Daily Honolulu press., 1885-12-29
Williams, Dimond g Co.. Circular.
SAN FRANCISCO, December 10. ISs

SAN FRANCISCO, December 10, 1885.
DEAR SIR,-Our last circular was dated
December 5th, per steamer 81. Paul.
Sugar--The condition Of the local market
remains unchanged. Both Refneries are shut
down for short time, to prepare for mex,
years work.
Eastern and Foreign Markets Prices il
New York OF all grades of sugar have ruled
strong, and full eighth of cent per pound
has been established on many grades.
Cuba Centrifugals, go per cent test, advanced
to 64c on the I2th instant, and our --latest
telegraphic advices OF the 18th instant quote
the same figure, showing that no further i'm.
provement has taken place. Market closed
dull, but firm. In general the situation has
shown few new features. The strength of the
market is due to moderate spot supplies, and
the fact that values there are relatively lower
than in other markets in the world, and. hold
crs have been enabled to take advantage of the
position ON account Of the buoyant temper o.
the London and European markets, while buy
crs have the more readily paid an advance, be
cause OF the higher prices obtained for thci,
product
Congress assembled last week. The Presi
dent is opposed to commercial treaties with
Spain and other countries, and very mildly
recommends reduction of duties. The Sec.
retary of the Treasury estimates income
twenty-five million dollars under expenditure,
for coming year. This is unfavorable TO re-
duced duties, even though Congress agitates a
reduction OF sugar duty, as is probable.
Since our last circular, Beets have ad
vanced six-pence in the London market,
our quotation Of the I2th instant being rss. cd.
for SO per cent test, but cableiof yesterday show
a slight decline, the latest quotation being Iss
Sales have been made of March delivery at los
I'D, and Of April at los Sd. The Cuba crop
proves to have been 625,ooo to 63o, 900 tons.
This has been entirely consumed, and il is not
probable that the growing crop can be made to
exceed this quantity very much. M. Lichi
reduces his estimates of the German crop at
5000 tons, and also crops Of Austria, France
and Belgium, but increases Russia, leaving the
total estimates unchanged. On the nth inst.
the Manila basis advanced to S.62 for oI per
cent.
Rice--Stock on hand is light, but free arrivals
are expected. The market is badly demora-
lied. There is not, as in former years, any
Eastern outlet Tor surplus, and the latest mar
ket reports from New York are very discourap-
ing. Sales have been made at a Y cents cash.
and a. 1sc 90 days, is nov offered.
Charters-Market has been quite active
sisce last advices with handy size iron closed
at3Is Cork, U. X, while larger carriers obtained
3os. Wooden closed at 27s cd Cork, u. X, Z,
Harvc, Antwerp; ass direct ports. English
advices continue very disappointing, and wheat
has declined here. Tonnage appears steadily
held, but demand quite limited. We anlci-
pate renewal Of business after the holidays
Exchangc-London, 60 days; sight, 4.Ss4
New York sight, Is.
Flour, G. G. Ex FAM, $3.50; El Dorado
$34o.
Bran, $I4. 50 per ton.
Barley, No. feed, $I.35 per ctl.
Ground Barley, ST.. 50 per ton.
Oats-Fair, $I.oo; medium, 81, 40; choice
feed, SI.3s per ctl
Hay--Compressed Wheat and Oat, $I4 to
$1,000 per ton.
Hay, Large bales Wheat and Oat, $I3-so
to $1,000 per ton.
Lime-$r.4o and ST.. so per Dbl