The Hawaiian gazette., 1896-10-30
COAST MARKETS.
Williams Dimond'S Latest Trade
Circular.
Sugar Takes Another Tumble = Granulated
1-4-wheat Marker Excitea-Price
Continues 10 Advance.

SAN FRANCISCO. Oct. E.-Sugar. We
have no change TO note in prices of re-
fined in the local market. although prices
have declined in the Eastern markets
sc per pound since our last circular.
The Western Sugar Refining Company
stiII quote list as issued July 9th, which
prices are subject to the usual rebate
Of 1-Sc per pound at the end of each
quarter.
Prices for export continued unchanged
until few days ago, when reduction
only, making the price 41-+c net cash,
other grades remaining unchanged.
Prices OF beet graduated continue I'M
changed al 1-sc per pound below re-
iinery net prices. The rains reported re-
Gently being of short duration did not in
lure the beets in the fields 10 any material
extent. and the weather since has been
perfect for harvesting. and the percentage
OF sugar in the beets from most sections
Of the State is running high and very sat
;sfactory TO the producers.
Basis-Advaneed September 24th to 2
1850 net, declined October 5th TO 2 S-+c
Get, and since then there has been on
change. The sales reported are as fol-
lows: September 24th, TO arrive, 800 tons;
18th, spot, / coo bags; 18th, spot, $500 bags;
18Th, TO arrive, 900 bags; October LIST,
pot. $50 bags, all at Lice; october 9TH,
SPOT. LOO bags; Sth, spot, $50 bags; Sth,
spot, 1890 bags; Eth, spot, 400 tons, all
II Sc for IS per cent test Since the 18th
here have been no sales reported.
Eastern and Foreign AIarkets-Follow
ing our last circular the European mar
.zets reacted little for the better and
strong feeling was reflected in this eoun-
ny, but later with continued weakness
ana decline in Europe, prices of all
grades of raw declined in the New York
market 1-I6c per pound, centrifugals, 90
per cent being sold at &c; muscovados, So
per cent, at 5-Sc, and molasses sugars,
g per cent, at S-Sc. Only a moderate
business was transacted at these figures,
and some importers stored their sugars
rather than accept these low prices.
Beet sugars had declined on the sth
inst. 10 IA, I. o. b., which is a drop
ed in April.
In December, 1894, beet declined to 6,
but in January, 1885, had advanced again
TO II, and closed that year at Il,
+ o. b. Previous to 1894 the lowest point
was in the collapse OF the market in
1854, but recovered steadily afterwards,
until the average price the following
year was Il
The present low prices are likely TO
stimulate consumption and lessen pro-
duction, thereby bringing about in due
time a more healthy state OF affairs.
According TO Geographic reports last
week from New York, Giesinger estimat-
ed the European beet crop at only $780,
90 tons, and the London market advanced
on the 18th inst TO 0 81, and prices in the
/ Eastern market developed considerable
more strength al unchanged quotations.
4 strong reaction, however, immedi-
ately followed BY the publication on the
18th inst OF LIGHTS latest estimate, max
/ ing the beet crop OF Europe 1850 90 tons
against 4,z70,000 tons last year, which is
.O0o tons increase.
/ The price of beet Immediately dropped
! 10 S II, +. o. b., and a weaker feeling
was shown in other grades IN New York.
but no change reported in prices. LIGHTS
estimate of the German beet crop is l.
sci, 90 tons, against $4,000 tons last year.
Total stock Of sugar in four ports of
the United States on Octobed 18th, 324.-
SO tons, against 1854 tons same time
last year. Stock in six principal ports
Of Cuba, same date, 45,005 tons, against
l75,457 tons same time last year. Total
stock in all the principal countries at
latest uneven dates to October sth. 1,1s2,-
0s5 tons against l,isS.1ls tons same time
last year.
Ahoats to the United States from all
countries at same date estimated at S.
90 tons against 1900 tons last year.
Czarnikow's last circular received here,
dated London, October LIST, states regard
ing the situation of sugar that at the
close of the week owing to less favorable
weather reports from the continent the
tendency became decidedly irmer, with
an advance of I'D per cwt-, but later the
improvement in the weather brought
again weakness. and with large selling
orders from abroad the tone became de-
pressed and values rsceded Sd per ewt
on near deliveries and 4 I'D on distant
Business has continued very restricted.
The trade as wen as SPECTATORS watch