The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1904-12-10

WHY Sugar is Bringing Fair Prices.
Four weeks ago one OF the pest
known sugar planters Of Louisiana,
who is extensively engaged in both
the agricultural and manufacturing
branches of the industry, received
from firm Of wholesale brokers and
commission merchants doing business
| in an Alabama city letter to the fol-
| lowing effect:
Some Of our merchants have made
inquiries of us that we are not in a
nosition to answer. They desire to
know your opinion of the present N ar
ket. also your opinion Of what the
market may likely be after the first OF
the year. Wehave been in the broker
age business for the past fifteen or six
teen years, and have never experienced
the present existing conditions Of the
MAI ket. We do not understand why
granulated and yellow clarified should
advance in the face of the receipts OF
large new crop of sugar. It has been
our experience durins the last several
years that during the arrival Of the
receipts of the new crop the market
has been much lower. Please write US
fully your opinion, and such a letter
as we may place before the buyers,
and it may be possible to influence
them to accept the situation and place
orders. Your very prompt attention
to this matter will be highly APP
preciated.
In the meantime be kind enough to
forward us samples of any sugars you
may have to offer, naming your lowest
delivered price in carload lots, for
prompt shipment.
The reply of the Louisiana planter
was about as complete, terse ADD clear
an explain alton of the sugar situation
and the causes opera ting to bring il
about as could possibly be presented
in equal space, and we are glad to be
favored with the privilege of repro
ducing the body OF the letter for the
information and edifcation of our
readers, nearly ali OF whom are eitner
directly or Indirectly interested in
the subject Of which it treats:
There are several reasons for the ad.
vance of sugar, and as the writer keeps
fully posted, he will lay them before
you.
First reason: European crops are
l 100000 tons short, owing to IN
precedented drouth in Europe.
Second reason: Consumption OF
sugar has increased at least ten per
cent.
Third reason: Money is easy, and
while sugar planters are y farmers
they have learned to be wise and not
sacrifice their crops when they can
hold and make the advance them
selves.
Fourth reason: The Louisiana crop
is yielding poorly, owing to climatic
reasons. Tonnage of cane is large,
and owing to greenness Of cane, yield
of sugar is very light.
Fifth reason: Merchants have be-
come so accustomed to holding off and
waiting for planters to sacrifice their
sugar, that the majority Of the large
planters of Louisiana have done as we
do, and that is, make raw sugar, for
which we get as much from the "trust'
as your merchants are willing to pay
for choice yellow clarified sugar.
Sixth reason: Cuba's crop is small
and will be held and not sacrificed.
The above inform alton is furnished
you for what it is worth. We have
no interest in the matter, as we have
made less than 1000 barreisof yellow
clarified sugar, and expect to make
20, 900 barrels for the trust
Your merch ants will pay much
higher prices for sugar later on, as
Spectators in New Orleans are buy
inc un all good sugar that is offered.