The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1897-04-30
COFFEE is DOWN
Limited Number Of Pack.
ages Reach Market.
Tariff May Pass Senate civilians.
Dimond s. Co.'S Monthly
Circular.

SAN FRANCISCO. April 19.-SUG-
.AR-Prices OF refined continued un-
changed until April LIST. when all
grades were advanced &c per h., but
on April 18th. a reduction of &c per
10. was made and again on April 18th,
nc per ID. Since the 18th inst. there
has been no change and the prices of
the Western Sugar Refining Co, for
California, Oregon and Washington,
are quoted as follows: Cube. Crushed
and Fine Crushed, SC; Powdered, Size;
Candy GRADUATED. sc; Dry Granulat-
ed. 47sc: Confectioners' A, 47sc; Mag
noIia A. 41kc; Extra c. 4asc; Golden
C. 4Ac. These prices are subject to
the usual rebate of &c per Id. Prices
for export advanced 10 45sc for Gran
uIated April LIST; declined on the 18th
to 41hc and 18th TO 45sc. The prin-
cipaI cause for the decline in Refined
in this market has been the weakness
and lower values in the New York and
London markets.
BASIS.-Advanced 70 3-32c net
March 26th, 3Hc net March 31st and
declined to 3 1-32 net April 18th. The
following sales in New York have been
reported:
March 23rd, HOO bags at 3 5-16c:
26th, spot to speculator 2600 bags at
11-32c and spot 5000 bags at 5-16c:
31st. TO arrive near by, 1000 bags at
3ssc: April I'd. due TO arrive $500 bags
at 31sc; 5th. spot $4,000 bags at 312c;
14th. to arrive. $500 bags at 9-32c,
and since that date no sales have been
reported.
EASTERN AND FOREIGN MAR
KETS.-Following our last circular
further Improvement took place in the
New York market. and prices of both
Raws and Refined advanced. The de-
mand for the latter was particularly
active and in many cases so large that
Refners were obliged TO cut down
their orders Granulated advanced to
1850 net on the 29th ult., and TO 4.47c
net on April LIST.
Sales of Centrifugals 96 deg. test at
37sc. Muscovados 80 deg. test at &c
and MoIasses sugars SO deg. test at
23tc were made on the 31st ult., and
for several DAYS after there were trans
actions on this basis. The improve
ment was caused by the anticipated
passage of the Tariff bill, but since
it's passage by the House with the
retroactive provision and the prob
ability of considerable delay before
its passage by the Senate, together
with the fact that very large impor-
tations of Raws had previously been
provided for. the situation has again
undergone a change and on account of
uncertainty prevailing, buyers. have
withdrawn from the market, and from
April 5th to April 18th. no sales of
Raws were reported and quotations al
though not changed were nominal and
the market since the ruled dull. it be
ing impossible to do business except
at a decline. which took place on the
14th inst.
The direct receipts of Refiners have
been very large and the full order OF
supplies for some time past has been
noteworthy. The price of Granulated
declined on the 18th to 4.35c net, and
on the 14th to 423c net. English ad-
vices continued fairly steady until the
10th inst. when London quotations
for Beet declined and the market has
continued to weaken since.
We quote prices for So deg. test fob.
Hamburg since our last circular. as
follows: March 23rd. 9s; Goth, 9s O%d:
April 1st, s; 3rd. 9s 0Ad; 9Th. 9s;
9Th. SIS 1O1hd: 9th. IS 9Ad; 18th. SIS cd;
18th. SIS sad.
The outside markets are directly In
ruenced nv the sudden cessation OF
American demand in Cuba. where
prices as usual had advanced beyond
the parity of our markets, tendency
has recently been shown to come with
and P0Ill0
now be purchased at a decline, but
even at lower quotations there Is only
a very moderate demand.
In addition to this unsettled state OF
affairs in our country. the French Sen
ate has passed the bill increasing the
bounties. The effect of same, however
seems to have been previously dis
counted. as after the passage or the
hill Rect sugars only declined I'D,
hut il is feared by some that as soon
as the short sales in anticipation are
covered. and the legitimate trade COM
neuces to realize. a further decline
NAV take place, especially as the pres
sure is likely TO come when the Eu-
ropean markets will not be having sup
mort from this side and especially con-
sidering the enormous stocks IN
France. COZ. 900 tons now. as against
394 900 tons. 321, 900 tons. $4,000 tons
and 33S. 900 tons in the corresponding
periods for the five previous years
On the other hand. according TO our
late mail advices from New York, 1T is
considered that these low prices and
poor future prospects may cause
large restriction in sOwings, and there
seems to be very few inducements for
the farmers TO plant Beets, for If low
prices and poor prospects are ever go
ing to reduce the production, this
seems to be the proper time.
The worlds visible supplies reached
nearly ,OOO. 900 tons last month, which
is 600. 900 tons in excess of the previous
year. 1t is now the time when stocks
should commence to diminish and
there may be a very large decrease
during this and the coming months,