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

Large purchases of sugar by the
British commission are not expected
during the balance of 1915, though
moderate sized lots may be taken on,
according 10 WilIett & Gray's Sugar
Trade Journal of August rs. The gen
eraI resume of the sugar market con-
ditions on that date by WilIett & Gray
follow:
RaWS.
At the close last week the market
quotation for Sc deg. centrifugals was
at 1850 per h., duty paid.
This quotation was nominal, be-
cause no transactions had been made
at q lower price, although Cuba centri-
fugals were offered for sale at basis
Of ATTIC per lib.
This condition OF inactivity CONT
nued with offerings at Alto and no
buyers during the week under review
until Monday, when the Federal re.
hnery took 5000 bags Cubas in port
at 3 ll-16c c. Ct. {4.T0cJ per h., duty
paid, tins making a new definite rnar.
ket quotation at 4.70e per H., for cen
trifugals Of SO deg. test .s
There were other sellers OF Cubas
at the same basis for in port and
prompt and September shipms nt, 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 condf
tons 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 a reiner at 3ssc
c. & T., reducing market quotation to
4.64c per H., duty paid.
As we go to press the market ap-
pears TO have recovered from its de.
precision and holders OF Gubas are
now asking 3%c c. e I. (477cl for
any shipments Offering.
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 Ill 800 tons. against $4,000 tons
for the corresponding week Of the two /
preceding years. Stocks decreased to |
405 200 tons on the rather small ex-l
ports Of s0.4sO tons total. Five cen.
trails continue to grind the same num-
Der aslast week, but against 3 last /
year dilli In 1919. The visible pro
dlIetion IS now 2 4e1 t0Iig cE k2.. (
059 tons less than Iasl geaf at this
time.
Refined.
The export business in refined is |
also restricted by the lower price /
views OF the British and French buy
ers for formulated, and by the absence
Of supplies Of cubes, which are parti.
desired by both countries. but /
in which grade most refiners are al.
ready sold to the extent OF their pro.
duction into October for large lots.
Later some 1000 tons OF refined are
to have been taken for for.
eign account at presumed basis OF
/. 40c TO 4.45c per ID. net cash, I. o. b.
New York, in bond, and there are rum
ors OF further business.
Europe.
The United kingdom figures show q
decrease ot only 5is per cent in the
for the seven months |
ending August /. Stocks on hand do
not vary much from last years. and |
Inc secured supplies are put down as Z
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 |
nat 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
tate that it is considered that enough |