The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1886-11-30
THE SUGAR MARKET.


Since olr last aIyices from the Coas,
there haas been another reduction i'm local
prices ia san Francisco. On 18th in
slant tine California Refinery reduced all
grades 10y cent. with the exception Of
cOnfectiOHers' "A grade that the Amer
can Refinery cannot make of such a
quality as to meet requirements The
American Refinery has not made any
public announcement Of a reduction, and
has not changed its price list as pub
lished, but We know on reliable authority
that it Is even selling at less than the
California Refinery on the quiet. The
price for dry graduated in San Francisco
is now 51a cents at the California Re
finevy-a lower figure than ever before
known. The dividend on profits for
planters interested in the American Re
finery, which is selling at less than 81,
will not amount 10 a very large sum for
this year
The movement in the Eastern direc-
ton Is also somewhat limited, but this is
always expected at this season of the
year. The shipments overland, how
ever, OF refined sugars still exceed
100000 pounds month. and the bulk
of this is from the California Refinery,
which has obtained good market, and |
at good prices. 1t leaves the cheap local |
market OF San Francisco to be supplied |
by the American.
THE NEW YORK MARKET.
The market has ruled moderate and /
steady, the business transacted having
been chiefly in Manila grades, which are
usually in better request at this season
Of the year, when refners are disposed
to run their houses slowly. Buyers have
paid full prices on the basis of previous
centrifugais having sold at
515 cents for 96 test, while a cargo of
Cuba MuscOvadoes has been placed at
( 9-16 cents for 80 test, which is equal to
i5a cents for 80 test. The tone of the
market shows, some improvement in con
sequence of more encouraging reports
rom Europe, with higher quotations
here, together with better demand for
e6ned, and accordingly consumers have
hown more disposition to buy. Stocks
n first hands are held with confidence,
md sellers are quite willing to await the
of buyers, which are neCes-
arilv slow in consequence Of the light
PRODUCTION OF the refneres. No fresh
business has transpired in Cuba cargoes
n cost and freight terms. There have
,een BUYERS at "a cents for 90 test cen
rifugals, but sellers have asked 1-l6 cent
lore. Beet has ruled quiet, but firm,
he advance in Europe having carried
alues much above the parity OF this
market, and beyond buyers views.
THE CUBA CROP. ,
Messrs. Hidalgo Il Co, Havana, have :
1st published their annual statement,
ON which it appears that the crop just !
nded amounted to 500 ,281 tons, against |
80 ,414 last season. I
Havana November (per mail I'm
-eased dullness has been the prevalent t
,ature during the week under review,
uyers for foreign markets in presence of
adverse reports, keeping aloof.
ales have remained chiefly confined to
lperior classes suitable for the Spanish
ade, for which holders have been COM
elled to make further concessions in ;
rices, the market closing to-day very :
met, and tending to decline. All y
lanters who could dispose of the ;
,quisite means have terminated :
leir preparations, and if the weather
2ntinues favorable, it is likely that
lgar making will he inaugurated
4 a certain number of estates during
lie last fortnight OF this month and
lrlier days of the coming one. Accord /
Ig to last advices from Trinidad, the y
me fields in that locality are in good
,ndition, and planters anticipate a p
rger crop than last year, providing the
Gather allows them to grind all their y
lne. /
Our latest quotations are: