The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1900-07-03
SUGAR MARKET
ON THE ADVANCE

According to Willett & Gray's circu-
| lar for the week enuing June IA, the
| principal feature of the sugar market
on the Mainland was the advancement
| in the price of refined. The amount OF
sugar on hand in the United States. in
Guiding Cuba, showed a falling off as
against the same week in the previous
year.
THE WEEK.--Raws unchanged Re
| fined advanced 10c. Net cash quotations
| are: Muscovados, 4Bc; centrifugals,
4.625c; graduated, 5.50c. Receipts, 80,
1870 tons. Meetings., $4,000 tons. Total
stock in four ports, 1S0,7l1 tons. against
1S3,5S1 tons last week and 2S1,09S tons
last year. Afloat to the United States
from all countries, estimated, 100000
tons, against 10000 tons last year.
Beet sugar quotations, cost and freight,
lis 2Ad per cwt. for IS deg. analysis.
First marks, German graduated, f. o..
b. Hamburg, Us Cd, equal Size, New
York. duty paid.
Spot foreign graduated: Duty paid
stock practically exhausted. For ex-
port, 2.95c net cash, in bond. The ue-
mand is light and the supplies small.
For import, Dutch Granulated, promp
shipment, 13s 1879 C. and f., equal t.
5.37c. duty paid. Fine Austrian granu-
lated for July shipment, lbs Sd, C. and f.,
equal DISC, duty paid.
This weeks summary of the statisti-
cal position shows stocks in the United
States and Cuba together of 2i9,711 tons,
against 260.0S1 tons last week and $685..
III tons last year, decrease OF 11O5Ob
tons under last year.
RAWS.-The raw sugar market dur
ing the week has kept very steady and
firm all the time, with ready demand
at the current quotations for all sugars
placed on offer. The quantity for sale
has not been large and buyers would
readily have taken more. There is
shown no disposition, however, to pay
any further advance, and the indica-
lions at the close point to continued
steadiness and flrmness. Cane sugars
will now become less plenty, and more
beet sugars will be taken. Stocks in
the United States four ports and Cuba
are steadily decreasing, and are now
1l0506 tons less than at the same time
last year.
REFINED.-Steady, healthy business
has. been done throughout the week In
refined sugars, with renewed shadings
of few grades of softs All refiners
work in harmony and the trade is now
on a more satisfactory basis. Prices re-
manned steady without indications of
any change until the close, when an adj
vance of 10c per. 100 pounds was made
by all refiners. Orders will be taken for
strength of the raw sugar market and
the evident intention of refiners to
maintain n full margin between raw
and refined, there seems to be safety In
the free buying of stocks of refined
right along for the fruit season. The
American and Arbuckle are oversold
about two weeks on granulated, but
Howell can deliver more promptly. 1t
would be advisable to anticipate wants.
Receipts for the week were 80 100 tons,
and stocks In the United States and
Cuba together are now 2f9 Ill tons,
against 360,217 tons at the same time
last year.
SUGAR IN WALL STREET.-The
stock has followed very closely the
trend of the general market, showing
weakness and decline to $113 when that
was weak and declining, and advancing
to s117 when that was advancing. TIL.
same course may be expected for the
present, as no violent manipulation of
sugar stocks appears in sight just now.
The immediate course Is upward.