The Hawaiian gazette., 1888-06-19
COMM CIAL.
HONOLULU. JUNE 70, 1888.


The principal receipts from domestic
ports during the week were 1888 bags
sugar and 4, 1S5 bags rice.
The shipments, per S. G. Wilder, Alex.
Mcneil and Wrestler, to San Francisco,
were of the aggregate value of 1924 ,0O3 30.
The following is Williams, Dimond d
Co.'s circular by last mall:
SAN FRAScIsco, May %, 1888.
Sugar-On the I4th instant both refin-
cries made a reduction of SO per ID. on all
grades of refined, and both price lists are
ROW the same except for Extra c, which is
quoted by the American at &c below the
California. Quotations for principal
grades are as follows: Cube, SIC; Dry
GRADUATED, SIC; Ex. G american Rein
ery), SIC; Extra C California Refinery,
81; Golden C, 45sc; other grades at the
usual difference. Prices here are now
below the parity of the New York market.
The Cuba basis remained at SIC for So
test until the 9Th instant, when it declined
70 8 1850, but on the 18th instant advanced
to 5 1890; since the 18th there has been
no further change reported.
Eastern and Foreign Markets.-The gen.
eral condition of the New York market
during the past month has continued much
the same as noted In our last advices, and
the predictions early n the year for much
higher prices have not yet been fulfilled,
and this in the face of the strong statistical
position of supplies all over the world.
PER AUSTRALIA, NO. 3.
Our last mail advices from New York, of
the 18th instant, state that buyers are not
disposed to purchase from spot supplies,
except what is actually necessary for pres
ent wants. Taking into consideration the
direct importations, they are carrying fair
stocks compared with current requirements,
although 1900 tons less than same time
last year.
There has been good enquiry, however,
for cargOes to arrive, but business has
been restricted on account of the disparity
between buyers and sellers.
The outlet for refined must improve con-
siderably before any important business
can be done in spot supplies. The prospect
for better trade next month is good, and
induces buyers to make provisions for
future wants. The frmness of sellers on
the other hand continues undiminished,
and they have been unwilling to make con-
cessiOns to effect sales.
Centrifugals have been sold on the spot
at 1890 for Sc test and Muscovadoes at
$40 for SO test. On cost and freight terms
57sc has been freely bid for cargoes attoat
and for shipment, and probably 1920 more
obtainable; but sellers will not shade
3 3-l6o, their asking price. According to
Willett d Hamlin's statistics of May 10th.
the total stocks In the q. S. on that date
were 1880 tons under last year, and re-
ceipts for this month were IA, 5S4 tons less
than same time last year.
Our latest telegraphic advices, dated
New York, May 2lst, quote value of Cuba
centritugals, SO test, at $40, market quiet.
Beets, IS test, lbs. 1015d. European and
foreign markets dull, and declining esti-
mates Of last crop unchanged. LIGHT
cables same date that the entire sowings of
beet are per cent increase over last year
Rice.-Market is over-stocked and de-
mand light. We quote price nomiuaIly at
6Ac, but there have been sales at sc.
hlce.-Sinoe our first advices under this
date market has gone to pieces, and We
quote price at 5J5sc to 4s[c, very weak.