The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1903-07-31
SUGAR


gar circular received by the Alameda !
this morning, say, under date of san !
Francisco, July "a, as to the basis Of
raw sugar quotations since their last
letter June II:
June 18th, cost and freight sale 1000
tons at 3.60c Enormously reported pre-
vously through error in transmission
of telegraphic advice as 3.59c) and on
same date spot sale $50 tons and 3 1899
18th to 10th, no sales; 18th, cost and
freight sale 1000 tons at 3.60c and on
same date spot sale 400 tons at 1890
18th cost and freight sale 1900 tons at
3.6Oc 18th to gath, no sales; 25th, cost
and freight sale. 500 tons at 3.57c 26th.
no sales: 9th. cost and freight sale, 500
tons at 3.57c; 29th to July 9th, no sales
/ 10th, spot sale 1000 tons at 9-16c and
on same date cost and freight sale 1900
tons at 3.57c; 18th cost and freight sale
300 tons at 357c: 18th. spot sale 300 tons
at 9-16c; 14th and 18th, no sales 10th,
spot sale 1000 tons at 11-16c; 18th, spot
sale $50 tons at 1t-16 18th, cost and
| freight sale $50 tons at 3.695c; 20th no
sales; 2lst spot sale 200 tons at 3 11-t6c.
since which no sales establishing basis
| for go centrfugals i'm New York 21st
inst 3.6S75, San Francisco, 3.3l25c.
New York Refined: A reduction Of
| five points over previous quotation oc-
Cured July LIST followed by an ad-
vance of ten points July 10th and again
/ followed by an advance of ten points
July 18th, establishing price of &C.
equivalent to 4.9Oc net cash since that
time no further change has been re-
ported
London Gable: July 18th quotes Java
No. Is D. S Az Fair refining s 8;
same date last year Z ~ and g, res
pectively August beets s against 04
corresponding period last year
Latest Statistical Position: wilet &
Gray report July 10th by cable L. 5.
4 ports in all hands estimated July 14th
994,4 tons against 14O2 99 tons same
date last year. 6 ports Cuba estimated
July 18th, 100000 tons against 3S1, All
tons corresponding period last year.
United Kingdom estimated July 18th
100000 tons against 195,4S2 tons same
date previous year. Total stocks in all
the principal countries by cable July
18th at latest uneven dates 1881, 439 tons
against 2,42S, 252 tons; decrease from last
year 9O,S13 tons. Sugar crops of the
world estimated grand total cane and
beet sugar 9,S24,673 tons against 1,O47,-
141 tons previous campaign; estimated
decrease in the worlds production l.
222, 46S tons.
Eastern and Foreign Markets: Con-
ditions affecting raws and refined, noted
in our previous circular continued
without material change for a brief
portion of the period under consider
alton. Wet and cool weather follow
ing, however, the customary summer
demand for refined was checked eff
fectually and buyers were rendered
apathetic in consequence having fur
thermore been well supplied by direct
receipts Sugars fortunately at this
juncture were firmly held but certain
transactions were concluded at a slight
ly lower range of prices, establishing
the basis accordingly while the weak
ness resulting therefrom was perhaps
accentuated by the marked depression
in European Beets, ascribed to specu
lators realizing upon receipt of favor
able crop reports
Latterly, however, the resumption of
seasonable weather conditions and the
consequent increased consumption in
Refined, both in the way of withdrawals
under old contracts and in new bust
ness, brought about a sudden and COM
plete change in the aspect of the mar
ket for raw sugars, the previous indif-
ference of refiners having given place to
an active interest, which led them to
become ready buyers, particularly of
Cubas for shipment and a very large
business at gradually advancing prices
has been the result the week closing
on a quiet strong market for raws, ac-
cording to latest mail advices from New
York under date of July 18th. A slight
ly easier tendency is now in evidence,
we should judge, if Geographic reports
since received are any criterion, of ac-
tual conditions. European boets have
likewise undergone a sharp reaction
and firmness is now visible, the heavy
demad for refined for July, August and
September deliveries, contributing In
large measure no doubt to this result.
Crop reports at present are good and it
is announced that German weights are
: are fully a week ahead of last year.
The question of future action by the
Congress of the United States to neu-
tralize the operation of the Cartel sys
tenn abroad, should the producers of
= sugar there combine to regulate prices
, and distribution after the cessation of
. official bounties on September LIST to the
detriment of American interests, will
be watched with interest by the trade
in general. Cable reports from Java
estimate the current crop at $500 tons
/ which is practically the same as that
4 of last year, while a continuance of
D the demand from Eastern countries is
also reported. 900 tons is Mr..
Gumas new estimate of the Cuban
crop.
COFFEE.
williams, Dimond & Co., under date