The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1888-12-18
SUGAR MARKET.
WILLIAMS DnMoND & co.'s CIRCULAR.
SAN FRANcIsco, Dec. 4th. lass.

SAN Francisco, Dec. 4th, 1888.
Per s. 5. Australia
Our last circular was dated Nov. 9Th. per
Australia.
SUGAR-The local market for refined has
ruled strong since our last report, the prices
of both refineries have advanced. On the
7th ult. the American Refinery reduced their
prices &c. per h.; on the 18th the lists OF
both refneries we're advanced &c per h.,
making the lists the same except for cube,
which was quoted sc. lower by the Ameri-
can. On the 23d both reineries advanced
&c. on all grades and the American Refinery
made second advance the same day of 14c.
On the 9th the California advanced 40,
which was Immediately followed by the
American with like advance. On the
18th the California again raised its list &c.
and the American sc. This left the prices
of the former on the basis of SIC. for gran
ulaied, and the American &c. per Id. higher
all around. The New York market remain
ing unchanged, did NOT warrant these prices,
and the cause was wholly local.
Yesterday the b'k'tine Westmeath arrived
from Java with g. 300 tons sugar for the Amer
lean Refinery, and this a. m. they issued Il
new price list reducing all grades of re-
fined l &c per h., making price of cube 7s5,
Rranulated rs, Elk. c. &c. and golden "a
$50; other grades at the usual difference.
&c. rebate is also allowed off the list. The
California Refinery will no doubt follow
later in the day.
On the 9th inst, the Cuba basis for de-
liveries of Island sugar under contract, ad-
vanced to &c. for Sc test, and since that
date, there has been no further change re-
ported.
EASTERN AND FoRRIGy MARKETs-There is
little TO note in the condition of foreign
markets and healthy feeling still prevails.
The chief producing markets of the world
continue to reflect a buoyaut tendency, and
raw sugar has ruled firm.
Oar latest mail advices from New York.
of Nov. 18th, state that the market for raws
is strong, although the business transacted
has been of only moderate proportions.
The strength of the position is indicated
by the willingness of buyers to'pay higher
prices for their immediate wants The n.
Y. refneries seem to be sufficiently we'll
stocked, and the principal sales have been
made to Philadelphia and Boston. Musca-
vadoes have sold on the basis of 3-16c for
SO test, and 6s5c. for sc test centrifugals has
been bid by Boston refners. The N. Y.
refneries are only disposed to bid on prices
for forward delivery.
The Brazil markets have ruled firm. but
quiet, with rs. cost and freight asked for
So test. This quotation, however, is too
much above the parity of the n. Y. market
to admit of business.
Beets for December shipment have been
offered in London at l4s sd cost and freight,
for fir5ts, but no business reported. On the
10th inst, London beets So test, we're quoted
at 13s Sd, and since then the market has
advanced to 14s Id, according to quotation
of yesterday. Under date of Nov. 22d, N.
Y, Willett & Hamlin state that the future
of sugar is most encouraging to holders and
producers. M advices have been received
from any country predicting as large crops
as last year, except the Philippines, and the
beet crop, aud this latter have been re-
duced, and will no doubt, be further re-
duced.
Total stock in all principal countries on
above date, was 327 ,039 tons. against 1853 800
tons, same time last year. Stock at four
ports U. K. for the week ending Nov. oath,
was 5000 tons under the previous week. or
14S, 2S9 tons, against 1853, 4S1 tons, same time
last year. Receipts 1900, deliveries 1000
tons. Our latest telegraphic advices from
n. Y. of yesterday, quote value of Cuba
centrifugals, Sc test, SIC. Refined on basis
of TIC. for graduated. N. Y. and foreign
markets strong and advancing, caused by
prospect of short supplies. London beets
IS test, las 4d. Estimate of present crops
unchanged except beet, which LIGHT reduces
$1,000 and possibly 1000 tons.
RICE-Sales ex Australia were made at
$3.50 net cash. Best quality is now held at
$4.S5 a $4S719, with $3.50 full price for
grades little off color.
FLOUR-G. g. Elk. Fam. $500 per Dbl.
f. o. b. Ell Dorado $500 per Dbl. f. o. b.
Crown $4.95 Der Dbl. f. o. b.
BARLEY-No. feed, S715 a SOC. per ctl.
f. o. b. Ground or rolled, $3.50 per ton,
f. o. b.
OATS-Good feed $l.55 per Gil. f. o. b.
BRAN-Sl5.50 per ton f. o, b.
WHEAT-$I.60 a Sligo ctl. f. o. b.
HAY-Wheat comp. $3.50 q $500 per
ton f. o. b. Large bales, same price. Dat,
comp. $500 per ton f. o. b. Large bales
$14.50 per ton f. o. b.
LIME-$1.40 a S1.5O per Dbl. +. o. b.
EXCHANGE-London 60 dsct $4.So4,
n. Y. sight, 20c premium.