The Hawaiian gazette., 1901-12-06

Statistics by Special Cables.-Cuba.--
The six principal ports.-No receipts;
exports, $500; stock, "A 500 tons against
!, 1888 tons last year. Grinding has ceas-
ed.
Europe.-Stocks in Europe, l,25G,000
tons against 92i,SS2 tons last year
Total stocks of Europe and America,
1,4I4, COS tons against 979,1li tons last
year at the same uneven dates and
3O4, 400 tons 1T the even date of oct l..
1900. The excess of stock is 494 29i tons.
against an excess of S39. 2G3 tons last
week. and n deficiency Of $3.50 tons
December 9th. 1900.
Raws.-l'hc week has been a very dun
one with an easier tone prevailing. AT
the opening Dcmerlras We're sold at
equal t. $50. for 90 deg. test, since
which time buyers have been holding
aloof, - that but little business has
been possible. Ccntrifugals in many
positions have been freely offered. basis
3Ac for &c deg. test. while sugars to
arrive from Erazi were rather moro
urgently pressed for sale, resulting in
the p.dCing OF a cargo for shipmcn; IN
Philadelphia at 23-32c. for SO deg. test
Ccntrifugals and at 3 1-l6c. for 81 deg.
test Mrst,VaGIs. The Brazilian crop is
early this season and will show large
increase over last years production. 1t
has, been expected that receiMs would
show great reduction after the fleet OF
Java steamers came in, but such falling
off il not yet noticeable ana arrivals
from cuba. Dpmcrara. Hawaii Brazil
and other sources continue to an extent
about equal Ia requirements. At the
81, ,f iC,,cr lSs
at 1l-1Gc. European markets have
been qui It. with fluctuations of only a.d.
in beet sugars. closing at is. S%d. f. O.
b. Hamburg. The depression in the SUI
gar markets is world wide and has
been caused by the large crops. par
tiCularly by the immense increase in
Furou"9n beet crops. The only hope of
relief is in heavy reduction Of beet
root soWinEs next season. 10 bring
about which. efforts are now being
made. our European friends write that
il is hoped there viii be no general adj
vance in prices before next spring,
when the crop will be planted, other
wise growers may again be tempted to
SOW largely and thus prevent an inn
provemcnt in the situation.
Refned.--The easier market for raw
sugars. and the falling off in the de-
mand for refined, brought about a de-
cline of Zoe. per i00 lbs. in all grades
by Arbuckle, which was soon met by
the other reiiners. all selling now on
the same basis. Shipments of nearly
all grades are fairly prompt and guar
anteeS t. arrival are given as before.
Lake and rail shipments will soon be
discontinued for the season. New Or
leans refined sugars are 10 points below
New York quotations The business
doing here is only fair. There are no
special indications for the immediate
future. but the course of the market
will largely depend upon the demand.
Coffrc--At the time of our last report
the coffee markets were excited under
the influence of continued reports of
crop damage by drought. During this
week several cables from Brazilian
firms who had been foremost in re-
porting drought, now say that rains
have set in. but in the same breath
try to convey that they have come too
late to do any good. We think this il
another example of the nonsense which
has prevailed and used to such an ex-
tent by spectators to advance the
market. The option markets have Civ
en- way considerably from the top
prices under heavy realizings, but the
present decline is perhaps due more to
combinations that there are heavy
rains in the interior of Brazil and that
the prospects appear to be much better
than they had been reported 1t is
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