The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1885-12-01
THE SUGAR MARKET.
Reports from all Parts of the World
Prices Fairly MaiRtained-A Drop
Im Manila Raws and German Beet.

Writing from San Francisco on 23d in
slant the special correspondent of the AID
vERTIsER sends US the following budget OH
sugar subjects:
THE NEW YORK MARKET.
A fairly active business has been trans
acted, refners having entered the market
and bought quite literally, and since then
business has continued on about the same
scale. These sales have nearly all been
made on the basis of 5-16@5 7-16 cents
for fair to good refining, and 1916 for SIS
test centrifugals, thereby showing that buy
ers have been compelled to increase their
bids in order to meet sellers views, as in
timated in our previous issue. The mar
ket therefore has ruled in sellers favor,
but buyers have experienced no difficulty
in supplying their wants on the basis
quoted above, and the market closed yes
terday steady, with a moderate demand.
Refiners continue To- to buy .EEathsrr sqaringgiiy
and with caution, in consequence of the
moderate outlet for refined, and the ma
terial reduction recently made in produc
ton, and accordingly spot purchases only
cover their current requirements The
transactions include several cargOes OF
East India grades, which are now coming
into better demand on account of the alb
sence of domestic molasses grades.
EXCHANGE CABLEs-London, Nov. 18th.
Cane sugar firm, prices full up. Beet
sugar active at the advance. Java No. 10.
It's; fully fair refining MuscOvadO, las Cd;
Austrian and German beet, new crop, IS
test, las Cd.
REFINED-The market has ruled steady
during the past three days, with mod
crate demand. Production seems to have
been decreasing daily, as the offerings
have been growing smaller, and the sur
plus has been about all absorbed.
PRODUCING COUNTRIES.
Philippine Islands-Cable advices to
November 9th show ia 800 tons had sailed
for the United States since January LIST,
against So ,4S6 for the United States for the
same time last year; 66,753 tons are now
afoat for the United States, against 26,03S
tons at same time last year.
Brazil.-Cable reports an advance from
lbs Sd for Goiannas to 12s Cd, with sales of
good Americana for England at lbs Sd, and
buyers for England still i'll the market.
Bahias No. 8 sold at lbs with eager buyers.
Beet Crop.-Crop prospects remain UNI
improved as the manufacture proceeds,
and the opinion gains ground that the de
ficiency is much greater than NJ. LIGHT has
so far estimated. This seems to be con-
firmed by the extreme firmness of fabric
ants, who resist all efforts for lower prices
with commendable pertinacity, which
seems to be now meeting with success, and
a firmer and improving market for beetS is
being established.
Havana, November 7th.-0wing to UNI
favorable advices from abroad, much quiet
ness has prevailed in this market and sales
can be made only at a decline in prices.
which close nominal. According to the
'Fenix," of CienfuegOS, some of the sugar
planters of the district, in view of the fine
weather prevailing, intend to commence
their work before the end of this month.
The crop this year promises to be very
large. LA Situation de Sagua" says that
owing to the fact that the weather there
has been very favorable for the cane, the
work of sugar making will be begun earlier
than usual. Those who entertain high ex-
pectations regarding the prospect of sugar
during the coming campaign do not go
astray, as two contracts have just been
closed here for the whole crops of two large
estates. The buyer is the Cardenas Sugar
Refinery that will take the sugar as they
need it and will pay it one quarter OF real
above ruling prices at time of delivery.
Some movement is also being noticed III
molasses, of which the crop of one estate
that may amount to 1000 hhds. has been
contracted by Matanzas dealer at 81 %
per hid, with So 900 advance.
THE LONDON MARKET.
Although the variations in the price of
beet have been only slight, very duh tone