Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1902-02-07

In certain cases, and the price in
graduated Is now i.75C. list or say,
4.4G to i.51c net cash. Stocks in
grOCcrs' hands are small. and with a
strong market and normal difference
between raws and refined. the demand
should increase.
cOFFEE-FOllOwing the sharp de.
cline which occurred since our last
report, there was a reaction in the
coffee markets, but the improvement
was very shOrt.lived and values are
now back to almost the level of Mon.
day last when options were down to
the lowest point reached since the
middle of October. There seems to be
! no doubt that the position is just as
weak now as 1t was before and we
have no hesitation in stating that
values are likely to come back near to
where they were last year. Brazil re-
ceipts continue very heavy and every
day seems to confirm the outside esti-
mates of l5,OOO.OOO bags for Rio and
Santos. Receipts so far are II .0OO,OOO
bags, and to get l5.OOO.OOO in all, up TO
June &Oth next. It simply means an
average Of about $4,000 bags per day
in the two ports, for the remaining
100 business days of the crop season.
The character OF the business Is
very disCOuraging, especially as a good
demand had been anticipated during
this month. The Green market hav-
ing given way considerably, the prices
OF Lion and Ariosa package Coifees
We're respectively reduced one cent
per pound during the current week,
but 1t Is generally understood that
business is unsatisfactory. even at the
decline.
The Brazil markets have been slow
TO conform to the lower prices in con-
Stunning markets, but today we learn
that the basis for No. Rio. cost and
freight, is $40 cents. Brazilian En-
change is still declining. having drop
ped SIS so far this month. No. Rio
on the spot is offered at 6 cents and
No. ) Santos lac, but there is little
/ or nothing doing.
Futures on the Exchange closed a;
$50 to $40 for January and 600 tC
COS for June. Last year: Januarr
$40 to o.45; June, $50 to $40, and
spot No 7, &c nominal.
Visible supply of world. in bags
January /, 1902, 1850, $50; December
l, 1901, lO,735,719; January /, 1901.
7,5GO,345.
Stock United States all kinds in
bags-January /, 1902, 2,14S27O; De.
Ccmber /, 1901, l,SS2,7S7; January J.,
1901, l,O3l,GlU.
Stock Brazils in New York January
%, l.747297 bags. Total Brazils in
the United States, l.SG6,0l3 bags. To-
tai in United States, other kinds, Jan.
uary 90, 243,7lS bags. Deliveries for
the week ending January IS. 1881
bags, against 1l3,464 bags last year
Receipts of Brazls for week ending
January %, 33,775 bags.
EUROPEAN BOUNTY CONFER.
ENCE-When the members Of the
conference at Brussels reassembled
after the holiday recess. the repre-.
sentatives of Great Britain announced
that their Government iatcnded to
Impose a Countorvaillng duty equal to
the bOunties, unless the bounties were
abolished. Thus England has finally
decided to give some protection TO her
colonies. II she carries out her inten,
ton, there win again be market to
the United Kingdom for sugar from
the British " est Indies, DcmcraTa and
other CGne.grOwiug countries.
It Is said that Great Britain and
France have demanded that Germany
and Austria not only withdraw their
bOunties but suppress their "Kartels.
The present indications are, however
that the conference will end IN a dis
agreement, and, II so, it remains to be
seen what Independent action the
British Government will take against
bOunties.
MAKE CUBA SUGAR FREE; De
STRoY NO lNDUSTRY-We reprint
from our Journal of December |.
the following which has been widely
circulated and favorably commented
upon:
The distress in Cuba, which We
have been pointing out, Is only just
. here.
Being obliged to dispose of theiI
crops of sugar below cost OF produc
ton, the planters there are on the
verge of bankruptcy.
There is no improvement in sight
as far as the market prices are con
CeTned.
, The depression in the sugar markets
Is worldwide, and Is due to the enOr
nous Oyerproduction, especially in
! GERMANY where the combination oil
manufacturers, known as the "Kar
TEL" Keeps up the prices so high foI
home consumption that it Is enabled
/ TO stand heavy losses on the sugar
which is exported. The quantity eX
ported Is immense, amounting last
year to 1,l44,277 tons and it has been
sold at prices lower than ever before
known, which prices have to be met
by Cuba.
There are no indications of less pro
duCtiOn in the world next year, Conse
quently low prices will continue.
Spain is now producing more than
she can consume, so that Cuba cannot
market her crop there as she did for
merly, and therefore only has one mar
ket, which Is in the United States,