The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1886-02-11
THE SUGAR MARKET.
A Further Drop In Cubau-Large Sup
plies and Low Prices.


In San Francisco the special feature
| developed in the sugar market, since the
departure of the Zealandia, was further
| drop in Cuban. This time the amount
! recorded as the decline is e cent as
/ against 1-16 cent in our last advices,
making 3-16 in less than a week. OF
| course, as the sugar crops are being mar
keted, it is only natural to expect drop
! in quotations, but the effect of the fall
will be seriously felt by all our planters
who are selling on the Cuban basis. In
San Francisco the market has been
| flooded with Hawaiian raws of good
quality at cent pound less than the
price contracted for by the American
Refinery. Both the Coast refineries have
sufficiently large supplies to work upon,
and about 10000 tons of Hawaiian raYs
are going a-begging, this being the
property of those who held on-and-off
during the recent developments in the
| contract complications. Mr.. Steele,
| President of the American Refinery, has
returned from the East, where he went to
obtain new machinery, especially large
vacuum pans. The general sugar market
is very quiet.
IN NEW YORK
The most prominent feature of the mar
ket has been the offering from London of
Demerara grades, and the actual sales of
about 800 tons, trans-shipment from a
IL, %l,oR g, 70 r
below the parity of current quotations.
This has naturally disturbed the market
for spot supplies, which has ruled dull
and nominal, consumers having showed
very little disposition to add to their sup
plies, and in the present temper of buy
ers it would be difficult to sell except at
a considerable concession from quoted
| values. The continued receipt of sup
| plies by direct importation has SO
far repleuished the stocks of re-
finers that they have given more atten-
ton to covering their future wants by
| purchases in foreign markets. The par
ticulars of the sale of Demerara from
! London have not been made public, but
the rumored price is los Cd cost and
freight, which is thought to be equal to
trile more than 6 cents for SO test
! centrifugals. Since the sale was made
| further lots have been offered at still
| lower prices, but so far as known no
| further transactions have been COM
| pleted.
! PRODUCING COUNTRIES.
Notb;pc rov, hoe fro pcpirad rooar1inoy
| the various crops, and the estimates re-
main unchanged. The Pernambuco crop
| is nearly exhausted. The Bahia and
Aracaju crops are now being shipped.
There have been no shipments from the
Philippines thus far this year.
Havana, January 16th.-(per MaiD.-
Under the stimulating influence of favor
able advices from New York and Lon
| don, and further confirmed decline in
the production of European beet sugar,
an active demand continued to prevail
at this place, giving margin to the sale
of several large parcels of centrifugals at
full prices, this being as yet the only
class of produce of which receipts are
large enough to allow selections to be
made, stocks of molasses, sugars and
MuscoyadOes keeping too small to operate
upon But towards the middle of the
week advices of less cheering character
began to be received from the leading
| consuming centers, compelling buyers
/ either to withdraw altogether from the
| market or to lower their offers to such q
/ point as to render them acceptable only
to such holders as were in great need of
money and pressed to sell. Owing to
the cold weather that has prevailed, the
/ yield of the cane has considerably in
creased, and a noticeable improvement
| has taken place in the density of the
| juice; crop equal to the previous one,
/ at Least, may be reasonably looked
after, providing the weather continues
favoring planters.
THE BEET CROP.
The figures relating to the beet crop of
Europe are those of NJ LIGHT, a recog-
/ nized authority on the subject. The
/ actual outturn for the season of 1875
was 2,545, 1888 tons, the largest in the
history of this industry. The crop now
in course of fabrication NJ. LIGHT esti-