The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1896-08-12
Politics Control Affairs in the
United States.
KONA COFFEE GOES DOWN.
More Sugar I'm Four Large Ports Than
at Same Time Last Year-Advance in
Price Of Ia vvaiian Rice-Sugar is All
Right-The California Beet Crop.

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, 5 Use; Powdered,
) 3-Sc; Dry GRADUATED, 4 "a; Confec-
toners A, ga; Magnolia A, 3-8; EX-
ira G, IA; Golden c, Is.
These prices are subject to rebate OF
1-Sc per Id. at the end of each quarter.
Price in bond for export to the Ha
waiian Islands was reduced on the
18th uIt. to 3-4c and on the 9th ult.
to 1-2, 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 4.44c 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 I'M
derstood that the cost price for Granu-
lated laid down here, duty paid, is
about 1860; and since the price of this
sugar is 1-8c per lb. below the Refinery
list price, or at the present writing
4 5-8c net, the loss on the importations
may be considerable, which possibly
accounts for no advance by the Re-
finery at this time.
Prospects for the Beet crop through
cut the State are very encouraging in
most sections. The Chino Factory has
already started up and Watsonville 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 ad
vanced to 3 1-8c net. The only trans
actions reported in New York during
the month are as follows:
July 18th, spot 1900 bags at 8 3-8c;
14th, spot 5000 bags at 8 3-8; goth, dis
tant arrival 1900 bags at 5-16; 9th,
spot 1900 bags at 5-16, and 31st to
arrive, 1000 bags at 8 3-8c.
Eastern & Foreign Markets - The
general condition of the sugar markets
both in this country and Europe shows
some improvement the past few days,
which is noticeable by an advance in
values of 1-16c to l Use in cane sugars
in New York, and an advance in Beet
sugar in London from 9s Id, the
lowest quotation during the month
July oath, to 9s lid on August 1st
The business in New York has been
limited during the month and at one
time lac for 90 deg. test Centrifugals
was the best offer obtainable, but no
transactions have been reported at less
than Slice for this grade Price of
Muscovados has ruled at 7-Sc and Mo
lasses sugars at 5-Sc for SO deg test
We give London quotations for Beet
SO deg. f. o. b. Hamburg since July
10th, as follows:
July 18th, 9s 10 I'D; 14th 9s Cd; 18th
9s 10 I'D; 18th, 9s Cd; 18th, 9s Cd; 10th,
9s lid; 21st, 9s lid 22nd. 9s Sd :
oath, 9s lid; 25th, 9s 3-4d; 9th, 9s
5 lad; 2Sth. 9s Sd; 29th, 9s 3-4d; Both,
9s I'D; 31st, 9s Cd, and August 1st
9s lid.
G. Czarnikow, London, in their latest
circular of July 18th, report as follows
regarding sugar: The market has been
somewhat disturbed by financial diff
culties which have been followed by
further decline of Sd for Beet, of which
drop II has since been recovered
though it is difficult to express a decid-
ed opinion as to the future, it is evident
that the wants of consumers will lead
to at least renewed activity before long
The statistical position for the next
few months is likely to improve. not
withsatnding that so far the visible
supplies are still large, but it seems that
this. position is, to a not inconsiderable
evtent already discounted in prices
now ruling.
In the United States stocks have
again increased, while in Hamburg
they show a decrease, the general po-
sition thus remaining almost unchang-
ed. 1t is noteworthy that supplies in
the hands of the American Refneries
as well as of the trade, are qunte in
significant and the former are melting,
their purchases as fast as they arrive
Fresh cable news from Java confirms
absolutely a deficiency of at least 10
per cent. of the present crop. The canes
are reported as unusually short, and
the grinding is expected to be finished
by the middle of October.
Cuban advices describe the situation
in the Island as unsatisfactory as ever
Our latest mail advices from New
York of July 2Sth, state that while
market for Raw sugar does not show
any especially interesting or strikingly
new features there appears to be
steady tone which holds prices up TO
the old range. There does not seem to
be any pressure to sell and the prin-
cipal importers continue to show con-
fidence in the future of the market, and
they are therefore not disposed to part
with their holdings at present basis of
values.
In Refined there has been moder-
ate fair demand. but the business lacks
snap and energy, most of the orders