The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1897-07-02
LATE SUGAR NEWS
Williams, Dimond's Co.'s
Trade Circular.
Prices Fluctuate and Close High
er-ConfIdence in Sugar
Schedule,

changes in the prices of refined in this
market and for export The Western
Sugar Refining Company reduced
prices of all grades of refined &c. per
pound on the 18th ult., advanced all
grades 1sc. per pound on the 4th inst,
and again sc. per pound on the 10th
inst. Since that date there has been
no change, and prices are quoted to-
day as follows:
Cube, crushed and fine crushed, SIC;
Powdered, sac; Candy GRADUATED,
SIC; Dry GRADUATED. SIG; Confec-
TONERS A, SIC; Magnolia A, 4%c.;
Extra C, 45sc.: Golden c, 41kc
These prices are for California, Ore
gon and Washington, and subject to
the usual rebate of sc. per pound.
Prices in bond for export: Declined
to 42sc. for graduated on the 18th
ult.: advanced to 41ac 4th inst and
to 45sc on the 10th inst.
BASIS:-Declined to 1920. net on
the 18th ult., &c. net on the oath ult.,
advanced to 31sc net on the 4th inst,
and to SIC. net on the 9th inst. Since
that date there has been no further
change.
The following sales have been re
ported:
May 18th, spot, to refiner. $50 bags
at 3Kc. and spot to Spectator, 4,9OO
bags at 8 9-32c.; oath, spot, 1000 bags,
price to be determined by next sale,
which was made on the 9th ult., at
3lAc.; 9th, spot, 10000 bags; 2Sth,
spot. 1000 bags; Goth. spot, 800 bags;
June LIST, spot, 1900 bags, I'd, spot $500
bags. all at &C.; 3rd, sales made in
Philadelphia 5000 bags 5-16c., and 500
tons at 32sc.; 5th, spot, 1,400 bags at
3%c.; 9Th, spot, 1000 bags at 8 7-16c.,
and 10000 bags at 315c.; 10th, spot,
1000 bags at 315c., and since the 10th
no sales have been reported.
EASTERN AND FOREIGN MAR
KETS:-As will be noted from above
sales of raw sugars in New York, the
market showed some weakness after
our last circular. and decline of 1929,
per lb. was established.
Transactions. however. were moder-
ate and offerings limited to small par
cells in port. receivers preferring to
sell and avoid storage expenses in view
of large stocks and heavy arrivals
This condition continued up to the
4th inst, when reaction took place
and an advance of sc was established
and later, on the 9th inst, another &c
Refined was also advanced in New
York on the 4th inst to 44c., and 10th
inst to 4.56c. for garnulated, less the
usual discounts of 1 per cent. and
per cent.
We quote from Czarnikow's latest
London circular of May 9th regarding
the situation as follows:
"'The tendency of the market has
undergone several changes; after
firmness. dullness set in with a slight
" easier prices, which was again fol
lowed by a recovery of about I'D. pei
cwt. on beet in nearly all positions
stimulated partly by some moderate
purchases for the United States. The
opinion seems to gain strength, that
notwithstanding large visible supplies
the outlook at present level of prices
is less dark than the statistical posi-
ton would justify. We are also near.
ing the chief consuming season, and
with the greatly exhausted invisible
supplies, there are likely to be wants
which apart from any speculative de
mand may bring us increased activity
and perhaps greater steadiness il
values.
$50 far as cane sugar is concerned
there is as yet little disposition to poer.
ate except for immediate requirements
but as values compare in many cases
favorably with beet, we may sooner oil
later look for an improved inquiry
The sales of crystallised during the
week show fully steady rates to an
improvement of 115d. per cwt., and as
stocks of these sugars are now very
moderate. importers only after spar
ingly. In good refining qualities very
little has been done, while on low
brown sorts a slight concession has
been made"
They also state that an important
feature which may ultimately have an
effect upon the sugar trade in other
parts of the world, and especially in
Europe. is the increasing interest
shown in the extension of beet cultiva-
ton in the United States.
From the Philippine Islands cables
speak of the instruction as practically
subdued: prices out there show ne
change. but owing to a fall in the ex'
change. shippers have been enabled tc
meet the demand in consuming center'
at somewhat reduced quotatins.
In Java, grinding has commenced up
on a few estates, but in view Of the
low prices ruling, in consuming coun'
tries some planters seem inclined tc
store instead of selling their produce
as soon as manufactured.
Our fastest mail advices from New
York of June 10th state that there is
an improving tendency, with steadily
hardening of prices. and II is less diff
cult for importers to realize their
views but for the most part they are
still practically keeping their supplies
of the market Sales have been made
at 3lbc. for sc test centrifugals, and
SC. for SO test Muscovados, but the
offerings at these figures are very re-
served.
Since the announcement of the re-
suit of the Republican Caucus in Wash
ington on the Sth inst. when they
agreed to accept the House Sugar
Schedule. with the increase of duty on
sugars above No 16 D. s. and on re-
fined sugars from 1.S7is to 1.95c. pei
pound. and reducing the duties on sug.
ars testing on above 81 per cent by
,ooloriscone 10c ner Mound the general