The Hawaiian gazette., 1902-12-05

cash. established 2lst inst. still pre-
walls.
LONDON CABLE November 2ist
quotes Java No. 10 D. $. 9s. 3D.; Fair
Refining. IS. Cd, against gs lloyd.
same date last year December Beets.
rs. 10isd.. against Is. SID, correspond
ing period last year.
EASTERN AND FOREIGN MAR
KI1TS - The Raw Sugar market Is
steady and strong, according to latest
mail advices from New York under
date OF the 2lst Inst. with buyers at
the current quotations. but with few
sugars Offering. Supplies have arrived
on the market In inconsiderable guam
ties. although at the close further sales
of Java sugars to arrive are reported.
hut evidently the transactions are not
of sufficient magnitude to change the
situation. an upward tendency being
! observable, accumulated doubtless by
reports from Europe OF unreasonable
weather conditions. Mr. LIGHT has re-
duced his estimate OF the beet crop by
10000 tons, leaving ii at 6,725.000 tons.
Further notifications in the estimate
may be looked for later, should the
causes contributing to "A diminution OF
| the output continue. Stocks In cuba
are diminishing. Refined is strong, and
Il better feeling manifest We under
stand the California Beet GRADUATED
arriving at New York is still unsold.
LATEST STATISTICAL POSITION
--Willott n Gray report November 10th,
| u. S. four ports, in all hands, estimot-
ed November 10th, 1S3,l54 tors against
| 1G3, l5i tons same date last year. Six
ports Cuba, as per estimate November
| 18Th, 1000 tons against 42,'H tons cor
responding period last year United
/ Kingdom. estimated Move mDer lSth
| 1l7,OOo tons against 1885 tore, H. 1901
Total stock I'm all the principal coun-
! tries by cable November 10Th at latest
uneven dates, 1,47S,154 tons against
3J2, f03 tons; increase over last year.
4S015l tons.
G. Czarnikow a. co. OF New York,
under date of November q, say:
TIE market for raw sugar has been
excited and active and shows "A greater
advance IN the week than has been
seen in the same period for some time.
The causes which have brought about
this advance have been the scarcity of
cane sugdrs here and the extreme frost,
which began this week and still con-
tinues, In European beet countries and
| which has led to fears OF injury to the
roots stll in the ground.
Early In the week Mr. LIGHT reduced
his estimate. of the beet crop by l25, 200
tons which left II at 5,725, 900 tons, but
since this new estimate was issued, the
extremely cold weather, already refer
red to has occurred. and further modi-
Gcations In the estimate may be looked
for later.
The extent OF beet sowings next
spring will be the most important mar
ket influence for the coming year. and
there IL already much questioning az to
. whether the deterrent effect OF the abo-
r lltion OF bountics has not been almost
neutralized by the advance in prices,
. particularly as producers In Europe are
making efforts to obtain concessions In
: railway rates to shipping ports as a
partial set-ofI to the loss OF bounties.
Many of the Cuban holders OF old
sugars have disposed OF their stock
this week and have at the same time
: bought new crop sugars for delivery
7 January february, the intention being
= to carry the new sugars until reciproc-
f. ity with United States IN arranged
. This expectation OF reciprocity will. t.
some extent, restrict the early supply
bl I'W tlbI 'ubh EuBdIS W the iIllN'N
I States.
90 y.ryu.oc.caO Observation-Disclosures
, the Russians. In the lower provinces
| the Americans have the better hold
: although they own no territory. The
British and Belglans are not well
: thought Of.
Despite all that travellers, mission
aries and others have told of China, II
----------~----..-....--a-
, seems they nave never arrived AT q
definite knowledge OF the enormous
/, commercial advantages which China
possesses In her interior provinces
there Is enough trade 10 keep the world
busy II II II only handled right, and
II is the Americans who can do this,
AS 10 the future Of the country
there Ia feeling that political changes
are certain 10 take place, and soon
There Is an interesting story there re-
, Earding Chinese snpersilti0ns, lieforf
The lioXer troubles the bamboos spr0ul.
ed twice IN ono year ana the Chinese
said there IL going ~ be some trouble
, There was, This year there have boon
tyn crops ~ linheea, ana The natives
tuEo this HH "A flTfpnHt of mOit