Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-11-02
REfINERS HOLD
SUGAR PRICES
At HIGH LEVEL
Market for Week Ending 0cto-
Der 22 Shows Strength and
Demand on alb Sides

Advancing prices on raws and lift
in the prices refiners are asking for
GRADUATED. are dealt with in the New.
ers & Callaghan Sugar Market Re-
view. issued on October % from the
company's Office At 80 Wall street.
which follows. in full:
The market opened this week with
o strong and active tendency and aft
er one refiner had purchased about
As. 900 bags OF October shipment Cubas
at 3 3f16 basis SO deg. c. & T., a gen.
eral buying movement set in which
caused sellers to advance their asking
price 1l16c, when refiner6 took some
10000 bags of Cubas from store, De-
tober and October first half Noyem-
Der shipment at 3. 1f4c basis SO deg.
c. & f.. including 5000 bags Porto
Ricos from store at 4.26c basis 96 deg.
The purchase by Europe of 5000
tons Cubas for November loading at
BLOC F. o. r. Cuba and the purchase
by SPECTATORS of about 10000 bags
Cubas for January February shipment
at &c basis 96 deg. c. & f., further sti-
INFLATED the market and refiners who
were experiencing good demand for
graduated, found Il necessary to pay
Use advance to secure supplies and
their purchases at 8 3f8c basis So deg.
c. & T., amounted to about 100000
bags Cubas from store and for Octo-
her and first half November shipment.
Their purchases included 5000 tons
Philippine Muscovados from store at
q n .ufe A afcs ofar fNf
the market and with refiners disposed
to continue buying. holders raised
their views to 8 1lc basis So deg. c. &
4. A speculator then paid 3 7f16c
basis 96 deg. C. e T., for a limited
quantity but refiners refused to raise
their bids ab0pe 3 3I8c basis SO deg.
C. & f., as a perceptable slackening
in the demand for refined made them
less anxious about securing supplies
for raws. subsequently, sellers feduc-
ed their views to 3lSc basis So deg.
C. & T., and q large business was then
transacted at this level Offerings,
however, continued to come out free
ly and after refiners had taken about
600, 900 bags from store and for OctO-
her and first half November shipment
they retired, leaving a fair line still
on offer at 3fsc basis IS deg. c. & I.
The market closes slightly easier in
tone and the advance appears to be
checked for the time being.
'nThe weekly cable on Tuesday from
Cuba reported receipts of 1425 tons
and 1 Central grinding. as against
1000 tons and no Centrals at the corr
responding date b wear ago.
'The demand for refined assumed
very good proportions at the close Of
last week and the firmer tendency of
raw prices stimulated increased buy
ing at the opening of this week to
such an extent that ON the 18th inst,
refiners all raised their prices to 5.15c
less per cent and refused to accept
any orders at Less. This represented
an advance of Is points Ia the quota
tons of the American s. R. Co., War
ner s. r. Co. and Arbuckle Bros,
who had been quoting 4.90c less 2
per cent, and of Is points in the prices
Of the Federal s. r. Co., who had been
quoting 5.00c less per cent. For a
time the trade hesitated at paying
5.15c less 2 per cent and attempted to
buy at the old basis of 4.90c less q
per cent, but upon finding refiners
firm at the advanced price, finally
came in and placed fairly large orders
at 5.15c less 2 per cent The business
at this basis was all for prompt ship
ment and reached liberal proportions,
go much that on account of the diff
Guilty Of securing raws srefiners were
forced to advance their prices to the
basis of 5.25c less 2.per cent for granu-
iated The business booked at this
higher level. however, was compare
lively light, is rather than pay the
odvanced price a good many of the
trade undoubtedly turned their atten-
ton to Domestic Beet sugars which
were available at 4.95c less 2 per cent
in Central Western territory and at.
5,05c less 2 per cent in the Eastern
territory.
THE trading in options on the ex-
change reached an aggregate of &c..
700 tons, and prices huctuated in SYM
pathy with the trend of the actual
market" ~ .