The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-09-09

Beet contracts for May delivery are Of
fered today at is. f. o. b. Hamburg.
A month ago we stated that the Cuba
crop was likely to give an output of
considerably over 500, 900 tons. The visi-
BILE production now amounts to $40, 900
tons with two central grinding and, al
lowing for receipts for the remainder
of the season, on the same basis as
that of last year., the total crop of the
island will probably reach $4,000 tons.
The exports from Cuba for the week
are large, amounting to So, 800 tons
Receipts at United States o Ports
are not very heavy his week, being
1896 tons, or say, 1000 tons less than
requirements for MEETINGS, but there is
so much sugar from Cuba, Hawaii and
Java, neal by, that the arrivals next
week may reach $4,000 tons. Under
such conditions we cannot expect any
immediate improvement in prices. but
the indications are that they will re-
main steady.
Refned-The demand has been mod
crate throughout the week, while list
prices have remained unchanged, with
Arbuckle 10 points lower than others
on soft grades. American and Howell
allowed a concession Of 5 to 10 points
on such grades of softs as were not
oversold, from time to time, but all re-
liners have been firm on granulated and
other hards and the indications are
that prices will be maintained for the
immediate future. There is a little de-
lay in shipments, of certain grades,
therefore buyers should not let their
stocks run too low. Refiners will book
orders to thirty days delay. if required,
and give guarantee to arrival.
The distribution is good from the
many distributing points where refiners
have sugars on consignment. The de-
mand should be good throughout the
next four or six weeks, as there is
bound to be q very large actual on
sumption during that period, especially
for canning purposes. We are publish
ing reliable reports from our CORE
spondents in various parts OF the coun-
try in response to our special enquiry,
and these show that in most of the
territory the fruit crops are much larg-
er thai last year while the local stocks
of sugars are very light. The refineries
are thus insured a busy season.
Cuba-Press reports from Havana
state that it is unlikely any attempt
will be made at present to float the
proposed loan of $35, 900, 1000 as the move
ment is not supported by President
Palma and his Cabinet. In an inter-
view yesterday, President Palma is re-
ported as saying:
81 am opposed to trying to fioat a
large loan until the Administration can
establish the fact that it can run the
Government economically and end up
it's first years experience with a sur
l. H. fa1+ %L1k --o
have not established any credit, and
that we cannot expect to borrow money
advantageously now. The budget has
not yet been made up, and until this
is lone it would be folly to go on the
market for a large loan. 1 would adj
wise, for the present, a loan of 81, 600. 900.
to be distributed among the cane grow
ers of the Island; this would stimulate
industry and put money in circulation
among a class in his country whose
sad condition, 1 fear, is not realized in
the United States
Porto Rico Crop-Ponce, P. r., Aug.
18th, 1902.-"According to our calcula-
tons the sugar crop of 1901-19O2 will not
exceed in production $1,000 tons, taken
in all. The steamer san Juan" load
ed here a couple of days g 5000 bags
of Centrifugal sugar which were sold
and shipped direct to New Orleans. We
understand that the price paid there
fore was 3 i-16c. c. i. f. We now calcu-
late that after his shipment there will
come forward in our island from II, 900
to $4,000 tons more, which will COM
plete the balance of our crop, and then
the above mentioned quantity of IS, 900
tons will be reached The prospects for
the coming crop remain bright, al
though the drought is making itself felt
as regards the canes, which need some
showers, but as the rainy season makes
it's appearance about the middle or end
of this month, there is no danger of
the said canes suffering to any extent.
AS all owe the island the planting of
sugar canes has increased, we have no
doubt that the mex crop will go be-
yond 100000 tons. Our sugar market
has been influenced by low quotations
from your side and last sales were made
at the rate of 33sc. cost and freight"
m