The Hawaiian gazette., 1897-04-30
COFFEE IS DOWN
Limited Number of Pack,
ages Reach Market.
Tariff May Pass Senate-Winiams.
Dimond s Co.'S Monthly
Circular.

San hANOlSND. April 4S.-Sl III
AR-Prices of refined continued I'M
changed until April LIST, when all
grades were advanced ISc per ID, but
on April 18th. reduction of sc per
II. was made and again on April 18th,
sc per ID. Since the 18th inst. there
o. has been no change and the prices Of
the Western Sugar Refining Co., for
California. Oregon and Washington
are quoted as follows: Cube, Crushed
and Fine Crushed, &c; Powdered, SIC;
Candy GRADUATED. sc; Dry Granulat-
ed. 47sc; Confecrioners' a. 4TSc; Mag
nolia a. 4iac; Extra c. 4Ssc; Golden
c. 4I.c- These prices are subject to
the usual rebate of sc per lb. Prices
for export advanced TO 4Ssc for Gran
ulated. April 1st; declined on the 18th
10 4lsc as,i 18th TO 4ssc The prin-
cipal cause for the decline in Refined
in this market has been the weakness
and lower values in the New York and
London markets.
BASIS.-Advanced TO s S-S2e net
March 26th. SIC net March Slst and
declined 10 5 1-Ss net April 18th. The
following sales in New York have been
reported:
March sSrd, 100 bags at slice:
18th spot 10 Spectator $500 bags al
SI1-Sac and spot 5000 bags at ; 5-I6o;
Slst. 10 arrive near by. 1000 bags ST
5ssc: April I'd. due TO arrive 400 bags
81 Sl@c: 5th spot 5000 bags at SIC:
18th, 10 arrive. $500 bags al $3.50,
and since that date no sales have been
reported
EASTERN AND FOREIGN MAR
kETS.-Folloving our last circular j
further Improvement took place in the
New York market. and prices OF both
Raws and Refined advanced The de-
mand for the latter was particularly
sclive andsin many cases 50 large that
Rshners were Obliged TO cut down
their orders Granulated advanced 10
4.S6c net on the 18th nit. and 10 4-41f
net on April 1st
Sales OF CenUTifugals 90 deg test q,
Ssse, Muscovados 50 deg. test at Sc
and Molasses sugars 50 deg. test at
aSsc were made on the S1st ult. and
FOR several days after there were trans
actions on this basis The improve
ment was caused by the snticipa led
passage OF the Tariff bill. but since
It's passage by the House with the
retroactive provision and the prob,
ability OF considerable delay before
its passage by the Senate. together
with the fact that very large impor-
tations Of Raws had previously been
provided for. the situation has again
undergone & change and on account OF
uncertainty prevailing. buyers have
withdrawn from the market, and from
April 18th 10 April 18th. ns sales OF
Raws were reported and quotations al
though not changed were nominal and
the market since the ruled dull, il be-
ing impossible 70 DO business except
a. decline. which took place on the
I=th inst
The direct receipts Of Refners have
been very large and the full order o.
supplies for some time past has been
noteworthy. The price OF Granulsted
declined on the 18th 10 435c net and
on the 18th 10 s-23c net English ad-
vices continued fairly steady until the
18th inst. when London quotations
for Beet declined and the market has
continued 10 weaken since.
We quote prices for IS deg test fob
Hamburg since our last circular, q:
follows: March 2Srd- es: Both. es 02s d
April LIST. :: Srd. IS 02sd; 5th- IS;
9Th. S 10l4d; eth S s54d: 18th IS Cd;
18th. IS SEd
The outside markets are directly in
nueneed by the sudden cessation OF
American demand in Cuba, where
prices as usual had advanced beyond
the parity Of our markets. q tendency
has recently been shown 10 come with
in reasonable prices and sugars could
nov be purchased at 2 decline. but
even al lower quotations there Is only
very moderate demand
In addition 10 this unsettled state o.
affairs in our country. the French Sen
ale has passed the bill increasing the
bounties- The effect of same. however
seems 10 have been previously dis
counted. as after the passage OF the
bill. Beet sugars only declined 1izd-
but II is feared BY some that as soon
As the short sales IN anticipation are
covered. and the legitimate trade COM
neness 70 realize. 3 further decline
nav take place. especially as the pres
sHre Is likely 70 come when the Eu-
ropezn markets viii not be having sup
port from this side and especially con-
si6e-ing The enormous stocks IN
France. 607. coo tons now, as against
50 0J,a tons. S2I 600 tons $4,000 tons
and SIS. 90 IONS II the corresponding
periods for the FIVE previous years
On The other hand. according 70 our
late nail a6vioes from New York il is
considered that these low prices and
poor future prospects may cause :
large restriction il sowings. and there
seems 70 be very few inducements for
the farmers 70 plant Bets. for If Low
prices and poor prospects are ever go
Ing 10 reduce The production, this
sesms 10 be the proper time
The 1EorlG's visible supplies reached
nearly :. 600. coo ions last month which
Is 800 goo tons in excess o. The previous
year Il Is nov The time when stocks
should commerce 70 diminish and
there nay be very large decrease
during this and The coming months.
especially on account OF the shipment
OF The recent large purchases OF beet
sugar made BY American Re6ners-
This decrease however. cannot be suf-
6cieut 10 influence the market favor