The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1899-05-12
ALL ABOUT SUGAR MARKET.
WILLIAMS. DIMOND & COMPANY'S
CIRCULAR
Decrease Of Beet Servings and Reduced
Estimates of Cuban Crop Send
Prices up and Keep Them Firm.

Prices up and Keep Them Firm
Williams Dimond & Company's cir
cular under date of San Francisco. May
Sd, contains the following information:
SUGAR: Prices were advanced I'm
the local market and for export to Ho-
nolulu, April II. and again changed the
basis from barrels to bags on the Is,
since which no change until May 2 the
following schedule of prices was issued
by the Western Sugar Refining Com
pany. and we understand that the Cal
ifornia Beet Sugar and Refining Com
pany are selling on the same basis,
namely:
| cubes CAV crushed and fine crushed,
! > 11-16; powdered, : 11-l6 candy, gran
/ ulated 3 5-16; dry graduated, fine.
| ) 3-16; confectioners' A, 3-16; Califor-
/ MIA a, 1 Isle; magnolia a, 4 1876, eX-
! ira G, 4 ll-l6 golden G, 9-l6.
| For export to Honolulu in bond,
prices We're changed on May ?, and we
now quote the market for dry granu-
/ lated at 7-l6 i'm bags by both refin-
cries.
BASIS: April >. sale in New York
cost and freight. 2lOO tons at 4.51; 9th,
! to arrive. $50 tons at 45t, 100 tons at
| 45O: 10th. to arrive, 1900 tons 9-l6;
18th 500 tons at 4.51: 18th, cost and
freight sale 5000 tons ABB 18th, spot
sale $50 tons at 9-16: 18th, spot and
to arrive sale 5000 tons ass; 2lst. cost
and freight sale 100 tons at AS; May
LIST cost and freight sale 500 tons at
, 40: to arrive sale 800 tons at 11-16;
May ID no sales reported, making net
, basis for Island sugars here on that
date 4.3l9
STOCKS: Wnlett & Gray report T..
$. four ports April 26, 2O2,391 tons
against 345,31 tons same date last year
Cuba six principal ports $1,000 tons,
against 81 1886 tons same date last year
Total stock i'm all principal countries
latest uneven dates April p, by cable,
2l56, 397 tons against 2,544, 500 tons
same date last year, showing defici-
ency under last year of 3SS,205 tons.
EASTERN AND FOREIGN MAR
| KETS. Owing to the news regarding
decrease of sowing of beet sugars IN
Germany coupled with the confirma-
ton of reduced estimates for the Gu
ban crop, which, during April was es-
timated to not exceed 100000 tons, the
European market for beets steadily ad-
vanced, which in addition to the fact
! that there were very few sugars in
first hands in the United States caused
. our market to maintain firm position,
and to steadily advance. tone and ten
dency for the whole month being rath-
er in favor of sellers than buyers, and
= from present indications there seems
to be no reason why prices should not
be maintained for some time to come,
at Least until lower priced sugars of
the new beet crop become available in
October
We quote from G. Czarnikow's Week
} ly London Circular under date of April
/ Is. as follows:
"A further reduction in the Cuban
\ crop estimates, together with larger
beet orders from America, have result
ed in a further rise of about cd per cwt
in values of present crop beet, anC
though this movement may to a GER
= tain extent be speculative, it has Z
strong foundation in the reduced stocks
and increasing consumption of tn,
world, both of which we have referred
1 to on former occasions.
THE moderate holdings by distribu
tors have led to increased activity botf
in raw and refined but the compora
lively small quantities offering have tC
some extent restricted transactions
I Doubtless the present level of values Is
very satisfactory to producers, but thc
latter. seeing that there is no fear 'pi
[ any extra supplies from outside sour
6 ceS Gas has previously been so frequent.
! ly the case in advancing markets), art
: not pressing their sugars for sale. II
is. in fact, probable that we shall have
very healthy trade demand for som,
L time to come, they may, during the
a summer months, show some falling off
d owing to the difficulty experienced by
continental rehnerS in obtaining raw
4 material at a working margin.
= The great difference between the
= values Of present and new crop bee
has at last attracted the attention o
spectators to the latter, and transac
tiOns of some importance have takeT
place at an advance of 1%d, which still
/ leaves quotations at considerable dis
count below old crop"
] CALIFORNIA BEET CROP: Witt
rain during the last ten days. the con
t dition. as advised in our last, has beer
- fully maintained, If not improved, anC
the estimates are that we shall have q
least three-fourths as many beets as /
rain had commenced early in the sea
son.
COFFEE: Market for all cOffee
shows a softening tendency. Stock o
Hawaians in first hands today 1863
bags We quote for Hawaiians as fol
lows Good, 13@14c.; prime, 1561615c.
fancy, 17@1Sc.
- RICE: No Hawaiian i'm market Lou
isiana of similar quality can be laiC
r down at from So to &c. Many lots o
inferior rice are being imported from
\ the East, and selling at prices rang
ing from 4 to size according to grade
but bulk of trade is i'm Japan rice.
Note Heads, Bill Heads and Lette
Heads Star Oflipa