The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1902-06-03
SUGAR


] INV WIKI
MuHent F1ra declined ~. rrnififuFais
nNhnnrsi Refined declined oie BE-
each quotations au Nuscovsduf
latitr. t.innfusals tof formulated.
tttU Urrflpis 1t.eti tone MELTING.
i.Ha toms Total stock On fnuf pofis
Ii.U.is tons. AGAINST 1871 tons last
Wn'k ana go esa tone last year Beet
SUGAR quotation. q q. b, Hamburg. ~
fI.1 iar rNI fof "a deeroe analysis,
,qut to $500 Tor 20 dcgree trsi C,nirlf.
urhIs ri New York FRET marks Ger.
iuau Graduated r o. b., Hamburg "a
i8' q. equal sltc New York. duty paid.
ESTIMATED afoats 60 the United
states from cuba and the West Indies,
gi 900 tons. Jayas. 10000. Hawaii. % 900
tome. Europe, % 600 tone Peru, Dcmcr-
ara. 'ic.. $1,000 tons, total. 10000 tons
/ against $4,000 tons last year
Spot Foreign Granulated-T de-
mand Is light aud the supply moderate
Fine Austrian. .50c asked. For import
Dutch GRADUATED. prompt shipment es
ca. G.. aud r Fine Austrian Granulat-
"a flr prompt shipment. D., e. and T.
] THIS weeks summary Of the statisti-
cal position shows stocks in the United
] states and cuba together 81 5612lS
tons, against 56Gi77 tons last week and
l 292.3 800 tons last year. an Increase Of
/ l67,S52 tons over last year
! STATISTICS by SPECIAL CABLES
! Cuba-The six principal ports: Re
] ccipts, 10000 tons. exports, $500 tons;
Z stock 10000 tons, against iS2,7H tons
! last year Ninety ocntrals grinding
against q last year
! Europe-Stocks in Europe, 2.i75, 900
tons against ,633. sos tons last year
Total stocks Of Europe and America,
| $685.. 2lS tons, against 2035. 964 tons last
year at the same uneven dates and
| z, 1924 1923 tons at the even date OF April
| !, 1902. The excess OF stock IN l,006. 254
tons, against an excess Of 95b,04s tons
/ last week, and an excess Of $50, Gs2 tons
January /. 1902.
, Hamburg-Five thousand tons raw
and refined sugar shipped TO America.
No engagements. Shipments include
! 1000 tons refined.
RAwS.
Following the weakness noted at the
close of last weeks review, Muscovados
have been sold at nc reduction. the
supply OF these sugars on the market
being larger than the demand. while for
| Centrifugals the quotation has remain
ed nominally unchanged at 3i1c for 9G
degree test basis, but Lice less than
| this quotation would have to be taken
on spot. The European markets have
come into a very quiet state. the fuc-
/
up and down. This condition In Europe
IL simply because the contract account
for May having been disposed OF. OPP
| orators have became apathetic, but are.
at the same time, watching closely ev-
| cry feature and circumstance likely to
have bearing on the future Of the
market Buyers and sellers here. on
the contrary, are entirely Indifferent to
prevailing conditions or what may
tTlngnir,4 l9puttGa ihalr "a N iat " ga Il
ing the Cuban situation so long drawn
out has finally developed into a feeling
OF Indifference as to whatever the out
come may be. Congress Is making alb
sOlutely no progress and, in the mean
time, Cuban planters are parting with
more and more OF their crops and have
daily less on hand to receive benefits
from. The situation is discouraging in
the extreme Sales We're made yester-
day of Demerara Contrifugals for June
/ shipment, basis OF 3iac for sc degrees
test.
The first sale OF new crop Java sug-
airs has been made, for arrival next
fan, at equal to 3 9-l6c for SO degrees
test. This gives no indication that any
| better prices can be looked for for cane
sugars unless the beet sowings of
Europe are much more largely reduced
than at present indicated. The esti-
mate of to II per cent reduction in
sowings is absolutely of no promised
advantage to the value of sugar. A
much larger reduction than this must
be made If any Improvement Is to be
expected. The main features having
. influence on the sugar prospects at this
time are the sowings of the beet crop
and the open question of n concession
IN duties to the Cuban planters, as well
as The uncertainty attending the con-
iirmation by the several European gov
ernments of the decision of the Brus-
sells Conference. All these are very
important matters likely to cause more
or less disturbance in the sugar mar
kets of the world. during the coming
months. There appears to be nothing,
however, in any one of these features
10 warrant the expectation of any
marked improvement in the general
| situation.
| Receipts for the week have been 25,-
Oil tons, or about 5000 tons less than the
requirements for MEETINGS, which caus-
es slightly firmer feeling for raws at
the close. There still roma in in Cuba
10000 tons OF sugar of the present crop
against Is2,704 tons at same time last
year. which shows to what extent the
planters are able to withhold their SUI
gars from the market. Grinding Is
gradually coming to an end in Cuba, 10
centrals having stopped during the
present week ana ltaNlnE only W sui
at work. The Inauguration of the new
President of Cuba. on the 20th inst, for
which event a general holiday is to be
taken throughout the island, will no
doubt bring many more centrals to a
close ard final estimates of the crop
can begin to be forecast with better
accuracy.
REFINED.
| There is n general decline OF &c per
100 lbs. from last weeks quotation and
this concession has led to a rather i'm
proved business, although not to the
extent that might well be expected at
This season. Refners guarantee prices
to arrive as before. Crops of small
berries are large and arriving freely in
the market beginning with strawbG-
ries. which always increase the con-
sumption of sugar and add to the de-
mand. The demand should be sufficient
from now on to maintain prices at
present level unless raws further de-
cline.
/ COFFEE.
! Whatever may be the true reason for