Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1902-08-27

our two principal buyers Of sugar, for.
merry used to show particularly
active demand during the summer. the
principal season of sugar consumption
Through the tariff changes In England
in March last year and the renewed
negotiations last spring. enormously
large speculative stocks have been ac-
Cumulated in England, through which
this particular country has been sup
piled for months TO come. and is en-
ablcd to keep its visible supplies today
at -four times (2OO.0O0 tonsD It's height
during n normal year.
Matters in the United States ara
equally unfavorablc for us. There it In
not the home. but the Cuba statistics,
and the tariff speculation Of the Amer.
leans combined with the latter. which
causes the abstention OF the American
buyers on our market.
Following are the figures OF supplies
on July /:
1902. 1901 1900.
Tons. Tons. Tons.
United States 10000 100000 l5l 900
Afloat to L. S. . II 900 5000 81 900
Cuba, six ports $4,000 1872 900 $1,000
The American refners who are said
10 have bought a goodly portion of
these about 100000 tons. are striving
20 import the same into the United
States nj a reduced rate of tariff. pro-
vidcd In the treaty Of reciprocity now
under negotiation.
TO further this aim the Americans
are working with all their means for
q continued reduction of the worlds
price for sugar believing that the lower
prices are, the better will be the chan.
ces for the passage of the reciprocity
law with Cuba. The Americans there.
tore. take good care not to disturb
the pressure here by unnecessary in
quirics and purchasers, and confine
their purchases TO what is absolutely
necessary.
II Is evident therefore, that the Ger.
man lubricants are playing right into
the hands Of their principal antagonists
the American refncrs. by their silly
offerings.
Colonial Competition.
Directing our attention to the cane
sugar crops, we will first say that IL
has become an established rule to as
sumo that with the adoption of tech.
meal progress Il steady increase In the
cane sugar crops is 10 be counted upon.
But this Is true conditionally only.
Where the colonies are ahead of us il
that In spite Of only very scant en-.
ployment of Industrial intelligence.
their crops grow much more luxuriant-
ly than Is the case with us. where
every inch OF soil must. so to speak.
be drenched with the sweat of the Ia
Dorer.
ms careless competition could be
when international prices
were 10, and perhaps also still at SIN.
but II cannot he maintained at me. n
level OF prices which is bound TO lead
10 the ruin of the colonial industry |
even sooned than TO that of the beet |
root Industry. An expansion of the !
'donial industry therefore is uuite out /
If the question, and as a matter of fact
'eports have come from the princlpal
an-producing countries, Java and Gu
"a pointing to a reduction in paintings,
me only exceptions possibly, are the
plantations in Louisiana and the beet
DOT industry of the United States. /,
therefore,, we put the decrease in tho
oFmer against the increase in the lat
er and assume an equally large yield
or the next cane sugar campaign. wa
re OF the opinion that that will be an
nti' ely fair and JUS estimate.