Nuhou, Volume II, Number 20, 3 ʻOkakopa 1873 — Australia and its Sugar Market [ARTICLE]

Australia and its Sugar Market

The j)auniles3, Windover aud. Mary Foster arrived on Tnesday frqm Sydney with datea up to the 12th August, wi»icli report our sugar fleet as iiaving all arrived. .. The Dauntless being the Mrst vesßci, her cargo do!d very satisfactory The cargo was made up of the best grades of molaeaea eugar put up in mat bāgs, and sold at prices varying from £29.5 to £37.10; this will net the ehipperB eomething like $3.88 to $5.68 perloo lbs, the greater portion sold at about £34 s so the cargo may fc>e put down as netting 5* cts. Taking into eonsideration quick 6alea and returns ; tlns will show fully .] over our No.JLsugars sōld in San Francisco lately, and when we further take mto eonsideration the diSerence between kegs and bags it will favor the planters froiii 1| to 1* cts. an item in dry times:, The eārgoe9 of the Mary Foster,' Serena Thayer and Robert Coiva?i did not sell so well. A decline of iully £4 per ton took plaee. This may seem strange to those who are not well informed in regard to the workings of the Australian xnarket9,—to think that 1200 tons of sugar could in any way depressit; but the faets wiil esplain. Sydney and Melbgurne import the bulk of their sugar fr6m Mauritius, It is well known that the producers 6f the island never esport on their own account, henee the merclmnts in Sydaey and Melbourne know their wants and provide for them accordingly, Between May and August the old stock or crop is well out of the market, whieh causes a slight advance; but to ihrow 1200 or 1300 tons of our dark grades used only fbr what they eall " station useinto their market in the ehort space of twenty dayrg without any notice, we need not be surprised at a declme ;in'priee; v: " many thibg« in favor of Australia as i market for our sugars quick sales andreturns } —low charges and a |preferenee for bags, to our mōre espensive packa|es, tt is true that at times our elioiee sugars will command a better price In 'Oregou, Yiottria mā Qalifbrnyj markefe| but we do not hesitatē to sayj that had our crop of 20,000,000 pouods thi§ ycar been put in bags and sent to Sydney aaid Melbourne we ehould have realized $250,000 more than we will do. In Baying thfs we mean $50,000 on eontainers and the halinee on diflerenco of price. Some, no doubt, will say if 3,000 } 00p of pounds will glut a market, what wili 20,000,000 do ? by giving thēm onr best, as woll as the poorest r ides. we Bupp!y tlielr watils, Now we take ifc ' u gr?inted thateomuiiSsion houscs will not import >ngars froxu the Mauritiu> when they hold our eonsignments suffieient !or their wants« With a steāiu lino to regulate trade audfuight u $10 per short tou, the espcnse will be rhout $2.00 per 100 pouuvls. This ineludos freight, h:ty, eo!:umissiou. entHes, tandiug, āe., Ae. W> leirn thu the !ow iwiee 1 ? m Oalifornli> tr k

au<l MiTaila to Āußtralia. iSeveral! ve33els had just arrivc<l at Sjdn»>y, and that port may get a good portion of Its Buppllos from tliosc coiiQtries, * TV T e might rnention. however, that AiiBtraliaD? are io no way favore»l bv j gettiiag thelr fiugar fro«i MaurUtu?. Thej have| to purchase and paj for ifc on thc spot-. Tl»e 1 tanee is \ery great. The duties are the same aā j from ar»y other country—and when we takc into conßideration the fiict thot the Califon\ia ioarkct with a population to supply of eay G00 3 000 consumed 82,000,000 pounds tlūs year, \vhat will Australia with eis tioies the populatiou require? | Our ,orop of 30,000,000 would not put them i mueh out of the way; bufc we need not 6end itj all in one day, or in three weeka, without giving them a little notice afc least. The pulu thafc wcat forward by the 6cveral ▼esselB §old at sevcn to nine penee, aod even with the high rates of freighfc will nefc nine to teul centB here. - . •. | Take ifc altogefcher, our shipments t>j the Colo-; niea arq encouraging. and our nierchants think so; the " ring v \ fuglemati to the contrary nofcwitstanding.