The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1897-05-28
CHIEF INDUSTRY
Williams, DimOnd & Co.'S Reg
ular Letter.
INCREASE In SUGAR TONNAGE
Notes On Schedule in
New Tariff Bill.
Decline in Granulated-ProteC
to Refiners-Work of
the Trust.

SAN FRANCISCO, May q, 1897
Our last circular was dated April 10,
per Australia.
SUGAR:-Prices of Refined sugar
continued unchanged until 9Th inst,
when all grades were advanced Bc per
h., both for the local market and for
export. Since then there has been no
change, and the Western Sugar Rein
ing Co. quote prices for California
Oregon and Washington as follows:
Cube, Crushed and Fine Crushed,
Csc; Powdered, 55sc; Candy Granu-
lated, SIC; Dry GRADUATED. Fine, sc;
Extra c, Az; Gilden c, 1850. These
prices are subject to the usual rebate
of 1sc per lb.-Prices- export in
bond are quoted on the basis of 41ac
for Granulated.
BASIS: Declined on April 10 to SC
net; May 1st to 2 1870 net; May 3rd,
advanced to 1-16 net; May 9Th to
$500 net; May 10th, declined to 3
Lice, and since then there has been
no change. The following sales have
been reported:
April 10Th, spot 400 bags at TIC;
22nd, to arrive $500 bags at SIC; 2Sth,
to arrive 1900 bags at SIC; 29th, to ar
rive 300 bags at 3Ac; May 1st, to ar
rive 2400 tons at 3-16c; 3rd, spot 500
bags at 31Ac; 4th, to Spectator; spot
5000 bags at 5-16 C; 9Th, spot to Re
finer, 5000 bags at 5-16c, and to spec
ulator 1900 bags at 3 11-32c; 7th, spot
to speculator, 1890 bags at 8 11-32c and
to Refiner, Philadelphia, $500 boys at
8 5-16c; 10th, spot $4,000 bags at sic;
18th, spot $500 bags at slice, and
18th, spot 500 bags at 3 Slice.
EASTERN AND FOREIGN MAR
KETS:-Foliowing our last circular,
and until the 4th inst, the New York
market ruled dull and undecided The
principal buyers were not disposed to
pay 81 C for 96 deg. Centrifugals. I'm
porters, however, were generally quite
firm and did not force sales, although
one cargo Of Javas at Breakwater was
sold on May 1st to arrive, at 3-16c
for SO deg. test.
Since the 4th inst, when the new
schedule was reported, better tone
was developed, and SO deg. Centrifu-
gals were sold to spectators at 11-32c
and to Refners at 5-16c; SO deg.
MuscOvados at 27sc and 80 deg. Molas-
ses sugars at 2 9-16. AS Refiners are
receiving large direct importations,
they are not inclined to pay further
advance.
Refined grades also were in moder-
ate demand, but large orders have re-
Gently come to hand, and on the 9Th
inst. prices were advanced Lice per h.,
making price of GRADUATED 429c net
Receipts of Raws have continued to
be unprecedentedly large, and for the
week ending May 9TH had reached
10000 tons, making the total stock
at Atlantic ports at that time 5000
tons, which figure will be increased
before the tariff bill goes into effect,
and consequently foreign markets will
have little demand from this country
for some months to come. What effect
this will have on the prices of Java
and Beet sugars, remains to be seen.
In August, 1894, when the present
tariff took effect and sugars were made
dutiable, the stocks held here were
100000 tons and until Refners had
worked up their accumulation of free
sugars, the market remained in a state
of stagnation.
Cuba sugars continued beyond the
parity of other markets, and very little
has been done in these grades. Ac-
cording to mail advices from New York
of May 7th, thirty estates were then
grinding, and the receipts for the week
at the six principal ports were 5000
tons against $500 tons the previous
week. The total receipts during this
campaign up to the 3rd inst. were 163,-
600 tons against $4,000 tons at same
time last year.