The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1906-09-21
WILLETT a GRAY.

guarantee OF the buyers. making the
trade In refined safe and profitable.
We outlined this at the beginning OF
the campaign tsee statistical May 81.
1860, and there will be no change In
this direction for the remainder OF the
campaign 80 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 u 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. 1t
is considered to. be the correct thing to
treat 1t with calumny. ignoring the sim
cerity of the Brazilian Government,
which has been an example in Latin
countries in the performance of its
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 and determine
tion 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 position IT.
self are strongly in favor of much high
er prices.
passing word Is justified anent the
lower prices in Brazil. A heavy specu-
7 lation out there followed the signing
of the Valorization Bill. These specu.
: lators could not take care of the mer.
r chandise and were simply obliged tc
3 liquidate when settlement dates arriv.
ed. The speculators, not the planters
lost the difference. The lower frn
: offers are attributed to this. The actual
: markets especially in Santos. have rul.
t ed on a much higher basis than spec
, ulative firm offers.
t Every coffee man knows of the
urgent necessity for supplies in con-
, Stunning markets. The amount of coffee
that came into sight in August wal
about 2 100000 bags. In Europe and the
, States the August deliveries were 1.465,-
otn
are 100000 bags less than last month
and the afloats from Brazil on Septem-
Der list only equal to a months port
deliveries. The New York stocks OF
; Brazil coffees continue about 1,25o,00
bags less than January LIST. and the
commercial gradings are missing.
: A feature of the greatest Importance
is the outlook for the growing crop, the
significance of which has been repeat.
ed in these columns for weeks past
, The Towering season Is at hand. but nc
towering apparent. Most reliable and
. conservative advices report the trees ir
{, very exhausted condition. Continued
drought would Introduce the question
of crop failure because of this condi-
ton of the trees, while IL favorable
: weather should come at this juncture II
looks like only a small crop at best
We cannot impress this too strongly
upon our friends.
= With the market improvement of to-
day it is difficult to give quotations. IT
fact this has been the case for several
. days. When transactions are recon-
menced, values will be more positive.
/ September options, week ending Sept
r 6: Highest 6.25 to $50; lowest, sos tc
S 500; closing, SIS to $50 against last
1 year closing 700 to 7.05. No. last year
t 3-4c.
Visible supply of world. in bags
= Sept. /, 1906, 1O75s,653; Aug. 1, 1906
9,94S. O53; Sept. 1. 1905, 12,102,496.
i Stock U. S.. all kinds, in bags-Sept
J. /, 1906. 3,19O,701 Aug. l, 1906. 3,4i3,5s4
t Sept l, 1905, 3SS3.167.
. Stock Brazils in New York. Sept. 8
, 1885,, 296 bags. Total Brazls in tn,
United States, 2771,77S bags. Total IT
: u. s.. other kinds, Sept. 1. 3S1, 10S bags
Deliveries of Brazils for the week end
> ing Sept. /, 1896 bags, against 1920
: bags last year. Receipts of Brazils fol-
. week ending Sept 5. 1854 bags.
!, Java Exports.-Sugar.-Ou specia
= cablegram, Sept 5, 1906, from Bata
via reports as follows:
/, Exports during August
:, To America and Europe by steamers
1906, 81, 900 tons; to America and Eu
!, rope by sailers, 1906, 5000 tons; to else
: where by sailers and steamers, 1906
$4,000 tons. Total. $4,000 tons.
To America and Europe by steamers
1905, 12S,29l tons; to America and Eu
rope by sailers, 1905, 3432 tons 20 else
. where by sailers and steamers, 1905
72,32s tons. Total. 204.05l tons.
To America and Europe by steamers
:. 1904, l,2S2 tons; to America anc
s, Europe by sailers, 1904. none; to else
u where by sailers and steamers, 1904
52, 900 tons. Total, 203,342 tons.
Included in exports to elsewhere are
5000 tons destined San Francisco,
:, Afoats with u. S. options, 100000
!, tons, against 100000 tons this time last
q year.
y Total exports, May /, 1906, to Aug
T 81, 1906, 100000 tons; against 53S,Osl
;, tons in 1905 and 479.s2o tons in 1904
European Beet Crop.-Mr. +. o. Licht
J. cables us specially from Magdeburg
Aug. 81, 1906: "Weather favorable fol-
a the growing crop"
" September 4, 1906: "Weather very
favorable for the growing crop"