The Hawaiian gazette., 1893-08-15
COMMERCIAL
Williams, Dimond 4. Co.'s Sugar
Circular.
san FRANCISCO, July 81, 1873.

fined for the local market, and they
are quoted as follows: Cube, crushed
and powered, &C. A; dry granulated,
6sc.; confectioners 4, &C.; magnolia
A, sic; extra C, 5sc.; golden C. Sic;
d. sugar, 40; standard A, SIC.
Prices for export continue on basis
of &C. for graduated. The Western
Sugar Refining Co. have large stock
of both refined and raws on hand, and
have reduced their melt to |, $500
lbs. per day.
BASIS. = Remained at lie. from
June sd to July 18th, with only two
sales during that period, viz: July 5th
and 9Th, $500 and 1900 bags respec-
lively. On the 18th it declined to
( slice. tspot sale 500 bags, 18th, 4ac.
spot sale $500 bags, 25th, SIC. (spot
sale goo bags); since then there has
been no change, but spot sales of 5000
tons were made on the 9th, and 5000
bags on the 18th inst.
| As will be noted, values have very
materially declined both in the United
States and Europe.
The reaction has been brought about
directly on account of the financial
troubles or panic both here and abroad
and not from any change in the statis-
teal position of sugar, which remains
as strong as ever, but loses its influ-
ence for the time being by the much
more important influence above noted.
1t is difficult to tell what the out
come of this state of affairs will be,
but with the money difficulties re-
moved, there is no reason why values
should not become steady again and
prices advance.
Refiners continue TO purchase on q
hand to mouth basis and it is likely
that by the lst of August the invisible
stock in this country will be as small
as existed on the LIST of January.
The demand has reached low limit
as the trade throughout the country
are buying as lightly as possible, and
with the great excitement over the
wholesale failure of banks and conse-
quent tightness in money, the pros
pect for an increase in consumption
is not encouraging.
Our latest mail advices from Lon
don, July 18th, regarding the beet
crop, are as follows:
BEETRooT-has participated in the
prevailing want of good trade de-
mand as well as of speculative inquiry,
but business has been done in new
crop sugars chiefly, with moderate
August, LIS. l04d; September, LIS.
I'D; October, l5s.; observation-disclosures
Der, AS.
ID ains have haar moro sra,,ayaI d,,r
ing the last few days, and are reported
to have done good to the plants, even
in France where, however, the tields
continue TO show many empty spaces
which no amount of rain can improve.
The Journal des Fabricants antici-
pates, Notwithstanding slightly larger
sowings, heavy deficiency, estimated
IN some places as high as 80 to 30 per
cent. In Belgium, Holland, and some
districts of Austria and Germany, the
outlook is described in similarly
gloomy terms; bnt most Of Germany
and the larger portion of Austria are
decidedly better off than the western
countries; great irregularity, how
ever, prevails everywhere, and it is
very difficult TO Obtain even an APP
proximate idea of the general state Of
crops. 1t is hoped that a great deal
of the deficit in the west will be
covered by an increase in the east
especially in Russia; but with the
probable great exhaustion of old WISH
BILE and invisible stocks, lubricants are
not pressing sales, even at present
level.
Our latest mail advices from New
York of the 18th instant are as fol-
lows:
"London cable: Java, No. 10, 1ss. +;
fair refining, les. Sd. beet, July, 15s.
I'D; August, los. 7kd.n
RAws-The U. s. markets continued |
entirely nominal, waiting for Europe |
to settle somewhere. Beet sugars de- |
clined to los. Sd. fob. Buyers views |
are not above the European parity, but |
holders, hoping for an upward reac- |
ton, have been inclined to wait. |
However, later few holders accepted |
the situation, and sold their sugars on |
the parity basis rather than put them
in store, viz, Gle. for SO test Musco- |
vadoes and 34c. for SO test centri- I
fugals.
Our latest telegram from New York I
of today quotes no sales eentrifugals.
Granulated unchanged, beets les. /
Trust certificates, common 64I, pre-
ferred So.
RIcE-Market has continued sta
tionery since our last. Light sales
have been made at &c. net which fig
ure we quote. The outlook for inn
proved prices on new crop is very
poor. Carolina still arriving at cost
$3.50 to 50.
FLoUR-G. G. Elk. Family 81 per
Dbl. TO. b.; FL Dorado SO per Dbl. fob.
Crown $3.50 per Dbl. fob.
BRAN = Sl7 per ton fob, very
strong.
MI6DLINGs-s24 to s245O per ton
fob.
BARLEY-No. l feed, s24c. az S5e.
per ctl. fob; ground or rolled $3.50
per ton fob,
OATs-Fair sL37g a, s1.4O, choice
S1.50 per ell. fob.
WHEAT-Chicken S1.25 a. S1.3O,
milling S1.35 per etl. fob.
HAY Compressed wheat S1O.5O n,
S11.5O per ton fob; compressed oat
SO per ton fob; large bales, wheat
s12, oat so.
LIuE-SI a. SI.15 per Dbl. fob.