Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-01-06
CUBAN.CENTRALS
ARE HELD UP BY
HEAVY RAINFALL
French Purchase of Refined
Sugars for Prompt Shipment
Is important Element

Wilett g. Gray in its issue OF De
rember % reports the sugar market
TLr the week as follows:
RAWS-The market during the en-
tire week has been Influenced favor
ably by the rather unreasonable
weather occurring In r'uba. Heavy
rains have been reported and on some
days have been quite general through
out the island. which not only has
prevented Centrals from starting up
their campaign, but has actually in
teTfered- with the work Of those Cen
trails which had already started, in
many instances completely stopping
grinding operations,
Under these conditions there are
practically no December sugars obtain
able, and the market has shown I'M
prOycment, sales having been made Of
Cubas at &C c. & (. ,l.0lc), against
? E-l6c c. & t. (3.g3cl last week, the
market closing firm with buyers at &c
&. e. (. t4.0icI for shipment up to the
first week in january. Offerings in
later positions are about as follows:
FIrst-half January. SC c. & (. t4.OlcD;
ali January. 2 lb.l6 c. G. f. t3.95c);
February. 2Mc & T, t3.S9c).
g, European operators have shown
some interest during the week for
January shipment, and it is thought
that some moderate business was put
through, although paI ticulars are not
obtainable.
One unusual incident that happened
during the week was the purchase by
the Federal OF full-duty paying Peru
yians, in port, at 25sc elf, equal to
4.I3c. duty paid Owing to the differ.
ence I'm tariff between Cuba and full
duty paying sugars CT CSC per H., this
sale of Peruvians advanced the spot
market on the duty paid basis nc per
pound. =...
The reason these sugars were pur-
chased was that, owing to this larger
duty. they are very advantageous to
refiners for export purposes, as the
drawback is practically NC per ID.
larger than that obfainable from Gu
bas OF course. any advance such as
In this instance and which was caused
entirely by tariff differences, could
hardly be expected 10 last, and even
though the market during the entire
market shows a decline of &c from
the nominal quotation of 4.13c quoted
for the day of December 18th This
sale was followed by sales of Philip
pine Island Centrifugals, So test, from
store at 4.01c, which class of Philip.
pine sugars is rather rare, although
the production Of Philippine Island
Centrifugals Is slowly increasing. The
quotation Of 4.01c was later confirmed |
by sales of Cubas at &c c. q f., as |
noted above.
At the close ,adSices from Cuba re-
port that the weather is improving, i
although Il is not yet really favor
able for the best grinding results, as
the sugar yield of the cane is still
low according to cur advices yes
terday there were Al centrals grind !,
ing. against IS last year !
Mail advices from London report
that the English government has char
tered eight steamers tcapacity 10000
tonsl for January shipment from Cuba
to United Kingdom, at Csc. 3D. to 30s.
per ton tale to 321sc per 100 lbs.l.
Louisiana refining grades are quot
ed unchanged at 3.15c, basis Sc de-
grees, delivered at New Orleans.
Trading in raw sugar futures on the
Coffee Exchange Of the city Of New
York has been light during most OF
the week, ssme days being without
business. At the close the market is
more active, some 500 tons being sold
at S.I5c for July and S.25c for Sep
fc~lher February is quoted at 2.S3c to
aS5c. 1
Wnile ii is generally credited in the
trade that export business has recent
~ been done Ter prompt shipment to
France, the quantity involved is not
large. In fact, many adyices received
from the other side report that France
has bought largely OF Italian and 9TH
er neutral countries granulated. some