The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1895-02-22

SAN FRANCISCO, Feb. S.-The West
ern Sugar Refining Company started
up their refinery on the 4th inst, after
having been closed down for about
two months. There has been no
change in prices of refined sugar
since the 14th uIt. The quotations to-
day are as follows: Cube, crushed
and powdered, Sc; dry granulated,
&c; eonfectioner's A, Acc; magnolia
A, 44c.; extra G, 45c.; golden G, &c.;
ID sugar, Ssc.
Price for export continues on the
basis of 4Ic. for granulated. Basis,
continued at 2lc., net, for So test until
January 23d, when it advanced to
2 25 &c, according to sales in New
York of 1900 bags at 8 1-32c. January
28th, advanced to 2 13-16c., according
to sales in New York Of 300 bags at
1.16c. January 3Oth, advanced to
1880, according to sales in New
York of $500 bags at 32c. January
S1st, advanced to 2Tc., according to
C. and I. sales in New York of 10000
bags at Bic. Since that date there has
been no change and no sales reported.
Eastern and foreign markets-Since
our last circular there has been an
improvement in the price of raws, as
noted in quotations above. This is
probably only temporary, and caused
by the hardness of the Cuba crop
and the strengthening Of beet
encouraged holders, who now
take a more hopeful view of the situa-
ton, at least for the immediate future.
II the sudden change TO weakness had
not taken place in the European mar
kets later, our markets would, doubt
less, have further improved.
London prices for beets TO. b. Ham
burg have ruled as follows since our
last circular: January 10th, SO. IL Id.
Sd. /; 3lst, 9s. AID. February 1st, So.
Sd. I'd, 9s. 12d.; 5th, So. Sd. 9Th, So.
2ld. It'll, 9s. I'D. and 8th, no change.
It is somewhat trying to attempt to
reconcile advancing markets in the
United States and Cuba, and declining
markets in Europe, but speculation
must answer for this circumstance.
Spectators in Cuba look for an i'm
provement ahead, and spectators in
Europe a decline. Statistically, the
position favors the Europeans, espe-
cially when cold weather shall no
longer interfere with normal deliver
les. LIGHT estimates the European
consumption Of sugar in December,
1894, at 347, 900 tons against 278,000 in
December, 1893. He estimates that
$4,000 tons remain available for ex-
port from Germany to August 81, 1895,
against Ala, 900 tons at same time last
year, and 500, 900 available for export
from Austria against 361, 900 tons, q
frfn rNf
tons, which does not look like scar
city of sugar for some time to come.
Under date of January 31st, Willett
& Gray give total stock OF sugar at
Four Ports, u. s., 129, 1898 tons against
4,006 tons last year. Stock at six
principal ports of Cuba, by cable,
105, 900 tons against $4,000 tons last
year.
Total stock in all the principal
countries-2, 267, 598 tons against 1, 767,-
GA tons last year. Afloats to the United |
States from all countries estimated at |
&c, 600 tons against same amount last |
year.
Tariff. The discriminating duty bill |
taking off one-tenth C. per ID. duty |
from countries which pay a bounty, |
passed the House on January 18th and |
has been referred to the finance COM |
mittee of the Senate but is not likely
to pass the Senate.
Beet crop. No change in estimate
except that Austria estimates may be
reduced $4,000 tons and Germany 3d.
900 tons.
Cuba crop. There is a possibility of |
the crop proving smaller than first es-
Inmates, but the harvesting, after con-
siderable delay, is now going on fast
without further hindrance, and every
thing points to large crop.
London cable Of February I'd quotes
Java No. 10 d. s. eleven-thirds, Fair
Refining nine-thirds. Beet, February
9th, II, March 9th, II. First marks
burg, equal $3.71 net cash, delivered |
New York, duty paid.
Our latest mail advices from New
York, OF February 4th, state that inn
porters are very we'll satisfied with re-
suits OF the weeks work on market for
raw sugars. The epitomiZed result is
reduced offerings in all nearby posi-
tions, and higher cost, and q general
feeling that the gain can be supported |
Tor some time. However, there is, on
the other hand, an idea that it is not
o1I! market, for long run and steady
selling at top rates is the rule, with the
easier accounts from Europe TODAY for
both cane and beet having rather a
quieting effect although former rates
are still quoted.
Another week Of inactivity simply
adds to surprise of operators in refined
and they are unable to explain the
remarkable manner in which the
country trade is keeping itself right
oo%n to limit of small parcels
rSalnst the consuming wants of the
i no Already, however, the feel
be c II mat the invisible supply must
ment sold down, and at any mo-
renaSa, broadening out of demand for
remarH ais SIS Is quite likely. Quotations
ary I7tb LONDON advices of Janu-
are as follows: De OF interest,"
n SstIgarIAlthough still Inactive. the
mar has shown more staodinass
1--we LIS week, and Notwithstanding the
Increase In Rtnnka -. -, 9eonuIhS InO