The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1900-02-10
SUGAR MARkET 7
Steady and Firm With
Upward Tone.
The Opposition to Reciprocity Treat
ies--The Future of Domes-
tic Sugar.

~ Tie sugar summary
TO February 10th, inclusive, furnished
through the courtesy of Messrs. T. A.
Schaefer & Co. and clipped from the
latest circular of Messrs. Willett &
Gray:
Sugar-No changes in the local mar
ket nor for export to Honolulu since
January Path.
Basis-Advanced Jan. %. spot sale,
900 tons, at 7-16c, since which no
sales reported, making net basis for
Island sugar in New York Jan. 81,
| 4 S-l6c; San Francisco. 4 Lice.
Dry Granulated-Unchan until
January 20; advanced to 5.O5c, making
net price &c.
London Bests-Jan. 24-26. 9s 7bd:
eth, IS SID; 29th. 9s 71bd: goth, 9s
9&4d; 31st, 9s Cd.
Eastern and Foreign Markets-Lat-
est mail advices, under date of New
York, Jan. q, report the market stea-
dg anu hrm. Cane sugar will probably
continue to be scarce, as Cuba and
West Indies are reported to be holding
on, IN nope of reduced duties, as rec
commended by the President. It is re-
ported that the receipts of Java sugar
for the next six months will be about
$4,000 tons less than for the same
time last year.
London Cable-Adpices report steady
market for beet sugar at unchanged
prices, and locally the market shows
"a strong undertone. Offerings contin-
ue moderate, as importers generally
are Indifferent sellers. London cable
Jan. q, quoted Java No. Is D. S., lis
Sd; fair refining, 19s I'd; February
beets, IS sad, against 9s ~ same date
last year
Statistical Position-According to
Willett & Gray, total stock in all hands
United States, four ports, estimated
Jan. Oath, 1883 tons, against 121, 731
last year; total stock in Cuba, six prin-
cipal ports, 1890 tons, against 10 ,402
last year; total stock in all principal
countries at latest uneven dates by
cable Jan. 25th, 1,470,619 tons, against
1.433,441 tons; excess over last year,
37,178 tons.
The Australia arrived at i a. M Jan.
81, and was ordered into quarantine
for inspection, and up to the present
writing we cannot learn that the pas
Sengers have been landed; neither
AcSO w = ISCClNcu any 1udl1 ny InIS
steamer, but We, understand that she
had no sickness on board, and in all
probability the passengers will be
landed this forenoon, and undoubtedly
the cargo will be delivered after the
vessel has been thoroughly fumigated.
Willett & Gray.
Raws--The receipts for the week
were rather increased, but that has
not checked in any manner the
strength of the raw sugar market. The
quantity for sale was not large, and
was readily taken at the basis of 4skc
per pound for SO degree test for CEN
trifugals, including Javas at 12s Sd c.
/. f., equal to 4asc duty paid Muscoya-
dos were nominal1y quoted last week
at 15-16c, and have since 2een sold
within a very small fraction of that
price. Larger amounts could have been
sold If offered, but the available SUI
gars for sale are limited at the moment
outside Of European production. Eu-
rope appears to be now looking to
America for the probabilities of the
future markets. AS far as we can see,
there is little reason to expect any re-
turn of the lower basis Of prices re-
Gently prevailing, even for several
months to come. A steadily improy-
ing tendency is now likely for the next
two months, and if then reaction oc-
ours, as frequently happens during the
spring season, prices are not likely to
recede below the present basis.
Referring TO our remarks last week
regarding the bubonic plague in the
sugar producing countries of Australia,
Philippine Islands, Hawaiian Islands
and Brazil, 1t is now reported that the
plague has broken out at Rosario, Ar
gentine Republic.
Hawaiian Exports-The exports of
sugar from the Hawaiian Islands were
1,00S tons for week ending December
30th, and 1879 tons for week ending
January 9Th.