The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1895-10-25

The Western Sugar Refining Com
many mad. a further advance in prices
81 refined on the 26th ult., quoting
prices Of principal grades on that date
n follows: Cube, crushed and powder
cd. So; Dry Grauulatei, 81; Coutec-
TONERS \, 4Ec; Magnolia \, &c; Extra
q. SIC: Golden G, 34c. Since that date
Drices have remained unchanged.
Price for export has continued on the
basis for 4c for formulated The re-
fnery il still offering the Chino brand
Of refined in bags at l. per n below
net cash price of their Standard Gran
Mated, which makes the price today
for that brand Age. The Alameda
Beet Sugar Company Is supplying its
regular customers at Age, but selling
only in limited quantities. The beets
Of this refinery are now running ID
Der cent, ami if favorable weather
continues the outlook for this cam
paign i exceedingly good. Reports
from other beet factories III the state
are also most encouraging, as well as
from the Utah Beef Sugar Company.
u y expected that this year Will
demonstrate fully that these sugars
can be produced proftably without
any protection from our Government,
and il this is so the production Will no
doubt be generally increased.
Basi--TheTe have been the follow
ing changes since our last circular
according to- sales of centrifugals re
ported i'm New York, viz September
24th, She; spot sales 20 coo bags at
2Ic. 25tu, no chauge-spOJ sales $500
bags AT Bic; 26th, no rhange-spOt
sales 1000 bags at 34c; 9th, 18th and
3Oth, no sales reported; OCTOBER l-t,
l6c-spOt sales 1000 bags at loG
81. 81 4th and 5th, No sales reported
7th. 3Ec-spot sales 5000 bags at 3gc;
stb, 10 sales; 9th, no change spot
sales IL 900 bags At &c; 10th, spot sales
- 600 bags at 3Ec; llth, spot sales 800
bags at 3sc; 12tn no sales, and l4th no
sales.
Eastern and Foreign Markets.
Since our last circular a general I'M
movement il to be noted both III the
limited States aud foreign markets
and there is much confidence eX
pressed in the future and higher prices
predicted for the coming year rms
change in the situation IL due prlncl-
paIIy 10 the large shortage predlcteh
in the European sugar crop TINS year.
tiiesecker, the great sugar authority,
whose hitherto correct forecasts nave
carried with them the weight of com
mercfaI opinion, estimates the Euro
pean sugar crop this year at 1867, 900
ions. or about 200, 600 tons short oil
the average. The sugar trade pre-
viousIy had been figuring upon a
shortage IF about 200, 600 The estl-
mate of the shortage made by tile
serker has affected the market to a
mo m
rise of prices. Since this estimate
was made public LIGHT has cabled that
the Welt OF beets thus far harvested Is
unsatisfactory and he estimates thai
a deficiency in the European bee
erop of 900 900 tons is not impossible
This is a confirmation of GIe-ecker
estimate and will no doubt strength
the whole position OF raws ana re'
fined
Reets-I.ondou quotations since Sep
TENDER 23d have ruled as follows
SeDtember oath, los 81; 18th, los 24d
18th. los 48d; 9th, 1O- SD 3Oth 10
44d: October lst, los I'D; 2d, To- SID
Sd, los lO4d; 4th, lis; 9TH, lO- lOtd
9TH, lis Old; Sth, lis I'D 9th, III
load 10TH, los ll4d; l2th, Us 9I, All,
Dur latest quotations of oday los 9i
II has beeu recently reported 10y tn
leading members of London Suga
bou-es that several weeks ago Freucl
.vndicate was formed for the purpos
Of buying up all the sugar ana corner
ing the market for that commonly
The operations covered a total puI
chase of 100000 tons and nave alrean
re-ulted in a considerable rise u
sngar The syndicate has been buy
iUgin London to sell in France, l
Which country alone the trade II like
" to he affected. The London nrm
avree in expression of opinion ina
tb,. operations of the Syndicate WI
not seriously affect the BRUSH an
American markets, but they ar
suuaIIy unanimous in tine BELIEF tina
aGtne French syndicate - strongl
backed financially the corner
France i likely To be successful
Cuba CrOp-L4te-t reports stat
that the rebels will no doubt preNel
the grinding of cane wherever II
possible TO DO 80, their reasons PEN
that in this way the Spanish reNenu
will be reduced and at the same tlul
tho cane will be preserved /
case their cause i succcsssiu
IN Is not necessary to cut I'll
cane fields of Cuba before Jan
nary. 1896, and they can be allow
ed 10 stand nearly eighteen moh'L
longer if necessary. Me>srs. w me
and Gray continue their estimates
the crop Of 500 600 tons, alIh"ug
5lsva ar. some much lower estimate
being made. LII.
Mail advices from New York durin
the month have been very eucouras
inc. and raw- have generally me-
their own. their being no special Ell D
necessary To support the harhet,
the features have all ruled III FAVOR
holders aud In porters. The quantll
OF sugar secured by refiuers OF late II;
not 6een large and can hardly be e.
Dected to afford more than temporal