The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1896-05-06

SAN FRANCISCO, April 27.-Sugar-
The Western Sugar Refining Company
advanced all grades of refined for Cali
fornia, Oregon and Washington 1-Sc pei
ID, the 9Th inst, and again On the 18th
inst, nc. per 10. Since the 18th inst.
there has been no change and prices
are quoted as follows: Cube, crushed
and powdered, Size; dry granulated
SEC; confectioners' A, sac; Magnolia
A, SAG; extra c, Size; golden c, &c.
Prices in bond for export were also
advanced on above dates 1sc. per 10.
and we quote on the basis of 51sc. net
for granuIated. We quote Hong Kong
granulated in this market at 51ac. and
beet granulated at 52sc. net.
Basis-Advanced to &c. net for SO pei
cent test on April 9Th, and 4 1-16c
on April 18th The only sales reported
since our last circular were $4,000 bags
spot at 4Ac. on April Sth, 5000 bags
spot at 4Ac. on the 9Th, and 5000 bags
spot at 5-16 on the 18th inst
Eastern and Foreign Markets-We
have to report a strong and advancing
market since our last circular, but the
business in raw sugars in New York
has been almost at a Standstill owing
to buyers and sellers views being 1Sc.
to &c. apart Boston refiners have
taken several cargoes of centrifugals
on the basis of 1850 for SO per cent.
test, but other buyers have refused to
pay this figure.
Even at 43sc there have been COM
paratively few sellers and it is certain
that since the 18th inst, no sugar could
have been purchased for less and very
little at this figure. Muscovados and
moIasses sugar do not seem to have
advanced in the same proportion and
have been quoted in New York dEring
the month at 334c. fer SO per cent. test.
Muscovados and 315c. for molasses.
The market for refined sugars has
been quite active and excited having
been advanced on April 7th to 5.06c. for
granulated, Sth to 5.1Sc. and 18Th to
5.3Lc.
The price of 88per cent. beet in Lon
don since our last circular has ruled
as follows: 7th, Us sgd; 9th, 12s It'd;
18th, 12s SID; 18th, Us 1012d; 18th,
12s Cd: 18th, Us 934d; 21st, Us Cd; 22d,
12s SID; 23rd, Us Sd; and 18th, 72s
81Aa.
c. Czarnikow & Co, London, in their
last circular received here, of April 9Th,
write as follows:
THE expectations of better trade |
after the holidays were not disappo1n-
write as follows:
The expectations of better trade after
the holidays have not been disappoln-
ted, and naturally America with its
light stocks took the Lead, refined ad- |
vancing 1-16c and then &c, being alto
gether los I'D per cwt. We cannot, |
unfortunately, boast of anything ap- |
preaching this, the improvement being
only about Sd per cwt., but white |
sugars have advanced well in a line
with raws, and some United Kingdom
descriptions improved even fraction
more But our renners are still work
ing at ruinous margins, based on cheap
previous purchases, the benefit of
which is almost entirely given away
to the consumer. In like manner for
eign granuIated held in second hands
cannot yet regain normal level, al
though foreign refiners have been out
of the market for a long time, and the
A pril tenders being very heavy, a large
quantity will probably be stored. What
holders generally think of the future
was lately apparent in the heavy pre-
niumS paid for summer deliveries, and
after the long stagnation it will not 1
require very strong demand to relieve
the market of pressing secondhand
supplies. especially when statistics be-
come more favorable. The Cuban re-
,eipts were again very light; the Amer {
can arrivals, as anticipated in our last, I
we're rather moderate, fresh shipments r
had to be ordered from this side, and
,ur visibles must and will decrease at
N unusual rate. Occasional reference e
O the course of events in 1898 are to
De met with, but we have now about s
90 900 tons more supplies than in that .
ear, and the rise in prices then should
lever be disassociated from the disas- d
rous subsequent decline; there is o
Iothing to alter the opinion that, at +
resent premiums, we shall have suff
lent sugar till next crop, and with light =
tocks in autumn, we ought to have
God summer trade at safe remunera- L
i've prices. if speculation does not b
gain overshoot the mark, and base n
IS operations more on future crop pros Il
ects here and in Cuba than on some
squeeze in autumn. +
AS regards SowingS an area IS eX- L
ected similar o 1894, and we fully a
7ant that, unless wonders should hap "
en in Cuba. The only doubt is eX-
ressed about Germany, where the q
ugar bill is still in allegiance, where y
he farmers pretensions are rather n
Ugh, and where factories have not yet V
cen able to contract the full quantity,
ut where ultimately, on speculation ~
r otherwise, it is hoped that the full "
rea will be sown The weather has II
OF been very favorable lately. cold d.
nd snow interfering with sOwings,
ut since then a change for the better W
as set in.
Beetroot-June advanced from rs 14d 10
rs lloyd, granulated from 13s 71ad III
, AS: Russian Crystals from lbs SID 81
1qsssHd paris from fcs S9. 80 re, fcs. Or