The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1902-04-08

H.HIHaf Hf fHIH IH.f ..H' iN'HI
afHrta m Fuufr hHI hmsfra aH. 81
tors ara.ust aHtia tone laf scar "a i.c
fHmf uHfttn faffa n.i at1 tUnH ni ihU
tt.n d.tr nf Tan D. Isl Tb. ,krDHs uf
ainfh s Nip TOMS against an 'Susa
rf tnlH tons inrt vtfh aud an ssrUFa
ff rNel tons Januarf A. 1st
Hamburg 90 toms sugar shipped fn
America SO sufHrr mtnts aU tons o..
lined shipped
Raws The market remained steady
throughout the uuUHfsr part ~ the week.
with sales of sugars in p0rt and Go mr.
rive on the basis uf lnst weeks quote
finn 81 1889 for 9G deg test Contr-
fIrala. Receipts continued 90 BE- large.
ns We anticipated, amounting fOr the
week to $40 tons. and being Ni56 tons
more than required FOR MEETINGS. The
European markets meanwhile declined 60
Cs 81 per li2 lbs. Z %. b. Hamburg. the
lowest price ON record for sugar, being
equal TO 3 5Gc FOR ss deg. test Ccntri-
fugals ct New York but closed at Gs
3ad.
nrmor feeling was noted here later
in she week on news Of the agreement In
the conference at Washington, To favor
a reduction Of 20 per cent In duty on
Cuban sugars IL IL thought that the
tendency will now be for holders in Cuba
to withdraw their sugars from the mar
kot all possible, and wait for the benefit
Of reduced duty. If the Withholding Of
such supplies will cause falling of in
receipts below what is required for melt
inEs the market ought To show some
Improvement in the immediate future.
Already an advance of i-32c has been es-
tablishcd In sales at 7-l6c for 96 deg
test Centrifugals, 2 l5-lGc for 50 test Mus
covados and . 1l-l6c for SO deg. test
Molasses sugars. At the close, II is
rumored that n sale has been made Of
Centrifugals at 3i4c. Confirmation OF the
report is lacking, but the indications are
that this price will soon be paid.
Rehned.-The market has remained
quiet without change in quotations. Tow
ard the close buyers gave up the idea
of expecting a reduction in prices here In
view of the advance of 10 points at New
Orleans, and of the improvement I'm raws.
a hrmer feeling is now noted. with
better demand. The strike in Boston has
ended. Nothing will be gained by wait
ing II in need OF stock. The demand
could easily increase sufficiently to cause
delays in shipments or an upward move
ment.
Coffee.-Recelpts are now close to 49,
900 bags. with 100 days left of this
crop to Toe added TO 1t, so the total can
not fail to be 100000 bags with such
a quantity for the current crop, the out
turn of the next crop must be more or
less based upon the results OF this one.
II 1923 crop in Rio and Santos be 30 per
cent to 40 per cent less than this one.
IL will probably be just about 100000
bags. Consuming markets here and in
Europe carrying such big stocks are nat
urally biased in favor OF the article. a
day or two smaller receipts encourages
them to believe the long expected per-
pendicular decrease has begun. However,
we find, in comparison with former years,
the crop Is moving about the same way
and IT certainly is stretching a mercantile
calculation into hopes. basing ideas on a
few days occasional small receipts, in
view of the enormous total already re-
ceived. Many cables have been sent from
this side to Europe saying the death of
MIR. Lcwisohn was of no importance,
making no difference in the business or
, policy. and that it would be continued
with undiminshed capital. 1t seems to
us 1t was quite unnecessary to say any
thing al all. AS no one can state mat
tiers positively until the will is opened
and the course Of the executors is known
and what will be done with the coffee
in hand. 1t does not matter much who
is carrying the surplus here or in Havre.
, The large stock in both places are a
, standing menace and the fact that so
many statements have been made regard
ing Lewisohn's holdings, manifested de-
ers, as heretofore, his operations have
been the basis for smaller bulls following.
1t looks as If the weight OF supplies
will continue and this is usually felt
more in the Spring, when the demand is
smaller and mild coffees are coming in,
which, as a rule, must be sold at the
. market.
There is no denying the fact that over
production of coffee is the real cause of
the decline in the market, identically the
same as over-produCtion of sugar has
brought record low prices. TodRy's quo
tations Rio rs are 5Ssc. Rio G's csc and
Santos SIS about &c, regular New York
terms medium Santos SIS to SIS continue
at n premium of about &C over Rios.
Futures on the Exchange closed at $40
to 5.15 for March and 500 to SOS FOR
August. Last year: March. 545 to $50;
August, 5G5 to $40 and spot No, Z, &c.
Visible supply OF world. in bags. March
list, 1902, 1l,079 6l3 Feb LIST, 1901, 1854, 093;
March LIST, 1901, 7,276,66S.
Stock L. s, all kinds in bags, March
list, 1902, 2,1SS974; Feb. LIST, 1901, 2,lSi,29
March list. 1901, 953O3l.
Stock Brazils in New York, Mar. 10.
, a,S299O2 bags. Total Brazils in the United
States l,S376OO bags. Total in L.. :.
other kinds March II. 292. S66 bags. DeliV-
cries for the week ending March 10, a.
$50 bags, against 400 bags last year
) Receipts of BraZils for week ending
} March 10. 1l2Sl2 bags.
American Sugar Refining Co.'S State
ment-B oston.-The American Sugar Pc
filming Co. as foreign corporation doing
business in the State makes the follow
. ing statement to the Secretary OF the
Commonwealth Of Massachusetts of its
conditions at the close of business De-
Cember 3lst, 1901. We compare with ire
Vious statements as follows:
Assets: 1901 1900.
tNtal estate '''s.''..s .Sot'o->tuhA gov o'l'--l
Cash and debts receiv.. 81, s62, 70l l5,737, So
Sugar raw, refined, etc l2,2iS,6iO %, 4SS, ~.
Invest. in other CO.'S. 39,lll,SS2 S5,04 III
, Tital .,...,,..,. .Sl22 sol, SIS SllO, III 81