The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1878-01-12

Rect snoarNProbabIe product most of which
r,o p I gone into s51e con 81 NH be- observed that The Hawai-
ian Islands, this year, take the lead in supplying m " 49, con
with Sugar. though furnishing less than one-tnlrd OF ouI ~
SUMPTION. But it viii doubtless be mutually a adv "a ang9TV ali II
their annual product can be Increased a dHcieia a. ~ veil iI q : the
that is required on This coast, for the KennerieS aS ven a. ''
grocers. ,u q norton of our
stock. this year, from a new source-Calcutta-oens ll az
count nnr G1 the Iast six months nearly 900. 900 lbs. have been re-
ceived from New York, mostly refined, of various descTPIons.
The causes of This increased supply, over the previous SIX
u n1,Hs IS low ~ prices and the diminished importations, and,
Consequently, the diminished product Of the Kehnerles mere
aas9' Quarter I'm ert of the year. But Tor or the entire year the receipts
of New York Sugar are diminished to the extent oil 2,ooU'oOo
lbs. Is compared with 1876.
ii It is for the mutual interest of the planters and our refine
ries to secure the sugar trade of this coast, and.itis possible
that it will be done, and that supplies from Ne" forh VIII
hereafter be light. .a
first nine months of the year is, doubtless, the cause of our d-
unfinished importations frcm foreign countries, the , i HI 81
months being only Is, 759,lT9 lbs, against 5o,olo,4Oz is Inc
1t viii also be noticed that our stock, at the close of the year,
is very small, barely a weeks average consumption. But at
this season the demandi is light, and two cargoes are nearly due,
plies of Hawaiian, will be sufficient TO meet the requirements
of trade. Stocks held by jobbers here, and throughout the
coast, are also unusually small.
The condition of the sugar market throughout the world a
year ago promised high prices, which continued for a large part
Of the year. but which, during the last quarter, have been
steadily declining, till, at the close, prices in the producing
they have been for years. 1t will probably appear, when the
annual statements are made of the years trade, that the con-
sumption in Europe audAmerica has diminished fromtwop potent
causes, high prices and hard times; Stocks in all of the great
markets are large, except in San Francisco, and much in ex-
cess of those a year ago, but about equal TO those OF two years
Reports from the producing countries, except Manila, predict
an increased yield, though il may be difficult SO early in the
season to ascertain very definitely me product Oh the VARIOUS
crop will be anger than that of last year. Planters are max
ing all possible haste-though retarded by heavy rains-to Sc
cure their crops, in exposed localities, in apprehension of the
burning of the standing cane by the insurgents, who seem to
The latest adgices from Europe, with reference to the Beet
Sugar product, estimate it at 100000 tons This will be
100000 tons in excess of the yield Of 1876, though less than
In regard to prices. one Of the best and latest European au-
thOritleS saws: - 1t may be assumed that if the market is
not now at the lowest rate it is very little short of it. Cont
mental owners seem no longer so eager about selling at the
quotations current in London" From France it is stated that,
from the increasing export, both of the refined and Beet, it
appears as if they viii require, sooner or later. a considerable
supply of foreign Sugar" The latest advices from New York
say ss that ia the ed demand nsna is g 93r iGf t u; late period oha In, IN n rme year Ia
ger than at this time last year. The new crop OF both Caba
and Louisiana are backward.
From the various sources of information the following con-
illusions seem to be warranted: That there will be large pro-
VII 49,. ,ireS Vii caus an ;ncraasaJ c,nsnmniion in En-
rope and America, and thereby prevent excessive Accommodations
These matters are of iuteres: to the Hawaiian planters, as
the prices Of their product will be governed. to Il great extent,
by values in the great producing countries.
the last ten years from $4,000, 900 lbs. in 1868 tie 7O,OOOO 900 lbs.
in 1877, and no doubt it Will continue in an increased ratio.
We shall require here quite as much Of good grocery grades
this year as last-probably more. But if the whole product
of the Islands was of these descriptions it would be too large
for our demand an this Coast. 1t is, therefore, doubtless, for
the interest of the planters-especially as the product will be
considerably increased-tO secure the trade of the refneries for
such a part of the annual produ t as will not leave a supply Of
grocery Sugar in excess Of the wants of consumers, as the Ell
feet would be TO reduce the fair prices which these grades have
hitherto brought.
The new and large crop OF the Island Rice has gone quite
freely into consumption in consequence Of the relatively high
price of China. The Chinese have been averse to its use, but
the difference of half a cent per pound has led to a consldera-
BILE demand from them, which is q favorable circumstance Tor
the future, IS the use Cf ii has, in a certain measure, dis2rmed
prejudice, and they will doubtless be free consumers hereafter
at the discrimination in price in its favor. which can well be
afforded as against duty paying Rice. Theconsumption by the
white population can only be moderately increased. We rec
ommend that all rice which is cleaned at the Islands-and is
not strictly choice be packed in mats, as in China, Of nomin-
ally 5Obs. each. The gross weight is never over 49lbs. and is
usually only 4Slbs, but always sells at 5Obs. net.
This market is easily OyerstOCked with mOlasses. the con-
sumption is light, except when used for distilIing, which Is sell
dom. As there is quite a large consumption of dark, but
bright looking Sugars, both in bags and kegs, il will be better,
when the hurry of securing the crop is over, TO get all of this
description that can be obtained from the moasses. Its low
perturbation will have no influence upon its value.