The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1885-07-23
THE SUGAR MARKET.
A Drop Of One-eighth in Cuba
Centrifugals.
Reports From London, New York
and San FranciscO-A Gloomy
OutlOOk-Sugar Authorizations.

Since the departure of the Australian
| steamer on the 4th instant, there is but
little to report. The New York and London
markets are somewhat unsettled, and values
| have been huctuating. Cuba centrifugals
So per cent at New York, have dropped Is
| cent, and the market, though quiet, is
| strong. The Manila quotations remain at
| $50 cents, with a good demand in San
Francisco for all grades of sugars. The
! London market shows no change in German
| beet, which is still quoted at les. cd. per
cwt.
NEW YORK REPORTS
From time to time show an unsatisfactory
condition of affairs as far as raws are con-
cerned. London values rule the market
and there has been large increase in sup
ply in the United Kingdom. There is a
deadlock between buyers and sellers without
signs of weakening on either side. RefnerS
are not anxious to replenish their stocks,
and consumers carry several weeks supplies.
The New York market closes quiet and
steady, with strong undertone; sellers are
not disposed to yield and buyers are cautious
in their transactions.
LONDON ADvICEs
The market is quiet and there has been
but little speculative demand, most of the
parcels offered being bought in. The stock
of raws in London is less than at the same
date in the three previous years, and less
than the average. The figures are as fol-
lows:
STOCK OF RAW SUGARS IN LONDON.
1885. 1884. 1883. 1882.
Tons
94,785 1858 99,1O6 1O2, 228
Average for years 1882-1885, IO2, 4I9 tons
This shows shortage in London of nearly
10000 tons, az compared with the stocks on
hand at this date last year. There is also a |
decrease of nearly 5000 tons as compared |
with the London stocks of raws for the past |
'hree years. The imports of beet sugar into |
London last year amounted to $40, 900 tons, |
most of which was refined in England.
SUGAR APPLICATIONS.
A we'll grounded complaint has arisen in
England that some refiners send out sugars
which taste more like salt than sugar: but
he poorer classes purchase them on account
# their color, in preference to the genuine
rticle. This cheap substitute is manu-
actured from low beet and doctored with
hemlcals, principally sulphnrous acids, and |
) thus colOred and made attractive. @To |
UGH an extent is this practice carried ON
hat in at least two refneries ARRANGEMENTS |
ave been completed for the manufacture of
he acids on the premises, and every pre-
autIon is taken to keep the trade in ignor-
nee OF such practices. Besides the ipiurv
hlch Is thus done to the trade itself, it is
cry probable that to the same cause NAV
attributed several of the diseases which |
f1lct the poor, who ought to be protected
Y some legislative enactment from the in
lrious effects which the unrestricted and
sidious use of sulphuric acid in sugar is
rtain to produce.
A GLOOMY OUTLOOK.
'Bradstreet's" says that London has been
along the principal support to the high
'lces' and that market has had the assist
ice OF the continental beet trade. The
rye stocks of beet on the continent, princi-
lily IN Germany, rendered high prices very
Vantageous to the beet trade, in order that
ese large stocks could be placed at high
'O0S' L NC "0lSuI' HnW0VeFs has been too ! :
avy for the spectators TO bear, for not
outstanding the wild rumors of extensive
hclency IN the coming beet crop, the visi
supply, particularly SO far as the United c
ngdom was concerned, has kept on in t
easing. The holders of raw appear firm, "
the retners have been compelled to buv f
old quotations. If, however, the London P
rket shrinks-and the appearances are 81
orable to such a course-tne holders of
v will have to meet the compe tition of
srs from the other side. The local de- -
nd for refined appears to be sufficient to -
e all the stock at present prices. It is ~
nifcant, now that half of the wear has .
sed, to note that the consumption has in =,
ased but 22,2O5 tons. =
SAN FRANCISCO.
n brief half-yearly review of the San
ncisco trade, "Bradstreet's" says: "The
mess transacted in sugar has been un- =
ally large, and it is stated that the Cali
Tia Refinery has been so rushed that it is
1000 barrels behindhand in filing its
ors.''
ur latest quotations are as follows: