The Pacific commercial advertiser., 1906-10-15
SUGAR
willett & Gray.

NEW YORK, Sept 27.-Estimated
afloats to the United States from Cuba
and West Indies, 10000 tons; Hawaii,
As, 600 tons; Java, 115,000 tons; Europe,
So 600 tons; Peru etc, 10000 tons To-
tai. 215,0o0 tons. against $4,000 tons
last year.
STATISTICS BY SPECIAL CABLES.
Cuba.-The six principal ports: Re
ceipts none; exports, $500 tons; stock
3S 600 tons, against 172,00o tons last
year; one central grinding against
none last year.
This weeks summary of the statisti-
cal position shows stocks in the Unit
ed States and Cuba together of 249.615
tons. against 264 176 tons last week and
374,476 tons last year, a decrease OF
124.S61 tons from last year.
Europe.-Stock in Europe, 1,098,000
tons. against 734 900 tons last year.
Hamburg reports shipments of 1000
tons raw sugar to the United States
this week.
VISIBLE SUPPLY,
Total stock of Europe and America,
1,347,615 tons, against 1108,476 tons last
year at the same uneven dates. The
increase of stock is 239, ,139 tons against
an increase of ,788 tons last week.
Total stocks and afloats together SHOW
a visible supply of 1,577, ,615 tons, against
1,46S, Ats tons last year, or an increase
of 114,139 tons.
RAWS.
The week under review has been di-
rectly under the influence of the news
from Cuba from day to day. Beet
sugar quotations have fluctuated mod
erately, closing at 9s. 10 IL d., being
I'D. above the lowest point
In our own markets the extreme linn
it of sales have been at 4.09c to 402c.
for 96 degrees test Centrifugals, closing
made, and Improvement in the Euro
pean market. business has been at a
standstill for lack of material. Cuba
has only very few sugars left for sale,
and is not offering them at less than
2 3-4c. C. and f. for 50 degrees test,
equal to 1-Sc. duty paid for SO de-
grees test, at which price buyers are
withdrawn from the market.
OF course, the Cuban situation oc-
cupies all attention to the exclusion of
everything else. The latest develop
ments show a possibility of arrange
ments between the conflicting inter
ests which will bring about peace, for
time at least, but only on conditions
which will undoubtedly require the
presence of the United States forces in
the island to make effective. Under
such arrangements, and provided the
rebels, who are not easily controlled,
can be prevailed upon to lay down
their arms, there would be fair pros
pect for the coming crops, but future
conditions are SO entirely indefinite and
impossible to forecast, among such an
excitable people as the Cubans, that it
is quite impossible to hazard predic-
tions of the size of the coming crop.
Several things are quite evident bear
ing upon this matter.
1t is evident, for instance, that, in
any event. the crcp must be quite
late and that ti-e lumber Of Ia 5orcrs
" ntch can be s22Cred from the army
AMI from Spain will be greatly limited
bc'cW the actual requirements for Sc
curing the crop. Tt is more or less evil
dent that there will be considerable
difficulty in planters obtaining the
necessary advances on their produc-
ton to enable them to pay laborers
and secure their crop to the best ad-
vantage. All these matters go to show
that, in addition to a late crop, the
amount VIII be considerably reduced
from last years. Just how much,
whether great or small, remains TO be
seen as circumstances develop from
week to week. Under these conditions,
and with the latest reports from the
beet sugar crops of Europe, which will
be considerably less than last year, it
is quite evident that raw sugar is on
a comparatively low basis. This is as
much as We can say at this time re-
garding the sugar situation, and it
seems extremely advisable to keep in
close touch with the changing condi-
tions from day to day.