The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1890-03-12
WILLIAMS, DIMOND g. co.'s CIRCULAR.
SAN FRANCISCO, Feb. 81. 1890

Our last circular was dated January
3)th, per Australia.
SUGAR.-The principal item Of inn
portance in the local market has been
the appointment OF a receiver over the
American Refinery by Judge Wallace on
the Eth inst, which has resulted in this
refinery being closed and the sale OF re-
fined sugars stopped. A writ however
has been issued by the Supreme Court,
returnable on March 3rd. restraining
Judge Wallace and Patrick Reddy, the
receiver, from interfering in any man
ner with the works of the refinery, and
ordering them to show cause why this
order should not be made permanent.
Until the decision, March 3rd, the re-
finery will continue closed. In conse-
quence OF above, the market for refined
has been very unsettled.
On the 9th inst. prices of refined were
reduced &c. per ID. on all grades, and
on the 18th inst another reduction of
1sc. was made
Since the decision against the Amei l.
can Refinery, prices have been advanced,
and we quote for principal grades to-day
as follows: Cube &c, gran. 658 c., ex. c..
Sc C. and gol. G. 81 c.
Cuba Basis According to sales of
Cuba Centrifugals in New York, the
basis declined 3rd inst. to 5 9-l6 C. for
96 deg test, 18th inst. advanced to
5.65 and 10Th declined to 55sc. Since
the 10Th there have been no sales re-
ported that would affect the basis.
EASTERN AND FOREIGN MARKETS.
The New York market has continued
in much the same condition as last ad-
vised. There has been good demand
for refined, but the competition between
the trust and independent refineries has
reduced the price, which is now lower
than at any time last year, while the
margin between raw and refined is only
&C., against "a to ~ C. last year. In
raws the same Indifference prevails
which has characterized the market for
some time past.
Buyers show little disposition to stock
literally for future requirements The
tendency of such policy is to discour-
age consignments, and consequently the
spot supply in first hands remains small.
Direct impOrtatiOnS keep retiners we'll
supplied.
Advices from London and other Euro
pean markets have ruled firm during the
month, and this has had tendency to
strengthen the views of sellers in New
York, SO that the price Of raw, nOtwith-
standing the general inactivity of the
market, has shown very little change.
The advance in the European markets
is due to increased consumption and
small offerings Of cane sugar.
The surplus of sugar in the world is con-
fined to the beet countries entirely. The
United States has virtually no stock, and
about l,2OO,00 tons to purchase during
the year, which will be supplied as much
as possible from the cane producing
countries and the balance from European
beets.
The fluctuations in beets in the London
market since our advices of the 9Th inst.
per Mariposa, are as follows: Feb. 10th
lis 1ORd, 18th Us 11sd, 18th Us 411ad,
l4tl, Us Sd, 18th Us I'D, 10Th, 12s, Goth
12s 11ad, 21st Us Sd, oath l2s 41sd.
Since the Oath quotations have remained
unchanged.
Total stocks in all the principal coun-
tries by latest uneven dates to February
18th was ,S45 $3.50 tons against 1,O42 $50
tons same time last year.
Stocl at four ports y. X. February 9Th
was 1872 1899 tons against 15S,3S5 tons last
year.
Our latest telegram from New York of
to-day reports no sales OF centrifugals
Granulated and beets unchanged.
Trust certificates 6138.
Owing to delays in the overland mails,
we are without the latest mail advices
from n. Y. at this writing.
RICE-The market has continued to
improve, and owing to smaller cOnsign-
ments by the steamer Australia than an
ticipated, holders have been able to ad-
vance the price still farther. We quote
for best quality Hawaiian to-day five
cents sixty days, and sales have been
made at this figure.
FLoUR-G. G. Elk. Fam. 420 per Dbl.
fob. Ell Dorado 1926 per Dbl. TO b .
Crown lis per bbl. fob.
BARLEY-No. l feed Soc per ctl. TO- b.
Granulated or rolled 1850 per ton fob
BRAN-Coarse 1880. Fine 1900 per
ton TO. b.
MIDDLINGs-17.5 so per ton OBJ.
OATs-Good feed 1.35 a 1873
Choice 4211a per ctl fob.
WHEAT-Good chicken 1.30. Milling
So per ctl. fob.
HAY-Good II a 1850. Choice IS. so
per ton fob.
LnE-I. Y. Z. l.5o. Other brands
40 per Dol. lob.
CHARTERs-There was a little better
feeling the first part of the month, and
iron ships were closed at 3Ss. Cd. U. X.
Havre or Antwerp, but the English
market having weakened, last rates are
37s. Cd. for iron and GAS. for wood, same
range. Disengaged list keeps down with
only 1900 registered tons free, in port,
and with pleasant weather for week OF
two, we should rapidly decrease our
loading fleet. For lumber business
Paget Sound loading We quote to Mel.
bourne 67s. Cd, Sydney sos, Adelaide
67s. 3d., west coast South America, Val
paraiso for Cos. (0 62s. Cd.
EXCHANGE-On New York regular 25c
Telegraphic 30 a Acc. London sixty
days sight 4.S3 a 4.S31s. Sight 1859 a
4.S7