The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1897-01-07
williams. Din0nd & Co. Report
On Trade.
SLUGGISH IN ALL MARKETS
Short Crop in Louisiana Trust to
Be Seriously AntagOnized.

| the prices of refined grades in this mar
ket, and we quote list prices of the
| Western Sugar Refining Company as
| follows, less the usual rebate of 1sc.
! per ID: Cube, crushed and fine crush
ed. &C.; powdered, Size; dry granulat-
ed. 43sc,; magnolia a, 41ac.; extra c,
| 42sc.; golden c, 414c. The price for
export in bond also remains unchanged
on the basis of 41sc. net cash for gran
ulated. The demand for refined is
very light and the sales continue small.
Basis: Continued at 3 Lice. net an
til the 18th inst. with no sales reported.
On the 18th inst. sales were made in
New York, price to be fixed on the next
sale, and until the 22d inst no transac-
lions were reported, but on this date
private sale of 1000 bags at Bloc.
was reported, which reduces the basis
on the 18th and since that date, ID 2
15-16c net. Since then there has been
nc further change, and the only sale
reported was on the oath inst, 5000
tons at 3-16c.
Eastern and Foreign Markets: As
will be noticed from the above quota
tions of centrifulgals, there has Daen
virtually little business in raws in tine
cular. centrifugals. 90 test, being nom
inally quoted at SIC; Muscovados, 80
test. at 27sc, and molasses sugars, Nos.
to IS, SO test, at 25sc. The London
market has also ruled duh, and the
fluctuations in price of beet have been
slight We quote as follows: Deem
Der 4th, 9s I'D; Sth. 9s sd; 9th. 9s
I'D; 10th, 9s sd; 18th, 9s; 18th, 9s q d;
DC DC IL. DC
and since then unchanged G. Czarni-
kow, London, in their latest circular
of December 10th, report as follows
concerning sugar;
The result of this weeks business
shows a barely steady market; there
is still an absence of activity, and
transactions, both in beet and cane,
continue unimportant. The hand-to-
mouth antics of trade buyers are likely
TO insure a continuous demand from
week to week, while prices are regu-
lated by the policy pursued by sellers
of beet. At the moment there seems
nothing to justify any serious fluctua-
tons in values, the visible supplies Re
ing more than sufficient for the cur
rent wants in both Europe and the
United States. but the actual level of
resistance on the part of holders OF
sugar to prevent further depreciation,
especially as the contracts for roots
for this season are resulting in heavy
loss to lubricants. Whether these IN
remunerative rates will have a bear
ing on next years sowings remains to
be seen; indications are certainly not
wanting that in some of the beet-pro-
fpin &c
effects of Over-production are being
felt.
The transactions in cane descrip-
tions have been quite unimportant;
grocery crystalized is neglected, and
where sales have been effected a de-
cline of 41hd to Cd has been accepted
on medium and good qualities, while
the finest shows little change. For low
East India kinds, there is more de-
mand, and some business has been
done at full prices, while the higher
grades of refining are scarce and heid
at extreme rates.
Our latest mail advices from New
York of December 23d, report business
in raw sugars practically at a stand
still, with buyers out of the market and
holders preferring to await develop
the present dullness. Importers are
carrying stocks in store with consid-
cradle confidence. and it is simply a
question of waiting until there is a
more liberal demand for refined, which |
for some time past has been very light, |
with restricted buying and no signs |
as yet that the country is ready to take !
supplies at all freely The price for |
orc nj Of not
since November 10Th, and fine German |
granulated is quoted at 3.95c to 4.O5c in
1OO-lb bags.
Total stock of sugar at United States |
four ports December 23d, 251. 334 tons, |
against last year at same time, 49, !
92S tons. Cuba. six principal ports, by /
cable. same date, 1856 tons, against |
122, 451 tons same time last year To- |
tai stock in all the principal countries !
at latest uneven dates to December II,
:, 32S.O53 tons, against 2,3OS,5 tons /.
at same time last year.
The total Louisiana crop for 1886 |
amounted to 237,72O tons, against 3D.
500 tons last year.
The prospects of the Cuba crop con-
tinue unchanged, and depend entirely
on an early settlement of the troubles
there, which at present do not seem
likely to be terminated soon.
Referring to previous advices. it now
seems evident that the American Sug-
ar Refining Company will have a stub
born opposition to contend with short
~ in the firm of Arbuckle Bros, the
largest coffee roasters in the country,
to be worth between S15,-
300. 900 and $50, 1000. 900, who not being
bile To make satisfactory arran pemNltS
with the trust to supply their large de-
nand for refined sugar in connection
with their coffee trade, have decided
20 erect a refinery on their property in
New York.
1t was first decided that this rein Try
should have a capacity of 1000 to p