The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1888-11-20
CAL. REFINERY.
AM. REFINERY.

Until recently the New York market
has been above the parity OF our market,
consequently preventing any business in
shipments very far East. With the
above decline, we are now below the
parity of the Eastern markets. Buyers
exhibit considerable caution in purchas-
ing even at the decline.
The Pacific Coast Sugar Company OF
Alvarado has commenced marketing its
product, and same is selling readily at
&c. 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
favorable
The Cuba basis, for delivery of Island
sugar under contract, declined to 6Lc
for SO test on the 18th ultimo, and &c. on
the 10Th. Yesterday we were advised OF
sale OF Cubas in New York 9515 test at
6isc. ON the I'd instant, but same has not
yet 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 9th ultimo state that
refners are Indifferent, and appear to be
sufficiently well supplied for their cur
rent requirements. In consequence,
values have ruled easier.
The marketing of the Louisiana crop
offers a new source of supply, and checks
the consumption of Eastern refined, the
Brazil crop for forward delivery at prices
below present values also has a weaken
ing tendency, and the effect of the beet
crop upon European markets is being
closely watched. Under these circum-
stances buyers of both raw and refined
sugar are inclined to operate cautiously
Holders OF raws, however, still show
firm attitude. Nominal quotations are
51sc. for SO test Muscovadoes, and &c.
for 96 test Centrifugals. Very little stock
is left in Cuba for export.
New crop Demerara is being offered
for November shipment at 315c., cost
and freight for Sc test Centrifugais.
Under date OF October 18th, Mess.
Willet and Hamlin state that it is quite
apparent that the consumption OF sugar
in the world during the past six months
same time and that consuming countries,
particularly the United States, are de-
pendent upon new crop supplies much
earlier this year than for many years,
and as far as known, the new crop esti-
mates for the coming twelve months are
almost an absolute guarantee of a higher
range of prices during most of that time.
Total stocks in all the principal coun-
tries October 18th was All ,205 tons
against ,659 tons at same time last
year. Stocks at four ports U. K. for the
week ending October 9th, $500 tons
under the previous week, or 152, 1923 tons
against ia ,089 tons last year. Receipts
13, 500 tons; deliveries II 900 tons.
On the 10th ult. London beets SO test
were quoted at 143 and since that date
the fluctuations in the market have been
as follows: Odd 14115, 23d 14-3, 26th
13-111a, 9th -, 31st l2-1O15, LIST inst. u
6, Sd PIX, and 9Th 1873.
Our latest Geographic advices from
New York OF yesterday quote value of
Cuba Centrifs. SO test at 61sc. Market
future doubtful. European
and Foreign Markets strong again. All
crop estimates unchanged. Refined in
New York has declined to the basis of
nc. for granulated.
RICE-Sales have been made at 41sc. |
60 days. Chances favor an advancing
market as stock is concentrated.
FLoUR-G. 6. Elk. Fam. $500 per Dbl. |
o. b.; Ell Dorado, $500; Crown, 1896. |
BARLEY-No. Feed So and 8714 per
ctl. f. o. b.; gro. or rolled $3.50 per ton
f. o. b.
0Ars-Good feed SIPS per ctl. fob.
RPAN-&IQ IN nor ton
WHEAT-$l.55 decd, choice milling
81. 20 per ell. fob.
HAY-Wheat comp. $l5. 80 oat $14.5O;
large bales OF wheat $3.50 a $l7; large
bales of oat $15.
LME-$1 40 and 81 so per Dbl. fob.
CHARTERs-Since our last, transac-
lions have been on a liberal scale with
ron tonnage closed at AZ orders and |
wood at corresponding reduction. At
his writing considerable tonnage is due
md with quiet advices from England
We quote the market as fairly steady at
above rate.
ExcHANGE-London 60 days $4.S41I.
\. Y. sight 12iac premium.
To sail soon for Honolulu, November
18th bknte. S. n. Castle; Sth, bktne.
Discovery; 9th, bgtne. w. G. Irwin.
San Francisco, Nov 6, 1888.