The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1900-04-10
San Francisco Market
Unchanged.
The Latest Adyices From San Fran
cisco, New York, and the
European Markets,

" VA anu dIt us lOlibhhs
| SUGAR-No changes in the loca
market nor for export to Honolulu
since March 90.
| BASIS - 23d. cost and freight
sale 2100 tons at 4.45c; 900 tons al
| 4 7-l6c; 2ith, cost and freight sale 2bt
tons at i.i35c; 26th, 1890 tons at 4.i5c;
| 27th, spot sale 700 tons, 4.4375c: cost
and freight sale $50 tons, 4.45c 5000
tons, 4.4Sc; 2Sth, $50 tons, 4,iSc; 18th.
Both, no sales reported, making net ba.
sis March 30, New York 4.4Sc; San
| Francisco 4105c.
LONDON BEETS-23d-30th los
| / lid.
DRY GRANULATED-In New York
no change reported since the 18th; still
| quoted at &c, equal to 495c net.
EASTERN AND FOREIGN MAR
KETS-Our latest mail advices, under
date of March Goth, report market
steady and firm, but offerings very
light. The advance in price and large
sales, are attributed to several causes,
among others the disappointment in
not receiving larger supplies from Gu
ba, which has advanced sellers ideas
there, also the advance and steady
price of beets on the Continent. Euro
pean market is supposed to have been
somewhat affected by the recent ad-
vices, indicating that the syndicate OF
German refiners was an accomplished
| fact, and although it's operations do
not begin until September Goth, it has
apparently caused considerable buying
in Europe. which may possibly be the
reason for the recent advance.
| STATISTICAL POSITION OF sugars,
accOrdin to Willett & Gray,
March 22d. total stock, United
States four ports, 145,6S2 tons against
190,S12 last year. Six principal ports
| Cuba, March Dist, 10000 tons against
$500 last year. Total estimated eX-
port and consumption of Cuba, Janu-
airy LIST to March 31st $4,000 tons
against 74,700 last year; total supplies
estimated this year at 100000 as
against 349, 900 last year. Total stock
in all principal countries latest uneven
dates, 2,373,6S2 tons against 2,33S,O67
excess over last year 35,615.
POLITICAL SITUATION - Moth
ing accomplished on the Por-
10 Rican tariff question, al
gress, and we think definite action will
soon be taken and it looks probable
| that they will establish duty OF IL
per cent of the rates under the Ding
ley tariff bill
Willett & Gray's circular of March
90 contains the following general SUI
gar statistics:
This weeks summary Of the statisti-
cal position shows stocks in the Unit
| ed States and Cuba together of 25S, So
tons, against 249,450 tons last week
and 257,312 tons last year, an increase
of 1870 tons over last year.
STATISTICS BY SPECIAL CABLES
l-Cuba:l The six principal ports. Re
ceipts. 1880; exports, 1900; stock
10000 tons, against 66,500 tons las,
year; 109 centrals grinding agains,
112 last year.
EUROPE - Stocks in Europe, g,
| $4,000 tons, against 2,ll2,0UI
tons last week, and 2,OSO,755 tons las
year. Total stocks OF Europe ant
America, 2,373,6S2 tons, against q
361, 450 tons last week, and 2.33S,06.
tons last year at the same uneven
dates and 2,334,945 tons, at even date
of March LIST last year. The excess o.
stock Is '35,615 tons, against an excess
OF 42,904 tons last week, and an excess
of 56, 023 tons December 2Sth, 1899.
HAMBURG-7750 tons of raw bee,
sugar to America from Hamburg ana
DIeulSl tulS Wcchb io,ouo lolo ohoa6c-
ments. No refined shipped.
A notable feature of the week, also,
Is the latest news coming from the Gu
ba crop. Disappointment Is apparent
at the early ending of the crop. with
results on many estates far below an
ticipations. One estate expecting TO-
900 bags gets but 5000 bags; another
expecting $1,000 gets 5000; another
expecting 100000 gets 10000.
The spring planted cane suffered
from drought, but a considerable deh-
cheney Is accounted for by the fact thai
planters have found it more profitable
this season to sell their cane for seed
than to grind it. While this shortens
the present crop 1t will enlarge the
next crop. The poorer results are also
shown in the reduction of centrais now
grinding to 1903, against 120 last week,
and H. last year, giving only 15,5OO
tons receipts for the week against. 49,
500 tons last week and 1880
tons for corresponding week last year.
In view OF these facts We are Obliged
to reduce our Cuba crop estimate to
$4,000 tons, with the proviso of 4 fur
ther reduction TO a possible $4,000
tons crop in the end unless some i'm
proving features intervene. Another
HONaDIe feature Ol the sugar SlludllUu
which is of importance is the fact that
the short domestic crop of cane sugars
in Louisiana is virtually already eX-
hausted, and that market must now
draw for its raw sugars mainly on the
European beet sugar markets until the
new Louisiana crop Is available. In
consideration of the fact that refining
capacity In New Orleans Is largely in
creased In order TO give greater sup
plies Of refined to the country west of
the Mississippi river, that market from
now on must receive greater consider
alton in the movements of the sugar
world. We give every week the figures
for New Orleans as well as San Fran
cisco, and such should not be overlook
ed.
SUGAR IN WALL STREET.-THE
notable feature up there has been a
general advance In all stocks, due to
urgent demand from an accumulated
short interest rather than to any con-
siderable popular demand from the
public. Sugar stock participated to