The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-01-07

WILLETT & GRAY'S CIRCULAR.
Under date of December 10th, the Week.
ly Statistical Sugar Trade Journal OF
New York has the following:
THE WEEK.
Raws unchanged. Refined declined fif-
| teen points. Net cash quotations are
Muscovados, 3.2Sc; Centrifugals, 3.75c
Granulated. 4.46-4.65c. Receipts. So, 65s
tons. MEETINGS. $4,000 tons. Total stock
| in four ports. 13i, POS tons, against 12I, 55C
tons last week, and 69.121 tons last year.
Beet Sugar quotations. f. o. b., Hamburg,
as. Cd. per cwt. for IS per cent analysis.
First marks German Granulated f. o. b.,
Hamburg, IS. Cd, equal 4.37c New York.
duty paid
Estimated afioats to the United States
from Cuba and West Indies, 5000 tons,
Javas, 10000 tons; Hawai-, $1,000 tons;
Europe, 5000 tons; Peru, Demerara, etc,
q, 900 tons; total, 10000 tons, against 10000
tons last year.
Spot Foreign Granulated-The demand
is light and the supply very small. Fine
Austrian, 4.60c asked. For import Dutch
Granulated, prompt shipment lis, c. and
f. Fine Austrian GRADUATED for Deem
Der shipment, 10s., c. and f.
This weeks summary of the statistical
position shows stocks In the United
States and Cuba together of 156,50S tons.
against 155,55O tons last week and 10,5Oo
tons last year. an increase of S6,o0S tons
over last year
STATISTICS BY SPECIAL CABLES.
Cuba.-The six principal ports: Re
ce:pts, 1000 tons; Exports, $500 tons;
Stock, 22,S00 tons, against 1879 tons last
year 10 Centrals grinding, against %
last year.
Europe.-Stocks in Europe, 2.576,000 tons.
against 2,113,64 tons last year Total
stocks of Europe and America, 2,732, sos
tons, against 2,1S41 tons last year at
the same uneven dates and 2367, 156 tons
at the even date of Dec. l. 1900. The ex-
cess of stock is 54S.32i tons against an
excess of 49,. 800 tons last week, and a de-
flciency OF S6,9S3 tons December p, 1900.
RAWS.
The market during the entire week has
been under the influence of depressing
conditions chief of which is the fact
that Mr.. LIGHT, the German expert on
beet sugar crops hds found it necessary.
to confirm his previous expectations of
having to Increase the present beet crop
by 2S0,000 tons, making the unprecedent-
ed crop of $4,000 tons of beet sugars
and giving thereby the possibility of
surplus of sugars in the world at the ter
minat ton of the coming campaign of at
least 100000 tons-a quantity of sugar
which Is entirely beyond any conceivable
requirements for several years to come,
as to annual production, compared with
The result of this increas-
ed production of beet sugar must neces-
sarily be shown a long time in unprece-
dened low prices for sugar throughout
the world, and it will be a wonder if dis
aster does not reach some producing
countries besides Cuba. Already, the
lowest prices on record for beet sugars,
of Is. per cwt., IS quoted in the European
IL, v~ff
of CSC. for 96 per cent Centrifugals. Our
local markets have been void of interest,
both buyers and sellers holding aloof and
waiting developments. Current quotations
are unchanged but without transactions
and with an easier tendency.
REFINED.
Market for refined sugars has felt the
easier conditions sooner than the raw
sugar market, and a decline OF lOc per
100 lbs. on all grades was made by all
reffners excepting the A S. r. Co., who
reduced softs only Al the close Aiessrs.
NrbuckIe Bros. have made q further re-
duction of Sc per 100 lbs, which is also
met by other refiners excepting the A. >.
r. Co. In addition TO the usual rebate or
15c and discounts of per cent and /
ner cent. Messrs. ArbUckla Bros. are now
giving a special rebate OF l per cent sub
ject to cancellation at any time without
notice to apply only to those sugars
which are withdrawn meanwhile. 1t Is
to be noted. however that this democrat
zation of the refined market appears to
be uncalled for, in view of the fact that
no present decline has occurred in raw
sugars and European decline is but
rifle below present quotations here, and
that any action taken by Congress for
free sugars from Cuba is more than like
" TO be delayed beyond the first of
March and even into the summer season.
so that with the guarantees given to
BUYERS by refners there would appear to
be fair reasons for carrying a moderate
amount of stock of all kinds.
COFFEE.
The demand for Coffee, both green and
roasted, has been very light and no
doubt. owing TO the very large supplies
IN this country-double those of any pre-
Sious year in the United States, with the
worlds visible 100000 bags larger than
ever before-the Woolson Spice Co. has
been induced to make a reduction In the
price OF their Lion brand, expressed by
an extra I2c per 10. discount on all orders
given up to January LIST. Compared with
the value of green coffee 1t seems to US
the present net prices of Lion is very low
and will prove q test as to the supplies
IN the country, the more so, as a GOOD
demand Is generally expected in January,
as well as higher price. Messrs- Ar
oh "a