The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1894-10-11

The demand fOr EienneG III lHS IOCdi
market has continued light, and the
Western Sugar Refining Company
have made two reductions in prices OF
all grades of Refined, viz. :-5c. per 10.
on the 18th inst, and &c. per 10. on the
9th inst. Since then there has been
no change, and prices are quoted TO-DAY
as follows -
Cube Crushed and Powdered, 6Ic. I;
Dry, GRADUATED Sc; COnfectioner 8
A, Sic. Magnolia A, 5ic. 4; Extra Z,
SIC. Golden G, 4Ic.; ID sugar, Age.
Prices Of Refined Sugars for export
to the Hawaiian Islands have for some
time past ruled at &c. lower than local
prices here, but on the 9th inst. were
reduced TO the basis Of 44c. for Gran
ulated. The principal reason for this
large decline is on account of competl-
tio1 from the Vancouver Refinery,
and partly on account Of the importa-
lions Of Hong Kong sugars. The Van.
couver Refinery have recently offered
sugars for export to Honolulu al 44c.
for Granulated.
The Western Refinery has not yet
received any duty paid sugars, and
consequently are not In position 10
obtain any drawback for export, and
owing to having sufficient stock OF
island sugars for all requirements, it Is
doubtful whether they will import
other foreign sugars for their export
trade. They will, however, receive
from time to time small quantities
from Mexico and Central America.
Basis-We have no change to note
since our last circular and the basis
continues at SIC. for So test. Spot
sales were made in New York at SIC.
for 90 test on September 4th, 9Th, 9TH,
10th, 18th, 18th, 18th, 14th, 18th, 18th
and 18th. Since the 18th there have
been no sales reported. You will note
that we quote the net prices, having
deducted the quarter cent per pound
allowed the refinery since the Imposi-
ton of the duty, and we will continue
hereafter to quote in this way.
Eastern and Foreign Markets-The
New York market for both raw5 and
refined has ruled rather dull and
heavy during the month, and transac-
tions have been small owing to the
fact that refiners have large stocks on
hand, and while they are willing to
purchase earlier in the month, any
raws offered on the basis of 3ic. for So
test, still later they have not appeared
particularly anxious and holders of
raw sugars have been more anxious
to dispose OF their stocks.
Large stocks of refined ale held
throughout the country, and prices
were reduced in New York to 4. So
18th inst AZ Goth inst. and i4c. 22d
inst. These prices are net less ] per
cent. and per cent.
1t il reported that some OF the
Trust refineries will soon be closed
and remain closed until the large
stock in the country is worked off.
German granulated is still Offering in
the New York market at 4le. less >
-
on this sugar amounts to 14c. per 100
pounds against Zoe per 100 pounds
extra difierential duty charged on
that sugar imported here.
The European markets continue to
decline and we quote prices of beets
during the month, OBJ. Hamburg, as
follows: September Isl, lis. 3d.; 4th,
lis. 1Old.; 9Th, 12s. lid 9TH, 12s.; Sth,
lbs. AID; 10th, lbs. 3d.; 18th. lis. Sd;
18th, lis. I'D; 18th, lis. 3d.; 18th,
lis. AID; 18th, lis. lid; 2lst, lis;
22d, lis. I'D; 24th, lis. I'D; 9th,
lis; 18th, lis. 3d.; aed 2Sth, los. Sd.
London cable of September 22d
quotes Java no. 10 at 13s. Sd fair re-
filming, lis. Sd.
The crop reports from all sources
point to an exceedingly large yield;
the growing European beet crop is
now estimated at 5,0OO,OOO tons or an
increase of 100000 tons over last
year.
Reports from Cuba have been very
favorable until recently when it was
reported that these islands had expe-
rieneed a severe hurricane, but late
cable advises the damage is yet I'M
known.
Total stock in four ports L. 5. Sept
ember Goth DDS, 29S tons, against 54,901
tons same time last year. Total stock
in the six principal ports of Cuba
by cable same date, l., 500 tons against
129, $50 tons last year. Total stock in
against 507, 030 tons same time last
year. Afioats to the United States
from all countries, estimated at 10000
tons against 10000 tons last year.
Our latest telegraphic advices from
New York of today report price of
Cuba centrifugals, 90 test, eX ship,
wharf, or store, SIC. Demand for raws
has ceased. and it is expected that
they will soon decline &c. per 10. Gro
GERS and jobbers' supply of refined is
so large as to cause a decreased de-
mand, and the refiners' supply of re-
fined throughout the country is also
large. Some of the refineries have
closed down temporarily.
burg, September, los. 3d.; October,
los. Sd. The outlook for 1895 is very
depressing, owing to the enormous
supplies everywhere.
Trust certificates are quoted in New
York, today, at 904 for common and
92I for preferred.
RrcE-Hawaiian, with fair demand
and spot stock beyond requirements,
price of rice has dropped to 4sc. net.
The new crop will not reach market
until December, and then prices are
bound to be lower, probably 4fc. or
whereabouts. Japan in fair demand
at 4ic., duty paid. Receipts 1000 bags.
FLoUR-Golden Gate, 1925 q bbl.,
fob; FL Dorado, $3.50 2 bbl., TO. b. {;
Crown, So 20 q Dbl, fob.
BRAN-Fine, S13; course, $3.50 9
SI4 per ton fob.
MISUNDERSTANDING, SIS; choice,