The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1897-08-26
news OF SUGAR MARKET
WILLIAMS, DIMONDS' CIRCULAR
OF INFORMATION.
Latest Quotations in Sugar, Rice, COT
fee and the Island Staples-Sugar
Market Firm-Coffee Market Weak

BY the Alameda today came the lat
est sugar, coffee and rice news i'm the
letter issued by Williams, Dimond d
Co., of San Francisco.
The Western Sugar Refinery has
advanced one-eighth of a cent pound
on all grades of refined sugar.
The basis for centrifugals still re-
mains at 32s cents. Following are the
sales in New York: July -, 5000
tons; July 10, $500 bags IA, 5000
bags; Is, 5000 bags; 16, $500 tons; 2l,
$50 bags; all at 35s cents for 90 de-
grees 26. $4,000 tons, at 3M cents. for
90 degrees; 81, 1850 tons; 20, 1900
bags; both at 334 cents. No sales re-
ported from that date until 18th inst,
200 bags at same price, which is the
quotation in New York, making net
basis in San Francisco, 49, cents.
Sales for the week ending July 30,
in the New York market, amounted
to about 10000 tons, $4,000 tons of
which were sold in one day. Since
then the market has remained quiet,
with buyers Indifferent, while holders
are equally so, without much present
prospect for business. We therefore
consider the market very strong, but
without activity.
No sales have yet been made of su-
gars imported under the new tariff,
and it is thought that buyers are pref
~ well supplied for the next two
months. The demand for Refined has
been very good, some grades advanc-
ed on jth inst. but Granulated re-
mains unchanged at 4.S1 cents less
usual discounts, to which it was adj
vanced on the Goth ult.
The beet market has lately develop
ed some strength.
The latest advices from Cuba are
that rains have been quite heavy all
through the Island, which was very
beneficial to cane, but no safe esti-
mates can yet be made of the coming
crop. Latest reports, stock in prin-
cipal ports July 2S, 10000 tons
against 56,617 tons same time last
last year: estimated visible produc-
ton to August 4, 214,00O tons, against
225,200 tons same date last year.
The latest reports of the Louisiana
crops are favorable, the weather being
of an excellent character for promot-
ing the growth of cane and the out
lpCN appears NNNNONlihSiN VI ~
The stock of sugar at four ports Of
the United States on August (, esti-
mated, 533,67S tons, against 2S5, 06G
same time last year. Total stock of
sugar in Europe and America, July
81, 1,760,17S tons, against 1.620,707 tons
same time last year, making excess
over last year 130,471 tons.
RICE.
Hawaiian market is firm, late re-
ceipts having been sold from wharf
at Az cents, 60 days. Until something
more definite is known about the Car
Dina crop. which is now report ii yely
large. Jobbers are not inclined to buy
in speculative quantities.
Japan, in fair demand at $i.45, 60
days, duty paid.
COFFEE.
Hawaiian. market quiet, without
much demand. Nothing has been done
with cultivated sorts. We quote un>
cultivated nominal today at 16M16Hc;
cultivated in demand at 1SM10c, for
good qualities. Market for Central
Americans barely steady with no
prospect in sight for any improve
ment.
SUGAR.
Apart from transferring August
beet to new crop at premium bust
ness has remained stagnant notwith-
standing the late improvement in the
statistical position which will prob
ably continue for some months TO
come. 1t may happen that the sup
posed larger invisible supplies in the
United States may at some time cour-
teract the expected falling off in cane
imports during July-October, but it
must be borne in mind such reduc-
ton in imports means this year only
delayed shipments from producing
countries, especially Java. In Russia,
too, there exists still an excess of
114,090 tons against 66,310 tons last
year.
On the Continent a period of dry
heat has been followed by rains, that
have benefited the fields, as the
leaves in some districts present lux
uriant appearance. There is almost
complete absence of complaints, and
the effect of lateness in sowing seems
disappearing, but it must not be for
gotten that September-O wealth
err determines the yield.
In cane sugar, transactions have
been confined to few sales of gro.
Gerry crystalized West India at barely
steady rates, but in the outports some
business has been done in refining de-
scriptions at very firm prices especial
ly for low and medium grades these
show now an advance of Cd to Cd per
cwt., from the late lowest point AS
previously remarked, there
will be some scarcity felt in these
grades during the Autumn.
"Quotations in America have further
advanced u cent, with good business
doing, but if the county tax is fixed
at about u cent, present duty paid
prices are still considerably below
European beet values and cane SUI
CARS will in future be specially at
tractive. The landings are 5000 tons,
$4,000 tons, reducing stock
to 100000 tons"