The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-06-19
SUGAR

Il
sugar-Raw. firm; fair refining. Sc
centrifugal. So test. s1-2c: molasse:
sugar. exc; refined. quiet.
SUGAR PRICES ADVANCED.
NEW YORK. June All grades OF
refined sugar were advanced Ave point,
today.
TRUST PRESIDENTS DENIAL
NEW YORK. June 1o-Henry z.
Havemeyer. president OF the American
Sugar Refining Company. denied today
a report that his company had obtained
a preponderatIng interest in the beet
sugar industry In this country. The re-
port had II that Havemeyer had pur-
chased the controlling interest in sew
eral beet sugar factories in the West
and Northwest. When this was called
to his attention he said:
/ ut Is not my intention to tell the
public. or the newspapers. the bust
ness affairs OF the company. That re-
port about buying beet sugar interests
was only printed in the hope of urging
an avowal from me. AL. will say is
that any statement to the effect that
the American Sugar Refining Company
has a preponderating interest in the
beet Jugar industry Is utterly untrue"
ut Is stated that you have purchased
a controlling interest in five beet sugar
factories in the West"
THAT is entirely untrue. too" Have
meyer said.
FROM WILLIAMS, DIMOND.
San Francisco. June IL. 1902
Hessrs. r. A Schaefer & Co. Honolu-
lu. II. T.
Dear Sirs:
We last addressed you 9Th inst. per
America Maru.
Sugar-No changes have since occur
red In the local market or for export.
prices established March still being
In force.
Basis-June (not reported until sth),
cost and freight sale $50 tons at 3.47c:
9Th. Ito arrive" sale. 1000 tons at 3kc:
eth. no sales: sth. spot sale. 1000 tons
at SIC: 10th. Ito arrive" sale. 500 tons
ut SIC. Established basis for So per
cent centrifugals In New York on that
date. 3.50c: San Francisco. 3I25c. Since |
that date. no sales
New York Refined-Price $50: equiv |
alent to 4.4ic net cash. established 18th |
ult. continued in force until 9Th inst. |
on which day an advance OF five points
occurred. establishing a price of 4.55c.
equivalent to AS net cash: since that /
date no further change has been re-
ported.
London beets-June 6. SIS l,sd: eth. SIS
gid: 9th. IS 3D.; 10th. Ga SZd: IIth.
Sc I'd.
London Cable-June quotes Java
No. Is ID. s., SIS: fair refining. IS Cd:
same date last year. lis Sd and los Sd
respectively: July beets. 6s 3Zd.
against IS sid corresponding period
last year.
Eastern and Foreign Markets-Indi-
cations point TO renewed strength and
activity In the raw sugar market. ac-
cording to latest mail advices from
New York under date OF 9Th inst. An
Improvement Is likewise manifest in
European beets. Referring to cable ad-
vices transmitted per America Maru.
TO the effect that Germany had rati-
He'd the Brussels convention. there Is
n probability that the dispatch mayI
have referred only TO the action of the
sugar committee. since IL is not yet
iennitely stated that the Reichstag has
- a whole passed upon and ratified the
agreement. although IL Is now
thought that IL will do so. In
my event. the action OF other interest
d countries will no doubt be largely
Influenced by the decision made in
Germany Refined Is now in good de-
nand and there are delays in ship
nents: the market closes strong with
n upward tendency.
Latest Statistical Position-wnlett &
fray report u. s.. four ports in all
ands. estimated June 4. 1865 tons.
gainst 236.so2 tons same date last
ear. Six ports Cuba. estimated June
as. 500 tons. against $4,000 tons cor
period last year. Total
took I'm all principal countries. by ca
lie June s. at latest uneven dates,
o1s.l5s tons. against 2.os1. $40 tons: in
rease over last year. 957.516 tons
ours faithfully.
WILLIAMS. DINOND & co.