The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1889-06-15

ference between supply and demand
can be adjusted sufficiently to re-
duce the prices from the present
high figure The corners" and IN
usual activity observable among re-
finers. also contribute to keep up or
increase the price; and other causes
of a minor nature are likewise at
work In the same direction.
We quote the following from VII
let and Hamlen's circular which Is
considered the highest authority on
sugar matters:
Under all the conditions now ruling,
stocks in the United States have little
chance Of increasing but slowly, instead
OF rapidly as at this season IN former
wears. The increase Of stock for the
week is 9, 929 tons, against 17,9lS tons
increase for corresponding week. The
same conditions prevail regarding prices,
a. formerly noted-nOt enough OF a spot
market to make mOIe than nominal
quotations. and foreign markets making
the standard OF prices. In London, the
reaction was checked last week. Refined
mas been in small demand for some
weeks, and refners are getting accumu-
lations with which 70 meet the renewal
OF demand, which has now set in again
There seems 70 be an impression in
Europe that the Sugar Trust has come
10 an end, but this Is not SO, although
various legal movements are continued
against it, the latest being an applica-
ton by the Receiver appointed by the
Court 10 wind Up the North River Sugar
Refining Company for a receiver for the
entire Trust 10 wind up the partnership
and give him his share Of the profits.
/ The Trust" however, seems 70 have
no fear. When Spreckels' refinery IN
I Philadelphia is completed and running,
/ as it may be IN August or Sept, II will
! scarcely do more-lar1e as ii is-than TO
/ cover the requirements Of the constantly
/ increasing consumption OF the cOun-
/ try. The cultivation Of beets
/ on the Pacific Coast will make some
/ what rapid progress this year, but II Is
! not likely TO be commenced on this side
| OF the Rocky Mountains, where its sue
/ cess would be extremely doubtful. Cali
/ fOrnia can undoubtedly In the course o
! a few years raise beet enough TO supply
! the Pacific Coast consumption of sugar
/ say about - 900 tons, leaving the Sand
| witch Island crop to find its way east
| ward but this is still some years away
! With the present rapid absortiOn OF the
/ diminutive supplies OF sugar in the world
| the condition OF the young canes for the
| next season is of unusual interest, anC
| thus far the indications from all cane
| growing countries are by no means fav
/ orable to anything like an adequate in
! crease in supplies for next season, anC
! we repeat that the present advancing
| course OF prices viii continue, with Occa
siOnal reactions, for two full crop seasons
At present it appears that al
! increase Of ten per cent. in the sowing
/ OF beet acreage has been made, which
! under ordinary circumstances would b
| considered a fair increase for require
| ments, but under the present condition.
| Is absurdly small, and will be found so
only too soon. Very little reliance car
be placed on increased cane sugar crop
until they are actually in hand. We mus
therefore repeat that, with the increas
ing consumption of the world, the critica
position of supplies has not been ade
quately grasped as yet, and no step
worth Of consideration have yet beer
taken by sugar producers to improve the
| sugar situation within the limits 10 TIVE
| full seasons With temporary reaction
such as the present in Europe, the ad
vance must continue until beet suga
sells at about 30s., as it has formerly
| We have never known decline extend
| ing over period OF years to be FOLLOWED
| by an advance extending only over on
! wear. The conditions which inall-
! change the tide upward are so strong, a
! in the present case, as to require at leas
| two full seasons to be thoroughly recOg
nized and met.