, 1896-07-11

Tons.
June :, lS9t.-..... 81. ....I .534.994
June Is. lN95..... ...........3 800, l07
jane 4, lo36 ...... ....."...,2 :, 0oS, 265
As the visible supply Of sugar June :, 1894,
WAS considered then to be a normal one,i in the
extreme depression Of tho sugar markets # the
world during the winter ~l694s.35, while the
5,000,O u ton crop Of European beei sugar
waA being III trketel, is readily accounted
for, As we now see That on June 6, 1895 there
was Oh hand 50 900 tons above the normal.
Now our dltl for June 4, so. shows
500 600 tons on hand above the normal Of
of 1895, but - dminulion Of 81, 54t tons
from the excessive visible supply Il year ago.
AS The consumption of sugar throughout
the world amounts to over 500, 900 tons per
mouth, and as for some month. TO come there
Will ne practically ~ supplies of new sugar,
1t would seem almost certain that by Octo-
bor | all excess IN tho supply over Tho pre-
vAlluIg normal con iltlOuS Of 1894 would DO
removed. and that we should then be ii the
presence of al incoming crop Of beet sugar
Of comparatively large proportions but With
a prospect OF Il CubIn crop of 500 600 tons
below the normal or not excee ling 200, 900
tons, or about ohe crop Of the Cubm sugar
yea now ending.
On October |, 1894, the visible supply Of
sugars in all the principal countries was
estimat oil at 4S3, 900 tons. Ii order Therefore
to get down to tie visible supply Of October
/, 1874, we shall have to consume some
900, 600 tons of sugar, and the months Of
June, July, August and September, with
practically no fresh supplies, will almost
surely do this
We believe thai we may therefore fairly
conclude that while we now have IN sight
some two million tons of sugar, and some
$4,000 tons more than in June, 1894, that
by Octob r /, 1896, the bulk of this will
have disappeared; and such an enormous con-
sumption of sugar and reduction Of the supply
as is absolutely necessary during the coming
four months must considerably enhance the
market value of all sugar.
Three Swede; named Andl6s, Eokholm.
and St1enburg will start, in a few weeks, in a
balloon on then way to he North Pole. We
hope sincerely that they may not only hover
over that interesting spot. but may return to
tell the tale. If this balloon does not do tho
job certainly no other will. II is 81 feet from
the top Of the silk to the bottom If the basket
or gondoI1 as it is called. This gondola is a
marvellous piece of ingenuity, about 5 feet
deep and quite round, with d wicker cover. In
1t is a bedstead for one person, the trio taking
turns e sleeping. A ballon house will be-
erected at the north end Of Spitsber.en
Which is 600 miles from the Pole, and when
a strong southerly wind prevails start will
be made. NJ. Andr6e is confident OF success.
and seems to have tested everything in adj
vance. He has invented a steering, appara-
tus which he claims will be useful, while q
system of drag ropes will keep their position
at about l5) metres from the ground. AS to
speed, the balloon ought to make II miles
an hour, but as the probability of a straight
run Is small, the adventurerers have given
thense1 yes six weeks to accomplish their
task. AboIt the middle IF July, therefore,
we may look for developments and big head
ings in the newspapers.