This represents an increased supply for the year 1887 of 541,024 tons, compared with the year previous. The disposition of this surplus depends upon the probable increase in consumption in Europe and this country. Some portion of it will be absorbed by an actual increase in consumption, while it is possible that some portion may be absorbed by a more liberal stocking up by dealers and distributors, since it is generally admitted that in this country as well as in Europe, the declining tendency of values has caused the trade to carry comparatively small stocks and to supply their wants on the hand-to-mouth principle. The prospect of higher prices would lead to an absorption of this kind, but for the past two years dealers have found it unprofitable to carry large stocks, and the present outlook does not seem to promise any improvement in this respect. PRICES OF RAW SUGAR AT NEW-YORK DURING THE YEARS 1885 AND 1886. PRICES OF REFINED SUGAR AT NEW-YORK DURING THE YEAR 1886. THE MOLASSES TRADE OF THE UNITED STATES. Annual Review, showing the Import and Consumption of Molasses in the United States for the year ending December 31st, 1886, (exclusive of California and Oregon.) AVERAGE PRICE OF CUBA MOLASSES, PER ONE HUNDRED GALLONS, FOR EACH DELIVERY OF MOLASSES FOR CONSUMPTION AT THE PORT OF NEW-YORK FOR THE PAST TWENTY SIX YEARS. Foreign. Foreign and Foreign and Foreign. Domestic. 1886,....galls. 10,536,595 15,415,651 1873,....galls. 12,942,384 14,885,675 GENERAL STATEMENT-1886. RECEIPTS OF FOREIGN MOLASSES IN THE UNITED STATES FROM 1ST JANUARY TO 31ST DECEMBER. Total consumption of foreign in 1886,.. .galls. 36,477,626 Add estimated crop of Louisiana, Texas and other Southern States, of 1885-86, the bulk of which was distributed in 1886,... Would make the total consumption of cane molasses in 1886,. Increase in 1886,... .galis. 21,508,732 TOTAL CONSUMPTION OF MOLASSES IN THE UNITED STATES FOR THE PAST GENERAL STATEMENT-1885. RECEIPTS OF FOREIGN MOLASSES IN THE UNITED STATES FROM 1ST JANUARY TO 31ST DECEMBER. Total consumption of foreign in 1885,.. galls. 26,709,435 Add estimated crop of Louisiana, Texas and other Southern States, of 1884-85, the bulk of which was distributed in 1885,.. ..galls. 14,653,608 Would make the total consumption of cane molasses in 1885, ... Decrease in 1885,....... ..galls. 7,374,952 ANNUAL REVIEW OF THE MOLASSES TRADE OF THE UNITED STATES. The total importation of foreign molasses for the year 1886 was the largest in ten years, but the bulk of the receipts was used up by the boiling establishments at the several seaports where this industry is carried on, and hence formed but a small proportion of the liquid sweets used in household economy under the name of molasses. Out of a total importation of 268,525 hhds., only about 25,164 hhds. went into direct consumption, the remaining 243,361 hhds. having been re-boiled, yielding a product of 72,613 tons bas |