The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-01-24
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SUGAR
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- HE condition of the sugar market
is thus set forth in the letter of
Williams Dimond & Co to their
local correspondents:
Sugar-Prices In the local market
have since declined twenty-five points.
J Western Sugar Refining Company's
latest list for California. Oregon and
Washington. dated December Gath, be-
ing as follows:
| Dominos. half barrels, $500: boxes.
$3.50. ia
cubes (A). crushed and fine crushed.
5.05c.
Powdered. 4.9oc.
| Candy, granulated, 4.90c.
| Dry graduated, fine, 4.S0c.
Dry graduated, coarse. 4.S0c.
| Fruit granulated. 4.S0c.
Beet, granulated QoO-pound bags
only, 4.70c.
| Confectioners' A, 4 Soc
| Magnolia A, .40c.
Extra c, 4.30c
| Golden c, 420c.
| I'D" Sugar, 4.10c.
| A similar reduction was made for ex-
| port, the last, December oath, quoting
| dry granulated, 4 55c for Arizona, Ne
vada, Alaska, Idaho, Utah, Wyoming,
New Mexico, Montana and Hawaiian
Territory.
Basis-December 18th to 18th, no
sales; December goth (not reported till
23dl, spot sale 1000 tons at 311-16c;
December 21st (not reported till 23d),
| spot sale 1000 tons at 1850; Deem
Der. 23d to 26th, no sales; December
9th, to arrive sale $50 tons at $3.50;
December 2Sth to January 9th, no sales;
January 18th, spot sale LOO tons at
9-16c; January Sth to 14th no sales;
January 18th, spot sale 1000 tons at
3ssc. establishing basis for 96-degree
centrifugals in New York. this date
I3.375c; san Francisco, &c.
New York acknowledgements nth
the Howell Refinery and Messrs. Ar
bnckle Brothers reduced price ten
points over previous quotation of 4. 15c,
equivalent to 4 Csc net cash. still main
tanned by the American Sugar Refining
Company. December 21st the Howell
Refinery and Messrs. ArbuclSle Broth
; ers again reduced prices five points to
4 60c, equivalent to 4.51c net cash. the
American Sugar Refining Company
continuing however, to hold prices at
the old list but on December 23d still
further reductions were announced by
all refinerieS, establishing q price of
As soc, equivalent to 4.41c net cash. This
iquotation continued in force until De-
cember 9th, on which day an advance
of ten points took place. No further
change until January 18th, on which
day prices were again reduced ten
points, establishing final quotation of
4.5Oc equivalent to Ale net cash.
London Beets-December 18th, IS
l1hc; December 10th, Is; December 18th,
rs I'D; December 18th and 10Th, rs;
December goth, 6s 19%d; Decenn Der 21st
6s Sd; December 23d, 6s 9Ad; December
oath to 26th, 6s Cd; December 27th, 6s
T1ad; December 2Sth, 6s SIC; December
goth to January 4th. IS Cd January
10Th, SIS SID; January 7th and Sth. Is
lea. &C. n. Toy 10tb
6s SID; 18th to 18th, Is 41kd.
London Cable-January 10th, quotes
Java No. is d. s., SIS Sd; fair refining
Is Sd; same date last year, lis Sd ano
los Cd. respectively. January beets. s:
Sid, against 9s AID corresponding pc
Rod last year. February beets, Is Cd
against SIS SID same date last year.
Stock-Willett & Gray report, Jan
uary 9th. United States four ports. il
all hands. estimated January Sth, 123,
1901 tons, against Sc 100 tons same dat
last year. Six ports Cuba, estimated
January 9TH, SO 000 tons, against IL, rs
tons corresponding period last year
Total stock in all principal countries
by cable January 9th, at latest u1evel
dates,SIl2 Sol 9O1 tons, against 2,3Io. q
toris;.. icrease over last year, $50 II Il
tons Sugar crops of the world est
n mated January 2d. grand total can
ard beet sugar, 10,710,000 tons. aga1ns
964S2 tons corresponding period las
year; estimated increase in the world
production, 1,061757 tons.
/, Eastern and Foreign Markets-Th
d raw sugar market has suffered sue
cessive reductions in price Throughout
the period now in review. Buyers ar
withdrawn for the most part from tn
market and weakness is manifest,
dull tone prevailing at the close, &C
cordiug to latest mail advices from
: New York under date of the 10Th in
, slant In Europe, likewise, the declin
in beets, while proportionately not S
| great as in cane sugars In this coun
try has nevertheless continued, culmi
mating in the present low price of 8
4Kd.
The new year oper ed with a trennend
Gus quantity of surplus sugar in sigh
for it's consumption, and prices ar
necessarily depressed in consequence
: Mr. LIGHT has again raised his estimat
of the European beet sugar productio
to 671o,O00 tons. and it is even though
in some quarters that these figure
will again be enlarged. Reports fror
e Java and Cuba are indicative of larg
supplies and it appears probable fror
the information now at hand that
low range of prices will preva
throughout the coming campaign. tn
situation being complicated howeve
by the uncertainty as regards tn
course which Congressional legislatio
affecting Cuban interests may tak'
Latest reports reveal the posSi bility c
q reduction in duties on Cuban suga
Sof say, % per cent, and we learn tina
:, the ways and means committee of tn
II United States Senate has already com
II nerced to devote it's time to hearing
II on the question of Cuban reciprocit!
II Advices from there are to the effet
k that seventy-fCur sugar estates are &
work, against seVenty-one al this tim
7 last year, but shipments have so f.
| been inconsiderable, planters preferrln
| TO await further Developments in cor
1 nection with preferential duties, tn
! accumulation of sugar apparently nc
/ having been sufficient as yet to accer
. tuate the desire to effect sales. In cor
, trast, however. to the present fnactiE
J ity on the part of holders Of Cuba