The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1900-01-09
SUGAR MARKE 7
Williams, DimGnd 4
Cos Circular.
The Now Reciprocity Treaties Beet
Sugar--WiIett & Gray's
Peplrs

shipments Of sugar are going out
constantly, aud the situation IL as
promising as the circumstances war
rant. though some little slackness may
! follow the quarantlnlng Of the port. II
rs not expected, however, that the gu
gar shipments will be affected by the
unfortunate tying-up of business as a
result Of the existence Of plague in q
part of the city. The latest San Fran
cisco quotations regarding sugar are
from Williams, Dimond & Co.'S letter
Of December eth, furnished the Adj
vertiser through the courtesy OF Schae-
fer & Co, given as follows:
SUGARS-We last addressed you per
America MarU, Dec. a. Prices in the
local market and for export to Homo
lulu still remain unchanged.
BASlS-Last sale reported, as ad-
vised Dee. 20. Basis unchanged, Az
in New York; 37s in San Francisco.
LONDON BETS Dee. % and 30
9s Sd; p, IS 2Hd.
IN pIlANl La TsD 4NO tudISt III
New York quotations. Market in New
York quiet. with fair business doing.
EASTERN AND FOREIGN MAR
KETS-I.atest mail advices report
market steady and firm, with buyers
at current quotations, and no sellers.
Tone and tendency in favor of sellers.
1t is also reported that American re-
iners are making purchases of beet
sugar in Europe. European markets
are reported about IS I'D advance for
beet sugars, and 81 advance for Ger
man graduated.
london cable. Dec. %, reports Java
No. 10 D. $. lis Sd; fair refining, los
I'd: January beets, IS 81.
Statistical position, according to VIII
lett IL Gray: u. S. four ports estimated
Dec 20, 2F3,7S2 tons. against $685. tons
last year Cuba six principal ports,
Dec 20, 10000 tons. against 1913 tons
last year same date. Total stocks in
all principal countries at latest un-
even dates, by cable Dec. a. 1,lOo,377
tons, against / ,013,525 tons same date,
last year. Excess over last year, 81
S52 tons.
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 Tor 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
: No mil
duty. amounting to 20 per cent in the
case of tire Argentine Republic, and
l21a per cent on sugar produced in ia
maica, Barbados and British Guiana
DeInarara). and to remain in force
FIVE years
Sugars from Argentine Republic are
IL he 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 nom
countries is l.6S5c per
pound. The reduction of 20 per cent
viii amount to 1870, or about l-32c
less than sc per pound. and 121a per
cent will amount to .2106c, or about
f-32c less than Ac per pound.
Therefore, if these treaties are rdti-
fled, the rates assessed on SO degree
test sugar will be, say, from Argentine
Republic t.34Sc and from British west
Indies f.474ic per pound.
The treaties have been referred to
the Senate Committee on Foreign Re
Iations for consideration and report.
European beet sugar countries are
beginning to take a long look ahead to
the time when the production OF beet
and cane sugars in the United States,
ana cane sugar in Cuba, Porto Rico,
Hawaii ana the Philippines, shall in
crease sufficiently for the total con-
of the United States. They
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
natural or artificial, or
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-
pllshment 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, $50, 500 tons,
against SIT ,595 tons last week, and
oil ,055 tons last year, Total stocks of
Europe and America, l,lO6,377 TONS
against l,09S,435 tons last week, and
| lOl3,525 tons last year at the same
uneven dates and 1856 ASS tons. at even
| dntn of Nov. LIST last year The excess