The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1888-11-29
COMMERCIAL.

Williams, DimOnd & Co.'s Circular, San
Francisco, Nov. 9th, per S. s. Aus
tralia.
SUGAR.-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
&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 favor
able.
The Cuba basis, for delivery of Island
sugar under contract, declined to 614c for
96 test on the 10Th ult., and &c on the
10Th. Yesterday we were advised OF a
sale of Cuba's in New York 9512 test at
616c on the I'd inst, 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 ult. state that refners
are Indifferent and appear to be sufici
emily we'll supplied for their current re-
quiIements. In consequence values
have ruled easier.
The marketing of the Louisiana crop
offers new source of supply and checks
the consum ption of Eastern refined, the
offering of the Brazil crop forward de-
livery at prices below present values also
has a weakening tendency AMI 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 a firm attitude. Nominal quota
tons are size 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 311ac, cost and
freight for 96 test centrifugals.
Under date of October 25th, 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 time, and that consuming coun-
tries, particularly the United States, are
dependent upon new crop supplies much
earlier this year than for many years and
as far as known, the new crop estimates
for the coming twelve months are al
most an absolute guarantee of higher
range of prices during most of that time.
NOfn 1Cf<<,
tries October 25th was Al POS tons
against 513,659 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 1929 tons
against ia ,089 tons last year. Receipts
Is, 800 tons, deliveries, II 900 tons.
On the goth ultO. London beets SO test
were quoted at las. 3D., and since that
date the fluctuations in the market have
been as follows: 22d, las. I'D; 23d,
l4s. 3D.; Goth, 13s. I'D; 9th, lbs,
31st, Us. 1O15d 1st inst, rs. Cd. Sd,
Us. I'D, and 9Th, Us. Cd.
Our latest telegraphIc advices from
New York of yesterday quote value of
Cuba centrifugals 90 test at 618c. Mar
ket unsettled, future doubtful. Euro
pean and foreign markets strong again.
All crop estimates unchanged. Refined
in New York has declined to the basis
of TIC. for granulated.
RICE-Sales have been made at 478c. |
so days. Chances favor an advancing
market as stock is concentrated
FLogR-G. G; Elk: Fam. s.: 90 per bbl.
fob; Ell Dorado "a 90 per Dbl. fob;
Crown, 81. SO per Dbl. fob.
BARLEY-No. 1 Feed IS q 8715 per ctl. |
fob. Ord or Rolled $3.50 per ton TO. b. |
OATs-Good feed, $1.25 per ctl. fob.
BRAN-$l8.50 per ton.
WHEAT-$1.55 (feed), choice milling |
$1.70 PER ctl. fob.
HAY-Wheat comp $15.5 Dat $14.5O;
Large Bales Wheat $3.50 "a $500; |
Large Bales Dat $500.
LIME-$1 40 and $3.50 per bbI. fob.
CHARTERs-Since our last, transactions |
have been on a liberal scale with Iron |
tonnage closed at AZ 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 at
above rate.
ExCHANGE-London 80 days sight
$4.S411a, N. Y. sight 121ac. premium.