The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1903-03-18
VERY BRIGHT :
SUGAR OUTLOOK
WILLETT e GRAY SAY NO YEAR
EVER OPENED WITH BRIGHTER
PROSPECTS FOR ALL.

Latest Statistical Position: willett &
Gray report March 9th U. S. four ports
in all hands estimated March 4th, 1885,,
ga tons against 103, 509 tons same date
last year. Six ports Cuba estimated
March 3rd 225, 600 tons against 273,5l2
tons corresponding period last year
Total stock in all the principal coun-
tries by cable March 5th, at latest un-
even dates, 3,345,674 tons against g.
614,327 tons; decrease from last year
26S,65S tons.
Willett & Grays Weekly Statistical
Sugar Trade Journal for Morch 5, says:
1t will be a graf relief to have this
treaty business out of the way, for it
has been the cause of many ups and
downs in the raw sugar market for the
past two years and it's elimination will
give a steady trend to prices with al
ways a full supply for retiners use,
which has not been the case frequent
| ly during the past two years. We,
therefore, consider the raw sugar sit
| uation as about to assume a more
stable and permanent position. AL
| though European market reacted
| slightly at the close, yet the advance
made during the week was 1Rd per
| cwt., showing a strong disposition
| over there to maintain prices.
European markets as stated above,
| had a sharp advance early in the week,
as result of F. o. LIGHTS estimate
that Germany would make smaller
| sowings this year than last, but lost
little of this advance with a steady
final closing and prospects of improve
mnt later on. .t
We callsattention to our special re-
ports from Europe, relating to the
difficulties which factories are having
/ to secure full supply of beet roots
| from the farmers his year, without ad-
vancing prices seriously This goes
to show as results may prove, that
contract sugars for the crOpspf 1904,
which can now be bought at 9s Sd. for
| November and 9s 41ad. for December
deliveries, are likely to prove profit
paying investments In fact, the low
point for alEraw sugars, both beet and
cane, was evidently touched in the
campaign of 1902, and for the two or
three following campaigns higher aver
age prices are likely to be experienced
An increased speculation in sugar con-
tracts is already noticeable on Euro
pean Exchanges, which might be par
ticipated in to advantage by American
buyers.
Another important feature of the
present situation relates to Great Bri-
tain and it's sugar supply conditions
During the last quarter of 1902 the i'm
ports into reat-Britain were 100000
tons less than in the same quarter of
1901 and 10000 tons less than the
same quarter of 1900. 1t goes without
saying that larger importations of SUI
gar into Great Britain must be made
before the present campaign closes, Oc-
tober 1st, which will tend to take care
of the surplus supplies of beet growing
countries before the bounty day eX-
pires.
Williams, Dmond & Company in
their letter concerning sugar to +. a.
Schaefer & Company, received by the
Siberia yesterday say under date OF
March IL:
Eastern and Foreign Markets: The
raw sugar market, according to latest
mail advices from New York under
date of the 9th inst, is steady and
firm at the current quotations with
light offerings. The demand for re-
fined is fair. Beets quiet and rather
easier. Transactions in raws have
been on a larger scale, greater activity
being manifest in Cuba, since the ad-
journment of Congress without passing
the Reciprocity bill. An extra session
of the Senate has been called by the
President for the purpose of confirm
ing the Panama and Cuban, Treaty;
reports indicate that while the former
is likely to receive favorable consider
alton, opposition is crystallizing against
the Cuban Treaty, and the Republicans
are apparently lukewarm. The ulti-
mate issue is rendered more doubtful
both on this account and in conse-
quence of less eagerness for favorable
action in Cuba itself.