The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1896-08-14

frlceS OF hlnneQ IN the local market
and for export have further declined
during the month and reductions in
price were made by the Refinery on
July 18th, and again on July 9th.
Since the 9th ult. there has been no
change, and we quote list of prices of
the Western Sugar Refining Co., for
California, Oregon and Washington to-
day, as follows:
Cube and Crushed, 7-Sc; Powdered,
$3.50; Dry Granulated, ga; Confec-
TONERS A, ga; Magnolia A, 3-S; Ex-
ira c, IA; Golden G, Is.
These prices are subject to rebate of
1-Sc per lb. at the end of each quarter
Price in bond for export to the Ha-
waiian Islands was reduced on the
18th ult. to 3-4c and on the 9th ult
to 4 IL, for Granulated. The demand
for Refined during the month has not
been very active, but considerable pur-
chases have recently been made here
by jobbers, owing to the advance in
Refined in New York to 444c on the
29th ult. and to 4.56c on the 31st ult,
for Granulated, less the usual discount,
evidently expecting that the Refinery
here would follow advances in New
York as they have formerly done; but
thus far no advance has taken place
here.
The recent arrivals of Hong Kong
Refined have been large, and it is un-
derstood that the cost price for Granu-
lated laid down here, duty paid, is
about 4.96c; and since the price of this
sugar is 1-Sc per lb. below the Refinery
list price, or at the present writing
5-8c net, the loss on the importations
may be considerable, which possibly
accounts for no advance by the Re-
fnery at this time.
Prospects for the Beet crop through
out the State are very encouraging in
most sections. The Chino Factory has
already started up and jacksonville and
Alvarado will follow shortly.
Basis-Remained unchanged at 1-SC
net until July goth when it declined
to 8 Lice net and continued at this
figure until July 31st, when it again adj
vanced to 3 1-Sc net. The only trans
actions reported in New York during
the month are as follows:
July 18th, spot 1900 bags at 3 3-Sc
14th, spot 5000 bags at 8 3-S; Goth, dis
tant arrival 1900 bags at 5-16; 9th
spot 1900 bags at sic, and 31st tc
arrive, 1000 bags at 3-Sc
Eastern G. Foreign Markets = The
general condition of the sugar market.
both in this country and Europe show.
some improvement the past few days
which is noticeable by an advance il
values of Lice to 1-8c in cane sugar.
in New York, and an advance in Bee
sugar in London from 9s 21-4d, The
lowest quotation during the month
July oath, to IS lad on August 1st.
The business in New York has beer
limited during the month and at ont
time LAC for SO deg test Centrifugal
was the best offer obtainable, but M
transactions have been reported at les
than 5-16c for this grade Price O
Muscoyados has ruled at 2 Use and Mo
lasses sugars at 5-8c for SO deg. test
We give London quotations for Bee
8S deg. f. o. b. Hamburg since july
10th, as follows:
July 18th, 9s 10 I'D; 14th, 9s Cd; 10th
9s 10 I'D; 18th, IS Cd; 18th, 9s Cd; goth
9s lid; 21st, 9s lid; 22nd, IS Sd
oath, 9s lid; 25th, 9s Bad; 9th, g
lid; 2Sth, 9s Sd; 10Th, 9s BAD; Both
SIS 1-2d; 31st, IS Sd, and August LIST
9s Slid
c. CZarnikow, London, in their Iates
circular of July 10Th, report as follow
regarding sugar: The market has beef
somewhat disturbed by financial diff
culties which have been followed by
further decline of Sd for Beet, of which
drop IL has since been recovered
Meanwhile, sales are not pressed AM
though it is difficult to express decid
ed opinion as to the future, it is eviden
that the wants of consumers will lea
to at least renewed activity before long
The statistical position for the mex
few months is likely to improve, not
withsatnding that so far the Yisibl
supplies are still large, but it seems tina
this position is, to a not inconsiderabl
eYtent, already discounted in price
now ruling.
In the United States stocks hav
again increased, while in Hambur
they show a decrease, the general pc
sition thus remaining almost unchang
ed. 1t is noteworthy that supplies il
the hands of the American Refnerie
as well as of the trade, are qunte in
significant and the former are meltin
their purchases as fast as they arrive
Fresh cable news from Java confirm
absolutely a deficiency of at least l
per cent. of the present crop. The cane
are reported as unusually short, an
the grinding is expected to be finishe
by the middle of October
Cuban advices describe the situatio
in the Island as unsatisfactory as evel
Our latest mail advices from Ne1
York of July 2Sth, state that Will
market for Raw sugar does not sho,
any especially interesting or strikingl
new features, there appears to be
steady tone which holds prices up t
the old range. There does not seem t
be any pressure to sell and the prin
cipal importers continue to show con
fdence in the future of the market, an,
they are therefore not disposed to par
with their holdings at present basis O
values.
In Refined there has been moder
ate fair demand, but the business lack
snap and energy. most of the order