The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1885-08-24

The special correspondent of the AID
vERTIsER, writing from San Francisco,
| sends us the following interesting budget
| concerning the sugar markets OF the
world 1t will be seen that there has
| been no further decline in prices, but on
| the contrary that values are firmly main
| tanned.
THE NEW YORK MARKET.
An improved demand resulting in freer
sales has impaired firmer tone to the
market, and the business transacted
| shows that the decline established has
been fully recovered, and that trade
generally is in much better shape. Gable
advices from London have been some
what more encouraging, refiners have
experienced a better outlet for their
product with revival of the export de-
mand from London, and sellers have
! shown less disposition to quit their stocks
except at full prices These features, in
connection with the increased demand,
have given the market more cheerful
aspect.
THE LONDON MARKET.
The want of confidence in all descrip-
tons, which had been noticed for some
time, was even intensified; but a slight
recovery has been obtained for beet
Since then a very considerable business
has been done at advancing rates, not
only for beet, but all kinds have more or
less participated in the improvement
There is an advance of Is. from the low
est point. A good business has been
done in refining West India at fully Cd.
to Cd. above what could have been OBJ
tanned during the depression. More
attention has also been given to East
India kinds, and fair quantity has
changed hands at prices in sellers favor.
Grocery crystallized has shown decided
improvement, and the decline of 3D. has
since been fully recovered, with, appar-
emily, much more healthier Tone
Stock of raw sugar in London for the
week ending July 18th, compared with
the three previous years: &.
1885. 1884. 1883. 1882.
Tons. Tons. Tons Tons
10000 110,746 93,46o 110,743
Average for years 1882-1885, 1O4, PAT
tons.
THE BEET CROP.
Careful canvassing of the German beet
fields, by experts, confirm fully the esti
mates of short sowings, and render
large shortage in the crop certainty,
the full extent of which depends upon
the weather, and cannot yet be fairly
estimated. The steady reduction now
going on in the total stocks of consuming
countries should draw more attention to
the effect upon prices of a short beet
crop.
A carefully prepared statement of the
European beet sugar crop by Messrs.
Elmenhorst & Brodermann, of Hamburg,
says:
In 1884 the total sugar production
of Europe was. tons 2, 246, 900
While the entire consumption of
Europe was ............ 1864, 900
And the deficiency covered by i'm
pOrtation of Colonial sugar
amounted to. ............ tons 418, 900
Surprising the beet crop result this
year shows deficiency of only
Is per cent (the general esti-
mate is 20@25 per cent? the
production would be reduced
by ..................... tons ss7, 900
current year ....... 755,COO
Colonial sugar, even if there
should be-contrary to expe-
rience-no increase in the con-
sumption.
IN THE HOUSE OF COMMONS.
Sugar imports from the United States
fEo - 4Ao
House of Commons, when Lord @. Ham
ilton asked the Parliamentary Secretary
of the Board of Trade whether it was the
fact that $1,000 tons of refined sugar had
been imported from the United States in
the first six months of this year, and that,
according to statements make in America,
a bounty of e2 per ton was paid by the
United States Government on its exporta-
ton. Baron HI. De Worms replied: cit
is fact that 70 900 tons of refined sugar
have been imported from the United
States in the first six months of the |
present year. In reply to the latter part |
of the noble lords question, would say
that Her Majesty's Minister at Wash
ington has recently reported that Com
mission has been appointed by the new
Administration of the United States to |
consider the drawbacks; and that in
some of the evidence taken before that
Commission the present bounty on re-
fined sugar has been estimated at 92 per
ton.
IN SAN FRANCISCO.
The California refinery, on the 18th
instant, raised the price of extra G. by
one-fourth cent per pound This was
followed by similar advance on the
part of the American refinery. Other
grades remain unchanged, but the con-
is increasing and there is a
o.o,d .lo,nnnn,d Con. oil orraAns Ror,o..+e. |