The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1885-08-10
Another Drop in Manila
RaWS.
Cuba Centrifugals Lower, and Ger
man Beet Advancing.
Advance by the San Francisco Re.
fineries-New York AdvIces-The
London Market-POints of
observation-disclosures
Quotations.

The San Francisco correspondent OF
the ADVERTISER, writing by the Mari
posa, gives US the unwelcome news of a
further drop of Ollie. in Manila raws.
and drop OF u cent in Cuba centri-
fugals. AT the same time there is an adj
vance in German beet of Is. for August
delivery, and Is. for November delivery.
This, however, appears to be due to local
| speculation, and is no guarantee as to
the future OF the sugar market In San
Francisco, on the day after the departure
of the Oceanic, the California Refinery
advanced its prices cent on whites,
and Z cent on yellows This upward
movement was quickly followed by
the American Refinery, notwith-
standing its previousassertions that
it would not be influenced by
its opponent. But a quarter of a cent
advance, even on its little lot, seems to
have been acceptable, and has been a
great source of amusement to iobbers in
the Golden Gate city. The drop in
Manilas was reported on July 23d, but
the market on the LIST instant was steady.
THE NEW YORK MARKET
There has been a decided reaction
from the weak condition of the market
developed during the early part of the
week, in consequence of the firmer tone
and upward tendency of London, and
with consumers showing disposition to
re-enter the market and replenish their
supplies, a firmer tone has been estab-
lished, although values are not quotably
higher. The reaction in London has
been due to reports of damage to the beet
crop from drouth, and from the fact that
German lubricants have been buying in
London for future delivery The price
of beet has advanced to lbs, and the
London market left off firm at the adj
vance
THE LONDON MARKET.
According to the Board of Trade re-
turns the landings during June in the
United Kingdom reached 1851 tons,
against 1O6,5S1 tons last year, those of
cane being So, 10 tons, against 81 All
tons; beet root, 26,765 tons, against 81
043 tons, while those of foreign refined
were the largest on record, being 50 ,229
tons, against 1907 tons last year, of
which "a, 157 tons were received from
America, against $3.50 tons in 1884. The |
total landings for the first six months |
show the larger excess of 81, 272 tons,
for although cane sorts show a decrease
Of 28,415 tons, beet shows an |
increase of 1851 tons, and for
eign refined an increase of As, JOG |
5ons. The receipts of Continental
refined show decrease of 5,48S tons,
whereas those of American show the
extension of 5O,594 tons;
he.rapidly increasing Importance of the
after is shown by comparison of the
imports for the first six months during
he past three years, viz, 70, 146 tons
his year, against 22,552 tons in 1884,
nd 6, 123 tons in 1883.
The stock of raw sugar in London for
he week ending July 4th, compared with
he three previous years was as follows:
885. 1884. 1888. 1882.
'ons. Tons. Tons. Tons.
7 1924 1885 95,398 100. 29O
Average for years 1sS2-1ss5, 101, TIT
ons
PRODUCING COUNTRIES.
The Cuba crop is estimated as $50, 135
ms for export, plus 10000 local con-
lmption, making total crop $50, 135,
gainst $40 previous crop, or say ! q