The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1899-12-21
STATE Of SUGAR MARKET
WILLIAMS, DIMOND & COMPANY'S
MONTHLY CIRCULAR.
Excess Sugar on Hand-Rains Give
Prospect Of Heavy Beet Crop in Cali
fornia.
San Francisco. December 70. 1899.


The last circular per steamer Austria
liza was dated November 10.
SUGAR-There has been no change
in the local market nor for export TO
Honolulu since that date.
BASIS-Unchanged from November
IA to Is, cost and freight sale, $50 tons,
4.27. Continued unchanged until the
23d, to arrive sale 414c., since which no
sales reported, making net basis De-
cember II for Island sugar in New
York 414, and in San Francisco 37s.
NEW YORK REFINED-Quotation
have remained unchanged say 4.766-
4.S25.
STOCK-According to Wllett &
Gray, December T. total stock L. S.
-Four Ports to December estimated a
209,S97 tons, against S6,523 tons same
date last year. Six principal ports
Cuba 11,000 tons, against 9,704 tons last
year. Total stock in all principal coun-
tries at latest uneven dates to Decem-
Der l. by cable, SO9,S97 tons. against
1926 tons last year; excess over last
year 56911 tons.
EASTERN AND FOREIGN MAR
KETS-The spot market for raw sugar
in New York has been quiet with very
few sales the past month. Latest adj
vices report an increasing scarcity of
ready cane sugars in the markets of
the WOilu, ana prices asked at the pro-
ducing points are from lie to 1-Sc.
per pound above the parity of the spot
market.
Latest reports from Java indicate TO
tai exports of the present crop to No
vember &c. $4,000 tons, this crop being
estimated at $4,000 tons, leaves still
available for export to June l. 1900,
$4,000 tons. The scarcity of cane sup
plies for some time has turned the al
tention of refiners to beet sugars. and
the outlook is for continued steadiness
in the raw sugar market.
c. Czarnkows circular under date OF
November % reports nothing of specla,
interest in the market. Demand slow,
and the trade not tempted to do more
! than supply immediate wants.
LIGHTS estimates have been increas-
ed from 100000 to 100000 tons, and
with the favorable weather now pre-
vailing, it would not be surprising to
see the actual yield exceed even his
latest figures.
! LOUISIANA accounts are still un-
favorable, crop estimates now having
! been reduced to 100000 tons.
CUBA advices report favorable
weather for coming crops, and that
some districts will show an increase
! over last year.
Latest estimates of the sugar crops
! of the world, from Willett & Gray. re-
| pbIl SIdllu lOldl OI cane anu Deet sugar
| 1S991900, S,414,000 tons, against 1898
! 1899 1887, 1853 tons. Estimated increase
| in the worlds production 476,537 tons.
We have had fine rains all over the
State for the past month, and contin-
uatiOn of them will mean large returns
of beets on this Coast, but too early
now to estimate the quantity that may
| be produced.
! COFFEE-Hawaiian Nothing has
| been done in Hawaiian coffees for some
time, and we cannot therefore note any
change in the market based on sales.
The trade regard these coffees as priced
too high. and it will doubtless be ne
cessary to reduce figures in order to
stimulate consumption.
I RICE-Hawaian. Last arrived was
| 500 bags eX Australia; price sc. less
11a per cent. but weak at this figure.
A grade of New Orleans equal to ISL
and can be laid down here at 45sc. to-
day.
JAPAN-Selling at 4.55 less IL per
cent. Supply is limited, and demand
has improved. The market however,
for all rice is ruling dun and at present
writing, owing to the closing of the
year, and jobbers will not buy before
stock taking.