The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1905-07-27
SUGAR

tons IN Cubas have transpired lately
at terms clearly Indicative of the facr
that holders, impressed with the adyan,
OF new crop Javas, have abandoned
all pretense of maintaining the firm
I stand formerly displayed and apparent-
~ 1ustlfed earlier in the season by the
statistical position of sugars
oh the other hand, refined has dis
prayed little activity and the demand
mas peen disappointing, business pro.
ceeoihg Tor the most part on the hand
- to-mouth basis. Successive reductions
IN list prices have seemingly not helped
the situation materially and prospective
buyers even yet consider the margin
between rawS and refined too largo and
no lhducement for anticipating wants
Recently there have been some heavy
cuts in freight rates. notably the re-
ductIon to lac from New York to Mis-
souri, river points which becomes effec-
| tive 10th inst.
consumption has fallen off in Eu-
rope as we'll as in America. but Ger
talnly not to any such alarming ex-
: tent as to justify the present democrat
ization abroad and it is encouraging
to note from Geographic advices in
Gated above that in the last few DAYS
| there has been sharp rally in the
| prices of European beets, which, how
ever, may be speculative in nature and
of temporary duration. Moreover it is
to be remembered that invisible stocks
| in the large consuming countries must
be considerably depleted. and this fac.
may exert an influence later on in the
season. Mr.. F. O. LIGHT cables from
Magdeburg that the weather abroad is
favorable for the growing crop.
Latest Statistical Position.-Willett &
Gray report L. S. four ports in all
hands estimated July u, 221.456 tons
against 206,0OO tons same date last
IL. 1000 tons against 129 7S6 tons, cor
responding period previous year. Unit
ed Kingdom, June 20 (Bonded stocl1)
100000 tons against $4,000 tons same
date in 1904. To all stocks in all the
principal countries by cable July Is at
latest uneven dates 2.052,456 tons
against 2,4707S6 tons; decrease
from last year 41S,330 tons. Sugar
crops of the world, total cane sugar
production 4,473,129 tons against 4,207,-
125 tons same date previous campaign.
European beet sugar production 4,6S1-
600 tons against 5,S74,96S tons same date
in 1904. United States beet sugar
production 209,122 tons against 20S 135
tons same date previous year. Grand
total cane and beet sugar 1858, ISL tons
against 10,290,S2S tons; estimated de-
crease in the worlds production 926,977
TONS
COMMISSIONING to damage from
rust and other causes. our wheat crop
has turned out considerably less than
there will be very little for export from
this State and the barley crop is not
as good as prospects promised earlier
in the season. Last charter yesterday
23s Cd Liverpool or London direct with
merchandise
Lumber Freghts.-Are easier in SYM
pathy with wheat and we quote, Sgd
Iney 32s; Melbourne, Adelaide or Port
Prize 36s Sd to 3Os Cd; direct West Coast
31s Cd to ass Cd.
Standardization demand. s4.S7 IA:
London, SO days. $4.S5 1-2; New York,
regular, &c: Telegraphic, Sc.
Coffee. stock of Hawaiians in first
hands today is 90 bags. We quote:
Fancy, 13c to lac; prime, II Lee to II
lie; good, 10 Lee to II lac; fair, 9
1-2c to 10 lac; inferior, &c to SC; pea
berries 10 1-2c to 12c.
Telegraphfc advices have just been
received from New York reporting cost
and freight sale 500 tons at 3.99c cost
spot sale 1900 tons at &c, establishing
basis for SO deg. centrifugals in New
York this date 3.995c, San Francisco
362c
Price of london beets, it is further
more announced by telegram, declined
this date to 10 9%.
A drop of ten points in New York
Refined also was esta blished today, the
latest quotation being 5:10c net cash
in Barrels, equivalent to 5.50c net
cash in bags.
---S$