The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1901-12-27
SUGAR
WILLIAMS, DIMOND & cos AID
VICES.

WILLIAMS, DIMOND & cos AID
VICES.
Under date of December 18th, Will
liams Dimond & Co, of San Francisco.
write To their correspondents here as
follows:
We last had this pleasure the 14th
instant, per Alameda.
Sugar-No changes have since occur
red in the local market or for export
to Honolulu, prices established I'd in
slant stiff being in force.
Basis-No sales since last a.dvices,
consequently basis for 96-degree CEN
trifugaIs in New York, established by
transaction recorded 9th instant, still
remains at 3.75c; San Francisco. 3.375c.
New York acknowledgements re-
ports dated 18th instant show a reduc
ton of ten points by the Howell refin-
cry and Messrs Arbuckle Brothers over
previous quotation of 4.75c, equivalent
to 4.65c net cash, still maintained by
the American Sugar Refining Company.
The Howell refinery and Messrs. Ar
buckle Bros. present price is 4.65c.
equivalent to 4. SOC net cash.
IOnUOn DCNlS IDCN- w 80 49, -
Is I'D; Dec. IS, rs.
London Gable December 18th quotes
Java No. 10 d. s. SIS 101@d; fair refining,
IS 101sd; same date last year, Us Sd,
and lis Sd, respectively. December
beets. IS I'D, against 9s 41ad cores
ponding period last year. January
beets, rs 214d, against 9s sid same date
last year.
Eastern and Foreign Markets-Sales
aggregating 22,50O tons of European
beets have lately been made for Am
erican account, and the market abroad
for a time was favorably influenced in
consequence. The advance proved TO
be of short duration, however, Ameri-
can refiners having since WITHDRAWN
from the market, and an easier tone
now prevails. The chances of any pro-
nounced Improvement in prices in this
country are necessarily diminished by
the transactions above outlined, since
Ii is apparent that retiners can freely
enter the European market when de-
sirous OF so doing, and replenish stocks
ar will On the other hand, the pros
poets of legislation TO admit Cuban SUI
CARS at a lower rate of duty, While
not likely to pass before the end of,
January. or some time in February, ac-
Cording to present indications, are new
ertheless So favorable as to give pro-
ducers there a strong inducement To
hold back their sugars until prefer
entail duty becomes law. The limited
Offering resulting therefrom tends to
keep prices steady, and the market for
raws, according 10 latest mail adViceS
from New York under date of 10Th in
slant is quiet and strong at current
quotations. Refined is in moderate de-
mand, buyers showing no inclination
to make purchases in advance of cur
rent requirements.
Duty on Philippine Sugar-The tariff
bill presented by the ways and means
committee of the House of RepreSen-
tatives, covering trade between the
Philippine Islands and the United
States, framed in accordance with the
desires of the administration, passed
the house the 18th instant by vote of
1913 TO 12S. BY the provisions of this |
bill the Dingley rates on goods enter |
ing the United States from the Philip |
pines are imposed, as well as the rates |
established by the Philippine commits |
sion on goods entering the Philippines /
from the United States. 1t also pro /
vides for collection OF tonnage taxes on |
States and the Philippines, and that |
foreign vessels may ply between these |
ports until January !. 1905. The duties !
and taxes collected under the provi-
sions Of the bill shall go into the Phil
iTpine treasury 10 be expended for the
use and benefit of the Islands.
Latest Statistical PoSition-Willett
& Gray report December 18th. United
states four ports, in all hands. esti-
mated December 18th, 1850 tons
aSainst $3.50 tons same date last year
Six principal ports of Cuba. estimated
December 10th, 2S,000 tons, against $50
tons corresponding period last year.
Total stock in all principal countries.
by cable December 18th. at latest IN
even dates, 1.937, $50 tons against l.
5OG0H tons; increase over last year,
i37,5O9 tons.