The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1902-06-06
SUGAR
WILLIAMS. DIMoNp & co. REPORT

spondents, dated May 20 ana received
1 by the Coptic, is ar follows:
Sugar-No changes have since oc-
CURED in the local market or for ex-
port, prices established March 9Th still
being in force.
Basis-Aprii % to 2s, no sales; 20,
spot sale OF 1000 tons at 7-l5c and on
same date cost and freight sale 1900
tons at 3.44c; 80, ito arrive" sale 500
! tons at 3 7-l6c; May /, spot sale POO
tons at 3kc 2, spot sale POO tons at
3l2c; 3. cost and freight sale 1000 tons
at 3hc; and 6. no sales; Z, spot sale
1000 tons at SIC: and on same date cost
and freight sale 500 tons at 3.5lc; 8.
spot sale 1000 tons at 3l9c; Q, spot sale
500 tons at 3hc; TO- no sales; IL, ITO ar
. rive" sale 700 tons at aye; IL and 10. no
sales; l6, cost and freight sale 1900
/ tons at 3.435c; and on same date, Ito
arrive" sale $500 tons at 3 7-l6c; II. spot
sale 2200 tons at 3 1896: 10 and 20, no
sales; q. spot sale 1900 tons at 7-16c;
%, SPOT sale $50 tons at 7-l6c; %. spot
sale 700 tons at 7-16c; "a. cost and
freight sale 1000 tons at 3.44c: and on
same date spot sale 600 tons at 7-16c;
establishing basis for &c degree Centrif-
. ugals in New York cath inst. 3.439c; San
Francisco. 3.064c.
New York Standardization of 4.60c
equivalent TO 4.50c net cash. establish
Gu ADIll lflil, tpUllIlutu III lbIft unlil
April 2Sth on which day reduction
of five points took place. establishing
a price of 4.55c equivalent to ACC net
cash. This figure prevailed until May
-. on which date "A further reduction
of five points occurred. establishing a
price of Assoc equivalent to 4.4lc net
cash: since that time no further change
has been reported.
I London Beets-April 20, 6s; "a, rs lid;
% and 26 6s I'D; 2S and 20. Is 2Ad;
80 to May 2. Gs 3D.; 3, 6s AID; 3, 6s 1hd;
and Z, 6s 3Td; S and Q, 6s 4Iad 10, Is
/ sad; II and 10, Is 4lad Il. 6s Sad; Is,
SIS AID; 49, IS 3Ad; II, 6s 4lad; 10, holi-
day; 20, Gs 41Ad; p. Is 3Ad; %, 6s 2hd;
49, IS Sd; "a Gs 2hd.
London Cable-May 90. quotes Java
No. Is ID. s., So; fair refining 6s Cd :;
same date last year, lis I'd and los Sd
respectively. June Beets 6s 4iad,
against 9s 7lad corresponding period
last year.
Sugar Telegram-Just at hand dated
New York, May &C. 1902, reads
Cost and freight sale 300 tons equiv
alent in long price to 3.i35c. Granulat-
ed unchanged; Beets, 6s I'D.
Consequently basis for 90 degrees
Centrifugals in New York Goth inst.
established by transaction recorded
above is 3i35c, San Francisco 3.06c.
Latest Statistical Position--Wilett&
Gray report May 49, L. S. four ports in
all hands estimated May II, 121, 2lS tons
against 2l6,662 tons same date last
year. Six ports Cuba estimated May
l3. 1000 tons, against 1872 O4 tons cor
responding period last year. Total
stock in all principal countries by ca
bic May Is at latest uneven dates, 3
042,2lS tons, against 2,035, 96i tons; in
crease over last year, 1.O06,254 tons.
Eastern and Foreign Markets-The
progress of events in the Raw Sugar
market throughout the period now UNI
der review, reflects in a degree the
conditions previously prevailing as out
lined i'm our report of April 90 1902. At
first an improvement in prices was
manifest while the strength and firm
ness observable in the market augured
well for the future. Buyers views hav-
ing undergone a change. however, due
doubtless in part to the disappointing
demand for Refined, less favorable
conditions succeeded and easier prices
prevailed consequent upon the disin-
clination of retiners to accumulate
stocks. Recently offerings becoming
lighter a slight upward movement was
discernible. but latest mail reports
from New York under date of the 22nd
inst, indicate practically unchanged
conditions, which appear to be borne
- out by Geographic advlc,s since re-
CeiVCd.
In Europe, where prices have been
fairly we'll maintained with slight
Illustrations, although weakening at the
close interest Is centered in the esti-
mates OF Mr.. LIGHT and others OF the
probable decrease in beet sowings. The
belief is now prevalent that the reduc-
ton will range from 10 To II per cent,
smaller figures having first been pub
lished by Mr.. LIGHT, as compared with
last year for all Europe. The above
estimates are not sufficient, however,
10 hold out much hope for any perma-
nent Improvement later on in the val
ues of beet sugars. Reports indicate
/, that while the Brussels Convention bill
, has met with opposition in certain
quarters. particularly in the Berlin
parliament, the probabilities are that
its recommendations will eventually be
generally ratified by the respective gov
ernments.
Under the stimulus of a decline I'm
prices greater activity was aroused in
the Refined sugar market for a limit
ed period, but latterly conditions have
been most disappointing to the trade,
particularly at this season OF the year
when consumption usually proceeds
vigorously. 1t is thought that the de-
cline on the 18th was agreed upon by
reiiners in order to check importations
of foreign Refined.
The Cuban reciprocity bill Is still I'M
der consideration in the Senate. and at
, ms writing the prospects of the pas
sage OF the measure are apparently as
, remote as when first introduced. In
the meanwhile the life OF the present
q Congress is rapidly drawing to a close
: and variety OF other measures still
demand attention. Cuban planters te-
: naciously hold on to their sugars in the
: hopes OF the ultimate passage of a bill
I favorable to their interests. although
: Indications are not wanting that owing
to their increasing financial burdens
planters are weakening to a consider
able extent.