The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1896-01-30

cemoer 31st and again on January
9Th. Principal grades are quoted to
day as follows: Cube, crushed and
powdered, 5gc. dry graduated, &c.
cOnfectioners' A, 45c.; magnolia a,
4sc.; extra G, 44c.; golden G, 45c.
Prices in bond for export to the Ha,
waiian Islands We're advanced on Jan.
10th to 4 4C. for graduated. We quote
HOngkong and beet graduated at 44c.
net, but transactions at this figure
have been limited.
The refinery starts up again this
evening, after having been closed for
nearly three months. The stock of
raws and refined on hand is small, but
with the recent and expected arrivals
of Hawaiian, there is sufficient TO
commence work.
There have also been small receipts
of Mexican sugars during the past
month, which are sold on the full
New York basis according to grade,
and are used in filling export orders,
the refinery thereby beneiting by the
drawbacks, on account of duty.
ular interest to report since advices
per Alameda of January 9th. The
bill is still in the hands of the Senate
Finance Committee, and it is expect
ed they will report in few days. Its
fate seems to depend upon Jones of
Nevada. If he insists on voting for a
duty on raw sugars, the bill will be
reported adversely; but If he votes
with the Republicans to sustain the
l. xryill no
reported favorably.
Basis.-AdvancedO on December 30th
to &c ner, and since that date there
has been no change. The only sales
reported are as follows: Decem Der
3Oth, spot 10000 bags; 31st, spot $500
bags; January Sd, spot 600 bags; 9Th,
spot 1900 bags; 10th, spot mo quantity
given) all at 34c. for 96 test.
Eastern and Foreign Markets.
Conditions ia the New York market
have continued to improve, and an
advance in values has been estab
Iished. Since the 30th ult., price of
centrifugals has been quoted strong at
Sac. for IS test, and nuscovadOs at 3Sc.
for SO test. GRADUATED sugar was ad
vanced to $4.69 less l per cent. and l
per cent, on the 30th ult.; $4.S1 on the
31st ult declined to $4.6 on the 9Th
inst, and advanced to Acc. on the 18th
inst.
London quotations for beets have
ruled as follows: Dec. 18th, los. Sd
/; 3Oth, los 1Od. J; 3lst, lis. Jan. I'd,
los. lid. /; Sd, los. 1Od. J; 4th, los. Cd;
9TH, los. Cd. +; Sth, los. 3D.; 10Th, los.
lid. !, and 18th, lis.
Messrs. Willett & Gray, under date
of Jan. 18th, report total stock of
sugar at four ports, Z. s., 139, 424 tons
against 40, 164 tons last year; six
oF H,,Io lDrvo = L.
date, stock $500 tons against 10000
tons last year. Total stock in all the
principal countries Jan. 9th, 2,516, 100
tons against ], 1856, 465 tons same time
last wear. Afioats to the United States
from all countries estimated at $4,000
tons against 1000 tons last year.
The reports from the Cuba crop con-
tinue unfavorable, and 100000 tons is
considered a full estimate. Regard
ing estimates of this years crops of
the world, we quote from DuDn's re-
view of the sugar trade, under date OF
Dec 80, 1895, as follows:
The estimates of production avail
able for 1851, as given by Mr.. LIGHT,
are 2,540,OO tons of cane sugar and
4,130,O00 tons of beet root. In the
former case there is thus an estimated
decrease of 525, 1000 tons, and in the
latter of 675, 200 tons, as compared
with the crop of 1S945. In an
estimate, confined to beet root, made
by Mr.. Gieseker, the Belgian author
ity, he calculated the deficiency at
600, 900 tons, but, as matters have
since shaped, Mr.. LIGHTS estimate
appears TO be much nearer the mark.
In these estimates there Is complete
reversal of what took place last year,
when surplus of more than 100000
tons over the crop OF 1888 had to oe
faced, and which produced, as has
been seen, such disastrous conse-
quences to values. The change in the
position STANDS for the moment dis
counted by an advance of say Is. per
cwt. on IS per cent. beet root and Is.
I'D. per cwt. on first marks granu
lated from the lowest points OF the |
year. The matter of production, |
which of course from the very nature
of things, must ever remain dom1- |
nant factor in the regulation OF all |
values, becomes more than ordinarily |
so in the case of sugar, because OF the
unnatural conditions which apply TO
its cultivation in European countries.
Protected and fOstered, "a it had been
Oy export bounties, ETC., the quantity
produced has periodically so greatly
oVerlapped requirements, that this
danger may be said 10 stand before
the trade as a permanent menace.
4H!S 10 eopeCially the case IN an age,
and in relation to an article, which
necessitate so much anticipatory &C
ton.
Beginning with the crop of 1885 6,
the production was 1850, 900 tons. 1t
was increased 100000 tons in the fol-
lowing year, and this increase was
maintained down to and including
the campaign of 1SSS-S9. In that Of II
ISS9-9O a further addition of over
zoe, 600 tons was made, and there it
rested till 1929, when almost 9OO,-
600 tons were added to the yearly
supply. In the following year an