, il will certainly in
vite retaliation, under the Act OF 1890,
against Cuban sugars
Should this policy be pursued AID
heavy prohibition duty placed on
/ Cuban sugars, ii will be serious
I blow TO the Trust, as the sugars OF
necessity will be refined elsewhere
and eventually reach this country.
London cable Of December 18th
quotes Jaws No. Is D. s lis Sd, fair
refining S. First marks German
grsnuIated los. Sd. fob Hamburg,
equal to S. IS net cash delivered IN
New York, duty paid.
Our latest mail adyiees from New
York of the 18th inst state that the
market for raws presents no new
features and nearly every condition
appears to favor buyers, the principal
customer being the most Indifferent.
Holders, therefore, are obliged 10
choose between accepting whatever l.
offered or carrying their sugars for the
chances later on in the season
Refined sugars in New York have