The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1897-02-09
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.


tinued unchanged from Nov. 9, 1896,
to Jan. 4, 1887, on which date the West
err Sugar Refining Co. reduced the
price of all grades for California, Ore
gon and Washington 112c. per h., and
in bond for export 1Ac. per Id. Since
the 4th inst. there has been no change
and the Refinery quote for the local
market as follows, less rebate of 11sc.
per h.: Cube, Crushed and Fine Crush
ed. SIC; Dry Granulated, 4ssc; Con-
fectioners' A, 4ssc; Magnolia, 4c; Extra
G. 31sc; Golden C, 3%c; Powdered, sc.
Price in bond for export 37sc net for
Granulated. Price of Beet Granulated
3-16c net.
The Beet Factories at jacksonville
and Alvarado are still in operation,
hut the beets have all been harvested
and the factories will finish this month.
Beet sowings for the coming crop nave
already commenced in some sections.
The total production of Beet sugar IN
the United States in 1896 amounted
annroximately to 10000 tons, against
20 900 tons in 1895. This sugar was
produced by eight factories and there
are four more in process OF complexion
Total receipts of Foreign sugar at
San Francisco in 1896, 182,737 short
tons. of which 169, 900 tons were recelv-
Ell from the Hawaiian Islands.
Export of raw and refined to foreign
countries for the same period, 1O15
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 l5-l6c
net. The following sales have been re-
ported in New York, all at the price OF
8 9-16c for SO deg. test:
Dec. 29th, 1896, to arrive 300 bags
Goth to arrive 1900 bags; Jan. 18th
1897. 1000 tons Javas at Breakwater tc
Boston: 10th, to arrive 100 bags and
18th. to arrive near Dy) 1400 bags. Nc
saIes reported since the 18th 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. il
to 16, SO test, have ruled at 3.lS15c
Mnscovados SO test, 2.S125c, and Mo
lasses sugars SO test, 2.5625c. Refined
was reduced to 1850 net on the 18th
inst. Spot foreign GRADUATED quoted
ncminally at 3.9Oc for Medium German
and 395c to &c for Dutch in 100 ID
bags.
We can only quote the market il
New York for Raws and Refined, a!
very quiet and with virtually no trans
actions in cane sugars. The arrival O.
Beet sugars at four ports U. S. has beer
considerable, and with these supplies
and limited demand for Refined, re
finers show no disposition to MAKE
further purchases, but would still pa!
3-16c for Centrifugals, while on thu
other hand, the offerings, particular.
of Cane Sugars, are very few and from
&c to BLOC above present values. Sell
ers are meeting the price for any small
lots arriving or near by, but expect II
realize more later on for sugars hell
in store and consequently these ar,
not being offered.
Cable advices from Cuba state tina
the Spanish authorities are permittin;
planters in Havana, MatanZas and CT
enfuegos, to grind the cane that ha
been burnt, and on the 18th inst. eigh
plantations were working and man.
more ready to start in few days. B.
February / it is probable many fac
tories will be running, but in the pres
ent uncertainty of affairs, further de
struction of property may occur at an.
time and the factories be stopped.
The receipts of new crop sugar
at the six principal ports in Cuba iron
the beginning of the campaign to jar
II. 1897, were $500 tons as against IA,
$40 tons for the corresponding perio
in 1896, 2S,714 tons in 1895 and 50,15
in 1894 Late advices from London @
Jan. Z, report no great activity in tn
market there, but somewhat of a re
vival in the demand, influenced b
American purchases, also an increase
inquiry for Foreign GRADUATED, whic
has been freely met by Continental re
filters The statistical position, how
ever, is reported unchanged, but takin
into account the moderate prices no7
ruling and the growing wants of con
sumers (American especially it is pos
sible there will not be the pressure I
sell which, in the face of the larg
beet crop, was at one time anticipated
The actual yield of Cuban crop wi
have an important bearing on the nea
future of the market, as the quantit
of sugar to be taken by the Unite
States from Europe will be largel
regulated by the deficiency in Cuba
London quotations for Beet So tie:
since our last circular are as follows
Dec. 29th. 9s lid: S1st, IS 2Ad; Jal
4th. IS SAd; 9Th, 9s Sd; It'll, 9s 3slC
Sth. 9s Sd; 18th, 9s 3s4d; 18th, 9s Az
10th, 9s 9Ad; 18th, 9s Sd; 18th, 9s PA
goth. IS Sd; 22nd, 9s 2Ad, and 23rd.
115d.
London Gables of jan goth, quot
Java No. Is D. s., lis Sd; Fair Refi1
ing IS Cd; Beet, Jan. IS Sd; Feb. 9s 81
First Marks German GRADUATED, Il
Sd +. o. b. Hamburg, equal to 3.7Sc nj
cash delivered New York duty maid.