The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1901-12-04
WILLETT & GRAY'S LAST CIR
CULAR.

WILLETT & GRAY'S LAST CIR
CULAR.
Statistics by Special Cables-Cuba.-
The six principal ports.-No receipts;
exports, $500; stock. 44.5OO tons, against
1,73S tons last year. Grinding has ceas-
ed
Europe.-Stocks in Europe. 1.256.OOC
tons against 924,SS2 tons last year.
Total stocks of Europe and America.
1,474.OOS tons against 979, ia tons last
year at the same uneven. dates and
304, 42O tons at the even date of Oct. 1,
1900 The excess of stock is 494, 294 tons,
against an excess of $780, 9S tons last
week, and a deficiency of S6.9S3 tons
December 9th. 1900.
Raws-The week has been a very dull
one with an easier tone prevailing. At
the opening Demeraras were sold at
equal to SIC. for 90 deg. test, since
which time buyers have been holding
| aloof, so that but little business has
been possible. Centrifugals in many
positions have been freely offered, basis
| 3%c. for Sc deg. test, while sugars to
arrive from SBrazil were rather more
urgently pressed for sale, resulting in
| the placing of a cargo for shipment to
Philadelphia at s 23-32c. for SO deg. test
Centrifugals and at Lice. for 81 deg.
| test Muscovados. The Brazilian Crop is
early this season and will show a large
increase over last years production 1t
has been expected that receipts would
show a great reduction after the fleet of
or COZ in, hrri 70 lir1cy
| off is not yet noticeable and arrivals
! from Cuba. Demerara, Hawaii, Brazil
and other sources continue to an extent
about equal to requirements. At the
close there are buyers of Centrifugals
at 11-16c. European markets have
been quiet, with fluctuations of only I'd.
in beet sugars, closing at rs. 3% 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
European beet crops. The only hope Of
relief is in a heavy reduo tion of beet
root sowings next season, to bring
about which. efforts are now being
made. Our European friends write that
it is hoped there will be no general adj
vance in prices before next spring.
when the crop will be planted. other
"-N'N SApNNA' may ciSdAil Dt ltGitpNtu "
SOW largely and thus prevent an i'm
provement in the situation.
Refined.-The easier market for raw
sugars and the falling off in the de-
mand for refined, brought about a de-
cline of 10c. per 100 lbs. in all grades
by Arbuckle, which was soon met by
the other refiners, all selling now on
the same basis. Shipments of nearly |
all grades are fairly prompt and guar
antees To 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.
Cofee-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 is
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
an way considerably from the top
prices under heavy realiZings, but the
present decline is perhaps due more to
puiiTmatlons that there are heavy
rains in the interior of Brazil and that
ne prospects appear to be much better
han they had been reported 1t is
Hell known that the legitimate coffee
trade have not INDUCED in the ad
.auces.
MAKE CUBA SUGAR FREE,
Senator Henry cabot Lodge. the in
innate friend Of President Roosevelt
% the course OF a speech last week on {
he question of reciprocity, said:
First, and the most important of all.
II my opinion. for political as we'll as
Tor economical reasons, is reciprocity {
with Cuba. The prosperity and devel- 5
1pment Of that great island are i'm
,ortant To the United States in a de- (
gree second only to the welfare of one {
IF the States of the Union
The Havana Post in an editorial {
says.
The greatest market in the world
= in the United States herself. The
commerce Cf the first magnitude is the
commerce between and in the States
Il the Union. The American paoule
make more money than any other peo-
pie. and they spend more than any
'ther- This produces an enormous
amount OF domestic trade and inter
state commerce. Cuba asks TO be put
n the way of doing the same thing.
We want TO be taught how to make