The Hawaiian gazette., 1885-06-10
CommERcIAL.

HONOLULU. JUNE 10 iSS5-
By the last adviees from the Coast information was
obtained OF rise In the price OF sugar welcome news
10 this country although The present but few
planters enabled TO profit by the opportunity the
marketed. The rise will have good effect however
business and especially nice, the other Hawai-
ian staple product il quoted at advanced rates with
prospects OF still further advance.
Herewith we present the latest bi-mOnihly CONNER
cial trade circular issued by Messrs Williams Dmond
Co, which came TO hand on the sth inst, DER O. :
:. Aariposa;.
SUGAR:-since oar last report the Eastern ahd
European markets have Continued 10 improve. Manila
Sugars have continued to advance and the prospect Is
favorable for still better prices The cause Of the re-
cent advance after the past few months Of great dull
during which time sugar has sold lower than even
before IL chiefly due 10 the great shortage IN the Beet
crop. Il il well 10 note in this connection that nearly
one half the sugar supply Of the world consists Of beet
root sugar. II is grown in Germany and France prin
cipally and IL about the only sugar used on the Con-
tinent of Europe England and the United states are
about the only user OF cane sugar.
Prices have been go low that growers oil Beet have
been discouraged and consequently last year there was
much less planting and the weld was reduced about
twenty per cent, and this years crop IL sun further
This decreased production OF beet root has now
begun TO be felt In Europe and in consequence raw
sugar has gone up sc TO &c per n in New York
and from III 10 issc in London
Havana sugar planters preparing for an increased
average in the next crop. We quote from NeW l"tA
Exchanges OF May slst as follows; ,-.-,--..
The advance for spot sugar doc NOT as ialf!
the market sales OF sugar anoat- which are con-
sderably higher. The advance from the lowest pilee
London and on the Continent. and a. consequence,
receipts beginning 10 be affected which 30 "a ~
month - DO less than some time IN MAY lo'
and by reason Of increased exports OF refined the
MEETINGS ArC largely in excess Of lHst EeI " Vi-s
since January ist l. important. Then the excess
in fbe Tnitcd states was % 26 tone while now il IL
1879 tons less-a difference Of iss9 tons hhuauge
towards higher prices Inc Brazil crop y EI Ts
exhausted. sugar from Cuba and other West ihqleh
IL going away from to a much larger extent than
year while all these crops aTe smaller thah last
yer. -,-,,--.....- ,r..,
ccived from Europe - 90 tons while this year rehned
A. well a moderate quantities OF raws are being eN
orte 10 Europc in much larger quantities. II is aso
important TO that home consumption at TINS date
lA.t wear as f02 OOC tons over the preceding yer
while now II IL Il tons more than last year
In view Of the above facts j. would ssen maj a
change IN the parity OF prices In Europe anu mere mus
surely enable as 10 draw some necess"r! suF
NV YoEK' MAY 18th Cuba Ceutrifugals s5 per cent
test held at 6i cts and sales have been maze aoA
The tradc expect to advance prices one hall 70 one
cent per b which sill continue tcts below Lohuoh'
LoSDOS. May 18th. Beet lgs I'd. ,,,,,,-
The beet crop T. now estimated al one nan nIloh
tons short of last year England il substituting cane
sugar Cuba market Is very strong. 800, =,
On May 10th, the Manila basis advanced 70 '-si-MiH
aOth 533-MHy 2lst 10 5is and May 18th TO 90" the
RICB:~-Narket firm at &c q 5aa. Stock light aud
very little demand. -. .,.,
BRAN-sl5lOO per tOud.o-b.
BARLEY-No.l feed per ell. %
ohTsEFa ii1 SIS; med SIS; choice sl.sofo;b
HAY-oomp. wheat and oats $500; large bales
ITs i;O.S per Dbl.
CHARTERS Since our last, few transactions have
taken place, shippers have shown 0ut niue uisposl
uon TO make new engagements and never a pressure
Iron tonnage, $50, Cork U. X has been accepted.
English adyices continue unsatisfactory, aud al this
time we can only call the market a. very quiet.
We anticipate early harvest, with the yield still
ExcMANGE:-London ca days sight $3.50; Ncw
York sight 10 premium.