The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1886-02-22
THE SUGAR MARKETS.

Our advices from the Coast are far
from encouraging to sugar growers. On
the 4th February the California Refinery |
issued circular quoting at net cash the
following: (A) pat. cube sugar, 619; (A)
crushed, 619; extra powdered, 61a; fine
crushed, 615; dry granulated, 81; con-
fectioners' A, 8, being drop OF one cent |
all round; also the cheaper grades at a |
decline of p to q. On the 18th another
circular was issued by the California Re-
finery notifying the trade of a 10 cent
decline all round on syrups; and on the
18th, the day following, another 4 cent
drop on all grades of sugar was an
nounced by the same refinery.
There has been great excitement in
San Francisco consequent upon these de-
clines. The American Refinery does not
publish any price list and sells privately
to buyers. 1t is consi Tered absolutely
certain that the American must sell at a
loss at present prices. Their new and
old works are all disconnected, and cost
more than the California to run.
NEW YORK MARKET.
Latest advices from New York state
that the market had ruled dull and easy
during the past three days, no business
having transpired either on the spot or
in cargoes to arrive. Refiners appeared
Indifferent to all solicitations to buy.
The absence OF demand and unwilling
| ness of buying or even to bid for fresh
| supplies, coupled with an easier market
! in Cuba, and not altogether encouraging
| advices from Europe, caused sellers to
entertain lower views, and business has
been possible at concessions of 1-l6@1a
cent from our previous quotations, but
| the resolute manner in which refners
have kept out of the market renders the
situation very uncertain and almost
wholly nominal. There have been sell
ers on the basis of 5 1865 GIG cents
for Fair to Good Refining, and cents
for 90 test Centrifugals, but yesterday
these prices were unobtainable. The re-
ceipts of consumers by direct importation
during the past three days have been
nection with recent purchases and re-
serve stocks in bond, have relieved theil
present necessities and placed them in {
more independent position. An easier
market in Cuba has resulted in bids be
ing solicited on the basis of 9-15 cents
cost and freight, for 96, and 81 for go:
! test Centrifugals, without leading t.
business. Beet has ruled dull, with sell
ers at las Cd, cost and freight, for Firsts
and Us Cd for Seconds, but no transaC
, tons reported. There has been a Sigh
reaction in the London market, which
firmer and a rrife higher. The onl
$ sales made public since our last issu
comprise two cargoes of Phillipin
Islands sold on Tuesday, 52,531 mat
Cebu at AZ cents, and 26,859 do. Iloilc
: cents.
e The direct importations on reiners
e account since our last issue hav
+ amounted to 4O2 hhds, and 59,861 bags
y and the estimated stock in first hand
= yesterday consisted of 14,006 hhds. an
a 529, 1893 mats and bags.
II REFINED.-There has been some in
a provement in the demand, and som
, grades sold on Thursday at a shad
b higher prices, but yesterday the inquir
e fell off, There has been some deman
3 for export, and about 5000 bbls. hay
IS been taken at a shade less than g.
e cents.
l. LONDON MARKET.
l. This been an exceptionally dull weel
e with but little business in any descril
/ ton. Beet root has been slow of sale
IT declining rates, more particularly Il
n forward sugars, the quotation yesterda
|, afternoon for SO per cent being las 71a
d either for prompt or January to Marcl
n At auction on Tuesday about l APO tor
2, grocery crystallized met but a slow sa
e at a decline of Sd to Cd per cwt., exec
v for the finer lots, which sold at full rate
i Yesterday there were no public sale
but the few sales done privately were {
the basis of the lowest rates of Tuesda
lie Afioat the following is reported: II
n ''Noddleburn," 900 tons Java, at Il
3 Cd, quay terms Liverpool.
Y Our latest quotations are: