The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1906-09-21
SUGAR
WlLLETT & GRAY.
= =

gE 80 &j - 80 8 - F. - 9 = es9g ssss -;
: States is an impossibility during the
administration of President Roosevelt
who is committed TO a square dear
for Cuba, as elsewhere.
If the Cubans are not getting a
square DEAL and if the Palma gov
eminent are not inclined to give it to
thenf, then the utmost that the United
States can do vii be to help the Cubans
to a square deal in their indepen-
dent state. and not through annexa-
ton. The Palma government, no doubt,
understands the situation perfectly.
and is abundantIy able TO deal with it
satisfactorily without assistance from
the United States, and so we look for
an adjustment of the present troubles
without any great interference with
the brilliant prospects for the next
Cuba sugar crop
Locally the statistical position gain
! ed strength for the week
The receipts were less than require
ments and stock decreased 10000 tons.
! Prices remain unchanged from last
| week The holidays came in the week,
following which no special activity de-
! veloped.
| Cuba sugars are sparsely offered at
| 9 5-Sc c. and f. for 50 deg. test basis,
equal to 402c. duty paid for SO deg. test.
| Javas are offered at los. Cd. C. and f.,
a price above present market values.
! Beet sugars may be had as wanted
at 9s. 10 lid. C. and f., equal to 4c. for
| centrifugals, 90 deg. test.
| Refiners generally have good stock
on hand so that no element of actual
| scarcity of supplies enters into the con-
ditions and can hardly do SO until
L i i. Iln--
| ceniber relating to new crops come in
| to the consideration.
| Preliminary estimate of the European
beet crops are beginning to be made,
but will not prove of especial value I'M
til few weeks later. AS far as now APP
| pears the statistical position of sugar
taken altogether is favorable to steady
| firm markets at home and abroad with
| a further gradual improvement in
values.
Our Java cable reports shipments to
Europe and the United States of 61,-
| 900 tons by steam and 5000 tons by sail,
practically all of which has United
States options. The East took ia, 600
tons, making the total shipments for
the month of August 178,000 tons,
against 205,000 tons last year, and for
the campaign thus far 100000 tons,
against 53S,0S0 tons last year. The
af1oats to the United States from Java
are now 10000 tons, against 100000
tons last year.
Refned.-There has been no change
in price or conditions during the week
under review.
The holidays increased the demand
for Withdrawals, and all ref1ners report
satisfactory trade The refiners that
are not constantly oversold are few in
number and accept orders for prompt
others refiners
This is a concession more theoretical
than real, inasnfuch as contract buy
ers are getting their Withdrawals I'M
der previous purchases at even less
than the concessions made.
The policy of the leading refiners has
been throughout the campaign to book
orders largely in advance of wants of
buyers, and then establish d higher
quotation for the satisfaction and
guarantee of the buyers, making the
trade in refined safe and profitable.
We outlined this at the beginning of
the campaign (see statistical May 81,
1906), and there will be no change in
this direction for the remainder of the
campaign so that purchases can be
made with confidence.
During this month the principal cam
paign in refined domestic beet sugars
begins. California, which is ahead of
other states in maturing its crop has
already marketed quite largely. the
American Beet sugar Co. having sold
already half million dollars worth of
its largely increased production this
season.
States this side of the Rockies will
now come into the market under most
favorable conditions and prospects for
disposing of their production, viz:
largely increased outturn and highly
satisfactory prices. The beet sugar in
dustry of the United States must re-
ceive a new stimulus from this years
results.
Coffee-Valorization has been the tam
talizing word in the coffee markets. It
is considered to be the correct thing to
treat it with calumny, ignoring the sin
certify of the Brazilian Government,
which has been an example in Latin
countries in the performance of it's
obligations. Although Valorization
may be regarded as doubtful by those
who are ignorant of the capabilities of
Brazil, we are content to accept the
assurances of sincerity ana determine /
ton of the Brazilian Government to
enact and maintain protection of its
principal industry from outside de-
preston, and refer our readers to all
our reports on the subject. Profession
al misuse of the requisite delay to COM
plete the working details may be kept
up and liquidation and uncovering of
stop orders encouraged by such means
we advocate caution in this respect for
the foregoing reasons and because the
actual merits of the coffee DoSitiop If
self are strongly in favor of much high
er prices.
A passing word is justified anent the
lower prices in Brazil. heavy specu-
lation out there followed the signing
of the Valorization Bill. These specu-
lators could not take care of the mer-
chandise and were simply obliged to
liquidate when settlement dates arriv-
ed. The SPECTATORS not the planters.