The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-12-04
WHOLESALE MARKET

Mith . warm reception ftom tho trade sou
Jug at sc Tor opound baskets.
New Orleans. advices report ermo,
market Tor molasses. Open kettle grades
mat sold at he opening Of last week az
rs sn we're t bringing 3oiac aud Bic and tho
range OF prices quoted In New Orlesns ,
open Kettle molasses was SnSj36c W.
Mail adyices received from Jsr,.t,.
the date Of November is saw Of Tho cron
of allspices: Since our last We have neon
able To get more correct statistics ~ M.
present crop, with the result thot n IL
now fairly well ascertaincd thar tho mos
ent crop Will he little II anvthing ovSr
Ia, az Y 0aG instead Of as reported In our
lHst e9.uVo. We estimate the balance ~
plmento remaining In the Island unsbinned
as between 2O,Op0 aud n 900 bags the
ihrger, portion IL which is strongly held
Tor advanced prices
Czarnikow, MacDougan & Co. saw Of
sugar: In cane sugars considerable
business has been done In parcels for shin
ment from Cuba, Demerara and Brazil. and
Java cargo at Delaware Breakwater has
been sold at a price equivalent to a shade
over the spot quotation for centrifugals. II
was expected that the pressure to sell new
beet sugars would have diminished by this
time and that European markets would
have been drmer. but there are yet no
signs Of this being the Csc. and u Is nrohs.
hle that the weakness incidental 10 largo
supplies has been aggravated hy the dis
turbed financial conditions existing in Ger.
many. There have been offers 81 beet In
this market for shipment during next
month at prices equivalent 10 the parity
Of 8.S1c for 30 degrees ccntrifugals and
II will TINS he seen that an advance OF
l,l6c on the spot prices OF cane sugar
would bring such sugar up TO the import
ing price of beet II i, therefore IL be
feared that unless Tlces Of beet show
some recovery am material advance in
! cane sugars hero would be checked hy re.
liners reSorttDS to Europe for their sup.
piles although such n recourse would li.
mediately be felt in tn European markets.
which appear 10 be very sensitive and
ready "a respond 10 the slightest signs Of
| demand from this side. The Brus sels con
| ference on bounhes has been called for
! December l6. The question Of the aholi-
| tirn Of European hounties is complicated by
! the fact that the Kartel might have 70 iu
| IT'S power 10 neutralze the effect 81 the
\ abolition Of the public hOunties by giving
| private bounues, and that france. though
| having no karteli, could not take the same
| production. In France the formation Of q
| kartell is considered impo 'sihle under eN-
| listing legislation 1t is probable, there
! fore that before agreeing 20 the abolition
OF public bounties France VIII require some
| guarantee thar no private hounties Will
| be give by the kNweN. In any case. ne
| change In the present hounles can Toe en-
forced before Oc-oher l, 1902. Louisiana
| There are reports Of frost In some districts,
| but 40 far as has been ascertaiued the
/ damage ii any, 70 the canes Is very slight
| Porto Rico According 10 Information Lrom
reliable quarters the. coming crop IS likely
| 10 reach fully l25000 tons, Grinding has
! begun on several estates aud new sugars
are expected 70 be ready for shipment IL