The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1898-09-09
BUSINESS At THE COAST.
WILLIAMS, DIMOND g. CO.'S LAST
CIRCULAR LETTER.
Deficiency of 136,ss2 Tons in the SUI
gar Market Under Last Year-Good
Future Prospects for the Next Year.

Williams, Dimond q Co.'S last circu-
lar letter was forwarded per steamer
Gaelic, July 25th.
Sugar-Retined in the local market
and for export to Honolulu is still
quoted at unchanged prices.
Basis-Continued at 4hc until Au-
gust 5th, spot sale 1900 bags in New
York at 4 3-16c; unchanged until 9th,
spot sale $4,000 bags at 4Hc; sale 10th,
10000 bags; 18th, 10000 bags; 18th,
100 bags; 10th, $500 bags; 18th, H.
600 bags; 10Th, $50 bags; 22nd, 1000
bags; 23rd, 5000 bags; all at same
price; cath, 5000 tons, spot, and 1900
tons to arrive, at slice. since which
no change. Spot sale 3Oth. 1000 bags
at 5-16c, making net price for Is
land sugars here, Lice.
Stock-Willett & Gray's latest re-
port for the week ending August 25th.
total stock in all hands August oath,
estimated 251,52S tons, against 401 ,617
tons same date last year; total stock
in principal countries, latest uneven
dates, 1,2S0,02S tons, against 1,416,91O
tons same date last year. Deficiency
under last year, l36,SS2 tons. Cuba,
six principal ports, reported August
gath, $4,000 tons, against $500 tons
same date last year.
Eastern and Foreign Markets-The
market for raws in New York since
the LIST of August, has been strong
and as you will note a considerable
advance established. Java shipments
for July are estimated at 10000 tons,
and no large arrivals expected before
September or October: consequently,
if Cuba holds sugars and refiners do
not import beets. the receipts in the
United States would be comparative
ly small for the coming month. Ac-
cording to latest reports there are
very few sugars remaining unsold in
Importers hands in Boston. Phila-
delphia importers are supposed to hold
5000 tons and New York appears to
have about $4,000, and if sales of stor-
ed sugar continue in the same ratio
that they have in the past 1t will not
be long before the United States mar
lets will cease being great factors so
far as supplies are concerned. Con-
sequently the market is still quiet,
but very strong, with very few sugars
to be bought at current quotations,
notwithstanding that the New York
market now is shade higher parity
than the European market.
Eightv-nine degrees test Muscova-
does now quoted in New York at
3 13-16c The demand for refined has
been very large and compelled some
of the independent refiners to with
draw from the market.
The Arbuckle refinery's first pro-
duction of granulated, off-color, was
sold in the New York market on the
10th inst. at 1-16c per lb. under the
quotations of standard graduated,
less usual discounts. and we under
stand they are now Offering a number
of different grades. full up in color.
and at full prices. and are selling their
production as fast as offered
Latest European information, re-
ports a legitimate and steady depand
for beets. From all accounts the crop
on the continent will show a more ia
vorable condition as regards the per-
centage of saccharine, but the weights
will be far behind last year.
Our beet factories on this coast are
now at work, but we see no reason
why the output should be any larger
than previously predicted.
Our latest telegram from New York
today, reports market strong; lowest
offer by sellers at 4asc for 90 degrees
test centrifugal sugars, and il is pos
sible this price may be reached with
in the next week. Beets still quoted
at parity of 4Hc.
COFFEE.
Hawaiian-Better demand and mar
ket steady. We quote as follows:
Fancy washed, 17h@1shc; prime
washed, 16@17c; good washed 15@
15Rc; good current quality, lac.
RICE.
Hawaiian-Market is very weak. I'm
porters. are asking SEC, 60 days, but
would probably accept 3-Sc.
Japan-Demand very light, at 5.S0c,
duty paid.
CHARTERS.
Grain freight from San Francisco
extremely quiet. Small iron ship
here Offering to recharter, wheat,
flour or barley, 1919 orders, U. X, II.
to H. From the north, 27-6 is bid,
30 asked, Tacoma loading; Portland,
On H;J o.1ro1