The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1886-09-06
THE SUGAR MARKET.
a Primer Feeling Prevails in New
YOrk-LRtest Quotations.

The San Francisco correspondent OF
the ADVERTISER reports a better feeling
in the sugar market, both in San Fran
cisco and New York. On the 2Sth
August, the day the Mariposa sailed, the
California Refinery advanced its prices
for white sugars by g cent. This has
been the only change on the Coast since
our last adyices, except that the Ameri-
can Refinery has reduced its rates and is
now selling for less than the California.
The result of this is that the American
supplies the local market in San Fran
cisco at cheap prices. The California
Refinery on the other hand is experience
ing Evelier movement by selling in the
East, as far as the Missouri, and the
country districts, from both of which
there is very active demand. Notwith-
standing the heavy imports from the
| Islands this year there is no difficulty in
finding a market There have been nu-
merous complaints of the delay caused
to shipping by the insufficient storage
room and absence of landing facilities
at the American Refinery, some vessels
having to remain idle for weeks waiting
their turn.
The New York market shows an adj
vance OF JIG cent in Cuban raws, and
a decline of Sd in beet. The refined
market in New York has advanced about
/ IA for graduated The market is re-
reported firm with good demand.
! NEW YORK MARKET.
! A moderate amount OF business in spot
stock has transpired on the basis OF pre-
! vious prices, and several cargoes to ar
rive have been placed at the same prices
that were paid early in the week, and
accordingly the market has undergone
scarcely any change. The demand has
| been of much the same character as here
tofore, the largest consumer being the
principal buyer, and taking only such
quantities as have been required to meet
current wants and supplement receipts
by direct importation. The market has
therefore ruled quiet and steady on the
basis of GIG cents for fair refining,
and 5-32 cents for 90 test centrifugals
The absence of any general demand, anC
the fact that one buyer has taken the
bulk of the sales made, has impaired
rather a tame aspect to business because
of the lack of competition, but supplies
have been held with confidence, as the
statistical position both here and IL
Europe appears to be working into better
shape. The visible supply in Europe
according to cable advices was 11O,00(
tons less than at the corresponding date
last year. The stock in Havana anC
Matansas was PATS tons, and in the
United States 32, 40 tons in excess o
last year, and deducting these amounts
from the above gives a net decrease il
the visible supplies in Europe, United
States and Cuba 90 ,112 tons less than las
year, which is significant factor in the
present condition of affairs. Increased
estimates of the beet crop is of courst
for the present the bette noir Of the suga
cargoes to arrive at 281 cents cost anC
freight for SO test, and this price coulC
|
slight concession might have to be mad,
for cargoes on the coast. Muscovadoe
could be sold at y cents cost and freigh
for 80 test, but no business has trans
pired. Beet has ruled dull and nominal
buyers having shown very little DISPOSE
ton to operate, as values are too mucl
above the parity of cane in this market
to admit of business at present
Beet Crop.-M. LIGHTS latest estimate
is 1855 900 tons, against 2,O7O,921 last
crop-say 314,O79 tons more, but still
161 900 less than the crop of 1884-S5.
HAVANA, Aug. 14-(Per Mail).-Nc
change has taken place in the sugar
market during the week, buyers and
sellers keeping aloof on account of the
adverse reports received from the lead
| ing consuming centres. Sales have ac-
cordingly remained restricted tofew small
parcels at irregular prices, which close
entirely nominal.
Our latest quotations are