The Hawaiian gazette., 1902-12-05

30
With the quotations noted above from
the circular of Czarnikow. Macdougall
IL Company of New York and London,
as indicating the general feeling Of
trade concerning the future OF the sug
ar market. and the present substantial
advance in the selling price OF the
/ product. the outlook for the next crop
| from the Islands is excellent.
! Private advices from San Francisco
tell OF the highest price for sugar yet
reached. The telegram dated on the
sailing day OF the Ventura. November
18th. says there was "A sale of 90 CEN
/ trifugals at 3A, an advance OF l-16
over the price recorded in the advices
received by the sugar houses in their
circular letters. This indicates that
the present month will see the high
mark reached, in the neighborhood Of
! four cents and with the conditions OF
the crop prospects in Europe the figure
! chould be maintained during the COM
! ing year.
Since the circular quoted above the
outlook has changed somewhat and all
for the good, from the local point of
J
vember there were heavy frosts in
parts OF Germany which will greatly
reduce the sugar crop and LIGHT has
taken 125,O00 tons from his estimate as
quoted above. This has given a better
feeling all along the line ard Cptimists
are ready to believe that the basis for
the next crop will be better than four
cents. Among the many straws which
q, I'D 10 10 ha m IA i'm %
in futures, on the London market beets
for October-December delivery in 1908,
being held at about a shilling above
the present quotations.
The high prices may result dsas-
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: Withdrawn.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
fig and mean a crop much beyond the
estimates.
or the many shippers Castle &: Cooke
are the greatest gamers. They hac
four ships cut with sugar when the ad.
vance came, the total of the cargoe'
being in the neiFhborhood OF H. 900 tons
The Title Starbuck got in In time t,
get 3G9l25, while the Hawaiian Isles
was able to land it's cargo at 3.S14l7
while the Dirigo has been sighted anc
the BanSalore is still out, so that theil
cargOes will come In under the ad
yinced rates. The market Is reported
stiffened also by the fact that a cargo
recently arrived in New York wa.
stored for better rates.
Shipments by sail around the HorT
have more than paid, for the saving II
freight was 81 over steam, and at thu
same time the advance received on th'
delayed sugar Is in the region of 50 !
ton.
SAN FRANCISCO REPORTS.
Williams, Dimond a. Company. writ
ing to f.. A. Schaefer & Co. under dat
of November Goth. say this OF the suga
outlook:
We last had this pleasure 25th inst
per HouSkong Maru.
SUGAR-No changes have since oc
CURED in the local market or for ex
port. prices established 2lst inst. still
being In force.
BASIS-No sales since last advlces
consequently basis for Sc deg. centrifu
gals in New York, established b,
transactions recorded Goth inst. re
mains at '3.s14c.; San Francisco. 3.439c
LONDON BETS November 18th
~. JHfhsI SUN ~ Jus
NEW YORK REFINED-No change
Quotation 4.6Oc equivalent to 4.50c. ne
.JsIDo.I.I.y.C.I.I.y.I.,.I. l.I.J. l.y.p.S.I.lcc
p lieved that the natives were extremel,
/ hostile to foreigners However, mus
| say ! found them very kind and, To-
a cOOlle class, they are fine people
2 We had Chinese soldiers to accompan.
! MS, but | really don't think we wer,
/ In need of them as protection.
= "The brightest man In the Empir'
b today IN Chung, Director General o
Q Railroads, Telegraphs and other do
! partmeEts. lie is man Of liberia
= Ideas, and viii aid In the development
D OF China under the new stimulus giyel
H. am not sure that Wa Ting Fam
! win accomplish all that he says hl
3 viii, Wa IL not quite as wise as h
"a given credit for, Il Is his Englsl
J education which gives color o. M
= story Of his being the foremost Chi
p nese Of the day | do not think h
4 approaches Chung, and certainly no
: III Hung Chang
"The Americans have the bnst stand
p lnE In China today, notwlihsiaRdinl
/ our exclusion law our action In re
70 gard ~ the Indemnity ana The Invasion
r when Prhing was relieved gave ms
good namo, ana The Chinese are there
r fnre Inclined 90 be very liberal 4
III - IL raHn.