The Hawaiian gazette., 1900-02-13
SUGAR MARKET.
With Steady and Firm
Upward Tone.
The Opposition to Reciprocity Treat
ies--The Future Of Domes-
tic Sugar

ne loNoWlnE is the sugar SUMMARY
to February 10th. inclusive. furnished
through the courtesy OF Messrs +. A
Schaefer & Co. and clipped from tn,
latest circular of Messrs. willett &
Gray:
Sugar-No changes in the local mar.
ket nor for export to Honolulu since
January oath.
Basis-Advanced Jan. &c. spot sale
900 tons, at 7-16c, since which nc
sales reported, making net basis for
Island sugar in New York Jan. 81
7-16c; San Francisco, Lice.
! Dry anulated-Unchanged until
January 30; advanced to Bose, making
net price &c.
| London Beets-Jan. 24-26, 9s 7iad:
9th, IS sgd; goth, 9s 71ad 30th, 9s
9a4d; 31st, 9s Cd.
Eastern and Foreign Markets-Lat-
est mail advices, under date of New
York, Jan. 81, report the market stea-
dy and firm. Cane sugar will probably
continue to be scarce, as Cuba and
West Indies are reported to be holding
off, in hope of reduced duties, as rec
commended by the President. 1t is re-
ported that the receipts of Java sugar
for the next six months will be about
$4,000 tons less than for the same
time last year.
London Cable-Advices report steady
market for beet sugar at unchanged
prices, and locally the market shows
a strong undertone. Offerings contin-
ue moderate, as importers generally
are Indifferent sellers. London cable
Jan. 81, quoted Java No. Is d. S., lis
Sd; fair refining, los Cd; February
beets, 9s SID, against 9s tx same date
last year.
Statistical Notwithstanding to
| Willett & Gray, total stock in all hands
United States, four ports, estimated
Jan. oath, 1883 tons, against 121, 731
last year; total stock in Cuba. six prin-
cipal ports, 1880 tons, against 13,402
last year; total stock in all principal
countries at latest uneven dates by
cable Jan. 25th, 1,470,619 tons, against
l ,433,441 tons; excess over lase year.
81, 17S tons.
The Australia arrived at / a. m. Jan.
81, and was ordered into quarantine
for inspection, and up to the present
writing we cannot learn that the pas
sengers have been landed; neither
have we yet received any mail by this
steamer, but we understand that she
had no sickness on board, and in all
probability the passengers will be
landed this forenoon, and undoubtedly
the cargo will be delivered after the
vessel has been thoroughly fumigated
Willett & Gray.
Raws--The receipts for the week
ihnp In hut hnf
not checked in any manner the
strength of the raw sugar market. The
quantity for sale was not large, and
was readily taken at the basis of 4asc
per pound for SO degree test for CEN
trifugals, including Javas at Us Sd C.
/. f., equal to 4ssc duty paid. Muscova
dos were nominally quoted last week
at 15-16c, and have since been sold
within very small fraction of that
price. Larger amounts could have been
sold If offered, but the available SUI
gars for sale are limited at the moment
outside of European production. Eu-
rope appears to be now looking to
America for the probabilities of the
future markets. AS far as we can see,
there Is little reason to expect any re-
turn of the lower basis of prices re-
Gently prevailing, even for several
months to come. A steadily improv-
ing tendency is now likely for the next
two months, and If then reaction oc-
ours, as frequently happens during the
spring season, prices are not likely to
recede below the present basis.
Referring to our remarks last week
regarding the bubonic plague in the
sugar producing countries of Australia,
Philippine Islands, Hawaiian Islands
and Brazil, it is now reported that the
plague has broken out at Rosario, Ar
gentine Republic.
Hawaiian EXports-The exports of
sugar from the Hawaiian Islands were
1,00S tons for week ending December
30th, and 1879 tons for week ending
January 9Th.
Opposition to Reciprocity.
The reciprocity treaties negotiated by
the President and now requiring the
approval of Congress before becoming
effective, provide for reduction in du-
ty of 20 per cent on sugar from Argen-
tine Republic and 121a per cent on Brit
ish West Indies sugars. The President
recommends that Cuba sugar be admit
ted at the same reduction as may be
granted the British West Indies sugar,
and that the sugar and other products
OF Puerto Rico be placed on the free
list. The home producers of sugars
are fighting all these propositions.
hoping to defeat any action which will
make any change in the policy of pro-
lection, and, while not fearing much
competition from the limited produce
ton OF Puerto Rico, they object to the
precedent Of admitting free the sugars
from that small island, having in view
the probability of the attempt later on
to admit Cuba sugar free. One OF the
Senators from Connecticut, where to-
bacco is produced, proposes reduction
of 20 per cent in duties on the prod
ucts OF Puerto Rico instead of free en-
try. The supporters OF the President
believe that free trade will be granted
Puerto Rico at this session of Con-
gress, after long fight.