The Hawaiian gazette., 1888-03-13
COM ERCIAL.
H0N0LrLr. MARCR 3. -.

ffDAULl' IL. MA RC1 %, 1885.
The arrivals from foreign ports, for the
week, we're the Australia and Frederick
from San Francisco and the Mariposa from
Auckland and Sydney
The departures we're Il. B. NJ. S. Caroline
for Tahiti, the Lady Hardwood and b.
Printzeuberg for HongkonG, the G. d. Bry-
ant Mary Winkelmann and Msriposa for
San Francisco.
The shipments to San Francisco, by the
above, were entered at an aggregate value OF
S346, 697 II.
From inter-island ports, the receipts of the
week we're 52046 bags sugar, 1850 bags rice,
Z34 bags ava, 80 bags coffee, 1870 hides, a
live stock and a variety of other produce.
. Following is Williams, Dimond d Co.'s
: circular, received by last mail:
SAN Francisco, Feb. 2Sth, 1888.
DEAR SIR Our last circular was dated
! January 3lst, per Australia.
SUGARS-As predicted there has been
Y change in the local market in prices of Re
fined. On the ID inst, the American Re
I fnery reduced all grades to meet prices of
its competitor. On the Sd inst. the California
reduced Fellows &c per b. ana on the 9th
: inst. made another reduction in the same
? grades of 4 C per 10. These reductions, the
= American Refinery have met and there has
: been no further change since the 9th.
Prices of both Refineries are the same and
|. quoted to-day as follows:
q Cube &c D. Grannlated SIC, Extra G..
=, SIC, Golden &C.. 512c, other grades at the
s usual difference.
There are various reports concerning the
s relations of the Sugar Trust" and the two
! Refneries on this coast, but as yet nothing
: definite has been made public
= We have to report the following changes
. IN the Cuba Basis: After printing of our last
|, circular telegram was received from New
= York quoting sale of cuba centrifugals sc
: test on the 18th ult. at 5s<c.
.e On February LIST, 1t declined TO 53sc; 9Th
: 51fc; 10th 7-16c. On the llth 1t advanced
= 70 BIC but declined again on the 18th to
g 5 7-l6c. Since then there has been no change
= and the last sale reported Was on the oath
~ inst. 7-l6c.
!, EASTERN AND FoREIGN MARKETs-Both the
Z New York and all Foreign Markets have
s ruled dull up to within few days, when a
slight improvement has been manifested.
= The sales of Raws in New York have been
!. few and on a lower basis of values as noted
y above. Refined sugars have also declined.
q There being scarcely any demand for raws
" on account of the continued slow distribu-
/ ton of Refined buyers have shown indiffer-
q ence and unwillingness to stock up freely.
The London market has had a depressing
- - influence on account of its downward ten
u dency and lower values. Beets IS degrees
= test declined during the month to lbs l0d,
reaching this price on the 18th inst. Since
that date, however, gradual improvement
has taken place and on the 23d inst. London
* quotations we're i4s Cd and on the 25th had
advanced to las Sd for IS degrees test. The
6 weakness in London has been partly due to
~ heavy arrivals of cane sugar.
u In the week ending 18th inst, stocks in
= creased there 5000 tons. The frmer feeling
4s prevailing since that date was Immediately
felt in this country, causing an improved
az demand and stronger feeling among holders.
- The Trust, however, seems to have the slt1a-
oI ton we'll in hand and for the present is able
SEE 70 prevent any material advance in raws.
Our LATEST MAIL ADvICEs from New York
an received yesterday, state that tie buying of
/, raws and refined will very soon be necessary
on a larger scale, and then owing to the
SA strong statistical position, prices are quite
IS likely to rise again. The beet countries have,
Dasay 100000 tons less to export 10 .. X. while
sa1the U. X. requires as much or more sugar
= than last year. The United States requires
III 100000 tons and have but 1000 tons of it.
s Both U. X. and q. S. must be competitors
|. stfor sugars which only came to the U. S. last
y year, and this competition must raise prices,
"a Europe sees this position and is leading the
IeIrust by about 20 per 10 on Brazils, Cuba,
Ie and British West India sugars.
sd. Total stock February 10Th, in all the prin-
Hesipal countries was 1,132 1927 tons against
4 .35S, l79 tons the previous year.
pos Stock at four ports q. K. February 18th,
IssEEas 5000 tons over the previous week, or
uoe24 .097 tons against 20O,906 tons last year.
L3eceipts $1,000 tons, Deliveries 1000 tons.
cue Our latest telegram from New York re-
l lpt eived to-day, quote value Centrifugals Sc
est 7-l6c. Granuated &c. Beets So test
Ne4s lOd. Foreign decline checked. Market
aIetrong aud advancing crops unchanged.
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