The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1888-12-04
COMMERCIAL.
Williams. Dimond & Co.'s Circular, sar
Francisco, nov. 9th, per :. $. Aus

Francisco, nov. 9th. per :. 5. Aus
tralia
sUeAR.-Prices OF refined have de-
clined since our last report. Until re-
Gently the New York Market has been
above the parity OF our markets, conse-
quently preventing any business in ship
ments very far East. With the above
decline, we are now below the parity OF
the Eastern markets. BUYERS exhibit
considerable caution in purchasing even
at the decline
The Pacific Coast Sugar Co., OF Alva-
RADIO, have commenced marketing its
product and same is selling readily at
lsc below refinery prices.
The refinery at jacksonville is also
working full force and sending raw sugar
to this market daily. The outlook for
these refneries at present. prices is favor
able.
The Cuba basis, for delivery of Island
sugar under contract, declined to 614c for
96 test on the 18th ult., and &c on the
10TH Yesterday we were advised OF a
sale OF Cuba's in New York 95ls test at
6lBc on the I'd inst, but same has not
vet been confirmed by the refinery.
EASTERN AND FOREIGN MARKETS.
Since our last report the New York
market has ruled dull. Our latest mail
advices Of the eth ult. state that refners
are Indifferent and appear to be suffici-
entity well supplied for their current re-
quiiements. In consequence values
have ruled easier.
The marketing OF the Louisiana crop
offers 4 new source OF supply and checks
the consumption OF Eastern refined, the
offering OF the Brazil crop forward de-
livery at prices below present values also
has weakening tendency and the effect
OF the beet crop upon European markets
is being closely watched. Under these
circumstances buyers of both raw and
refined sugar are inclined to operate eau
tiously. Holders of raws, however, still
show firm attitude. Nominal quota
tioRs are 5Isc for 50 test Muscovadoes
and &c for 90 test Centrifugals. Very
little stock is left in Cuba for export.
New crop Demerara is being offered
for November shipment at 81 sc, cost and
freight for 90 test centrifugals.
Under date of October 18th, MessrS.
Wellitt and Hamlin state that it is quite
apparent that the consumption OF sugar
in the world during the past six months
was in excess OF the production OF the
same timer and that consuming couu-
tries, particularly the United States, are
dependent upon new crop supplies much
earlier this wear than for many years and
as lar Is known, the new crop estimates
Tor the coming twelve months are al
most an absolute guarantee OF higher
range of prices during most OF that time.
Total stocks in ali the principal coun-
tries October 25th was 1905 tons
against 5lS,659 tons at same time last
year. Stocks at four ports U. *. for the
week ending October 9th, $500 tons
under the previous week or 152 ,929 tons
against IL, 0S9 tons last year. Receipts
$500 tons, deliveries, 1000 tons.
On the 10Th ulto. London beets SIS test
were quoted at las. 3d., and since that
date the fluctuations in the market have
been as follows: 22d, 14s. I'D. 23d,
14s. Sd. Goth, is. 11sd. 9th, 1885,;
31st, rs. l0lsd; lst inst, 12S. 3D.. Sd,
rs. I'D, and 5th, Us. Sd.
Our latest Geographic advices from.
New York OF yesterday quote value OF
Cuba centrifugals 90 test at 61sc. Mar
ket unsettled, future doubtful Euro
pean and foreign markets strong again.
Al crop estimates unchanged. Refined
in New York has declined 10 the basis
OF TIC. for rranulatei
RICE-Sales have been made at sc.
SO days. Chances favor an advancing
market as stock is concentrated.
FLouR-G. G. Elk. Fam. 500 per Dbl
fob; Ell Dorado e 90 per Dol. fob.
Crown, $4.95 per Dbl. fob.
BARLEY-No. l Feed S. q S71s per ctl.
fob Grd or Rolled $3.50 per ton fob.
OAIS-GoOd iced, SI.25 per ctl. fob.
BRAN-$lS.50 per ton.
WHEAT-$I.55 decd, choice milling
$40 per -ctl. fob.
HAY-Wheat comp. $3.50, Dat $3.50;
Large Bales Wheat $3.50 a $500;
Large Bales Dat $500.
LNE-$1. 40 and $3.50 per BIOL. fob.
CHARTERs-Since our last, transactions
have been on liberal scale with Iron
tonnage closed AT A. orders and Wood
at corresponding reduction. At this
writing considerable tonnage is due and
with quiet advices from England we
quote the market as fairly steady ut
above rate.
ExcHnSGE-London 60 days sight
S4S4115, \. y. sight l211sc. premium.