The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1902-12-15
BRIGHT SUGAR SITUATION

Advces received by the zeaanda the effect that the
price of sugar No details of the transaction
that fixed the price are given.
Williams Dimond Company, date of San Francisco
December s. say of the basis and price of raw sugar
Nov 9TH to It sales 18TH cost and freight sale 5000 tons
36o5c, and date spot sale 1I6c 9Th
10TH sales 2oth and freight sale $50 38Ic
date and freight sale $500 tons $780, and
and again date spot 900 3I6c Nov
Dec end sales 3rd and freight sale 1890 1856
which sales establishing basis for 90 Centrugas in
New York on that date $3.50. San Francisco, $3.50.
New York Refned-Quotaton 44oc. equivalent 431c net
established Nov 5h continued in force until Nov h on
which date reduction of ten points occurred establishing price
of AGO. equivalent cash. This figure prevailed
til Nov 18TH on which day corresponding advance OF ten points
took place followed by similar advance Nov 2ot and again
Nov and finally Dec 3d establishing the close of
4.7oc, equivalent to 4.6oc net cash
London Beets-Nov 7t Is. 6d Sh IS 54d 10th and nth,
Is. 43d 18TH Is 3D. I3h 7 3D. 18th I7th 63d 18th, Is
I'D; 10TH 3D. Goth 22nd 7 Old; 24h Is Cd; 25h Is
Old; 26t Is 3D. 18th Dec 1old; end Is I4d 3d,
London Cable-Nov 29h quotes Java No. IS D. S 9s 4@d,
Fair Refining S. 6d date last S. 1od and Iod
respectively December BeeS Io4d against 7s 3d.
ponding period last year.
Latest Statistical Positon-Wile & Gray report u S.
ports all hands estimated Nov. 26th 1887 against 49,
last year. Six ports Cuba estimated Nov
255oo tons against 4oo3I tons corresponding period last
year. United Kingdom estimated Nov. Goth, 10000 tons
against 788S date last year Total stock in all the
principal countries by cable Nov 27h latest uneven dates
I9742 tons against 43539 TONS increase over last year $780,
Sugar crops of the word-toa sugar production
W G. esmate 3742ooo against $685. 10 tons previous
campaign European Beet Sugar production ich $4,000
against 688o38 year. United States Beet Sugar
production (W g. 100000 tons against o3 20 tons last cam
pagn Grand total and beet 9660ooo tons against
o868o estimated decrease in the worlds production J.
23o68o
Eastern and Foreign NIarkets-The improvement Raws
report has continued without interruption
throughout the period under consideration while the compare
lively light offerings quickly absorbed have been feature of the
situation full of interest The closes strong, with ndca
of still further advance the future according to
latest mail advices from New York under date goth
estimate the European beet crop for 1923
$4,000 against o80oo tons last year and oo4o5o
SANFRANCISCO December 4-Ths morning notices
grocers OF this city that the price OF had been adj
vanced 40 points by the rehners
will every grade of and the high jump
the price of the commodity matter OF wonderment to the
grocers to whom it came as surprise making
the retail scale OF prices meet the situation and sugar sold
to the consumer will go up proportionatey
The rise unexpected and ueNpanabe to the
the people, has caused considerable discussion
among the public large To the minds OF many seemed to
be nothing short OF political move intended to affect the Cuban
reciprocity treaty To those who familiar with the details OF
the however it only result OF certain tar reaching
Samuel Susman of Sussman Wormser Company,
said when asked explain the condition of affairs
The primary OF the rise of the short OF beet
sugar Europe which in Germany alone estimated to amount
OF sugar all the world particularly Germany, which
present controlling factor establishing the val
of sugar The rise of today higher Hamburg
and in London than the United States. America is still
compelled to draw good portion of her supply from Europe
The refne have this advance and in order to get out
they necessarily have advance the OF the refined
t and the present advance of the refined their profit
is very insignificant The prices that have been ruling
to about sixty days ago Tor the raw article have been the lowest
existing and far below the cost of production Only few
favored sections the United States could produce nted
titles of beet the ruling without suffering material
loss All the other producers either in Cuba the Hawaiian ISL
ands elsewhere worked under great disadvantages compelling
them go heavily in debt and carrying load of debt which
if continued would have compelled them all to go into bank
ruptcy.
This therefore natural therefore ushabe
carrying within itself every element of permanently unless the
disturbing elements not foreseen should interfere
The of the advance, far neither
political they owing any combinations between rehn-
They simply based the natural law OF supply and de-
mand and on nothing else
SAN FRANCISCO December 6-The demand for Sugar
Stocks assuming large proportions in fact there acv
ity than for many months past Makawe quite favor
lite yesterday and although selling high the
ing closed $50 Hawaiian Commercial sold up $54 and
then eased off $48 the close Hutchinson also eased
off little, closing at ST.. So The lower CURES not
carried by actual weakness the OF forcing
cac l LII L. LIZ n FL 100000 laa