The Hawaiian gazette., 1900-03-02
SUGAR MARKET
Latest Quotations by
Alameda.
No Change Tor Export 20 Hawai- Wi
lett & Gray--COngress
and Tariff,

INV
The fOllO~ing latest quotations OF
the sugar market are furnished for
publication by Messrs. r. A. Schaefer
A. Co, and the extracts on the Eastern
situation are taken from the two last
circulars OF Willett & Gray. The sugar
quotations arc to the 2lst OF February,
inclusive;
Sugar-No changes In the local mar
ket nor for export to Honolulu since
February II.
Basls-Feb. 18th, cost and freight
sales 1000 tons, 4 7-i6c. since which
no sales reported, making net basis
this date New York 7-l6c; San Fran
cisco Lice.
London Beets-Feb. 1913, 9s 10 Led;
Feb. 20-21 IS Cd.
New York Refined-N0 changes in
price or general condition.
Eastern and Foreign Markets-Lat-
est mail advices report market steady
and firm, with buyers perfectly willing
to make new engagements at 4 7-16c
for SO degree centrifugals. European
markets were "A shade higher for
prompt beets but have declined frac-
tion the past two days.
California Beets-Rain is greatly
needed In the Southern portion OF the
State in order to insure the success OF
the coming beet crop in that section.
We have had quite general rain for
the past three days in the northern
part of the State, which will benefit
crops generally in this section.
Statistical Positian-Wiilett q Gray,
Feb 18th, total stock u. s. four ports
estimated 156,329 tons, against 99,69S
tons. Six principal ports Cuba $1,000
tons again 30,69S; total stock In all
principal countries latest uneven dates,
2,587,329 tons. against 2,5OO,3S2; excess
over last year. S6,947.
Political Situation-We refer you to
COPY of letter from Mr.. w. o. Smith,
although we presume you may have
received this direct. We also refer you
to today's Chronicle, which We are
sending you. giving the latest reports
of Porto Rico and the hawaiian Bills
in Congress.
Willett q Gray.
Raws declined Lice. Refined I'M
changed. Net cash quotations are:
Muscovados, 4c; eentrifugals, 4.4ie;
granulated, &C. Receipts, 22,630 tons.
Meetings., 10000 tons. Total stock In
four ports. 156,329 tons, against 1883
tons last week, and 99,698 tons last
year. Afeats to the United States
from all countries. estimated. 10000
tons. against 125,000 tons last year.
Beet sugar quotations. cost and freight,
los lad per cwt. for SO degree anal
ysis. First marks German granulated
I. O. b. Hamburg, lis lid, equal to
94c New York duty paid.
This weeks summary OF the stats
tical position show stocks in the United
States and Cuba together OF 205,329
tons, against 1869 tons last week
and 1896 tons last year. an increase
OF 1888 tons over last year.
IA Sugars.
The market has remained through !
the week quiet and steady, with con-
siderable business done with independ- .
ent refiners in sugars for arrival, but
none for sugars on the spot, on the
basis of isle. C. q T., equal to 1-2c
per pound for 96 degree test centrifu-
gals. AT the close the principal buyers
secured several cargoes of centrifugals
at 2 3-4c C. & f., equal to 7-16c, duty
paid for So degree test. The reopen
ing of the refinery In Boston will in
crease MEETINGS to some extent and
there should be enough demand to keep
prices steady on the basis of 7-16c
for the present. Later on there should
be increased offerings from the West
Indies, also from Austria, on complete
opening OF the navigation there, and 1t
remains to be seen what will be the
effect thereof.
he ~
Congress has taken no further action
during the past week on the Porto Rico
Bill, but will now likely push 1t faster
In view of the reports received show
ing the distressing condition OF affairs
throughout the Island. Definite action
on the Reciprocity Treaties is delayed,
and the proposed reduction In duties
on Cuban sugar Is a long way off.
A reciprocity treaty has been signed
by representatives OF the United States
and Great Britain covering the trade
between this country and the Island of
Trinidad. 1t provides for reduction
OF II 1-2 per cent in the duties on su-
gar imported here from Trinidad. The
treaty must be ratified by the Senate
before II becomes effective.
The report of the Philippines Com
mission, transmitted to Congress by
the President recommends, for the
present at least, that no attempt be
made to readjust the tariff to our
basis on goods to and from these ISL
ands, and that, so long as the existing
chasm remains between the economic
and social conditions of the Philippines
and those OF the United States. so long
1t remains impracticable to identity
their tariffs.
MINISTER STRAUSS TALKS II