The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1897-03-05

most OF the clauses OF the new sugar
I bill giving exporters q bounty OF fcs.
/ $50 on refined. fcs. on minimum, 9S
/ per cent. crystals and fcs SO on basis
/ of 100 per cent for raw sugar of the
/ next crop. whilst half these bounties are
voted for old sugars. The outlay is TO
/ be met by a tax on refiners. Who will
! charge higher prices to the consumer.
| The bill has not been placed before
the Senate yet, but is is expected that
! 1t Will ultimately pass, thus giving
| prompt crys sis an extra bonus of 914
/ per cwt., which would reduce the pres
ent export quotation to about los. f. o.
/ b., unless Paris prices improve on the
actual passing of the law The French
! production used 10 be mostly in crys-
| tails. and the law gives an additional
/ bonus OF Sd per cwt. on new, and I'D
per cwt. on old sugars to the maker
of 9S per cent crystals over the pro-
ducer OF 1886 per cent cutie, but if the
export margin between the two kinds
gets much contracted. it would counter
act the tendency TO produce crystals.
1t is not surprising that with the
probability of these bounties being
adopted, our market should have been
flat during the week, and that prices
should have receded about Sd per cwt..
at which reduction, however. a stead
Ter tone set in, the German factories
refraining from pressing sales. The
opinion still prevails that at 9s sugar
making does not yield much profit, and
extension of sowings involves risks
with existing supplies. which require
consideration. German factories are
trying to form syndicate for regulat-
ing prices of roots and of sugar, which
will be difficult, but also land this is an
interesting sign of the tines for OBJ
tanning from Parliament a minimum al
lOtment, in order TO enable individual
factories to reduce SOwings without
losing their position Many factories
would rather contract less roots at
lower price than be obliged to pay more
in order to get the full area sown. That
undoubtedly would be a better remedy
than all sorts of syndicates, as France
will increase rather slowly, even with
the fresh bOunties. In 1895. notwith-
standing a bounty of IS 71ad on the pre-
vious crop (Which rose to IS 4d on the
crop then being sown, as against 71ad
in Germany, she even reduced the area
by 20 per cent. same as other coun-
tries; whether this year. with perhaps
As Cd bounty, against Is 81 in Germany,
and probably at lower prices. she will
suddenly advance by leaps and bounds.
seems very doubtful. 1t is reported that
10 per cent of the winter wheat is lost,
and that therefore larger spring SOW
ings of grain will be necessary, but
wheat is now about 32s Cd, against
BIS Cd some time ago, with future de-
liveries at a discount, and this should
not be lost sight of.
In Austria efforts are likewise made
to complete the factories syndicate for
contracts Of roots and sales
of sugar; also, for limiting sOwings.
From Belgium, Holland and Russia
there is nothing new to report; the lat
ter country remains above export level,
which is rather fortunate in presence
of the expected French offers; evidently
some countries must stand aside whilst
the others are selling. and at present
level, with the option for Germany and
Russia to declare on next seasons al
lotments it is hoped that many sellers
will be content to wait Our last weeks
imports are very small; and frost still
prevents sugars from reaching Ham
burg. delaying shipments there and in
the Baltic. so that only a few hundred
tons were rendered against the Febru-
airy account.
BEETROOT.-Febru moved from
9s sd, May from 9s 334d to 9s sd to
9s 21Ad October-December from 9s Cd
to 9s 41ad; granulated, ready from lis
lid TO lis sd: May-August, from los
10hd to los Cd to los 9$4d: Paris, from
fcs 2675 to fcs 2637, and we close to-
day: February, 9s; May 9s 11ad: Octo-
ber-December, 9s 41ad; granulated,
ready. lis Sd March-April, los SID;
May-August, los esd: Russian and
French crystals. los 11ad c. j. f.; fair
70 good seconds. rs 115d, c. i. f
Our latest Geographic advices from
New York of February Goth quote value
of centrifugals, 90 test, ex ship, wharf
or store, at SIC; demand good. with
some speculation, due to expected high
err tariff. The tendency is steadily up
wards. Demand for refined, good, and
market steady.
Estimates of European beet crops
and cane crops unchanged. Receipts
at six principal ports of Cuba have in
creased, but the crop promises to be
smaller than last year.
TRUST CERTIFICATES
113%; Preferred, 1925.
RICE-Hawaiian Market is very
dull. There have been sales at &c to
41kc. Importers have withdrawn from
tain better figures in the future.
Japanese: Receipts. 5000 bags. This
rice is in good demand and mostly for
inland shipment. Price, $50, duty paid.
COFFEE.-Market dull and all grades
weaker. We quote Kona at 171a 1Sc.
FLOUR.-G. c.. Elk. Family, S4.So
bbl.; Ell Dorado, $3.50, f. o. b.; Crown,
$3.50, f. o. b.
BRAN-Fine, $3.50 per ton, f. o. b. ;
coarse. S13.
NOTWITHSTANDING, SIS per ton.
+. o. b.: choice, 81.
BARLEY-No.. feed. S513 @S5c per
ell. f. o. b.; ground or rolled, SIT per
ton. f. o. b.
OATS-Fair. $40 per ctl.. +. o. b.;
choice. 81 so: surprise, S165.
WHEAT.-Chicken, $50 per ctl., I.
o. b.: milling, s1.65.
CORN.-S. Y, 95G971ac per ctl, 1.
o. b.
HAY-Wheat composition, $1,000;
large bales. s11.50 per ton, f. o. b.; oat