The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1900-04-18
LATEST NEW YORK
SUGAR AOVICES
Willett & Gray's Weekly Letter Gives
Statistics and Details Of the
Saccharine War.

willett & Gray's Weekly Statistical
Sugar Trade Journal of New York has
the following in its issue of March %
Statistics by special cables show thu
following:
CUBA.-The six principal ports
Receipts, 1900; Exports. 1920; Stock
113,O0O tons, against 1880 tons las
year; 1O7 Centrals grinding against IL
last year.
EUROPE.-Stocks in Europe, 2,121,
600 tons against 2,115,000 ton
last week, and 2,0so.s55 tom
last year. Total stocks of Europe ant
America, 2,37s,297 tons, against 2.3I5.
6S2 tons last week, and 1888. 1924 ton!
last year at the same uneven dates ant
2, 1884 ,945 tons, at even date OF Marcf
LIST last year. The excess OF stock Y
"a 1913 tons, against an excess OF 1851;
tons last week, and an excess OF 56,O2'
tons December 2Sth, 1899.
500 tons OF raw bee
sugar to America from Hamburg ant
Bremen this week; 5000 tons engage
ments. No refined shipped.
RAWS.-The demand for sugar dur
ing the entire week was unusually goot
from both the American Sugar Rein
ing Co. and the independents, local an1
at outports, in fact which business
finally reached 1-32c. per ID. advances
here. il reached Lice. at Boston, clos
ing there at 41hc. for go test Centrifu
gals, against 4 7-16c. to 15-32c. here
The receipts were again below the re
quirements and stocks lost 1,3S5 tons
1t is somewhat notable that new croI
West India sugars are still kept bach
and not offered in such abundance a!
is usual at this season. Naturally Por
to Rican planters are waiting for oul
Congress to reduce duties on their SUI
CARS, but Cuba and other countrie.
have no such expectation to look for
ward to. The Cuba crop receipts were
little larger this week, 1900 tons
against $500 tons last week with 10
centrals grinding, against 100 last weel
and 112 last year. The total stock II
the United States and Cuba together !.
PSI ,297 tons, against 272, 469 tons a
same time last year. While this stool
looks safe against scarcity IL it can b.
kept good, there is still room 70
anxiety as to securing the usual amour
OF cane sugars from the Java crop t
prevent a possible shortage during TIL
summer. All conditions tend toward
a firm, steady market with slow, blu
sure, improvement.
REFINED.-Somethi has happen
ed this week that has never come be
fore during the progress of the suga
war. The change of method in Januar.
of quoting refined sugars in decimal
instead of in fractions, while raws ar
still quoted in fractions, has led to
peculiar circumstance, ior with abou
every Lice, or 6Ac. per 100 lbs. ad
vance in raws, there has been but sc
per 100 lbs. advance in refined Eacl
of such advances has reduced the re
fners' margin INC. per 100 lbs, an,
IL continued long enough would becom
serious In the natural course OF tn
| trade. but greatly to the surprise O
everybody, and especially OF other re
flners. Messrs. Arbuckle Bros. on Wed
nesday reduced prices Of refined SC. pc
100 lbs, after having paid 1-32c. ad
vance In raws themselves. and 1-16C
advance paid by other buyers. An ad
| vance In refined was naturally expect
ed to follow the advance in raws. an
| the meaning and outcome of this extra
ordinary move against their competit
| ors in and out of the Trust" are quit
inexplicable on ordinary business prin
ciples. Such a move cannot but be fol
lowed by some sensation of importanc
before a great while. Buyers of refine,
| will do well to watch for development
very closely and carry only stock 70
requirements. The Howell refinerie
have evidently abandoned all inten
lions of opening up for this season an,
We shall expect to see others closinl
| down eventually under a contlnuanc
OF prevailing conditions. The opinion
OF the American Sugar Refining Co. up
on these new features OF the trade /
given elsewhere.
European markets have been firm, a
a whole, under small fluctuations, clos
ing for beet sugars at los. led, agains
los. 2Ad. last week. The high point O
the week was los. 2Ad.
President Havemeyer, of the Ameri
can Sugar Refining Company, is quot
ed as follows regarding the action O
Messrs. Arbuckle Bros. IN precipitatinj
decline in refined on an advance ii
raws: "A competitor this morning re
duced the price of refined sugar on al
advancing raw market. This is un
PARALLEL in the history of tn trade
this further diminishes the margin be
tween raw and refined. in which to u
there was no profit. Such a course cal
only be explained because of the mos
AFFECT necessities, which Is not to b.
thought OF. or the determination L
make the business disastrous 10 al
engaged in IL. The American Compan,
will not meet the prices while the raw
market remains as il Is. To do s.
would certainly be at variance with tn
declared policy of the company TO kee
IL financially strong TO meet any forr
or competition which may present II
self, of which this mornings action oi
the part OF the competitor Is ND to tn
present time most formidable.
The condition of the business sine
January LIST 10 say nothing ~ 4bf