The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-06-03
SUGAR
THE WEEK.

sic receipts, 2o,04l tons. Melting
. $1,000 tons. Total stock in four port,
127.2lS tons. against 1917 tons las
week. and 1852 tons last year. Bee
Sugar quotation, Z. o. b.. Hamburg. 6
4isd per cwt. for IS degree analyst.
equal to S.59c for SO degree test Centrii
ugals at New York. First marks Ger
man Granulated Z. o. b.. Hamburg. Z
i0=d. equal Also New York. duty pai6
Estimated afioats TO the Unite
States from Cuba and the West Indies
$500 tons; Javas. 10000: Hawaii. $500
tons: Europe. $4,000 tons: Peru. Demer
ara. etc. $4,000 tons; total. 10000 tons
against 115.o00 tons last year.
| Spot Foreign Granulated-The de
| mand Is light and the supply moderate
Fine Austrian. 4.50c asked. For impor
Dutch GRADUATED. prompt shipment. 9,
Cd. c. and (. Fine Austrian Granulat
ed for prompt shipment, 9s. c. and f.
This weeks summary OF the statisti-
cal position shows stocks in the United
States and Cuba together of 67.21S
tons. against 566,l77 tons last week and
1896 tons last year. an increase OF
1889 tons over last year.
STATISTICS BY SPECIAL CABLES
Cuba-The six principal ports: Re-
ceipts. 5000 tons; exports. 800 tons;
stock. 10000 tons. against 1S2. 7e4 tons
last year. Ninety centraIs grinding
| against II last year.
Europe-Stocks in Europe, s.475. 000
tons. against 1.633.59S tons last year.
Total stocks OF Europe and America,
3.042.2lS tons. against 2.055.964 tons last
year at the same uneven dates and
3.32i.529 tons at the even date of April
!. 1902. The excess OF stock is 1.006.2 54
tons. against an excess OF 955.049 tons
last week. and an excess OF $685. tons
January I. 1902.
Hamburg-Five thousand tons raw
and refined sugar shipped to America
1000 tons refined.
RAwS.
Following the weakness noted at the
close of last weeks review. MuScovados
have been sold at &c reduction, the
supply OF these sugars on the market
being larger than the demand. while for
Centrifugals the quotation has remain
ed nominally unchanged at SIC for IS
degree test basis, but 1-16c less than
this quotation would have to be taken
on spot The European markets have
come into a very quiet state, the fiuc-
tuations for the week being only sd
up and down. This condition In Europe
is simply because the contract account
for May having been disposed Of op-
at the same time, watching closely ev-
cry feature and circumstance likely to
have a bearing on the future OF the
market. Buyers and sellers here, on
the contrary. are entirely Indifferent to
prevailing conditions or what may
transpire because their anxiety regard
ing the Cuban situation so long drawn
out has finally developed into a feeling
Of Indifference as to whatever the out
come may be. Congress is making alb
no progress and, In the mean
time. Cuban planters are parting with
more and more OF their crops and have
daily less on hand to receive benefits
from. The situation is discouraging in
the extreme. Sales were made yester- |
day of Demerara Centrifugals for June |
shipment. basis OF SIC for SO degrees
test.
The first sale of new crop Jaws. sug- |
lrs has been made, for arrival next |
fall. at equal to slice for Sc degrees |
test. This gives no indication that any |
better prices can be looked for for cane |
sugars unless the beet sowings OF |
Europe are much more largely reduced |
than at present indicated. The esti- |
mate OF 6 to IL per cent reduction In |
sowings is absolutely OF no promised |
advantage to the value of sugar. A |
much larger reduction than this must !,
be made IL any Improvement is to be !
expected. The main features having 4
lime are the sowings of the beet crop |
and the open question OF a concession /
N duties TO the Cuban planters, as well i
Is .he uncertainty attending the con-
irmation by the several European gov
.rnments OF the decision of the Brus- 1
iels Conference. All these are very
important matters likely to cause more
" less disturbance In the sugar mar
tets OF the world. during the coming
months. There appears to be nothing,
q 1
o warrant the expectation of any
marked improvement In the general
ltuation.
Receipts for the week have been 25.-
~ tons. or about 5000 tons less than the
for MEETINGS. which caus-
q a slightly firmer feeling for raws at
ne close. There still remain in Cuba
40. 900 tons OF sugar OF the present crop
gainst iS2. 70i tone at same time last
ear. which shows to what extent the
lanters are able to withhold their SUI
ars from the market. Grinding Is
coming to an end in Cuba, 10
entrals having stopped during the
resent week and leaving only 80 still
[ work. The inauguration of the new
resident OF Cuba, on the goth inst, for
hitch event general holiday is to be
AIKEN throughout the island. will no
oubt bring many more centrals to a
lose and final estimates OF the crop
an begin to be forecast with better
REFINED.
There Is n general decline of &C per
10 lbs. from last weeks quotation and
MS concession has led to n rather i'm
roved business. although not to the
xtent that might we'll be expected at
his season. Refiners guarantee prices
} STRIVE as before. Crops of small
Crries are large and arriving freely in
Ia market, beginning with strawbE a.
es, which always increase the con- ;
lmption of sugar and add to the de-
land. The demand should be sufficient
'om now on to maintain prices at
resent level unless raws further de-
inc.
COFFEE.
Whatever may be the true reason for \
lie slight advances that have taken
ACE in the option markets, ii is quite
.rtain that the value OF spot coffees
as not been affected so far. With re- =
ard to speculative contracts II is nat
raj to suppose that there would be
,me covering Of short lines prior to
le Whitsuntide holidays which are