The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1886-04-05
SUGAR MARKET.

The San Francisco correspondent OF
the ADVERTISER writes to say that no
new feature in the sugar market has ap-
peared since the date OF his previous adj |
vices. There has been "another drop" /
in prices.
NEW YORK.
Latest newspaper reports from New
York give the following details: Raws-
The market has been fairly active the
past three days at easier prices; very
little. business has been transacted in
spot stock, the purchases consisting al
most wholly OF cargoes to arrive and for
shipment. The few sales made on the
spot have been on the basis of AZ a
cents for fair to good refining, and 51a
cents for Sc test centrifugals, but for
forward delivery refners have bought
pretty freely at 311s cents cost and freight
for 96 test, and one cargo testing 90 is re-
ported sold at the same price. Since
then buyers have again reduced their
limits and are unwilling to bid within
lilo az a cents OF this price, and it would
be difficult to effect further sales except
at a concession. Very little has trans
pired in MuscovadO grades, but buyers
views appear to have been about 234 a
1916 cents costs and freight for SO
test The controlling features of the
market are much the same as for some
time past, the continued weakness and
downward tendency of London being the
most potent influence, and one which
other producing markets have been una
BILE to resist. Beet has declined to Us
AID, and yesterday Javas dropped to las
| Cd, decline of cd since our last issue,
which would indicate a continued pres
! sure to sell in that market, and until
| confidence has been in some measure re-
| stored the downward movement is
scarcely likely to be checked, irrespec-
tive of favorable statistics and'crop bull
! ish reports Local refiners continue to
! operate with caution because of the slow
| outlet experienced for their product,
which at present prices they claim shows
loss, as they are working up raw ma
| terial purchased at much higher prices
than are now current. There have been
moderate transactions in beet at los Sd
down to los Sd cost and freight for sec
onds, April-May shipment, and frsts
have been offered at Us Cd, which is
above buyers views The whole market
left off March 18TH dull and nominal
with very little disposition to buy except
at a concession from sellers views.
PRODUCING COUNTRIES.
Cuba has already marketed about one
fifth OF her exportable crop of new
sugar, and without increasing stocks
elsewhere. 1t remains doubtful if any
larger crop than last year can be made
as in many districts of the island an i'm
portant fall off is anticipated. Porte
Rico crop is late, and at least 20 pei
cent under last years owing to the poor
condition of the cane. All the other
West India islands report smaller and
later crops than last year. The beef
crop appears to be finished, with a short
age of 100000 tons at least.
Cable advices to March 18th, from Ma
Mia, show II 200 tons had sailed for the
United States since January 1st, agains
&c, 1862 for same time, last year Forty
thousand four hundred tons are nov
afloat for the United States, against
34,O11 tons at same time last year. The
stock in New York is II $50 tons, agains
IA, 1877 last year.
LATEST QUOTATIONS..
Following is our usual table of price.
up to date of steamers sailing: