The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1902-01-10

WV 'iNN Ntdis bJc.o-f ttIlS.
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-
vious year in the United States, with the
worlds visible 3.000.O00 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 iac per H. discount on all orders
given up to January LIST. Compared with
the value of green coffee. II seems to us
the present net prices OF Lion is very low
and VIII prove a test as to the supplies
In the country, the more So n good
demand is generally expected in January.
rs well as higher price. Messrs. Ar
buckle Bros. have made no change in the
price of their "Ariosa" brand. Receipts
continue liberal in Santos, but smaller
in Rio, the latter owing to heavy rains
which are retarding the movement.
Messrs. Norton, Megaw 4 Co, Rio, give
it as their opinion that with the REM
nants of the current crop, the receipts
next season will be equal to those of any
year. excepting 1898 and l90O-1g0l, which
were lO,5O0,OOo bags and II 100000 bags re-
spectively As there have been plentiful
rains since November 10th the crop pros
poets have probably improved. and the
slicIiSt VI illHs CABLING
freely with great promptitude about
damage by drought, seem to confirm this.
Dealers here have been buying of late,
hoping there will be smaller receipts In
January and better demand The lat
ter will be the leading feature and will
have more to do with values In the early
part of next year than anything else. No.
Rio is nominally csc and Santos No. I
about size. For medium Santos grades,
ON X fnn f,r pau
have been paid for shipment from Brazil;
in fact the difference between spot val
ues and Coffee to be shipped has been
from "a to Is cents per pound, and Coffee
to be shipped has been an easier sale at
the higher prices than spot Coffees Mt the
lower figures.
Futures on the Exchange closed at $50
to GEO for December and go to G.75 for
March. Last year: December, $50 to
5.55: March, $40 to SIS. and spot No. 7.
&c.
1901.
1901. Dee. l. Nov l.
Visible supply of
world, in bags 10, 735.7l9 l0,576,s65
Stock Y. s. all
kinds In bags go. 1,SS27S 1885
Dec. |, 1900.
Visible supply of world. in bags ,7.S4142
Stock L. s., all kinds. in bags go. 995,sG7
Stock Brazlls in New York. Dec. IL.
1,6H,3l3 bags. Total Brazils in the United
States, ,56S bags. Total in U. S. other
kinds December 16, 267,1S9 bags. Deliv
cries for the week ending Dec IA. 12S.35l
bags, against l5O,24s bags last year. Re-
ceipts of BraZils for week ending Dec. ~,
137, 1888 bags.
CONTEMPLATING DUTY-HOLLAND
| The bounty on sugar paid by Holland
Is gradually decreasing, therefore the
Secretary of the Treasury announces
that the countervailing duty on Dutch
sugars will be reduced after January LIST.
1902. Particulars of the change will be
published by us as soon as received.
THE BOUNTY CONFERENCE.
The International Sugar Conference OPP
ened at Brussels on the 10th inst as ex-
pected Press reports state that the in
dications are the delegates from all the
countries of Europe except Russia, favor
the total abolition of sugar bounties, al
though the intention Is to keep secret
the proceedings of the conference. The
question of countervailing duties against
hounties, as imposed by the United
States, and the workings of the German
kartel We're discussed. 1t was proposed
to allow sugar countries not possessing
price sustaining organizati ton to pay
bounty of two francs per 100 kilos to on
set the effect of the kartel system. The
delegates are doubtful of the efficiency or
any action which they may take, as the
United States and Russia will not be
bound thereby, and the result may be to
call fresh conference to include coun-
tries not now represented.
The delegates appear confident OF
reaching a satisfactory arrangement IL
France abollshes her export bounties
and agrees 10 a gradual reduction of do
nestle bounties. In commercial circles
in Brussels the opinion is expressed that
no decisive action will be taken by this
conference. The conference will adjourn
on December 2st and reassemble about
January eth.