The Hawaiian gazette., 1899-11-28
SUGAR REPORTS
Willet & Gray's Observa.
tons on the Subject.
Refined sugar on the Decline, viii .
Raw sugar Situation Re.
mains Unohanssd.

For the week ending November 9Th,
willet 4 Gray. estimate In a general
summary. stocks In the United States
and Cuba together announcing to 2O0.-
54S tons. a. against 194.913'tons for the
preceding week. and 165.373 tons for
the same week last year. showing an
increase over 1898 Of 35.175 tons. Raw
sugar conditions remained practically
unchanged. They further state: The
receipts have been larger again but
everything was included In preceding
sales of month or more ago, leaving
nothing on sale on arrival. One cargo
of Javas remained unsold and Is now
or the market at the current quota
tions. but being a large cargo 1t Is not
wanted by the independents and can
not be sold at full price to the Ameri-
can Sugar Refining Co. Under these
conditions the market became easier in
tone Hamburg cables shipment Of
$3.50 tons beet sugar to America for
the week and engagements Of $4,000
tons, which would indicate that the
American Sugar Refining Co. has at
last gone to Europe for supplies.
As to refined sugars the conditions
have grown worse during the weak.
The Arbuckle refinery. which are rath-
er taking the initiative in new changes
o. condition, made a further cut Of
Lice in the price Of soft sugars and re-
ceive credit Of doing the same pri-
vately in hard sugars, although 1t Is
difficult to establish the same as fact.
The American Sugar Refining Co. fol-
lowed with a similar reduction in softs
SO that now i. is uncertain as to what
the next open movement will be. Buy
ers have no difficulty in securing such
sugars as they require on favorable
terms. The supplies are somewhat in
creased by the re-opening Of the Stand
ard Refinery, in Boston, which has
been closed for sometime. The de-
mand is fairly good.
Receipts for the week were 36.135
tons against 24.sS4 tons last week.
Meetings. increased to 10000 tons and
stocks increased to 1S7,54s tons, against
1894 tons at same time last year.
European markets declined to So. for
beet sugar and rallied at the close to
IS. ONd. The immediate course and
tendency Of the foreign markets are
given in detail herewith.
When the actual facts of the refined
situation are considered the repeated
rumors Of settlement and compromises
appear absurd. particularly as the Am
erican Sugar Refining Co. use every ef.
fort and make Sufficient concessions all
the time to retain their full proportion
OF the trade and no doubt will con.
tinue to do 90 to the end.
STATISTICS.
Stocks In Europe. 53O.5O0 tons
against 51S,500 tons last week. and
566,503 tons last year. Total stocks Of
Europe and America. 731.048 tons
against 714.413 tons last week. and
73l.s76 tons last year at the same I'M.
even dates and 732.059 tons. at even
date Of Oct. 1st last year. The def.
cheney Of stock 10 now 1928 tons. against
a deficiency Of 1882 tons last week
and deficiency Of 102.311 tons Decem'
Der goth. 1898.
DUTY ON SUGAR.
Since the ratification Of the treaty
with Spain On April 18th, 1899. imports
Of sugar from Cuba and Porto Rict
have been assessed full rates of duty
as before. Importers have protested
against such assessment ON the grount
that Cuba 10 under the government,
and control Of the United States ant
that Porto Rico 10 now on integral par
of the United States: that the Consti
tuition provides that all duties. i'm
ports and excuses shall be uniform
throughout the United States. Tht
Treasury considers both islands as be-
ing foreign territory for tariff purposes