The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-11-14
SUGAR
~ MISREPRESENTATION *xMxa

ing to F. A. Schaefer & comnanv nm
der date of November Sth, say of the
sugar and commercial situation:
Sugar No changes have since oc-
CURED in the local market, or for ex-
port, prices established March 5th with
supplementary list of Sept. 18th. still
being in force.
Basis:- Oct 4th to 18th. no sales.
14th, ito arrive" sale $50 tons at SIC;
10Th and 18th, no sales; 18th, cost and
freight sale 2SO0 tons at s.57c.: 18th to
Goth, no sales; 21st. ito arrive sale
55O0 tons at 35sc.; I'D to Nov. lst. no
sales; Sd, spot sale 500 tons at 3ssc.
4th, holiday; 5th, ito arrive" sale 500
tons at 37sc., establishing basis for go
cenrfugals in New York on that date
o.o2ac,, San Francisco. 3.25c.; 9Th, no
sales. y rs
New York Refned:- Quotation 4.5oc.
equivalent to 4.41c. net cash, established
Oct. Sd, continued in force until Nov.
9Th, on which day reduction of ten
points occurred, establishing a price of
4.4Oc., equivalent to 4.31c. net, cash,
since which no change.
London Beets:- Oct. 4th and 9Th. IS:
eth to 14th. Is 11ad; 18th, Is 2Ad; 18th,
rs Sd; 18th and 18th, Is 2Ad; Goth, Is
Sad; 21st and 22d, Is Cd; 3d. rs sgd;
oath. Is Cd; 25th, holiday 27th, Is cd;
18th. Is Sad; 18th and Soth, rs Cd; 31st.
Is 4lad; Nov. 1st and Sd, rs Cd; 5th,
Is 41sd; 9Th, rs AID.
London Cable:- Nov. 1st quotes ia
va No. Is D. s., 9s; fair refining, SIS Sd:
same date last year IS 71sd and rs 71hd
respectively. December beets, rs SID
against rs Sd corresponding period last
year.
Latest Statistical Position willett
Sc Gray report Oct. 30th, U. S. four
ports in all hands estimated Oct. Goth,
164,911 tons against 1S0,399 tons same
date last year. Six ports Cuba esti-
mated Oct. 2Sth, 92,500 tons against
5S,142 tons corresponding period last
year United Kingdom estimated Oct.
I'D, $4,000 tons against 1926 tons
same date last year. Total stock in all
principal countries by cable Oct Goth,
at latest uneven dates, 1,274, AIT tons
against 576,S27 tons; Increase over last
year, 597.650 tons. Sugar crops of the
world: total cane sugar production,
S,726,000 tons against 3,S69,516 tons pre-
vious campaign. European beet sugar
production Gicht), $3.50, 900 tons against
6S43,03S tons last year. United States
beet sugar production (Willett & Gray
estimate), 10000 tons against 1853, 126
tons last campaign. Grand total cane,
and beet sugar, 9,772000 tons against
10,S75.6S0 tons. Estimated decrease in
the worlds production, 1,1036SO tons.
Campaign 1902-1903.
Eastern and Foreign Markets. APP
parent Indifference marked the con-
duct of buyers and sellers alike
throughout the earlier portion of the
period under consideration, and trans
actions for considerable time were
reduced to a minimum. In the face of
bountiful supplies of raws refinerS
evinced little desire to enter the mar
ket, the tendency in this direction being
the more pronounced by reason of the
light demand for Refined, a new feat
ure having been injected into the stu
alton by the entrance of domestic beet
sugars into active competition with re-
finers' product. The California factor
les are recently contributing their quo
ia to the extent of 1900 tons to the
New York market, both rail and steam
er shipments, as per recent announce
Inents.
At the close no Improvement is mani
fest in the refined sugar market, lower
prices prevailing, but raws on the 9TH
er hand, while revealing from the first
strong undertone, have coincident
with the firmness now manifest in Eu
rope, advanced materially, latest mail
adyices from New York under date of
Nov. 1st indicating quiet, steady mar
ct, with slight abatement of the ac-
tivity characteristic of it's steady
course latterly.
Successive publications of experts es-
timating the probable European beet
sugar production covering the cam
paign upon which we are now entering,
have occupied the attention of the trade
generally, and the figures presented
have proven of unusual interest, fore
shadowing reductions in magnitude SO
considerable as to hold out the prom
Use of a return to more healthy condi-
lions. We append Mr.. LIGHTS beet es-
innate of October 18th, and for pur-
poses of comparison, give Mr.. Giesek-
er's figures published Oct. 18th:
Estimates. 1923. Actual crop,
LIGHT Gieseker 1902