The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1897-02-06
CROP INCREASES
Beet Smear Industry Growing in
California.
DECREASE OF CUBAN SUGAR
Actual Yield Will Effect
Prices of Sugar.
Holders of Sugar Demand Higher
Than Current Price-Shipping
Charters Recorded.


| Prices of Refined in this market con-
tinued unchanged from Nov. 9, 1896,
to Jan. 4, 1897, on which date the West
err Sugar Refining Co. reduced the
price of all grades for California, Ore
gon and Washington 11ac. per h., and
in bond for export 1Ac. per lb. Since
the 4th inst. there has been no change
and the Refinery quote for the local
market as follows, less rebate of l sc.
per h.: Cube, Crushed and Fine Crush
ed, SIC; Dry GRADUATED, 1850; Con-
fectioners' A, 43sc; Magnolia, 4c; Extra
c, 37sc; Golden c, 3Ac; Powdered, &c.
Price in bond for export sc net for
Granulated Price OF Beet GRADUATED
3-16c net.
The Beet Factories at jacksonville
and Alvarado are still in operation,
but the beets have all been harvested
and the factories will finish this month.
Beet sowings for the coming crop have
already commenced in some sections.
The total production of Beet sugar in
the United States in 1896 amounted
approximately TO 100000 tons, against
80. coo tons in 1895. This sugar was
produced by eight factories and there
are four more in process of completion.
Total receipts of Foreign sugar at
San Francisco in 1896, 1S2,737 short
tons. of which 1859, 900 tons were receiv-
Ell from the Hawaiian Islands.
Export Of raw and refined to foreign
countries for the same period, 1015
tons. Stocks of raws and refined on
hand Jan. /, 1897, $4,000 tons, eXclu-
sive of beet.
Basis.-There has been no change
since our last circular, and the basis
for Island sugars continues at 15-16c
net The following sales have been re-
ported in New York all at the price of
3 3-16c for SO deg. test:
Dec. 29th 1896, to arrive 800 bags;
Goth. to arrive 1900 bags; Jan. 18th,
1897. 1000 tons JaYas at Breakwater TO
Boston; 10Th, to arrive 100 bags and
18th, to arrive near by 400 bags. No
sales reported since the 10Th inst.
Eastern and Foreign Markets.-The
general condition of the sugar market
in this country continues unchanged
and there are no new developments OF
Importance to report.
Quotations for Centrifugals No. 10
TO 16, 90 test, have ruled at 3.1S75c;
Muscovados SO test, 2.S125c, and Mo-
lasses sugars SO test, 2.5625c. Refined
was reduced TO $3.50 net on the 18th
inst Spot foreign Granulated quoted
nCminally at $500 for Medium German
and 3.95c to &c for Dutch in 100 lb.
bags.
We can only quote the market in
New York for Raws and Refined, as
very quiet and with virtually no trans
actions in cane sugars. The arrival OF
Beet sugars at four ports L. S. has been
considerable, and with these supplies
Il nd
finers show no disposition TO make
further purchases, but would still pay
3-16c for Centrifugals, while on the
other hand, the offerings, particularly
of Cane Sugars, are very few and from
&c TO 3-16c above present values. Sell
ers are meeting the price for any small
lots arriving or near by, but expect to
realize more later on for sugars held
in store and consequently these are
not being offered.
Cable advices from Cuba state that
the Spanish authorities are permitting
planters in Havana, Matanzas and CT
enfuegos. to grind the cane that has
been burnt and on the 18th inst eight
plantations were working and many
more ready to start in a few days. BY
February /, il is probable many fac
tories will be running. but in the pres
ent uncertainty Oh affairs, Iurtner Qe-
struction of property may occur at any
time and the factories be stopped.
The receipts OF new crop sugars
at the six principal ports in Cuba from
the beginning of the campaign to Jan.
| II, 1897, were $500 tons as against A.
| $40 tons for the corresponding period
in 1896, 2S.714 tons in 1895 and 5O,159
/ in 1894. Late advices from London of
Jan. Z. report no great activity in the
market there. but somewhat of a re-
yival in the demand, Influenced by
American purchases, also an increased
inquiry for Foreign GRADUATED, which
has been freely met by Continental re-
| fners The statistical position, how
ever. is reported unchanged, but taking
into account the moderate prices now
ruling and the growing wants Of con-