The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1906-09-12

p-ovament in raws. the prices Of re-
fined sugars are still unchanged on
basis o. z-S5c. less I per cent. cash for
granuIaced. except that Federal VIII
accept a few orders for prompt ship
ment only. basis Of Acc. less l per
( cent the price at which deliveries are
icing made under old contracts, and
which does not affect the quotation
The Giszribut on continues to be SAT
fsccory, and Is SO large as 10 prevent
the reffrers from catching up with
their orders. the shipments being de-
layed seven TO ten days IN SOME in
stances. Buyers have so much sugar
coming 70 Them under contracts in
! force that new business IS only fair.
j reports received by Us on the fruit
! crops of the far west are as favorable
as those Of the east, and it therefore
follows that there must be exceedingly
heavy requirements OF sugar for can
ming purposes. this and next month
Buyers should anticipate their wants
accordingly.
! We recommend the enga cement of
full supplies ahead under the usual 80
dav contracts, the indications pointing
Il a higher range Of prices for some
time TO come.
Cofee.-The yalorization pros and
cons have had some influence in the
, market changes the past week. While
the practical success Of this new pro-
lection policy remains to be demon
strated, II must be said that until the
scheme has been applied or full
knowledge of its methods revealed,
fair criticism is not possible One thing
Is very certain, that those who are in
haste TO condemn the new measure
have not taken the pains 10 get at the
true facts No one can doubt the right
Of Brazil 10 attempt TO conserve her
chief Industry at 4 time when the world
must buy the product The govern
n.ent is actively engaged with the de-
tails of the new law and loan Private
advices predict the success of same. but
meanwhile operators profess to be dis
appointed because inside information is
rot Immediately available to satisfy
calculations as 10 the course Of the
markets 1t is only about two weeks
ago the President of Brazil signed the
bill authorizing the loan, and in the
most modern countries longer time
tian this would be needed TO complete
il The general lack OF knowledge of
modern Brazil is perhaps responsible
for great deal Of the skepticism as 10
her capabilities and possibilities. The
sound condition of the country, fnan- |
cially and the high foreign credit of
her states, individually. are well at
tested. Now that the coffee crop is !
moving in earnest. Europe and the |
States stand in the markets as free |
buyers not from choice, but from sheer
necessity Europe has no coffee IN the |
interior, and in the seaports the small,
est stocks known for years. Europe
has abstaiued from buying 4 very long |
time. hoping a full Santos crop would
mean lower prices, but Brazil held firm !
and seems determined TO strive for a |
living price when buyers must have
the goods and actual consumers daily /
pay the old scale. year in and year
out as when coffee was double the /
price OF today. Europe must continue /
to buy freely IN Brazil. and so must
his country. The monthly deliveries
average ! 100. 900 bags for the two coun-
tries. the greater portion of which /
must be drawn from Brazil for months
10 cone. before any irnportations can
be set by TO replenish reserves.
With early activity OF valorization
plans and the outlook for the next
growing crop already very unsatisfac-
tory. Brazil can control the markets
Any further unfavorable developments
as TO the next crop would result in a Il
great rush 10 secure coffee. H
For several weeks the weather has
been ane and dry. the trees being Re
ported in z weak condition, without
foliage. II is quite significant at this
period. when there should be. under
ordinary circumstances. some signs Of
vigor prior TO the blessoEling periods
We repeat that too much attention can
not be given 10 this point OF itself.
as exhausted trees can not furnish a
crop.
There has been quite an important
cost and freight business done in Bra
I'll at good prices The demand for
cofTees on spot here has stil further
reduced the New York stocks, which
are now nearly 1,2oo. go bags less than
January I.
No ! Rio coffee is quoted noninalIy
at 3 3-4c No. Santos about 9 1-2c.,
but quotations do not give a true idea
Of the price paid for selections The
usual commercial grades are entirely
absent
August options. week ending August
%: Highest, 6-95 TO 100: lowest. 6-s5 TO
:. 20: closing SIS 10 60. against last
year closing rs to 80. No. I last
year 7-2c.
visible supply Of world. in bags
August 1, 1865. 994S.053; July I, 1876.
J. sS6. 563; August l, 1895. Il 465. Sal
Stock Z. 5. all kinds, in bags-Au-
gust I, 1906. BABES July / 1906. 81
So. SIS: August / 1865. z,94e.757
stock Brazils IN New York, August
=. 27z6 594 bags Total BraziIs in the
United States 2.S78.961 bags Total IN
l. s. other kinds, August %, p, 3Ss. $50
savs Deliveries Of Brazlls for the
week ending August IL 71433 bags,
gafnst 1882 bags last year Receipts
# F3razils for week ending august %.
s9,27o bags.