The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1897-01-08
Williams. Din0li & Co. Report
on Trade.
SLUGGISH IN ALL MARKETS
Short Crop in Louisiana-Trust to
Be Seriously Antagonized.


the prices OF refined grades in this mar
ket. and We quote list prices of the
Western Sugar Refining Company as
follows, less the usual rebate of lsc.
per h.: Cube, crushed and fine crush
ed, &C.; powdered, size; dry granulat-
ed, 47sc,; magnolia A, 4iac.; extra c,
42sc; golden c, 414c. The price for
export in bond also remains unchanged
on the basis of 41sc. net cash for gran
ulated. The demand for refined is
very light and the sales continue small.
Basis: Continued at Lice. net IN
til the 18th inst. with no sales reported.
On the 18th inst sales were made in
New York, price TO be fixed on the next
sale, and until the 22d inst. no transac-
tons were reported, but on this date
private sale of 1000 bags at 3-16e.
was reported, which reduces the basis
on the 18th and since that date 10 .
15-l6c net. Since then there has 0ecn
nc further change, and the only sale
reported was on the oath inst, 5000
tons at S-16e.
Eastern and Foreign Markets: As
Will be noticed from the above quota
lions of centrifulgals, there has Deen
virtually little business in raws in the
New York market since our last cir
cular. centrifugals, 90 test, being nom
inally quoted at 314c; Muscovados, SO
test, at 27sc, and molasses sugars, Nos.
Z TO Is. 50 test, at 25sc The London
market has also ruled dull, and the
fluctuations in price of beet have been
slight. We quote as follows: Decem-
Der 4th. 9s lid; Sth, 9s sd; 9th, 9s
115d: 10th, 9s sd; 14th, 9s; 18th, 9s'95d;
10th 9s: 18th. 9s sd; 18th. 9s I'D,
and since then unchanged. c. Czarni-
kow. London, in their latest circular
Of December 10th, report as follows
concerning sugar:
The result of this weeks business
shows barely steady market; there
is still an absence of activity, and
transactions. both in beet and cane,
continue unimportant. The hand-to-
mouth antics of trade buyers are likely
to insure a continuous demand from
week to week, while prices are regu-
lated by the policy pursued by sellers
OF beet. At the moment there seems
nothing to justify any serious fluctua-
tions in values, the visible supplies Re
ing more than sufficient for the cur
rent wants in both Europe and the
United States, but the actual level OF
prices has apparently created sufficient
resistance on the part of holders of
sugar to prevent further depreciation,
oil aT~oa or :
Tor this season are resulting in a heavy
loss to lubricants. Whether these IN
remunerative rates will have a bear
ing on next years sowings remains to
be seen: indications are certainly not
wanting that in some of the beet-pro-
ducing countries on the continent the
effects of oFer-production are being
felt.
The transactions in cane descrip-
lions have been quite unimportant;
grocery crystalized is neglected, and
where sales have been effected de-
cline of 41ad to Cd has been accepted
on medium and good qualities, while
the finest shows little-change. For low
East India kinds, there is more de-
mand, and some business has been
done at full prices, while the higher
grades of refining are scarce and held
at extreme rates.
Our latest mail advices from New
York of December 23d, report business
in raw sugars practically at stand
still, with buyers out of the market and
holders preferring to await develop
ments rather than force sales during
the present dullness. Importers are
carrying stocks in store with consid-
cradle confidence, and it is simply a
question of waiting until there IS a
more liberal demand for refined, which
for some time past has been very light,
with restricted buying and no signs
as yet that the country is ready to take
supplies at all freely The price for
graduated has continued at 4.10c net
since November 18th, and fine German
granulated is quoted at 3.95c to 4.05c in
100-lb bags.
Total stock of sugar at United State;
four ports December 23d, %, 1874 tons
against last year at same time, 49,.
92S tons. Cuba, six principal ports by
cable, same date, 1856 tons, against
122, 451 tons same time last year. To-
tai stock in all the principal countries
at latest uneven dates to December II
2,92S.053 tons, against 2,30S,5 tons
at same time last year.
The total Louisiana crop for 1855
amounted to 237, 720 tons, against 3D.
goo tons last year.
The prospects of the Cuba crop con-
tinue unchanged, and depend entirely
on an early settlement of the troubles
there. which at present do not seem
likely to be terminated soon.
Referring to previous advices, it now
seems evident that the American Sug-
ar Refining Company will have stub.
born opposition to contend with short
~ in the firm of Arbuckle Bros, The
largest coffee roasters in the country
estimated TO be worth between S15,-
600, 900 and s2O,OOO,OOO, who not being
able to make satisfactory arrangements
with the trust TO supply their large de
mand for refined sugar in connection
with their coffee trade, have decided
to erect a refinery on their property il
New York.
1t was first decided that this rein ary
should have capacity of 1000 to 3