The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-04-07

HOB tons last week, and 1S57SS tons
last year. Beet Sugar quotation, f. o. b.,
Hamburg. 6s 3a.d per cwt for IS deg.
analysis, equal to S.57c for sc deg, test
Centrifugals at New York First marks
German GRADUATED (. o. b. Hamburg, Is
esd, equal 416c New York duty paid
Estimated afioatS to the United States
from Cuba and West Indies, $4,000 tons;
Javas, Loco tons. Hawaii, 15,000 tons;
Europe. 5000 tons; Peru. Demerara, &c.
$1,000 tons; total $1,000 TONS against 100, 900
tons last year.
Spot Foreign Granulated-The demand
is light and the supply very small. Fine
Austrian, 4.55c asked. For import Dutch
Granulated. prompt shipment, los, 112d
C. and f. Fine Austrian Granulated for
prompt shipment 9s 11sd, c. and f.
This weeks summary of the statistical
position shows stocks in the United States
and Cuba together of 455 469 TONS against
415O 13 tons last week and 1896 tons last
year, an increase of 90, sol tons over last
year.
Statistics by Special Cables.-Cuba.-
The six principal ports: Receipts, $500
tons; Exports, $500 tons; Stock, $685. 900
TONS against Ia. go tons last year. 164
Centrals grinding, against 40 last year.
Exports for week from outports 1900
tons.
Europe.-Stocks in Europe. 2,994.O00 tons
-,-@
stocks of Europe and America 3.449. 1863
tons against 2.616.569 tons last year at the
same uneven dates and 3595,279 tons at the
even date of Feb /, 1902. The excess of
stock is $50, 500 tons. against excess
of S29, 237 tons last week, and excess
of $50 $50 tons January 1, 1902.
Hamburg.-2,00o tons sugar shipped to
America No engagements. 800 tons re-
fined shipped.
Raws.-The market remained steady
throughout the greater part of the week.
with sales of sugars in port and to
rive on the basis of last weeks quota
ton of 8 1890 for Sc deg. test Centri-
fugals. Receipts continued to be large,
IS We anticipated amounting for the
week to IS, 456 tons. and being S,456 tons
more than required for MEETINGS. The
European markets meanwhile declined to
6s Sd per 1l2 lbs. f. o. b. Hamburg, the
lowest price on record for sugar, being
equal to 3.56c for SO deg test .Centri-
fugals at New York. but closed at 6s
sgd.
A firmer feeling was noted here later
in the week on news of the agreement in
the conference at Washington, to favor
a reduction of 20 per cent in duty on
Cuban sugars. 1t is thought that the
tendency will now be for holders in Cuba
to withdraw their sugars from the mar
ket. all possible, and wait for the benefit
of reduced duty. If the Withholding of
receipts below what is required for melt
ings, the market ought to show some
Improvement in the immediate future.
Already an advance of 1-32c has been es-
tablished in sales at 7-16c for sc deg
test Centrifugals, 2 15-16e for SO test Mus
covados and 11-16c for SO deg. test
Molasses sugars. At the close, it is
rumored that a sale has been made of
Centrifugals at 315c. Confirmation of the
report is lacking, but the indications are
that this price will soon be paid.
Refined.-The market has remained
quiet without change in quotations. Tow
ard the close buyers gave up the idea
of expecting reduction in prices here in
view OF the advance of 10 points at New
Orleans, and of the improvement In raws.
A firmer feeling is now noted, with a
better demand. The strike in Boston has
ended. Nothing will be gained by wait
ing if in need of stock. The demand
could easily increase sufficiently to cause
delays in shipments or an upward move
ment.
Coffee.-Receipts are now close to H.
000, 600 bags. with 100 days left of this
crop to be added to it, so the total can
not fail to be 1900, 600 bags. With such
a quantity for the current crop, the out
turn of the next crop must be more or
less based upon the results of this one.
If 1923 crop in Rio and Santos be 80 per
cent to 40 per cent less than this one, |,
bags. Consuming markets here and in /
Europe carrying such big stocks are nat |
urally biased in favor of the article. A |
day or two smaller receipts encourages
them to believe the long expected per- !
pendicular decrease has begun. However, !
we find. in comparison with former years.
the crop is moving about the same way
and it certainly is stretching mercantile
calculation into hopes. basing ideas on a
few days occasional small receipts, in
-f.arr~ Of h..
'eived. Many cables have been sent from
his side to Europe saying the death of
Mr.. LewiSohn was of no importance. Il
making difference in the business or
policy, and that it would be continued
With undiminished capital. 1t seems to
Is 1t was quite unnecessary to say any Il
hing at all, as no one can state mat
ers positively until the will is opened
nd the course of the executors is known
nd what will be done with the coffee
n hand 1t does not matter much who
5 carrying the surplus here or in Havre.
The large stock in both places are a
landing menace, and the fact that so
many statements have been made regard
1g LewiSohn's holdings, manifested de-
ided weakness on the part of the send
rs. as heretofore. his operations have
cen the basis for smaller bulls following
looks as if the weight of supplies
will continue. and this is usually felt
lore in the Spring, when the demand is
mailer and mild coffees are coming in,
which, as a rule, must be sold at the
market.
There is no denying the fact that over
reduction of coffee is the real cause of
he decline in the market, identically the
anne as over-production of sugar has
rought record low prices. Today's quo
atoms Rio rs are 59sc. Rio 6s, Csc and ]
antos IS about &c, regular New York f
arms medium Santos SIS to SIS continue =
a premium of about sc over Rios)
Futures on the Exchange closed at SO
, SIS for March and $50 to 5.65 for
ugust Last year: March. 5.45 to $50;
ugust, 5.65 to SO. and spot No. z. &c
Visible supply of world, in bags March I