The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1896-11-20
BEET CROP HAS FALLEN OFF
Hawaiian Sugar Market
in Good State.
Accurate Figures From All Over
the WorId-Result of Election
Means Prosperity.

SAN FRANCISCO, Nov. 9th.-SugaI
There has been no change in the
prices of refined in the local market
and the Western Sugar Refining Com
pany quote as follows: Cube, crushed
and fine crushed, 57sc; powdered, 53sc;
dry granulated, 4Ac; confectioners'
A, 4Ac; magnolia A, 4asc; extra G,
4Ac; golden c, 4Sc.
These prices are subject to usual re-
bate of &c per pound at the end of
each quarter. Price for export has de-
clined nc per pound, and we quote in
bond on basis of &c net cash for gran
ulated.
Owing to the large and continued de-
mand for beet granulated of the Ala
media Sugar Company tat &c per pound
below price of the Western Refinery
granulated), which has kept their
stock sold up very closely, this factory
the same basis as refinery quotations
for granulated.
Chino Beet Factory closed it's sea-
son on the 25th ult., crop being less
than was anticipated, and only
amounting to about $4,000 tons of
| beets. The campaign has not been as
prosperous in that section as before,
as the season has been too dry. Under
the circumstances, it is considered that
the crop has done well. Work has been
| commenced on the new beet factory
at Alamitos, California, and the foun-
dation is now we'll along. The Wat
sonville and Alvarado factories are still
working full capacity, and the beets in
| these sections are turning out well.
| The production of sugar at both fac
tories will be very large, and the cam
paign successful, if nothing unfore-
seen occurs during the next few weeks.
| The Alameda factory will not finish
work until January.
Now that our election has passed and
resulted in the success of the candi-
dates of the Republican party, which
probably insures a further protection
to the sugar interests in this country,
the Spreckels new factory will no doubt
| be rapidly pushed to completion, and
! there are two or three other factories
projected.
Basis-Continued at 2a4c net until
| October 26th, when it advanced to 2Bc
net; 2Sth, to SC net, and since that
date there has been no change. Sales
are reported in New York as follows:
October 26th, spot 10000 bags at 31sc;
2Sth, spot, 3,400 bags; 29th, spot, ia
va 1000 bags; 30th, spot, 10000 bags;
November I'd, spot, 1000 bags-all at
3Ac, and since the I'd no sales have
been reported up to date.
Eastern and Foreign Markets-The
general situation has improved since
our last circular, as will be seen from
the prices of centrifugals in the New
York market, as noted above, and also
from prices of beet sugars in London
which we quote as follows:
October goth, 9s; 21st, 9s lid; 23d,
9s; oath, 9s sd; 26th, 9s; 28th, 9s lid;
29th, IS 2Hd; Both, 9s sd; 31st, 9s
! 112d; November 4th, 9s 2Ad, and 7th,
9s 3%d. Buyers in New York were sue
cessful in keeping prices on the basis
| of &c for SO per cent centrifugals until
the 26th ult., when finding that their
tactics were preventing them from OBJ
! tanning the required supplies, were OBJ
| liged to meet sellers views first with
| an advance of sc per pound, and final
| ly &c per pound, and at this advance
| they secured Immediately about 10000
! tons of all grades. The parity of the
! New York market has for some time
ruled below other raw sugar markets,
and this caused owners of cargoes ar
irving to put them into store. and
many af1Oat cargOes originally intend
| ed for the United States, have been di-
verified to Europe. Refined sugars were
advanced in New York to 4.06 on the
2Sth ult., and to AS on the 7th inst.
! less usual discounts of l per cent.
! Total stock of sugar in four ports,
| United States, according to Willett &
Gray's latest circular of October 29th.
was 81 ,093 tons, against Isl ,S51 tons
at same time last year. Total stock in
six principal ports of Cuba by cable,
same date, 41,2O9 tons, against 149. O7O
tons last year. Total stock in all the
principal countries, 1902, SOP tons.
| against 1,O9S, 500 tons at same time last
year.
Czarnikow's latest London circular
OF October 22d, states that when LIGHTS
estimation of production were issued
! (Which we give below the market ma
! terially declined, but a recovery to pre-
Ylous values shortly took place. not on
any Improvement in figures. but partly
on a rise in wheat, which NAV prove
a serious competitor for spring SOW
ings, and partly on the belief that
LIGHTS calculations of stocks in Sep
TENDER next may prove as much above
the mark as the calculations for last
September were below the mark.
These calculations are based on fairly
| liberal European estimates; on Russian
! exports equal TO last season, which are
always difficult to foreten; on a Cuban
production of 100000 tons (Which Ger
tainly looks large), and on the sun
position that the exhaustion Of invisi-
bic stores in raw and refined, will not
materially affect statistics, thus ar
irving at 1,415,000 tons stocks next