The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1896-10-28
COAST MARKETS.
Williams DimOnd's Latest Trade
Circular.
Sugar Takes AuoTher Tumble - Graaulate1
1-4-Wheat Market Excited- Plice
Continues 10 Advance.

SAN FRANCISCO. oct. I9:-Sugar. We
have no change 70 note in prices Of re-
fined in the local market. although prices
have declined in the Eastern markets
5-sc per pound since our last circular.
The Western Sugar Refining Company
still quote list as issued July 9th, which
prices are subject to the usual rebate
of 1-sc per pound at the end Of each
quarter.
Prices for export continued unchanged
until a few days ago. when reduction
was made of 1-4c per pound in granulated
only, making the price Lie net cash,
other grades remaining unchanged.
Prices of beet graduated continue I'M
changed at 1-Sc per pound below re-
finery net prices. The rains reported re-
Gently being of short duration did not in
jure the beets in the fields to any material
extent and the weather since has been
perfect for harvesting, and the percentage
of sugar in the beets from most sections
Of the State is running high and very sat
isfactory to the producers.
Basis-Advanced September oath to
1850 net, declined October 5th to 3-4c
net, and since then there has been on
change. The sales reported are as fol-
lows: September 24th, to arrive, 800 tons;
18th, spot, 1000 bags; 18th, spot, 1900 bags;
29th, to arrive, 1000 bags; October LIST,
spot, $50 bags, all at Lice; October 9TH,
spot, LOO bags; Sth, spot, $50 bags; 9Th,
spot, 5000 bags; 18th, spot, AGO tons, all
at Sc for SO per cent test. Since the 18th
there have been no sales reported.
Eastern and Foreign NEUTRALITY-SUSPICIOUS.
ing our last circular the European mar
kets reacted a little for the better and
strong feeling was reflected in this coun-
try but later with continued weakness
and a decline in Europe, prices of all
grades of raw declined in the New York
market Lice per pound, centrifugals, 80
per cent being sold at &c; muscovados, SO
per cent, at 2 5-Sc. and molasses sugars,
SO per cent, at 2 3-Sc. Only a moderate
business was transacted at these figures,
and some importers stored their sugars
rather than accept these low prices.
Beet sugars had declined on the Sth
inst. to s IA, f. o. b., which is drop
of over As from the highest point reach
ed in April.
In December, 1894, beet declined to 6,
but in January, 1895, had advanced again
to 1-2, and closed that year at II,
f. O. b. Previous to 1894 the lowest point
was 8 9 in the collapse of the market in
1884, but recovered steadily afterwards,
until the average price the following
year was IA.
The present low prices are likely to
stimulate consumption and lessen pro-
duction, thereby bringing about in due
time more healthy state of affairs.
According to Geographic reports last
week from New York, Giesinger estimat-
ed the European beet crop at only 4,66O,-
600 tons, and the London market advanced
on the 18th inst to ga, and prices in the
Eastern market developed considerable
more strength at unchanged quotations.
strong reaction, however, immedi
ately followed by the publication on the
18th inst of LIGHTS latest estimate, max
ing the beet crop of Europe 100000 tons
against 4,27O,0OO tons last year, which is
100000 tons increase.
The price of beet Immediately dropped
to IA, f. o. b., and a weaker feeling
was shown in other grades in New York,
but no change reported in prices. LIGHTS
estimate of the German beet crop is l.,
100000 tons, against 1,610,0 900 tons last year.
Total stock of sugar in four ports of
the United States on Octobed 14th, 324,-
$50 tons, against 1854 tons same time
last year. Stock in six principal ports
of Cuba, same date 40 COS tons, against
stock in all the principal countries at
latest uneven dates to October Sth 1,162,
O35 tons against 1,1SS, 143 tons same time
last year.
Afoats to the United States from all
countries at same date estimated at 95,
900 tons against $4,000 tons last year.
Czarnikow's last circular received here.
dated London, October LIST, states regard
ing the situation of sugar that at the
close of the week owing to less favorable
weather reports from the continent the
tendency became decidedly firmer, with
an advance of 14d per cwt., but later the
Improvement in the weather brought
again weakness, and with large selling
orders from abroad the tone became de-
pressed and values receded Sd per cwt
on near deliveries and 1-2d on distant.
Business has continued very restricted,
the trade as we'll as spectators watch
ing the action of the beet manufacturers,
who lately have sold but little Of their
make.
Beetroot-There are always complaints
at the beginning of the crop, the quality
OF UnI 5pe roots being compared to the
average of The previous year, and these