The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1899-10-26
in REALMS OF COMMERCE
WORLDS SUGAR PRICES AND
SUGAR CONDITIONS.
Tendency of New York Market in
Favor of Buyers-Shortage in Visible
Supply-Lumber Freghts.

Williams, Dimond & Co.'S trade cir
cular of october II, says:
For export to Honolulu, dry granulat-
ed was reduced to 3is September 81,
since which there have been no changes
reported.
BASIS.-Unchange with no sales I'M
til September % to arrive sale 500 tons
at 1 5-16. No sales reported from that
date until october Z, to arrive sale, 250
tons at 4 5-16, since which no sales re-
ported, making net basis for Island SUI
gars here October 16 1910.
New York Refined was reduced Sep
TENDER 90 and is now quoted by the
different retineries on the basis of i.766
and 4.S25. The market is reported quiet
and unchanged. and no settlement has
been arrived at as far as we can learn
between the American Company and
the Independent reiiners. 1t is reported
that the American Sugar Refining CO.
are still guaranteeing prices until jan
uary list.
LONDON CABLE.-October IL, re-
ports Java No. 10 d. S, lis. Sd; Fair
Refining los. 3D.; November beets 9s.
2Ad.
Notwithstanding to Willett e
Gray, October y. estimated stock L. s.
Four ports, October II, 15S,957 tons,
against 1850 tons same time last
year. cuba six principal ports, OCtO-
Der II, $1,000 tons against sos tons
same date last year. Total stock
in Europe and America 755,451
against S94, 1872 tons same uneven dates
last year, making a deficiency in stock
of 139 265 tons against deficiency De-
cember 20, 1898, 1O2,3l1 tons
EASTERN AND FOREIGN MAR
KETS.-The tone and tendency of the
market has been in favor of buyers for
the past month, and very little business
done, and at the close it is reported
that the only buyer in the market is
not disposed to pay current quotations.
Mr.. LIGHTS preliminary estimate, lat
ter part of September. of the coming
beet crop, is between 1890, 900 tons and
5,240,O coo tons for all of Europe and while
receipts i'm New York from all coun-
tries with the exception of Java are
| likely to be remarkably small during
| the balance of this year, the immediate
future of the market depends much up
on the first definite estimates of the
| European beet crops. which are now
IeXpected very soon. The continued de-
cline in beets cannot be accounted for
! by the general statistical position al
! though there is no doubt that large
quantities of old beets have been left
| in holders hands which must be press
| ing on the market. 1t is thought that
some purchases of peets will have to
be made for supplies in the Eastern
markets before the close of the year
in order to supply requirements of re-
/ tinerS.
California Beet factories are all
working but it is yet too early to de-
| finitely state results.
! E.-Hawaiian-Stoc in first
hands today is 177S bags; while impor-
ters are still holding for prices as
quoted you in our last, dealers ideas
are lower, and but few sales have been
reported. The prices of all coffee, and
especially high grade goods show a
strong downward tendency.
Lumber freights are firm and scarcity
of tonnage prevents business. We
quote sydney 45s. to 46s. 3D., Melbourne
or Adelaide SIS. Cd. to 53s., Port Prie
50s. to SIS. Sd, West Coast 52s. Cd. tC
55s.