The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1905-10-28
AS
TO THE MARKETS
DIMOND & COMPANY's
LETTER RESPECTING SUGAR,
COFFEE AND RICE CROPS.

Williams, Dimond & Co.'S circular
letter regarding the sugar, coffee and
rice crops, dated San Francisco, Octo-
Der Is, contains the following Informal
ton:
Sugar-List prices in the local market
declined 10 points Sept. 18th, and again
10 points Sept 18th, followed by an adj
vance of Is points oct. 14th and again
10 points oct. 18th at a. m.
" Basis-Sept. 1st to 7th, no sales; Sth
cost and freight sale, 1900 tons at 3.S6c;
9th to 10th, no sales; 18th Ito arrive"
sale, 400 tons at 3%c 18th, no sales;
goth, spot sale, 100 tons, at 5-Sc; 21st,
spot sale, 60 Otons at 5-Sc; 22nd, cost
and freight sale, 1900 tons at 5-Sc;
23rd, no sales; 25th, cost and freight
sale, 1880 tons at 11-16c.; 26th and
9th, no sales; 2Sth, cost and freight
sale, 5000 tons at 11-16c.; 29th to oct
2nd, no sales; Bird, cost and freight sale
HOO tons at 361c; 4th and 5th, no sales;
9th, spot sale, 1000 tons at 3 5-Sc.; since
which no sales, establishing basis for
SO deg. Centrifugals in New York, 9Th
inst, 3.625c; San Francisco, 325c.
( New York Refined.-Prices declined
20 points Sept. 18th and again 90 points
Sept. 29th and again 10 points oct. End.
establishing a price on that date of
4.70c. net cash in barrels equivalent to
4.65c. in bags. Since that time no fur
ther change has occurred
Eastern and Foreign Markets-We
called attention in our previous Circu-
lar to the probabilities of still fur
Their reduction in the prices of Raws
in New York. Our expectations in this
regard were soon realized and the basis
gradually declined rallying however to
5-Sc. Oct 9Th, since which time a
quiet and fairly steady market has beer
in evidence.
As regards the prospects for the flu
ture there are no influences at present
observable which would justify the be-
lief even of the maintenance of exist
ing quotations. Taking into consider
alton the likely sources of supply fol
the balance of the year and the prob
able demand for the Refined product
at time when domestic beets must be
reckoned with as a feature in the sit
uation, it is not surprising that in wei
Informed quarters the opinion prevails
that a substantial surplus of Raws In
different hands will be observable al
the close of the current year. The re.
alization of this fact on the part Of
Refners, it is not unlikely to suppose
Will serve to intensity their reluctance
to enter the market to any extent un.
less holders are readily induced t
grant liberal concessions in price as
an inducement to refners to consum.
mate transactions.
Retiners latterly have been busy witt
direct receipts, principally with Java
sugars, two cargoes in port having re.
Gently been disposed of on terms which
are thought to be practically the equi.
valent of 8 5-Sc. for SO deg. test. Quota
: tions for London Beets have been fairly
steady during the period under review
and while evincng a slight improve
ment for the time being again show a
downward tendency, but the specula-
tive features which dominated the mar
ket formerly no longer appear to exert
any pronounced influence on the situa.
tion at this juncture. An evidence OF
this fact is shown by the apathy dis.
played on the news of another impor-
tant failure Of a sugar operator in
Paris during September while it is an
nounced that the October liquidation
there has passed off without further
difficulties. The new crop is now be-
ing harvested and special interest cen
ters in the estimates of experts as tC
the output. Mr.. F. O. LIGHT of Magde-
burg, has cabled under date of Oct. 18th
that the weather is unfavorable fol
crop work but estimating a production
of2,l15,OOO tons for Germany, 1,42OO
tons for Austria, $50 900 tons for France
and total production of 6,55O,OOO tons
sugar for all Europe against the 19O4-i
crop of 4,706,000 tons showing an in
crease of 1,S45,OOO tons. 1t is interest.
ing to compare Mr.. LIGHTS previous
first estimates of the European Bee
crops with the final outturn and we APP.
pend some figures in connection there.
with:
!; oct. 10, 1905, 6,55OOO tons.
oct. 10, 1904, 5,l2O,OOO tons; final out.
turn, 4,7O6,9OO tons; over estimated
413, 100 tons
oct. II, 1903, 5S5O,OOO tons; final out
, turn, 5,S74,96S tons; under estimated
! 2496S tons.
oct. IS, 1902 5,S5OOOO tons; final over,
turn, 5,561,275 tons; over estimated
2SS,743 tons.
oct. 10, 1901, 6,48OOOO tons; final over