The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1898-01-05

Market at Standstill--Rice Quiet.
Our last circular was dated Novcm-
Der 18th. per Australia.
SUGAR.-p Prices of refined were adj
vanced by the Western Sugar Refining
Co... on December l5th and 23rd, aud
quotations today for California, Ore
gon and Washington are as follows,
subject to usual rebate:
Cube 90 crushed and fine crush. .6isc
Powdered .......... .............O1s
Candy graduated .............jTsc
Dry formulated Fine ............3Hc
Confectioners' ACKNOWLEDGEMENTS. 5Ac
Magnolia \ Observation-Disclosures. $3.50
Extra observation-disclosures. 5Hc
Golden { NEUTRALITY-SUSPICIOUS.. 5sc
California y ACCOMMODATIONS. zee
Price for export was advanced to
ave net on December 18th and 4Hc net
on December 23rd. The stock of both
raw and refined carried by the refine
ny is large. Although it was reported
that the refinery would close down
some weeks ago for the annual re-
pairs and clean up. ii is however still
running. Work is progressing salts
factorily on the plant of the Califor-
mia Beet Sugar and Refining Compa-
ny. at Crockett. and it is expected that
this refinery will be ready for opera .
ton by March list.
BASIS.-Advanced to 11-tG net.
December 4th 3A net, December 18th;
| , 13-16c net. December 18th. and 31sc
net December 22nd. The following
sales We're reported in New York.
| November 30th, spot, 1000 bags. at
| 3Tsc: December 9th, to specuator,
! 10000 bags, at 1j-l6c; 18th. Java, spot.
220O tons at , 1j-16c; 18th. spot $500
tons at 4c; 18th, $4,000 bags at Lice;
end spot. near by, to arrive, 1900 tons
and spot 1900 tons at 4kc; since the
2drd there have been no sales report
ed.
EASTER AND FOREIGN MAR
/ kETS.-The improvement and firm
tone advised in our last circular has
continued and an advance of Ne per
ID. has been established in raws, ma
Il is confidently predicted thar the
market will soon reach 4Hc for - per
cent centrifugals.
The American Sugar Refining Com
pany has come into the mar>ct again
and together with the outside refinrrs
took all the sugars offered It lr .or
centrifugals, 3%c for Musco,ndoes
and 3Hc for molasses sugars. La Ct
they came into the market ut ~ r'1
ID. advance, but some importers are
now asking stll higher figures. The
refined market in New York mas ruled
strong and prices were advanced D"
: II a..
and 23rd, to 506c, for graduated. Ac
cording to late mail advices tnAre ha,
been a good demand for .layAs 80 PEI
cent test January March ship
ment. and 11-3 c. i. f. has been tma'N
offered, but no sellers under ll-4%.
London advices have also bean of /;
favorable nature. and latest news re
port Il considerable advance in beet Sd
CARS
BeetS have not advanced during the
last two months in the proportion tc
cane sugars, and when they were quo
ted during the month at 9%
f.. o. b., were brought to tn,
level of 4Bc, the price recently
asked by holders of cane sugars. \,
the disparity discontinues, there i,
more probability of our retiners going
to European markets for supplies
than when beet sugars were held al
nearly Nc above the parity of oul
market for cane sugars.
The large excess stock of sugar il
the United States imported in antici
patton of the advance in tariff has nov
been virtually exhausted, so that Tin,
statistical position is stronger now
than for year past, especially so, II!
the cane crop will proceed so slowly
that American refners cannot buy il
large quantities at any one time dur
ing the crop season in producing coun
tries. Cuba the largest producer vii
only make one-third of her usual crol
at the most.
STOCKS.-Messrs. Willett & Gray il
their latest circular of December 16tl
report total stock at four ports of thu
United States, 295,997 tons. agains
253.A20 tons same time last year: si'
principal ports of Cuba. by cable
stock 1875 tons. against 35.02i sam,
time last year. Afioats to the United
States from all countries, estimated
$4,000 tons, against $4,000 tons las
year. Stocks in Europe. ,907, 800 tons
against 2,030,022 tons last wear. To
tai of Europe and America, 2,205 81;
tons. against 2,31S,475 tons at the sam
time last year.
Ont latest telegraphic advices from
New York of today quote no sales o
centrifugals. graduated unchanged
no quotations for beets, owing to hol
iday in London. A. s. r. stock. com
mon, 1899: preferred 1877.
RICE.
Hawaiian Market is very quiet