The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-12-05

being held at about a shilling above
the present quotations
: The high prices may result disas-
trously however, for the rate now being
reached will mean a profit to European
beet growers even if the bounties are
withdrawn. This may stimulate SOW
ing and mean crop much beyond the
estimates.
are the greatest gamers. They had
four ships cut with sugar when the adj
vance came, the total of the cargoes
being in the neighborhood of II, 900 tons.
The Tillie Starbuck got in in time to
get 3.69125,> while the Hawaiian Isles
was able to land it's cargo at 3.S1417,
while the Dirigo has been sighted and
the, Bangalore is still out, so that their
cargoes will come in under the ad-
vanced rates. The market is reported
stiffened also by the fact that a cargo
recently arrived in New York was
stored for better rates.
Shipments by sail around the Horn
have more than paid, for the saving in
freight was 81 over steam, and at the
same time the advance received on the
delayed sugar is in the region of 50 a
ton
SAN FRANCISCO REPORTS.
Williams, Dimond & Company. writ
ing to F. A Schaefer & Co., under date
of November 26th, say this of the sugar
outlook:
We last had this pleasure 25th inst.
per Hongkong Maru.
SUGAR-No changes have since oc-
CURED in the local market or for ex-
port, prices established 21st inst, still
being in force.
BASIS-No sales since last advices;
consequently basis for So deg centrifu-
gals in New York, established by
transactions recorded goth inst, re-
mains at '3S14c. San Francisco, S.439c
LONDON BETS November 18th,
rs. 9s,d.; 18th, rs. Cd.
NEW YORK REFINED-No change
cash, established 21st inst, still pre-
walls.
LONDON CABLE = November 21st
Refining, IS. 3D., against 9s 102d
same date last year. December Beets,
IS. 101ad., against Is. SID, correspond
ing period last year.
EASTERN, AND FOREIGN MAR
KETS The Raw Sugar market is
steady and strong, according to latest
mail advices from New York under
date of the 21st inst, with buyers al
the current quotations, but with few
sugars offering. Supplies have arrived
on the market in inconsiderable guam
ties, although at the close further sales
of Java sugars to arrive, are reported
hut evidently the transactions are not
of sufficient magnitude to change the
situation, an upward tendency being
observable, accumulated doubtless by
reports from Europe of unreasonable
weather conditions. Mr.. LIGHT has re-
duced his estimate of the beet crop by
$4,000 tons, leaving it at 5,725,0O0 tons
Further notifications in the estimate
may be looked for later, should the
causes contributing to a diminution OF
the output continue. Stocks in Cuba
are diminishing. Refined is. strong, and
better feeling manifest. We under
stand the California Beet Granulated
arriving at New York is still unsold-
LATEST STATISTICAL POSITION
-Willett & Gray report November 10th
L. s four ports, in all hands, estimat-
ed November 18th, 1S3.154 tons, against
163, 1874 tons same date last year. Six
ports Cuba, as per estimate November
18Th. II 900 tons against 1874 tons cor
responding period last year. United
Kingdom, estimated November 18th
III 900 tons against 1885 tons, in 1901
Total stock in all the principal coun-
tries by cable November goth at latest
uneven dates, 1,473.154 tons against
992, 403 tons; increase over last year
49, ISL tons
C. Czarnikow & Co. of New York
under date of November u, say:
The market for raw sugar has beer
excited and active and shows a greater
advance in the week than has been
seen in the same period for some time
The causes which have brought about
this advance have been the scarcity OF