The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1899-11-25
SUGAR REPORTS
Willet & Gray's Observa.
tons on the Subject.
defined Sugar on the De cIinc. Viii g
Raw sugar Ssuation r
mains Unchanged.

For the week ending Noven Der 9Th
Willet x Gray, estimate in a genera
summary, stocks in the United States
and Cuba together amounting to 200
54S tons, as against 1898 tons for the
preceding week, and l65,373 tons fol
the same week last year, showing III
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 a month or more ago, leaving
nothing on sale on arrival. One cargo
OF JaVas remained unsold and is now
on the market at the current quota
tons, but being a large cargo it 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 week.
The Arbuckle refinery, which are rath-
o. condition, made a further cut Of
Lice in the price OF soft sugars and re-
ceive a credit Of doing the same pri-
vately in hard sugars, although it is
difficult to establish the same as q fact
The American Sugar Refining Co fol-
lowed with q similar reduction in s0fts
SO that now H. 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
Meetings. increased to 10000 tons and
stocks increased to 1S7,54S tons, against
49,, 1874 tons at same time last year.
European markets declined to 9s. for
beet sugar and rallied at the close 70 |
9s. Oa4d The immediate course and |
tendency of the foreign markets are |
given in detail herewith ts.--.
When the actual facts OF the refined |
situation are considered the repeated |
rumors of settlement and compromises |
appear absurd, particularly as the Am
arican Sugar Refining Co. use every eff
fort and make sufficient concessions all
the time to retain their full proportion |
1f the trade and no doubt will con
.inue to do so TO the end.
STATISTICS.
Stocks in Europe, $685. 500 tons, |
against 519,500 tons last week, and
SEQ, 500 tons last year. Total stocks OF
Europe and America, 731,O4S tons,
against 714,413 tons last week, and
731 SIC tons last year at the same m
even dates and 732,059 tons, at even
late of Oct. 1st last year. The def
,iency of stock is now S2S tons, against
l. deficiency of 1882 tons last week,
md a deficiency OF 102,311 tons Deem
Der 18th, 1898.
DUTY ON SUGAR.
Since the ratification of the treaty |
With Spain on April 18th, 1899, imports
Of sugar from Cuba and Porto Rico
have been assessed full rates Of duty,
rs before. Importers have protested
against sucn assessment on the ground
hat Cuba is under the government
md control OF the United States and
hat Porto Rico is now on integral part
IF the United States; that the Consti- I
,ution provides that all duties, I'M
ports and excuses shall be uniform
throughout the United States. The
Treasury considers both islands as be
ng foreign territory for tariff purposes