The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1902-08-09
SUGAR

Williams, Dimond & Co.'S sugar mar
ket letter under date of San Francis
co, August /, says
Basis: June 18th sale A. s. r. Co. $50
tons at sac; June 30th, no sales; July
list. Ito arrive" sale 1900 tons at 5-l6c;
End. spot sale 1000 tons at 3-Sc, and on
same date cost and freight sale Zoo
tons at 3.37c; 3rd, cost and freight sale
1000 tons at 3.37C, and on same date TO
arrive" sale 500 tons at 3-Sc; 18th, cost
and freight sale 600 tons at 3.3lc; Sth
to 18th, no sales; 18th, spot sale 800 tons
at 5-16c; 18th, spot sale 1900 tons at
5-16C; 10th, cost and freight sale 100
tons at 3.3lc; nth, no sales; 18th, cost
and freight sale 500 tons at 3.32ci 18th
and 21st, no sales; END spot sale 1000
tons at 3-Sc; 23rd, spot sale 1000 tons
at S-Sc., and on same date cost and
freight sale 1900 tons at 3.3Sc, since
which no sales, establishing basis for
| SO degree Centrifugals in New York on
that day, 3.3l75c, san Francisco 3.OO25c.
Sugar Telegram: Now at hand dated
! New York, Aug. l, 1902 reads:
Cost and Freight Sale 800 tons equi-
valent in long price to 3.3Sc, Granulat-
ed unchanged; Beets unchanged Con-
sequently basis for 80 degree Centrifu-
gals in New York LIST inst established
by transactions recorded above is 3.3Sci
San Francisco, 3OO5c.
London cable: July Goth quotes Java
No. 10 d. 5. ~; Fair Refining, s.;
same date last year 10 lO1a and re-
! spectively. August Beets ll2 against
3 3A corresponding period last year.
! Latest Statistical Position: Willett q
Gray report July oath, T.. 5. for four
ports i'm all hands estimated July 2Srd,
| 129, 563 tons against 2I36l9 tons same
| date last year. Six ports Cuba estimat-
! ed July 22nd, $4,000 tons against ll4,5OO
| tons corresponding period last year.
! United Kingdom estimated July 18th,
! 19l, coo tons against 0l4 tons same
date last year. Total stock in all prin-
| cipal countries by cable July oath at
! latest uneven dates, :, 43j, 46S tons
| against l ,43l 1913 tons; increase over last
year l,004, lOo tons. Sugar crops of the
world estimated grand total Cane and
| Beet Sugar, 1854, 256 tons against g.
6iS,3lS tons same date last year; esti-
mated increase in the worlds produc-
! ton / 1885, 93S tons.
Eastern and Foreign Markets: The
! depression in the Raw Sugar Market,
noted in our last circular, was shortly
| dissipated, changed conditions in Cuba
| contributing in largo measure TO bring
about a more hopeful feeling. Refiners
! having reduced their holdings in the
Island materially, and the pressure to
cell previously eXerted by planters fl
nancially overburdened having been re-
moved, it became apparent that the
| balance of the unsold crop available for
| export, estimated to be not more than
100000 to 100000 tons sugar, besides be-
ing strongly held could be absorbed
without difficulty the more so since
stocks in the United States are upon
| an exceedingly reduced scale for this
season of the year with heavy consum-
ing months ahead.
On the other hand the demand for
Refined throughout the period now un-
der consideration being for the most
part disappointing, a quiet and feature
less market succeeded until latterly
a brisk demand having set in, refiners
entered the market in order to replen-
ish stocks and purchased freely all SUI
gars offered on the spot or near by.
The resultant effect was shown in a
slightly higher range of prices, and the
Raw Sugar Market closes strong, tone
and tendency favoring sellers, accord
ing to latest mail advices from New
York under date of the Goth ult.
European Beets have huctuated with
in narrow limits, but an improvement
is now manifest, and it is held in some
quarters that the lowest level in prices
has been reached. Reports indicate that
the weather in Europe is generally fav-
orable for the growing crop. but never
theless the belief is prevalent that SOW
ings viii show a decrease. Greater ac-
tivity has been displayed in Javas, the