The Hawaiian gazette., 1915-04-30
MARKET SUSTAINED
BY SPECTATORS
WlIlett & Gray Report Prices
Wait On Increase In. {
Domestic Consumption

Willett & Gray's report for the week
ending April 10 contains very little N
f7lncidation of the sugar situation
The market is still speculative. If
domestic demand increases as it norA
mally does at this time of the year
continued strength win prevail. h
The Cuban situation and the EHropy
can demand are no longer the dOinF
nant factors The whole future Of the
sugar market depends on whether
there is return of confidence and gem.
Eeral trade improvements at home with
put the country,'s awaiting the out
come Of the European war. u. gt2t
This view advanced by Willett q
Gray Is substantiated by letter adviees
received in this mail from others in
the New York, trade. 49, .. .-r =.
saies 10 Earope J .''.#f"5 ,...1 {
For the week sales OF 100000 bags
were reported. Rnmored sales Of I0o,-
900 tons to Europe. April Is, at $50
10 $40 fob. Cuba We're identified the
next day, April l6, with sale Of So,
900 tons at $50, May and June ship
uient. Receipts for the week totaled
1888 tons. Total stock in Atlantic
ports was PAL 900 tons compared with
l57, 900 last week and 246,000 tons
last year. -...,. n -
Stocks in United States and Cuba
we're 10000 tons compared with 742,.
900 tons last week and 100000 tons
last year.
cubans Confident
Cuban holders showed their conf.
denee in the outlook by declining to
sell at a, reduced price when the ". y.
market fell TO accommodate "distress-
ed'' sugars or cargoes consigned to be
sold at the market, or not subject to
contract.
The. report in part follows:
The greater part Of the week. under
review has been one OF the most quiet
and uneventful of the season, and yet
somewhat ,dificult to, describe accurate
lly. Il ...,f. II.
careful Handling Requires -.
As indicated last week, the prevail
ing conditions in the sugar marker
were somewhat disturbing in their eff.
feet upon the well wished for improve
ment in values, but careful handling
by holders, operators and refners car
ried the markets safely over the per
| lod Of greatest pressure this week ana
as we 20 to press a decided improve
ment is noted in both tone and values.
"A sudden drop in the previous week
left the market quotation for Centrifu-
gals at the time we went to press at
basis of 4,61c per h., duty paid. but
| later sales were made on Thursday at
| 457c for Porto Ricos and 45se for
| Cubas.
The reaction was checked here by
reason of a purchase by the American
IN Friday at 4.64c, and also by reason
II operators on the Coffee Exchange
| ,onting to the rescue of the market
as they could do to advantage by re-
selling the purchases, made tbrough
,ontraets Tor future months deliveries
On Saturday combined efforts of re
fners and operators advanced the
market nominally,a without, however,
producing actual results. Rehners
finding sellers rather hestatinG gave
encouragement by advancing thei- bid
to 4.70c.
Spectators in Control
Spectators on the exchange with a
view of making a combination deal OF
aetu"l oa ~ st;"mant
tnttipa r Leu -, io' -Hl'"
Oupa "ent ,nSti +.o6tno works out
49,. ina - 80 aht6rnNt IMa<
'ni1 WY 100 - r. ~ pa mr. int[
AlilHalJ, Dousns a. 49, on" and Ran+ m
w wa On sitsnst n', nu "mI "'r nhoH,
Va 1uty ~ou.u Ia % IhO Fo s 49,
VI - ,Sents ~. d oSs = Se7o no,
ing eharseS' aoous % ~ 80; 90 III, pI
lp., anu "non 's 90 OK ar II a,
contracts maui a. o. p any, an
quoeea " ne etsS 49, nar Id(
paieiit 5P,TVynt u Y. .;'oo
.t ny ProtoetssP sn9 I'LL,
inc Iocai s1noIai nnaINe. 80. llor t"D''''
iu ~, ooso . iot Ino 'l"0 adttro,
1 ms Supp pp sna s 'Snh. fa~"riU,