The Pacific commercial advertiser., 1893-04-21
THE MARKET.
Extracts from Williams, DimOnd
& Co.'s Circular.
SAN FRANCISCO, April II, 1898.

SUGAR-Prices of refined in the local
market continued without change
until April 4th, when the Western
Sugar Refining Company advanced
all grades &c. per h., owing to the
constant Improvement in prices which
has been taking place both in the
Eastern States and Europe.
EASTERN AND FOREIGN MARKETS
As will be seen, the New York
market for Raws has rapidly advanced
following the advance in Cuba and
other producing countries, and conse-
quently refiners have been obliged to
raise the prices of Refined from 4sc.
March 21st to 4.94 net for Granulated
to-day.
The principal cause for this improve
ment in prices is on account of reports
from Cuba, where it is confidently
asserted now that the crop of the ISL
and will be materially less than that
of last year. The figures, as yet, do
not show any falling off, and the re-
ports may prove to be incorrect, as
sometimes occur when higher prices
are wanted. The interest taken by
reiners has been sufficient to induce
free buying at the advancing prices,
and they now hold fair stocks for the
season, of largest demand for refined.
European markets were of course
favorably affected for the same cause,
and prices there advanced above the
parity of our market. 1t is reported
that in Germany an absolute scarcity
of raw sugar prevails, and many re-
fineries have been obliged to close,
with the result that the German gran
ulated advanced Cd. per cwt., which is
also considerably above the price of
American. The future of the refined
market looks strong, and grocers have
been purchasing largely. In general,
the strength of the sugar business is
on satisfactory basis, and there
seems to be nothing to lead to any
reaction from the recent improve.
ment.
Total stocks at four ports, United
States, March 30th, 14O,1 tons,
against S9,410 tons same time last
year.
Total stocks at four ports, United
Kingdom, March 25th, 1880 tons,
against 96, 1853 tons same time last
year.
Total stock in all the principal coun-
tries at latest uneven dates, 1,514, $50
tons, against ], $780, ,297 tons same time
last year. Stocks in Havana and Mat
anzas, by cable March 30th, 100000
tons, against $4,000 tons same time
last year. Advices from there by mail
under date of March 25th, state that
spectators have been paying prices
much above the parity of leading con-
suming centers, so that exporters were
unable to secure parcels of any ac-
count. Planters also are offering their
sugar sparingly.
Our latest mail advices from New
York of the 5th inst, state that the
refined market continues to advance
and raws are stronger than ever, be-
cause refiners have come forward and
paid the prices asked by sellers, TAX
ing all the sugar they could get and
leaving sellers masters of the field.
MuacovadOes, SO test, quoted at 34c.,
and SO test centrifs. at 38c.
Sellers are now asking further ad-
vance, and the general opinion is that
centrifugals will eventually sell at &c.
per Id. within 80 to 60 days.
Europe is fully &c. per Id. above New
York, and still advancing.
London cables quote Java No. Is at
It's. 73d. Fair refining, 15s. Cd. Beet,
April, 16s. I'D; May, los. Sd.
Our latest kilograms from New York
of to-day quote London, beets, SS test,
los. 104d.; Centrifugals, SO test, 3ac.
Market rather less active at the adj
vance which is caused at the prospect
of short supplies. 1t is believed that
prices will not only be maintained,
but go still higher. Estimates of last
beet crop unchanged; present crop 9
per cent. increased sOurings.
Latest estimate Cuba crop, $4,000
tons.
European and foreign markets
steady.
Trust certificates, common, $1O1a;
preferred, $9S.
RICE-Local market was never so
demoralized. Louisiana, quality equal
to Hawaiian, is constantly arriving
and costs 1926 laid down. importers
of Sandwich Island are holding in
warehouse and selling small lo,s:at
1915. Large lots would not bring over
$3.50. The outlook is for no better
market for some time.
FLoUR-G. G. Extra Family, $4.O0
per bbl. fob; Ell Dorado, $40 per
bbl. fob; Crown, $3.9 90 per bbl. f.o. b.
BRAN-$15.50 per ton fob.
MIDDLINGS--$19.O0 per ton fob.
BARLEY-No. Feed, 921c. per ctl.
fob; Ground or rolled, $1,000 per ton
fob.
OATs-Fair, $3.50; choice, $1.65 per
ctl. fob.
WHEAT-Chicken, S1.35; milling,
81. 374 ner ctl. fol
HAY-Compressed wheat, $1,000 @
$11.00 per ton; compressed oat, $1,000
$1,000 per ton.
HAY-Large bales, wheat SIP @
$13; oat $3.50 0 $10.50 per ton fob.
LIME-$1 @ $1.15 per bbl. fob.
CHARTERS = Owing to declining
European market wheat shipping has
virtually come to asstandstill. Moth
ing done since last month, and to-day
we cannot quote last rate-17s. sd. q.
X. 2s. Cd. less direct-obtainable.
We cannot see much chance for
business until new crop wheat comes
into the market. Lumber charters:
Puget Sound or British Columbia
loading we quote.
Sydney 27s. Cd. "a 30s., Melbourne,
Port Pirier or Adelaide, 36s. Sd. West
Coast South America, Valparaiso, 90.
30s.@ 32s. Sd.
EXCHANGE-Sight So. .S9s sixty days
S4.87 on London and regular 20c.,