The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1901-01-17
WORLDS SUGAR MARKET.
FACTS INFLUENCING
PRICES.
Estimates for Cuba Cut Down-For
Java Increased-Large Increase in
the Worlds Total Production.

Williams Dimond G. Co., in their cir
cular of prices current under date of
San Francisco, January T. 1901, say:
Our last circular per Nippon Maru
was dated December 9Th, 1900.
Sugar.-The local market and prices
for export continue unchanged, dry
graduated for local consumption still
being quoted at 5.65c, and for export
5.40c.
Basis-Dec. 5th to 18th, no sales; 18th,
spot sale 200 tons at 4%c; 18th to 26th
no sales; 9th, cost and freight sale
400 tons at 4.37c, likewise on same date
to arrive sale 200 tons at 4.375c; 2Sth, to
Jan. Sd, 1901, no sales; 4th, cost and
freight sale 900 tons at 4.325c, and on
same date spot sale 200 tons at 4375c,
since which no sales, establishing basis
for Sc deg. centrifugals in New York on
that date 4.35c, San Francisco, 3.975c.
New York Refined.-No changes from
Nov. to Jan. 2, 1901, declined on that
date to 5.S5c equal to 5.24c net cash,
since which no change reported.
London Gable, Dec. 3lst.-Quotes Java
No. Is d. S. lis. Cd; fair refining los.
3D.; same date last year lis. Sd. and
and los. Sd. respectively.
Stock.-Willett & Gray report Dec.
9th total stock u. S. four ports in all
hands estimated Dec. 26th, 54,4S2 tons,
against 211,465 tons same time last
year. Six principal ports Cuba esti-
mated Dec. 25th, $500 tons against $500
tons last year. Total stock in all prin-
cipal countries Dec. 9th at latest I'M
even dates 1 800, 9S2 tons. against / ,5S7,-
965 tons; a deficiency under last year
S6,9S3 tons. Total sugar crop Of the
world, estimated grand total, cane and
beet sugars, to Dec. 9th, 9,37550 tons
against S,339,373 tons; estimated in
crease in the worlds production 1885,
127 tons.
California Beets.-We have again
been blessed with general rains
throughout this State, and the pros
poets for the coming beet crop at pres
ent would indicate an abundant sup
ply.
Eastern and Foreign Markets.-The
New York market throughout the first
part of last month, in spite of the in
difference of buyers, continued fairly
steady, but latterly the customary holt
day inactivity manifested itself and the
few transactions recently reported were
only for immediate requirements. The
American Sugar Refining Co. has kept
aloof from the market entirely, and
the views of other refiners have been
largely influenced by the weakness dis
played in the London market, due
doubtless to the increased estimates,
large stocks, and absence of purchases
for American account. Accordingly
latest reports indicate a downward ten
y
to the granted in the event of further
sales.
Mr.. LIGHTS December estimate of the
European beet crop announced 18th
ult., foreshadows a total production of
100000 tons, an increase of 100000 tons
over his previous figures, and in some
well Informed quarters even this is
thought to be rather below the prob
able yield, for although the estimates of
the factories are somewhat less, every
indication points to an exceedingly
large production, which. in conjunction
with the high figures established in the
cane estimates for 1900-1901, cannot
help eXerting great influence on the
worlds markets; nevertheless in de-
termining values due allowance should
be made for the natural yearly increase
in consumption.
In Louisiana the grinding season is
practically over, and former estimates
of 100000 tons are maintained,
Reports from Cuba show that rain
is retarding sugar making, with cor
respondingly small January shipments
in prospect, and there is now an i'm
preston that Mr.. Guma's estimate of
a crop of 900 tons should be reduced
to 100000 tons.
The Java yield promises to be inn
mense, and some are of the opinion
| that a total production of 800, 900 to $780,
600 tons may be reached, although the
official estimates are now placed at
! 700 900 tons.
! Refined-The New York Market for
refined sugar has been exceedingly
quiet and conditions have become more
settled, although the trade shows no
/ inclination to buy more than sufficient
/ TO supply immediate needs. Every in
dicatiOn points to the establishment of
"a harmonious agreement between
Messrs. Arbuckle Brothers and the uni
/ F,,., Ifa.t T. -tnI oh