The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1902-09-12

the indications are that they will re-
main steady.
Rcnned-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 n concession of to 10 points
on such grades Of softs as We're not
oVersold, from time to time, but all re-
finers have been firm on graduated 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. il required,
and give guarantee to arrival.
The distribution is good from the
many distributing points where retiners
have sugars on consignment. The de-
mand should be good throughout the
next four or six weeks, as there is
bound to be very large actual con-
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 I'm response to our special enquiry,
and these show that in most of the
territory the fruit crops are much larg-
er than 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 ii is unlikely any attempt
will be made at present to float the
proposed loan of 10000 900 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:
Il am opposed to trying to float a
large loan until the Administration can
establish the fact that it can run the
Government economically and end up
its first years experience with sur
plus. ! appreciate the fact that we
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 done it would be folly to go on the
market for a large loan. ! would ad-
wise, for the present, a loan of 81 900 900,
to be distributed among the cane grow
ers of the Island; this would stimulate
industry and put money in circulation
among a class in this country whose
the United States"
Porto Rico Crop-Ponce, i. r., Aug.
18th, 1902. -"According to our calcula-
tons the sugar crop of 1901 1902 will not
( exceed in production $1,000 tons, taken
in all. The steamer san Juan" load
ed here couple OF days ago 5000 bags
of Centrifugal sugar which were sold
and shipped direct to New Orleans. We
understand that the price paid there
fore was ,-l6c c. i. {. We now calcu-
late that after this shipment there viii
come forward in our island from 1900,
to $4,000 tons more, which will com
plete the balance of our crop, and ther
the above mentioned quantity of So, 90,
tons will be reached. The prospects fol
the coming crop remain bright, al
though the drought is making itself fel
as regards the canes, which need some
showers, but as the rainy season make!
its appearance about the middle or enc
of this month, there is no danger o
the said canes suffering to any extent
AS all over the island the planting %
sugar canes has increased, we have NJ
doubt that the next crop will go be
yond 10000 tons. our sugar marke
has been influenced by low quotations
from your side and last sales We're mad
at the rate of $3.50. cost and freight"