The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1897-07-01
LATE SUGAR NEWS
Williams, Dimond's Co.'S
Trade Circular.
Prices FIuctuate and Close High
er-Confidence in Sugar
Schedule.

changes in the prices of refined in this
market and for export. The Western
Sugar Refining Company reduced
prices of all grades of refined 1sc per
pound on the 18th ult., advanced all
grades 1sc.. per pound on the 4th inst,
and again sc. per pound on the 10th
inst. Since that date there has been
no change, and prices are quoted to-
day as follows:
Cube. crushed and fine crushed, SIC;
Powdered, sac; Candy Granulated,
SIC; Dry GRADUATED, SIG; Confec-
TONERS A, Size; Magnolia A, 4Ac.;
Extra G, 45sc.; Golden G, 41Ac.
These prices are for California, Ore
gon and Washington, and subject to
the usual rebate of &c. per pound.
Prices in bond for export: Declined
to 4asc. for granulated on the 18th
ult.; advanced to 41ac. 4th inst. and
to 45sc. on the 10th inst.
BASIS:-Declined to 132c. net on
the 18th ult.. Sc. net on the oath ult.
advanced to 31sc. net on the 4th inst,
and to 3Hc net on the 9th inst. Since
that date there has been no further
change.
The following sales have been re-
ported:
May 18th, spot, to refner, $50 bags
at 3Hc, and spot to speculator, 1900
bags at 9-32c.; oath, spot; 1900 bags,
price to be determined by next sale,
which was made on the 9th ult., at
3Ac; 9th, spot, 10000 bags; 2Sth,
spot 200 bags; 29th, spot, 300 bags;
June LIST. spot, 1900 bags, I'd, spot $500
bags. all at &C.; 3rd, sales made in
Philadelphia 5000 bags slice, and 500
tons at $3.50; 5th, spot, 1,400 bags at
$3.50: 9th, spot, 1000 bags at 7-16c.,
and 10000 bags at 31sc.; 10th, spot,
900 bags at 31sc., and since the 10th
no sales have been reported.
EASTERN AND FOREIGN MAR
KETS:-As will be noted from above
sales of raw sugars in New York, the
market showed some weakness after
our last circular, and decline or l-ozc.
per lb. was established.
Transactions, however, were moder-
ate and offerings limited to small par
cells in port, receivers preferring to
sell and avoid storage expenses in view
of large stocks and heavy arrivals.
This condition continued up to the
4th inst, when a reaction took place
and an advance of &c was established,
and later, on the 9th inst, another &c.
Refined was also advanced in New
York on the 4th inst. to 44c., and 10th
inst. to 456c for formulated, less the
usual discounts of 1 per cent. and L
per cent.
We quote from Czarnikow's latest
London circular of May 9th regarding
the situation as follows:
"The tendency of the market has
undergone several changes; after
firmness. dullness set in with slight
lv easier prices, which was again fol-
lowed by recovery of about 11ad. per
cwt. on beet in nearly all positions,
stimulated partly by some. moderate
purchases for the United States. The
oDinion seems to gain strength, that
notwithstanding large visible supplies
the outlook at present level OF prices
is less dark than the statistical posi-
ton would Justify. We are also near
ing the chief consuming season, ana
with the greatly exhausted Invisible
sunn1ies there are likely to be wants,
which apart from any speculative de-
mand may bring us increased ACTIVITY
and perhaps greater stead1ness In
values.
$50 far as cane sugar is concerned
there is as vet little disposition to poer-
ate except for immediate requirements,
but as values compare IN many cases
favorablv with beet. we may sooner or
The sales of crystallised during the
week show fully steady rates to an
Improvement of 11ad. per cwt.. and as
stocks of these sugars are now very
moderate. importers only after spar
ingly. In good refining qualities very
little has been done. while on low
brown sorts a slight concession mas
been made
Thev also state that an important
feature which may ultimately nave al
effect upon the sugar trade IN otner
parts of the world, and especially IN
Europe. is the increasing interest
shown in the extension of beet cuitlVa-
ton in the United States.
From the Philippine Islands cap!es
sneak of the instruction as pracllcalls
subdued; prices out there SNOW Nv
change. but owing to a fall IN the eH-
hence SINNERS have been enabled to
meet the demand in consuming cehIeis
- somewhat reduced quotatins.
Tn lava grinding has commenced up
on q few estates. but in view or the
low nrices ruling, in consuming coun-
tries some planters seem 1ncllneo 10
ctore instead of selling their proouce
as soon as manufactured.
Our fastest mail advices from New
Work of June 10th state that there is
an improving tendency, with steadlly
hardening Of prices, and it is less DIM
cult for importers to realize their
lows but for the most part they are
s+i1l practically keeping their supplies
off the market. Sales have been made
81 e1hc for 90 test centrifugals, and
sc for 80 test Muscovados, but the
offerings at these figures are very re-
served.
Since the announcement OF the re-
suit of the Republican Caucus IN WASH
ineton on the Sth inst, when they
agreed to accept the House Sugar
Schedule. with the increase of duty on
sugars above No. 16 D.. S. and on re-
fined sugars from 1.S71s to Lose. per
pound. and reducing the duties on sug-
ars testing on above 81 per cent. by
noIariscope 10c. per pound, the general
trade has felt quite confident of the