The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1895-05-07

the prices of Western Sugar Refining
Company either for the local market
or for export. Prices are quoted as
follows: Cube, crushed and powdered
5sc., dry granulated 43c., confection-
ers A Ago., magnolia A 4Ie, extra G
4Bc., golden G &c., D sugar 38c. Price
for export 4c for granulated.
The demand in the local market for
refined sugars continues fair, but the
large importations from Hongkong,
together with smaller quantities from
other countries, has attracted the at
tention of the local refinery to con-
siderable extent; there having been
several meetings of the large jobbers
and the refinery to devise some means
whereby these importations may be
limited.
Basis-According to sales reported
in New York, there has been the fol-
lowing changes since our last circular:
April I'd $277, Sd q, 9th $2.77, 18th
q, 18th $2.77, 18th q, Goth $2.77, 22d
1882, 24th q, and since then no
change.
Eastern and Foreign Markets
have to note firmer feeling and an
advance in prices of sugar in this
country. Foreign advices have also
ruled firm. The London market
later has shown an improve
ment. For some time past i'm
porters in New York have been
strong in their views and endeavoring
to advance prices, and, as will be seen
by above quotations, have succeeded.
Considerable business has also been
done by spectators. London quota
tions for beets since April 1st have
been as follows: 2rd, 9s SGD; 3rd, 9s Sd;
4th, 9s 32d; 9Th, 9s Sd; 9th, 9s 24d; 18th,
9s I'D; 18th, s.; 18th, 90 I'D; 10Th, 9s
id; 10th, 90 I'D; 23rd, 90 24d; oath, So
23d; 25th, 90 Sd.
Our latest mail advices from Lon
don, of April 10th, state that the near
approach of the holidays, as well as
the more seasonable weather favoring
sowings on the Continent, have had
somewhat depressing influence on our
market, especially as the subsistence
of flooded rivers must bring larger
supplies to Hamburg, which have to
be disposed OF. The transactions done
are unimportant and show further
slight decline in value. The general
position has not changed, and with
such large supplies at hand it seems
almost that only some eXtraneous cir
cumstances can give increased ANNA.
ton to business. The weather during
the next four or six weeks will affect
the market almost as much as the eX-
tent of sowings, which are supposed
TO show only very moderate dimin-
ution. The German sugar law will
come on for discussion after the holt
days, and if premiums are raised the
no W
suit, which uncertainty may encour-
age cultivation of roots as a specula-
ton. Otherwise the German private
growers (whO cultivate about half the
crop are supposed to reduce their SOW
ings a little, whilst factories will SOW
fully as much, or slightly more. In
Austria, the Sugar Commission, now
sitting, recognizes the ACCESSIBILITY of
reducing if the other countries reduce,
and opinion in France favOrs mode
rate diminution, so that Europe pro-
badly will show show some reduction
which, however, may be of less i'm
pOrtance than the influence of the |
weather. A late spring is not favor
able, but it is pointed out that in 1889 |
this did not prevent large crop being !
grown.
Our latest mail advices from New |
York of April Goth state that the fea
ture of the market for raws has been !
in its uniform tone, with a !
little feeling of slightly bullish tenor;
yet the sellers have accepted former
rates without much objection, and
buyers have met them readily,
both on parcels here and to arrive.
The most pronounced strength was on
distant offerings, and for these in
many cases the only way in obtaining
accommodation was to advance bids.
Continued liberal receipts with the
same moderate MEETINGS of only 10000
tons, have caused a further increase
in the stocks, which are now near the |
zoo, 600 mark. There has been a grow
ing feeling that there should be an
in the price of raws, but
it ID recognized that Europe is an i'm
portant factor in the situation, to
which attention must be directed,
more especially for the future of the
market.
In refined only moderate business
has been transacted, but the most i'm
portant feature is the apparently open
ing disposition to an improvement in
Europe. Both raws and refined Ger
man sugars) are up I'D. Foreign mar
kets must be closely watched for they
will give important intimations for
refined prices. There is no question
that the prices of refined in this coun-
Try will be advanced generally at the
earliest moment that foreign markets
Will warrant it's permanency, whether
here is any increased business or not.
The increase will come with the first
eason next month.
Muscovados-S9 test, net cash, duty
laid, quoted at IL 16c, 96centrifugals,
&c. graduated So Sc; showing diff
erence of So. Last year net cash
- test Muscovados were quoted at q
=; 96 test centrifugals, 25c.; granulat-
ID, So 50; difference $1.05 London
able, same date, quotes Java No. Is,
S., II 3; fair refining, 9s; first marks
German granulated, los. 1O3d f. o. b.
equal to 1857 net cash,
delivered New York, duty paid. Total
took OF sugar In four ports Q. s. April