The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1906-03-09

II ItHr N''N N"N ODD. |'NM NN''IN y. ~" " '
l.f.. 90 q i.ifU O. ASST g. ior cuhHu
rentnfuFnis Thus far however
nofHi.t hrhrr thAn o. e. and O. clu.l
Co Co.. landed. basis qs dsg test. BIAS
boon paid Recently for cuban surRfs
or thr Same parity fot other sugars.
Tho American and Howell whose
wants for the immediate future are
well covered. having Withdrawn fiom
the market. the capacity 81 buyers
who are open Tor negotiations is
limited aud not sufficient to readily
absorb an the sugars for sale.
Values here are ON very low level
now being S3c. below the parity of
European quotations for beet sugars.
but, under present conditions. II Is
difficult TO establish an Improvement.
British West India planters are not
dependent upon the American mar
ket, as their sugars are admitted into
Canada at preferential rate OF one
third che regular duties. but the
producers IN san Domingo are not
granted this privilege and they are
now shipping good part of their
produce to the United Kingdom. where
they obtain prices fully Lice. above
the values ruling here.
The arrivals at the United States
Four Ports for the week were again
large amounting to 55,707 tons, against
requirements for MEETINGS OF $500
tons increasing the total stocks To
lS7,147 tons. against stock of SASS
tons at this time last year.
The importation OF foreign sugar at
New orleans has begun for the season,
the first shipment of 5000 bags Cubas
having just arrived.
Cuba reports by mail heavy showers
in u few localities, satisfactory tom
mage Of cane. but a rather disappoint-
ing quality of juice. Our special ca
Bile from cuba today reports some local
rains which are considered unlmpor-
tant and that harvesting is proceeding
favorably.
Receipts at the Cuban seaports for
;he week were 1900 tons, being 5000
tons less than last week, due to inter-
ruption by rainy weather There are
ia centrals grinding, the same az be-
fore reported.
Mr. IL. o. LIGHT cables us that the
weather in Germany is unfavorable for
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-id. To
I'D and closing at SIS. / l-2d. for
prompt and SIS. Sd. for August de-
livery.
In regard to European beet sowings
our latest advices 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. Pri-
vate reports from Germany now speak
of a possible reduction of 10 per cent.
Reflned.-The demand In the way OF
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 l for giving shipping in
structions on the balance of these con-
tracts under the usual guarantee.
Prices are unchanged ana steady,
basis of graduated at 440c. less ! per
cent. cash, except federal. which II
quoted at 4.35c. less / per cent, with
the American and Howell shading
softs 10 points to meet ArbuckIe's
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 ant
firm for the present at least
Coffee.-The figures, as they appear
from day to day, show "A remarkable
condition as compared with expecta-
lions. Not only are the receipts much
below anticipation, but the deliveries
from the seaports since January ! are
running much ahead of last year. Thu
buying from the country is not spon
taneous or voluntary. but it Is done
to cover actual necessities.
From competent sources In Brazil !
is reported that the next Santos crol
can only result from the July andIo
September coverings, as the fruit iron
the other blossomings had fallen ant
was lost. Notwithstanding this, thu
abundant and the trees presented 4
very hopeful aspect. The fruit from
the July Towering is supposed 10 ma
ture in February, and fine, dry wealth
er is requisite to gather II, seeing tina
II has to be swept from under tn
trees. It being impossible to make tw
harvestings. In view OF the constan
and heavy rains throughout the coffe
regions, and still continuing, the re
suit OF the July Towering IL running
great risk OF being lost, even II this
not the case already.
With II all. the coffee trade at larg
Is ignoring both the very favorabl
statistics and the constant rains II
Brazil, hoping that finally an abundan
crop may be realized.
1t Is now reported positively that tn
delegates from the different state
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 Il payini
basis. The first condition insisted up