The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1902-03-27
THE SUGAR SITUATION
WILLIAMS. DtMOND & CONPANY's S
REVIEW.
More Cuban Sugar Coming Into The
Market-Increase i'm Worlds Produc-
tion-Factors Affecting Prices.


Williams. Dimond & COMPANY. un-
der date of San Francisco March 20
rive New York price for g6 degree CEN
trifugaIs as 3.4375 cents on March 19:
San Francisco price 3.O625 cents
OF general conditions affecting the
market they saw:
WiIett q Grey reports March 18th
U. S. four ports i'm ali hands estimated
March 18th 111O12 tons against lS3O31
tons same date last wear Six urincipal
ports of cuba estimated March llth
3O4 600 tons against l53O3g tons cores
Donding period last wear. Total stock
in ali principal countries by cable
March 13th. at latest uneven dates
3.5S1.O13 tons against .. 751 ,776 tons: in
crease over last Years S2g. .237 tons Sill
gar crops of the world estimated March
l9th. grand total cane and beet sugar
O.779. $50 tons against 9,65S. .449 tons cor
responding period last year: estimated
increase in the worlds production 1,141,-
1S1 TONS
The raw sugar market throughout the
period now under consideration has
ruled steady and firm According 60
latest mail advices from New York un-
der date of 18th inst, a quiet tone is in
evidence and there are at present ap-
parentlv, no indications of any marked
change in prices or conditions for the
Immediate future.
Cuba continues the policy of with
holding her sugars from the market,
stocks there aggregating 3O4. 900 tons
NavarthaIess ebinuents are on the in
crease. particularly from the Southern
districts yybre storage facilities are lin
itaH and racaints at Atlantic Dorts are
auanented I'm consequences The pro-
blerli Of Legislative relief to Cuba on the
mart of the Congress- of the United
States is sin anna rentlv q long way
from final settlement. 1t was not until
the 18th inst that by a vote of 50 ayes
to n noes ii was resolved in the Con-
ference of Republican members of the
House of Representatives, to adopt the
proDositfon of the WAYS and Means
Committee submitted to the House 22nd
uItfmo The resolution of the Ways
and Means Committee i'm substance au-
tborizes the President to negotiate
recfnrocitv treaty with the Cuban Re
nvbiic nroviding for n concession of 20
ner cent of our tariff duties upon i'm
norts of tha prOducts of Cuba, a like
favor TO be secured for our products go
inc into Cuba the condition being how
eyer that C'uba shall first enact our i'm
migration laws. Repeated conferences
have been held before the final result
indicated above was reached and the
etr,loorIe betveen the beet sugar forces
ana +ba interests favorable TO LegiSla-
five action i'm behalf of cuba has been
So pronounced that it seems likely ac-
cording to late reports. that the contest
may be transferred to the floor of the
Housa An amendment proposed by
Mr. SibIev limiting the duration of the
reduced tariff rates provided for in the
resolution of the Ways and Means Com
mfttee. until December LIST, 1908, was
passed and is thereby made a part of
the Payne resolution.
European Markets show a declining
tendency ana values are apparently
Welding to the weight of supplies. Beet
sugars are considerably above the
paritv of our market and conditions
seem TO nrecIude the possibility of our
refners entering the market for beet
sugars and thereby affordtng relief to
tbe situation there. Stocks in the
United Kingdom have reached large
proportions i'm anticipation of a duty be-
ing assessed bv the Government as a
relief measure for the British West In