The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1905-07-27
THE SUGAR MARKET


lgtest sugar circular contains the fol-
lowing:
basis: May 9Th to 18th, no sales; 18th
cost and freight sale $50 tons at 4435c;
18th and 18th, no sales; 10th. cost and
freight sale 400 tons at 4.37c; 18th, cost
and freight sale 500 tons at 4.33c; 18th
cost and freight sale 500 tons at 4.33c;
18th, cost and freight sale 1000 tons at
5-16c; 2Oth to 23rd, no sales; oath, cost
and freight sale 500 tons at 4.36c; 25th
cost and freight sale 1900 tons at 436c;
9th spot sale 100 tons at Csc and on
same date, cost and freight sale 1900
tons at ACC; 9th, cost and freight sale
600 tons at Csc: 29th and Both, holi-
days; 31st spot sale 5000 tons at 3-Sc
an on same date, cost and freight sale
1000 tons at 4.36; June 1st, spot sale 700
tons at 5-16c; 10th, spot sale 300 tons
at 5-16c; 18th and 18th, no sales; 14th
cost and freight sale 100 tons at 4Ac;
18th, spot sale 300 tons at 4Ac and on
same date spot sale 800 tons at slice;
18th, cost and freight sale 3100 tons at
4.24c; 18th, no sales; 18th, cost and
freight sale $50 tons at 4.24c; and on
same date ito arrive sale 500 tons at
4Ac; goth, cost and freight sale 500
tons at 4.24c; 21st, cost and freight sale
1900 tons at 4 5-16c; 22nd, no sales;
23rd, cost and freight sale 400 tons At
43Oc; oath no sales; Goth, cost and
freight sale 600 tons at 4Ac; 9th, spot
sale 400 tons at 4Ac; 2Sth, no sales; 18th
ito arrive" sale 1900 tons at 4Ac: 3Oth
to July 4th, no sales; 9Th, 'to arrive
sale 300 tons at Az; 9Th, ito arrive sale
$50 tons at 4 3-16c and on same date,
cost and freight sale 1900 tons at 4,17c;
7th cost and freight sale 1900 tons at
4.OSc; and on same date, spot sale 22OO
tons at 4 1-Sc: Sth, no sales; 10th, spot
sale 1900 tons at 4 Is; 18th no sOles;
18th. cost and freight sale 1900 tons at
$780, 18th, cost and freight sale 1900
tons at 1890; since which no sales
establishing basis for 90 centrifugals
! in New York on that date $3.50; San
Francisco 3615c.
Eastern and Foreign Markets.
Throughout the period under review
prices have continued to decline in this
country and abroad almost without in
terruption. The sagging tendency in
European beets has been particularly
pronounced and refiners in the United
/ States have not failed to take full ad-
vantage of existing conditions, Cuban
| holders yielding reluctantly to the
| cXigencies of the situation. Periods
of comparative quiet and dullness have
interviewed, broken now and then by
cable reports of fresh declines in Eu-
rope which have reacted adversely on
the course of prices here. Transac-
tiors in Cubas have transpired lately
at terms clearly indicative of the fact
that holders impressed with the adj
vent of new crop Javas, have abandon
ed all pretense of maintaining the firm
stand formerly displayed and apparent,
ly justified earlier in the season by the
statistical position of sugars.
"On the other hand refined has dis
played little activity and the demand
has been disappointing, business pro
ceeding for the most part on the hand
to-mouth basis. Successive reductions
in list prices have seemingly not help
ed the situation materially and pros.
Pcctive buyers even yet consider the
margin between raws and refined too
large and no inducement for anticipat
ing wants. Recently there have beer
some heavy cuts i'm freight rates, not,
ably the reduction to lac from New
York to Missouri river points which
becomes effective Goth inst.
Consumption has fallen off i'm Eu
rope as well as i'm America but certain
ly not to any such alarming extent as
to justify the present decentralization
abroad and it is encouraging to note
from telegraphic advices indicated
above that in the last few days there
has been a sharp rally i'm the price OF
European Beets which however may
be speculative in nature and of TEN.
porary duration. Moreover it is to be
remembered that invisible stocks in
the large consuming countries must be
considerably depleted and this fact
may exert an influence later on in the
season, f. O. LIGHT cables from
Magdeburg tat the weather abroad /.
favorable for the growing crop"