The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1902-06-20
JAMES H. BOYD.
SUGAR

E>>S>c>SSSScSSc<<SS> >SSSSS>>1SS<SSSSSSs
Suear-Raw, firm; fair refining, &c;
centrifugal, SO test, 3l-2c; molasses
sugar. 2&c; refined, quiet.
SUGAR PRICES ADVANCED.
NEW YORK. June 9.-All grades of
refined sugar were advanced five points
today.
TRUST PRESIDENTS DENIAL.
NEW YORK, June l0.-Henry L.
Havemeyer, president of the American
Sugar Refining Company. denied today
a report that his company had obtained
preponderating interest in the beet
sugar industry in this country. The re-
port had II that Havemeyer had pur-
chased the controlhn6 interest in sew
eral beet sugar factories in the West
and Northwest When this was called
TO his attention he said:
TT Is not my intention to tell the
public, or the newspapers, the busi-
ness affairs OF the company. That re-
port about buying beet sugar interests
was only printed in the hope of urging
an avowal from me. All ! will say is
that any statement TO the effect that
the American Sugar Refining Company
has a preponderating interest in the
beet sugar industry is utterly untrue
1T is stated that you have purchased
controlling interest in five beet sugar
factories in the West"
THAT is entirely untrue, too" Have
meyer said.
FROM WILLIAMS. DIMOND.
San Francisco, June IL, 1902.
Messrs. f. A. Schsefer & Co, Honolu'
| lu, II. r.
/ Dear Sirs:
| We last addressed you 9Th inst. pei
America Naru.
! Sugar-No changes have since occur
| red in the local market or for export
/ prices established March still beinl
/ In force.
Basis-June s mot reported until 6th)
cost and freight sale $50 tons at 3.47c
/ 9th, ito arrive" sale, 1000 tons at 3Rc
| eth, no sales; 9th. spot sale. 1000 tom
at 3kc 10th, ITO arrive" sale, 500 tom
at 3kc. Established basis for SO pc
] cent centrifugals in New York on tina
date. 3.5Oc; San Francisco, 3.l25c. Sine
that date, no sales.
New York Refined-Price 4.50; equiv
alent to 4.4lc net cash, established l2tl
] ult, continued in force until 9th inst.
on which day an advance of five point
occurred, establishing a price of Assoc
| equivalent to i.46 net cash; since tina
date no further change has been re
ported
London beets-June 6, Gs 1Iad; 9TH. G
24d; 9th, Is Sd; 10th, Gs 3ad; 18th
6s Sd.
London Cable-June quotes Jaw
No. Is d. S., So; fair refining, IS Cd
same date last year, lis Cd and JOS g.
respectively; July beets. 6s 3Ad
against 9s SID corresponding perio
last year.
Eastern and Foreign Markets-Indi
cations point to renewed strength an
activity in the raw sugar market &C
cording to latest mail advices fror
New York under date of 9Th inst. A
Improvement Is likewise manifest 4
European beets. Referring to cable ad
vices transmitted per America Mari
to the effect that Germany had rati
fed the Brussels convention. there
a probability that the dispatch ma
have referred only to the action of tn
sugar committee. since II is not ye
definitely stated that the Reichstag ha
as whole passed upon and ratified tn
Brussels agreement, although 1t Is no'
generally thought that 1t will do so. I
any event. the action Of other interes,
ed countries will no doubt be largel
Influenced by the decision made 1
Germany. Refined Is now in good de
mand and there are delays in ship
ments; the market closes strong wit
an upward tendency.
Latest Statistical Position-Willett
Gray report Y. s.. four ports in a
hands. estimated June 4, 1856 ton,
against 236,so2 tons same date las
year. Six ports Cuba, estimated Jun
3. 443,500 tons. against $4,000 tons COZ
responding period last year. Toti
stock in all principal countries. by ca
bic June 3, at latest uneven date
3,ol9,l56 tons. against 2.06l.6 tons; in
crease over last year. s57,5l6 tom
Yours faithfully,
WILLIAMS. DIMoND e. co.