The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-02-28
WHOLESALE MARKET

Texas and while 1t will be several weeks
before they arrive IN sufficient quantities
for general consumption they Will hence.
forth he figure In the trade.
In their weekly review OF the sugar mar.
ket Messrs. Czarnlkow, MacDougall & Co.
say that latest reports from Europe lndl.
cate that while the outcome Of the confer.
ence is sim uncertain the prospects are i'm.
proving for an agreement under which the
European State bounties will be abolished
and the I&artell bountics rendered mpos
sihlc hy tho reduction OF the German nnl
Austrian Import duties. 1t ~ also stated
that september ] of the pgescnt year may
he fixed tor the abolition OF the bount rs ,
that date, Instead OF September /. 1908
being urged by the British aud French
delegates.
Should the earlier date I've agreed upon
there Should be a very large reduction ~
Feet sowing this spring, and indeed indn-
l'cndcnt of such legislation the low prices
prevailing may bring about a considerable
decrease. II is rumored that Holland may
reduce its sowing by 80 por cent. Belgium
by 20 pcr cent to % per cent, France by ~
per cent 10 20 per cent. Germany aud Aus
tria by 10 per cent To 20 per cent These re-
auctions Il made, would be equal to de.
crease 10 European sugar production Of at
least 10000 tons. il will he the month n
May before the extent of the sowingS can
he positively Known, and meantime or at
least untll # Is actually decided that bouu.
, ties viii be abolished this wear 1t Is we'll 70
accept all rumors or important reductions
with reserve.
The extent Of those antcpatory beet pur-
chGScs and Of others nay he Judged from
the fact that the United Kingdom stock as
cablcd4 this week, is 5000 tons, against
I3,COO tons AT Same time IN 1901 and 5000
tons In 1900. That the British import du-
ties VIII he Increased Is hy no means cor
tain, and 1t is possible that The ACTION of
| the government In this respect may be In
| Guenced by the result OF the Brussels con
ference. BE this as IL may, 1t Is clear th Il
/ after the budget announcement in Apr
! the United Kingdom Will be out Of 4
| market for sugar until 1t has worked on
I It's excess supplies, and 4 period OF stag
| nation may lie eXpected In that market
| sim lar to what was experienced in II under
! similar circumstances last year.
Java suCprs of new crop for June,July
/ shipment have generally attracted the at
! tontion of our buyers in the early mon h,
! of the year, but as the Cuban crop has In
/ creased the attraction Of diStaut Java ha,
/ diminished and our rciincrs sec no reasoa
| nowadays TO buy sugars In January or Feb
| ruaIy that can not he here before August
and this applies more particularly TO th
| present time when the future of the ma
! ket Is surrounded by so many uncertain
! ties. On the other hand, Java planters am
| shippers are showing no anxiety to market
/ the coming crop, and they apparently rely
| upon a higher range of prices being re~rhct
| ere long either through reduced sowings o.
| through n natural reaction from a leve
! which Is below the cost OF production o.
! old crop JaYas there are 5000 to 10000 tons
to be shipped and four sailers and on,
steamer float whose cargOes will aggregate
about 10000 tons.