The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1901-08-17
PRESENT SUGAR SITUATION
RAW AND REFINED ARE BOTH
LOWER.
Western Sugar Refinery Company
Keeps up it's Fight on Beet Sugar
Large Yield of California Beet Crop.

Williams, Dmond & Company in their
sugar circular under date of San Fran
cisco, August 9, say: Our latest sugar
telegram dated New York, August g.
1901, at hand this p. m. reads as fol-
lows:
mo sales, graduated unchanged,
beets S-10h" consequently basis for 90
Centrifugals in New York, this date,
remains at 4125c, San Francisco 3.75e.
Our last circular per Sierra was dated
July 5, 1901.
Sugar: Prices in the local market
have since since declined July IL, ten
points, July l3, ten points July Is, .--lrty
points, and August 5 a further decline
of ten points on some grades of sugar
occurred and on others of thirty-five
points. Similar reductions were made
for export, price today for Nevada,
Idaho, Alaska, Hawaiian Islands, Arr
iona, Utah. Wyoming, New Mexico and
Montana being 4.90c 10 graduated.
Basis: July 8, no sales; 9th, cost and
freight sale 700 tons at 4.22c; 10th, cost
and freight sale 700 tons at Also; and
on same date although not reported un-
til July 18th, cost and freight sale $50
tons at 4.22c; 18th to 18th no sales; 18TH
spot sale 900 tons at $500; 18th, to 25th
no sales; Goth, spot sale 1000 tons at
5-32c; 9th, no sales; 10Th, spot sale 1000
tons at 5-32c; 30th, no sales; 31st, cost
and freight sale 600 tons at 5-32c;
August 1, spot sale 1900 tons, 4 $500: I'd,
to 9Th. no sales; 7th spot sale $50 tons al
5-32c: Sth, spot sale 1900 tons at 1-Sc
establishing basis for go Centrifugals
in ew York on that date 4125c, San
Francisco, 3.75c.
New York Refined: No change from
June 18th to July 18th, when a reduction
to 5.3Oc occurred equal to 5.19c net cash.
This quotation continued in force until
August Sd, when a further reduction
to 520c took place equal to 510c net
cash, since which no further change has
been reported
California Beets: Recent reports from
the various factories in this State con-
firm previous advices of a large yield,
the beets being in fine condition. The
successive reductions in the price of the
refined product, instituted by the West
ern Sugar Refining Company in further
ance of their policy of opposition to the
beet sugar interests, have evidently not
deferred the factories in their arrange
ments for harvesting the present crop
now proceeding vigorously.
SAN FRANCISCO, August 5.--After
few weeks of apparent quetness
in the Coast sugar market the war
between the trust and the refiners of
beet sugar is again to assume a more
spirited tone and will evidently be
bitter struggle for supremacy in which
neither side will be willing to call
halt With the opening of today:s mar
ket both wholesalers and retailers will
be somewhat surprised at the sharp cut
in values that the Western Sugar Re-
finery quotes as effective this morning.
from it's list issued July 18th. Prices
for cubes, dominos and crushed sugar
will show drop of thirty-five points,
While for the numerous grades used by
confectioners and for graduated stock
decline of ten points is to be an
nounced.
Since the July tumble in values deal
ers have purchased sugar rather SPAR
ingly, buying but sufficient quantities,
and it is not believed that many of the
jobbers will be heavy losers owing to
large holdings as the majority were of
the opinion that as long as the fight
had been started prices would show fur
Their depreciation before a settlement
would be reached. The present rates
for sugar are lower than they have been
for several years at this season and
many of the well informed handlers an
ticipate still cheaper prices.