The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1896-10-01
Williams, Dimond & Co.'S Cir
cuIar on Sugar Question.
CARGOES ARRIVE N NEW YORK
Beet Crops in California Recent Rains May
Affect Them-The Industry Growing
Rapidly-New Factory in New Mexico-An-
other in Utah-Srare of Marker in Cereals.

SUGAR.-We have no change TO
note in the prices of refined in the 10
cal market or for export and the price
list of the Western Sugar Refining
Company of July 9th, is still in force.
which we quote as follows:
Cube, crushed and fine crushed,
Use; powdered. ) 3-Sc.: dry granu-
latel, + 3-4c.; confectioners' a, 3-4c.:
magnolia A, I 3-8c.; extra c, 1 lie:
golden c. 1-Sc
These prices are subject TO the usual
rebate of 1-Sc per pound. We quote
price for export at 4 1-2c. net cash for
graduated
The local market for refined has not
ruled active and the buyers are sup
plying their requirements only for the
their own consumption obtain a still
further rebate from net prices quoted
by the refinery
Beet granulated is being marketed at
1-8c. per pound below refinery net
prices and at this difference the stock
is moving quite freely. 1t has been
estimated that the three factories in
this state will producesduring this cam
paign from $4,000 to $4,000 tons of
sugar, but we have recently had light
rains, which may prove detrimental to
the beets now in the fields. Whether
any injury has thus far been done, it
is vet uncertain but a further continu-
ance will certainly reduce the percent
age in the beets very materially.
Contracts have recently been made
in the East to the amount of 5000, 600
for machinery for the Alamitos Sugar
Co. Of Alamitos, Cal. which place is
situated near Los Angeles. This COM
pany will make sugar from beets and
expects to be ready for next years
campaign. Capacity, 400 tons beets
per day.
new Beet Sugar factory is also
building in New Mexico and we under
stand that another factory will be erect
ed shortly in Utah.
BASIS.-Continued at Lice. net
until September LIST; declined on that
date to SC. net, on the 18th inst. to
25-32c. net, 18th to 2 3-4c. net, and
18th no change.
The following sales have been re-
ported. September LIST, spot 1000 bags
at 1-4c., Sth, spot 800 bags at lac,
18th, spot Javas 1900 tons at 1-32c.,
18th, to arrive, 300 tons at Sc.
EASTERN AND FOREIGN MAR
KETS.-The general situation in the
East has not improved since our last
circular but instead prices of raWs
have further declined. The market as
a rule has been without animation and
the business in raw sugars unusually
small for this time of year.
Refined sugars, however, have been
maitained at former figures, viz: 447c.
for granulated, which is considerably
above the parity Of the raw market.
The demand for refined has been
good, but no doubt the distribution
would be much larger, were prices put
on a level corresponding more nearly
to their relative value to raws.
The European market has also eX
hibited duIlness and has continued to
f1uctuate moderately according to
weather reports, Root tests, Cuban
news, etc.
London quotations for beet SO per
cent test have ruled as follows since
our last circular: August 29th, 9s
Id; 31st, 9s; September LIST, IS
10 I'D: Sd. 9s; 4th, IS II lid; 5th
SIS 10 I'D; Sth, IS II Id; 9th, s 10
I'D: 10th, IS Il Id; 18th, 9s; 18th,
IS II Id; 18th, IS 10 I'D; 18th, IS
9 Sd, and no change since.
According to late mail advices from
London the growing German crop re-
quires more duty heat while some
French districts complain of want Of
moisture and are not at all sanguine
about exceptional results. The same
may be said of Belgium. From Rus
STA no complaints are made, though
last years results must be considered
exceptional.
We quote from Messrs. Czarnikow
& Co. s latest circular received here of
September 9TH, as follows:
The satisfactory crop accounts from
Germany, in conjunction with the still
large visible supplies, caused values de-
cIined at one time to SIS 10 I'D and
new crop OctOber-December to 9s l
I'D. Yesterday, less favorable weather
reports gave a certain firmness to the
market and prices recovered about
l I'D per cwt., but the trade and spe-
culators continue reluctant to operate
and as the latter have still engage
ments open in new crop sugar, their
hesitation. even at the present level
of values is, after past events, not sur
prising. So far, not much importance
+ is ascribed to the weather now prevail
ing abroad, but it will be eagerly watch
ed during the next six weeks, on which
depends the realization of present pros
poets.
In the meantime, supplies in the
hands of dealers are being steadily
diminished, and we ought soon to see
more disposition on their part to cover
present and prospective requirements
For America, too, there seems to be
some chance of an improvement in the
general condition of trade as soon as
the pending election of a new Presi-