Daily Honolulu press. [volume] (Honolulu, Hawaiian Islands) 1885-1886, 1885-10-09
wiaiams. pimena g co... circular.
SAN FRANcIsco. Oc,ober n,

SAN FRANCISCO, October 1, 1885.
Dear Sir Our last circular was dated
September 18th, per steamer Alameda.
Sugar-The advance in the prices Of the
California Refinery noted in our last report
was followed the same day by reduction of
NC. per ID, and since then has advanced
again a per ID The American Refinery also
advanced its prices to meet the above.
Eastern and Foreign Markets. The prices
in New York remain about the same as re.
ported in our last circular, although the Lon.
don market has weakened and beet has de-
cined one shilling. This decline however has
had no influence, as London values are too
much above the parity Of the New York
market to allow Of surplus being drawn from
there and spot stocks are ample for current
wants. Refiners have been unwilling to antici-
pate requirements and only purchase sufficient
for present wants. The general situation is
favorable for higher prices and supplies are
firmly held. Latest mail advices from Messrs.
Willet & Hamlin, dated New York, Septem.
Der Gath, state that the statistical position
there is very favorable. Stock in all hands
decreased 1920 tons, and is now IS, 584 tons
under last year. Meetings continue large, say
about 1900 tons daily. Re6ners' stock is
moderate and active buying must soon be re-
newed. Refined advanced to Ike for granu.
ting in proportion. Export Of refined has vir-
tually ceased and the time for importations of
raws from Europe is near.
We quote from latest foreign exchanges as
follows From most recent adviccs il appears
that the accepted estimates of the beet crop
will be still further reduced as besides a re.
duction in sowings of rs to 3o%. There will,
| owing 10 long draught, be considerable cultu.
raj deficiency The visible supplies for Europe
and America are about I,ooo, 900 tons, a sur.
plus OF still 10000 tons over last year at
same date but looking at prospects Of both
cane and beet crops it seems evident that over
production has meantime received severe
check and for the next IL or IS months the
supply Of sugar cannot satisfy a consumption
at the rate OF the last year." Our latest tele-
graphic advices from New York, dated Sep
TENDER goth, state that the market for raws is
gradually improving, and there is an improved
demand for refined and stocks are decreasing.
Cuba centrifugals o6% test, 3.I6c.
London, September 2oth Beets, 1872 test,
f5s.
European and Foreign Markets steady.
Weather variable, estimates Auctuating, but
crop is probably two million TONS There has
been no change in the Manila basis since the
r4th nit, and same is $50 for oI%.
Rice--The large shipment Of 2,7oo bags per
Mariposa coming on an already weak market,
and free importations of Carilona and Japan
Rice, have ceased further decline in this arti-
Gle. We quote price SIC. Market weak.
Charters--Since our last the English mar
ket has improved causing some activity here in
charters. Several large wooden have been
closed at 26s. Cd. q 27s. cd, Liverpool direct
while iron has obtained gas. Cd. a 3ss Cork.
U. X, as to size. To-day English advices are
again quiet, and nothing done with the ton
mage held at above rates.
Exchange London 60 days sight So SO.
New York Is per cent
So IS.
Bran, SIC per ton.
Barley, No. 1, feed, 81 80 per ctl Ord.
Barley, $28 per ton.
Oats, fair, ST. IS; Medium, ST. IS; Choices,
81 3aHj Lime. ST. 50 per bbl Hay, Comp,
W. and Dat, $I3 50; Large Bales, w and
Dat, $I3 to SIS per ton.