The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1903-06-19


II, Z shillings 10h pence.
williams, Dfmond &, Co., under date
of San Francisco, June II, give the fol-
lowing as the basis of the raw sugar
quotations since May 2, and the Statis-
teal and other influences of the mar
ket:
May to 49, no sales; 18th, spot sale
400 tons at 2 11-16c., and on same date
cost and freight sale. 1900 tons at 3.695c.
Again on same date, cost and freight
sales 900 tons at 9.73c; 18th, cost and
freight sale, 260O ions at 1885,; 10th
and 18th. no sales, 10Th, spot sale $50
tons at 11-16c.; 2Oth to 22d., no sales;
%, cost and freight sale, $50 tons at
1890; 25th to 9th, no sales 2Sth, spot
sale $50 tons at S9sc.; 10Th to June 1, no
sales; I'd, spot sale $50 tons at S9sc.,
and on same date, cost and freight sale
2100 tons at $500; 3d. cost and freight
SALE 1000 tons at 3.60c.; 4th, no sales;
5th, spot sale, 1900 tons at 1890,
and on same date cost and freight SALE
1900 tons at 3.59c., 9th to 10th, no sales;
IL th cost and freight sale, 1000 tons at
3.59c.; and on same date spot sale $50
tons at 8 1890. establishing basis for
SO degree Centrifugls in, New York
3592c.: San Francisco, 3,21Tc.
London Cable.-June 8 quotes Java
No. Is d. s. 9s 3D., Fair. Refining, IS.
3D.. same date last year, IS and IS. Cd.
respectively July beets IS. 214d. against
6s. 3d. IS. 4d corresponding period last
year.
--latest Statistical Position.-Willet
& Gray report June U. S. four ports
in all hands estimated June g, 302, ass
tons against 1865 tons same date last
year. Six ports Cuba estimated June
2, BAT 900 tons against ,209 tons cor
responding period last year. United
Kingdom estimated June |, 100000 tons
against 212,91S tons same date previous
year. Total stocks in all the principal
countries by cable June 4 at latest un-
even dates, 1922, ass tons against 3046,-
1872 tons; decrease from last year, 124,-
S27 tons. Sugar crops of the world es-
timated grand total, cane and beet SUI
gar, 9,IS60f tons, against 11,047, 141
tons previous campaign; estimated de-
crease in the worlds production, 1851
094 tons.
Eastern and Foreign Markets.
| Throughout the period under consider
alton, prices have suffered successive
but slight reductions in the Raw sugar
market. The most potent factor con-
trfbuting to this result appears to have
been the small demand far the Refined
product. Usually this season of the year
! represents period of active consump-
ton and disappointment is felt at the
anomalous condition lately in evidence.
On the other hand, receipts for the past
five weeks have been unprecedently
abundant, and refiners were rendered
! apathetic in consequence, declining to
purchase unless concessions in price
were granted. In this connection, how
ever, 1t is noteworthy and Indicative of
the healthy undertone to the market
that holders have for the most part
courageously refrained from pressing
their sugars upon an unwilling market
preferrlng to warehouse their supplies
until such time as the belated season
! of active consumption in refined shall
have arrived, thereby awakning an in
terest in raws. At the close there are
indications of greater activity in Re-
fined, and a steady market for Raws Is
in evidence, according to latest mai
advices from New York under date o.
June s. The European Beet market
has continued fairly steady, but i!
} easier at the close. presenting few fea-
lures of special interest. Shipment
of Cuba sugars to the Unite& Kingdom
have continued on a moderate scale
, Mr.. LIGHTS final estimate of beet SOW,
ings has not yet appeared. In Cubt
the weather continues dry and favorable
, for grinding. Javas are offered at fig
ures which range considerably abov,
ruling values in his country, and it il
; noteworthy that shipments. of Java
in May to America as well as to Flu
5 rope, were nil. The Orient absorbs ia
va sugars readily.