The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1900-01-09
From other Sources.

The following interesting matter
about sugar is extracted from George
Heasleton's Financial Letter:
The President has transmitted to the
United States Senate for ratification
the treaties of reciprocity covering the
trade between the United States and
the British West Indian Colonies and
Argentine Republic. These treaties
provide for the admission Of sugar into
the United States at a reduction or
duty, amounting to 20 per cent in the
case of the Argentine Republic, and
12ta per cent on sugar produced in ia
maica. Barbados and British Guiana
Demarara). and 10 remain in force
FIVE years.
Sugars from Argentine Republic are
to be exempt from cOuntervailing du-
ties. provided they are shown to have
not paid any internal tax nor received
any bounty. The present rate of duty
on SO degree test sugars from non
bounty-paying countries is 1.6S5c per
pound. The reduction of 20 per cent
will amount to 1910, or about 1-32c
4 less than CSC per pound. and 1212 per
cent will amount to .2106c, or about
1-32c less than &c per pound.
Therefore, if these treaties are rati-
fed, the rates assessed on SO degree
/ test sugar will be. say, from Argentine
Republic 1.34Sc and from British West
Indies 1.4744c per pound.
The treaties have been referred 10
the Senate Committee on Foreign Re
/ lations for consideration and report.
European beet sugar countries are
beginning to take long look ahead to
the time when the production of beet
and cane sugars in the United States,
and cane sugar in Cuba, Porto Rico,
Hawaii and the Philippines, shall in
crease sufficiently for the total con-
sumption of the United States. Tney
are asking when that time comes what
will they do with their surplus beet
sugars. The answer they find. or pro-
pose to find, is in the direction OF a
stimulation, natural or artificial, OF
their own home consumption of sugars.
The present rate of consumption
abroad is certainly very small when
compared with ours, and no doubt I'M
der proper action it can be largely in
creased. OF course. the more coffee
tea and cocoa people consume the
more sugar also. These necessities
are free of all duties in the United
States, but are taxed exceedingly high
in Europe, and the movement to in
crease consumption of sugar abroad is
taking the direction of reducing or do
ing away altogether with taxes on tea,
coffee and cocoa, and this seems to be
a very good way to begin the accom-
plishment of this object.
Willett & Gray's Circular.
In regard to the statistical position
of the sugar market. Willett & Gray,
Dec 81. said.
Stocks in Europe. SS2.59 tons,
against S77. 595 tons last week, and
81, 055 tons last year. Total stocks OF
Europe and America. 1.1O6.377 tons,
against 1.09S. 435 tons last week, and
1,O13,525 tons last year at the same
uneven dates and 1.356.45S tons, at even
date of Nov. 1st last year. The excess
of stock is 92.S52 tons. against an ex-
cess of S4.646 tons last week. and a de-
ficiency of 1O2.3i1 tons December 10Th,
1898.
Touching the refined sugar market
Willett & Gray. Dec. 81. said:
Prices for prompt deliveries are IN
changed, except slight changes in few
grades of sOfts. Rcfiners call atten-
ton TO the advance to be made in
freight rates after January 1st. and re-