The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1906-03-07
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SUGAR AND COFFEE
WiIlett & Gray's Circular.
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WiIlett g. Gray's Circular.

he week We're 47.Go0 tons being 30Uo
tons less than last week. due to inter
ruption by rainy weather. There are
ia centrals grinding, the same as De-
fore reported.
Mr.. T. O. LIGHT cables US that the
weather in Germany is unfaVoraole Tor
field work, which may have been the
cause of the firmer tone to the EURO
pean markets. quotations for beet
showing an Improvement of 3-4d. to
ia and closing at SIS I'D for
prompt and IS. Sd. for August de-
livery.
7, regard n Furopean beet sowings.
o,1r latest advfces by mail are that the
contracting for roots is by no means
finished and that probably the low
quotations for sugar will cause fab
ricants to hesitate in paying the high
prices which have been granted TO
farmers under recent contracts. Phi
vate reports from Germany now SPEAK
of a possible reduction of 10 per cent.
Eefined.-The demand in the way or
new orders has been only fair, but is
expected to increase soon, as many
contracts are running out
Withdrawals this week against over
due contracts were large, sufficient TO
keep the refiners busy several days
making deliveries, and proved so salts
afctory that the American and Howell
ANNOUNCED that they would extend the
time to March 1 for giving shipping in
structions on the balance OF these con-
trerts. under the usual guarantee
Prices are unchanged and steady,
basis of graduated at 4.4Oc. less l per
cent. cash. except federal, which Is
quoted at 4.35c. less L per cent, with
! the American and Howell shading
softs 10 points to meet Arbuckle ,
, prices on these grades
1t should be remembered that refined
sugars are now being manufactured
from raws costing much more than
present values, so that the actual re-
/ finers' margin is smaller than present
quotations indicate The course of
prices in the distant future is not yet
clear. but the market looks steady and
firm for the present at 1east.
Coffee.-The figures, as they appear
from day to day, show remarkable
condition as compared with eXpecta-
tions Not only are the receipts much
below anticipation, but the deliveries
from the seaports since January 1 are
running much ahead of last year. The
buying from the country is not spon-
taneous or voluntary, but it Is dof1e
to cover actual necessities.
From competent sources in Brazil IL
is reported that the next Santos crop
can only result from the July and or
September coverings, as the fruit from
the other blossomings had fallen and
was lost. Notwithstanding this, the
July and September coverings We're
abundant and the trees presented
very hopeful aspect. The fruit from
the July towering is supposed 10 ma
ture in February, and fine, dry wealth
err is requisite to gather it, seeing that
it has to be swept from under the
trees. it being impossible to make two
harvestings. In view of the constant
and heavy rains throughout the coffee
regions, and still continuing, the re-
suit of the July Towering is running a
great risk of being lost, even if this is
not the case already.
With it all, the coffee trade at large
is ignoring both the very favorable
statistics and the constant rains in
Brazil, hoping that finally an abundant
crop may be realized.
1t is now reported positively that the
delegates from the different States
composing the Valorization Committee
have met in Rio and are now working
out the problem of assisting the plant
ers in raising coffee values to a paying
basis. The first condition insisted up
on by the different States is to secure
assistance from the Federal Govern
ment towards lowering the rate of ex-
change, SO that the task of raising
the Milreis price to fixed basis
should not be too difficult. From indi-
cations of late, it would appear that
the Brazilian Government together
with the different States. is proceed
ing with moderate views more likely
to result successfully in the way of
assistance for the coffee agriculture of
the country, which is so badly in need
of it.
Quotations have been marked down
during the week and today Rio rs are
1-8c. to s 3-16c., Rio As 3-4c. to 8
7-Sc. and Santos As 7-8c., regular
store terms.