Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-09-07
United Kingdom Well Stocked;
War Has Cut Consumption
in France ID Per Cent

W. ] oIICC ~ q SCItI
Large purchases Of sugar by the
British commission are not expected
during the balance OF 1915. though
moderate sized let's may be taken on,
according to Willett q Grays Sugar
Trade Journal Of August &c. The gen
eral resume OF the sugar market con-
ditions on that date by Willett & Gray
follow:
RaWs.
At the close last week the market
quotation for Sc deg. centritugaIs was
at 1850 per h., duty paid.
This quotation was nominal, be-
cause no transactions had been made
at a lower price, although Cuba centrl-
fugals were offered for sale at basis
of Alto per Id.
This condition OF inactivity CONT
nued with offerings at 4.77c and no
buyers during the week under review
until Monday, when the Federal re-
fnery took 5000 bags Cubas in port
at 11-16c C. & {. (4.70c) per h., duty
paid, thus making a new definite mar
ket quotation at 4.70c per h., for CEN
trifugals Of SO deg. test.
There were other sellers of Cubas
at the same basis for in port and
prompt and September shipment, but
no other refiner or operator came for
ward to take the sugar, and the mar
ket closed on Tuesday barely steady,
the whole sugar situation being under
the depressing influence Of the dis
turbance In the refined sugar market.
On Wednesday the market condi-
tions and values opened unchanged,
and independent of the refined mar
ket conditions there were no import
ant factors acting upon the market.
An urgent desire to sell an invoice OF
10000 bags Cubas in port, resulted IN
these being taken by refner at ssc
c. &, T., reducing market quotation to
4.64c per H., duty paid. -
As we 60 to press the market ap-
pears to have recovered from its de-
preston and holders of Cubas are
now asking 3%e e. & I. (4.77c) for
any shipments offering. $685.. -: z.ee..
Cuba.
After the hurricane and accompany
ing rains of last week, the weather
this week has been without very much
rain, and the cables during the week
report rain is wanted especially in the
western provinces. Receipts are mod
crate III 800 tons, against $4,000 tons
for the corresponding week Of the two
preceding years Stocks decreased to
4O5 900 tons on the rather snan ex-
ports OF S0,4S0 tons total. Five cen.
trails continue TO grind, the same mum.
Der asslast week, but against 3 last
year and 6 in, 1913. The visible pro-
duction 3 now Z, 1E9. tpnes E.E,s
05s tons less than last Year at this
time.
Refined. ~ 's
The expert business In refined is
also restricted by. the lower price
views of the British and French buy
ers for grannlated. and by the absence
of supplies of cubes, which are parti'
cularly desired by both countries, but
In which grade most refners are al
ready sold to the extent of their pro-
duction into October for large lots.
Later some 1000 tons of refined are |
reported to have been taken for for
eign account at a presumed basis OF
/. 40c to 445e per lb, net cash, t. o. b.
New York, In bond, and there are rum |
ors of further business.
Europe.
The United kingdom figures show a
decrease Of only 51k per cent in the |
consumption for the seven months |
ending August L Stocks on hand do I
not vary much from last years, and
the secured supplies are put down as
ample to cover the balance of the
year and leave Sufficient stock and al
low for consumption greater than
last year. II would appear from this
that the British commission had Sc.
cured enough raws for this year until
new crop Cuba sugars are available
Regarding refined, however, the mys-
tery still remains, but reports from
some parts of the United Kingdom
state that Il is considered that enough !