The Honolulu republican. [volume] (Honolulu, T.H.) 1900-1902, 1901-02-19

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Similar advances were made for
export. price today for Nevada, Idaho
Alaska and Hawaiian Islands being
5.50c for Dry Granulated
BASIS:-Our latest sugar telegram
from New York received this date is
as follows:
Sale reported yesterday should have
been ACC. Cost and freight sale to
day 800 tons equivalent in long price
IA. Beets unchanged; graduated
unchanged. This figure consequently
establishes basis for Sc deg. Centrifu-
gals in New York on this date 4.25c.
San Francisco 3.S75c.
STOCK:-Willett & Gray-report
January 31st total stock U. S. Four
ports in all hands estimated January
30th $685. tons against 162,916 tons
same time last year. Six principal
ports Cuba estimated January 29th
1880 tons against $4,000 tons last
year.
Total stock in all principal countries
January 31st at latest uneven dates,
2,020,435 tons against 1861 tons;
increase from last year 64,064 tons
Total sugar crop of the world, estimat-
ed grand total cane and beet sugars
to January oath, 1855, 500 tons against
S,33S,33 tons last year; estimated in
crease in the worlds production l.
047, 40 tons.
EASTERN AND FOREIGN MAR
KETS:-The Eastern market through
out the early part of last month was
dull and spiritless with infrequent
transactions, but distinct improve
ment shortly became manifest and a
firmer feeling prevailed, coincident
with an increased demand from re-
finers followed by corresponding ad-
vance in prices. European Markets
under the stimulus of better news
from America and the interruption of
River navigation on the Continent by
frost rallied for time from their for
mer inactivity, but with increased sup
plies from Cuba, where previously Of
ferings had been extremely light, quo
tations again declined both in Europe
and America, and while latest mail re-
ports indicate a slightly hardening
tendency abroad and quiet market,
business has been trans
acted in the New York market for SUI
CARS afloat and for shipment on basis |
of IA for So deg. Centrifugals, in
spite of disinclinalion on the part of |
holders of Cuba sugars to submit to
the decline in prices.
The statistical situation in various |
parts of the world shows slight vari- |
atoms over our preceding report. and |
the only marked change appears to be
in Cuba where grinding is proceeding |
In Louisiana the stocks |
are well nigh exhausted and sales of
beets and Cuba sugars are reported.
Javas have been offered freely in New
York but buyers there are indifferent. |
although China, Japan and India are
willing purchasers. and this |
increased demand from the East may
more than neutralize the effect OF the |
increased production for the current |
year. Experts are apparently justified
in predicting a lower range of prices
in the sugar markets of the world in |
of the increased estf
mates for 1901, but many contend, in
view of the demand from Eastern
Countries and the deficit that existed |
at the commencement of the year, |
that in all likelihood the lowest level |
IN prices has already been reached
DUTIES on SUGAR FROM CUBA |
AND WEST TNDfES.-Producers in |
Cuba have sent petition TO the Presi-
lent urging a reduction in duties on /
Cuba sugars imported into the United |
States. In his annual message Of 1899 /
he President recommended that Cuba /
products be admitted on as favorable |
.erms as those of the West indies. but |
anless there should be an extra ses-
ion of Congress. we doubt IL this ques-
Jon win come up before the next reg
rlar session in December next
CHARTERS.-Rates have declined |
since our last and few transactions |
have taken place, last sailing ship |
,s.s orders. but several steamers |
have been closed at 37.s snd others |
sre offering at same rate A similar
tate of afIAirs exists at Portland and |
Rain has continued through
,ut the state and ct this writing there |
a