The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1897-03-05
SUGAR is HIGHER
ALI Grades Advanced Since JAN
nary 4.
WILLIAMS, DIMOND'S CIRCULAR
Beet Sugar Continues a
Shade Under Refined.
Demand for Refined Continues to
ImproVe-Large Purchases
Before Increase.
WILLIAMS, DIMOND'S CIRCULAR

SAN FRANCISCO, Cal, Feb. o.
Our last circular was dated January 20
per Australia.
SUGAR.-Prices of refined in this
market and for export continued un-
changed from January 4th to February
18th, on which date all grades were
advanced &c per ID, and since that
time there has been no change. The
Western Sugar Refining Company quote
prices as follows:
Cube, crushed and fine crushed, sac;
dry graduated, 55sc; confecdoners' A,
45sc; magnolia A, 4Ac; extra G, 41sc;
golden c, 4c; powdered, SAC. These
prices are subject to the usual rebate
of &c per Id. Price in bond for ex-
port, on the basis of 41sc for granu-
lated. Beet granulated is quoted at
1-16c less than refinery prices. The de-
mand for refined has lately improved,
and sales were quite large previous to
the advance.
BASIS.-Continued at 15-16c net
from December "a, 1896, to February 3,
1897, when it declined to 2Sc net; 5th,
advanced to 2 1890 net and 10th to
Sc net. The following sales have been
reported since our last circular:
January 26th, to arrive, 500 bags;
9th, spot, 400 bags; 2Sth, spot, 900
bags; February 1st, spot, 600 bags;-all
at 3-16c for SO test; Sd, spot, 1880
bags at 31sc; 5th, spot, 5000 bags; Sth,
spot, 1900 bags. both at 5-32c; 18th,
to arrive, 1000 bags; 18th, to arrive,
| 6 900 bags; 18th, to arrive, 1000 bags;
10Th, to arrive, 1000 bags, and goth, to
arrive, $500 bags;-all at SIC.
Today being Washington's Birthday,
| is general holiday throughout the
country, and no quotations will be re-
ceived.
EASTERN e FOREIGN MARKETS
as will be noted by sales of centrifu-
gals quoted above, the New York mar
ket continued very quiet, with few
transactions and little demand for raws
until the 10th inst, when refiners were
obliged to increase their offers in order
| to obtain supplies, and since that date
they have been willing and anxious to
purchase all available stock on the basis
| of SIC for SO test centrifugals. The
market has only awaited freer offer
IingS of importers, and the position OF
holders has been strengthened by the
steady demand for refined, which was
advanced &c per Id on the 10th inst;
also. from the belief that refners must
have important supplies of raws. These
facts, together with the possibilities OF
a higher duty, brought about reserved
feeling over selling, and it was impos-
sible for some time to buy SO test cen
trifugals under SIC, although refners
until recently would not bid over
l3 3-16c.
The I,exow Investigation Committee
has been in session the past few weeks
investigating the affairs of the different
trusts, and have completed same as
REGARDS the American Sugar Refining
Company for the present. What effect
this investigation will have later, re-
lmains to be seen, but it is doing nc
good to the refining industry nor to the
value of the stock.
Our latest mail advices from New
York of February 10th give nothing OF
Importance in addition to the foregoing
news. and quote spot foreign granu
lated nominally 37sc for medium Ger
man in 224-lb bags, and &c in 1OO-lt
bags; Dutch, 41sc; fine German, &c il
1O0-lb bags, with fair demand, but
supplies of spot and to arrive moder
ate. Net cash. duty paid. SO test cen
trifugals. quoted at 3 3-16c to 3Ac
Muscovados. 50 test. 2 12-16c to 2tsc
lmolasses sugars. go test. 2 9-16c to 23sc
Last year al the same time these grade:
were quoted at 4c, sc and $3.50, re
sectively.
London cable of same date quote:
lava No. Is. D. S., lis: fair refining
9s Sd: beet, February. 9s I'D; March
los nd: first marks. German granulat
4 : Il u a m
l3.SOc net cash, delivered in New York
duty paid.
Messers. Willet & Gray give The
total stock OF sugar on February 18th
lin all the principal countries, 2,96S,S6
tons. against 2670259 tons at same
time last wear. Total stock in foul
ports of the United States, 266, 405 tons
against 12S ,494 tons same time las
wear. Six principal ports Of Cuba, b!
lcable. stock 1850 tons. against 81, 40;
tons same time last year. Afioat 10 th'
United States from all countries, esti
mated at sc. 900 tons, against 10000 ton
last year. Stocks in Europe, 2,666,SO'
tons. against 1882. 500 tons last year
Total stocks of Europe and America
. 96S .S65 tons, against 2, 61O,259 tons
same time last year, making excess o
stock now Dos, SOC tons.
European markets have also ruled
quiet since our last report, and tn,
London market for beet has fiuctuateC
around as. We give quotations for =
test beet since our last circular. as fol
lows: January 26th as I'D: 2Sth. 9
214d: 10Th. 9s lid: 10th. 9s sd: Febru
airy 1st. SIS 11Hd: I'd 9s: 9Th, SIS III
9Th. 9s: 10th. 9s Esd; 18th 9s led; 18th
9s 21kd: 18th. 9s 11ad; 2Oth. our lates
Telegram. no change. We quote from c
lCzarnikow's latest London circular o
February 4th, IS follows: