The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1896-07-21
Price Drops to Low Figure and
No Signs of improvement.
FRANCE PREPARING BOUNTY ACT
Falling on I'm Quantity stored In
United States and Cuba-Decline
in Price Due to Lack of Conf
dence-The Silver Agitation, Etc.

SAN FRANCISCO, July 10.-Sugar:
There has been no change in the
local market since our last. The list
I peices of the Refinery quoted today as
follows: Cube, Crushed and Powder
ed, SIS; Dry Granulated, 5A; Confec-
TONERS A, SIS; Magnolia A, AS; Elk
ira C, Az; Golden ABS.
Prices for export to the Hawaiian
Islands still continue on the basis of
AS for Granulated. Hong Kong Gran
ulated now quoted sc.
Basis:-Remained unchanged at g.
Is net until 18th ult., when it was re-
duced to 3ss net. On the 26th, another
reduction to 8 sic net; again on July
| /, to 3A net; July 7th, 3-16 net; 9th
8 1-S net. Sales reported as follows:
18th ult., distant arrival, 5000 bags at
SIS; goth spot, 400 bags, 3 5-8; 26th
spot, 1000 bags, 3 9-16; 9th spot, 1000
bags, same price; July 1 spot, 1,5O0
bags, 1-2; 7th, $4,000 (spoD bags,
7-16; 9Th spot, $50 bags, same price;
3-S, making net basis 1-S.
EASTERN AND FOREIGN MAR
kets-We have to report decline in
the market during the month, both in
New York and Europe. London quo
tations for beet, SO test, have ruled as
follows: June 9th, 10 10 IL; 10th,
/ 10 IA; 18th, 10 IL; 18th, 10 2 IA;
18th, 1O11-2; 10th, 1913; 18th, 10 ga;
10Th. 10 8; goth, 10 1-2 22d, 90; 25th,
10; 26th, 1913; 9th, 10 3; 10Th, 10 1 IL;
Goth, 10 IA; July 1st, 10; I'd, IL Ia;
Sd, 10 Sd; 9Th, 9 10 1-2; 7th, 8; 9Th
90 This decline has apparently been
caused by an indiscriminate selling in
| Europe, owing to lack of confidence
| in the market, also fear of financial diff
fculties arising from the inability of
spectators to meet their liabilities.
/ Mail advices from London under date
of June 25th report that the trade are
coming to the end of their stocks, and
it is expected that the present prices
will induce more regular buyers to
remain more or less independent OF
European supplies and are not sending
any orders.
France is reported as preparing to
follow the course of Germany with an
increase of bounty. The situation sat
isfactory for a good crop. In Austria
beets are reported about three weeks
backward and the present outlook only
an Indifferent one.
In America prices have been of course
influenced by the declining markets in
Europe and we also think by the sill
yer question, which at present seems
to dominate all Others and affects val
ues of everything generally.
Last mail adviees from New York,
under date of July Sd, quote Muscova-
dos, SO test, Sc.
Granulated declined in New York on
June 18th to $4S1; 18th to $4.75, and
no change until the 22d, $4.56; advices
on the 26th to $4.69, remaining I'M
changed until July 6, when it was again
reduced to $4.56, the present price.
Total stock of sugar at four ports
United States, July I'd, 1885, tons
against 294,105 tons same time last
year. At six principal ports of Cuba
by cable, same date, 1925 tons, against
294 ,105 tons same time last year. Total
stock in all the principal countries al
latest uneven dates, 1865, O03 tons
against 2,096, 595 tons same time last
year.
CUBA.-The prospects for next years
crop still continue bad and promises tC
be even less than the last one.
Our latest mail advices from New
York under date of July Sd report a
fairly good business in raw sugar, with
prices for the coming week largely de-
pendent upon European news. Refined
quiet and steady, with fair demand
Spot foreign granulated, nominalIy
4 SIG to 4 3-8 for medium German. ac-
cOrding to size of packages; 4.45 for
fine German, 4.55 for Dutch on spot
and to arrive; Dutch gran. for ship
ment quoted at Is 8, cost and freight
equal to 22S net New York Selected
medium gran. at - 1-2, C. i. f., equal
to Ala net New York.
London cable of July Sd quotes Java
No. Is D. s., II 10 IL; fair refining
106 beet, July, 10; August, 10 1 IL;
First Marks German gran, II II IA
f. o. b. Hamburg, equal to 3.99 net cash
delivered New York, duty paid
RICE.
Hawaiian-Market dull with sales re-
ported at 1-8 to 3.15 net; importers
now asking 3 1-3, so days.
Japan-Quoted at 3.75, duty paid
KONA COFFEE.
A small parcel of average quality per
Australia has been sold at Is 1-2c. We
quote market Is 1-2c to 10 1-2c Cen
trail Americans are dull and weak, the
prices having declined from lac to 1-2c
with a still further downward tendency
FLOUR.
g. G. Elk. Family, 3.65; Ell Dorado,