Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-11-24
TRADE buying
LITERALLY NOW
Movement Of Refined Sugars
Helps Send Prices Up, for
Supplies are Still Low

NeYers & Callaghan of 80 Wall
street, New York, in their Sugar Mar
ket Review OF November II, report
sugar in an unusually strong position,
though there was a lull In the buying
movement when the retail trade had
satisfied requirements for 80 days in
advance: %sA ~
"a strong and active market has
prevailed throughout, the past week
with sugars in nearby positions in
keen demand and on large transac-
lions made on sharply rising scale
the value Of Cubas on spot and for
November and early December ship
ment has advanced from 9-16c to &c
-c.&f. (5.02e), q net3gain of .44c from
the closing price Of last week. The
continuation Of a good demand for re-
fined and the delayed arrival of raw
sugars previously purchased made re-
timers eager buyers, but they found it
necessary to repeatedly advance their
bids in order to secure the required
quantities, as the owners of the sugar
In warehouse here and the small bal
ance of the old crop remaining unsold
in Cuba showed a disposition to part
with their holdings only at very full
prices. The market closes very firm
in tone with further buyers on the
basis of 4c basis go c.&f. (5.02c), but.
with very little nearby sugars on Of
fer even at considerably Higher prices.
The firmness in the spot market
influenced new crop positions and
sellers have not been offering these
new, SUGARS as freelE.as aezWeeksago.
For December ishipI 1t b htbiS
So C. &f,, is now asked. with first.
half January generally held at 31zc
and last half January at 3asc basis
go c.&f. Early In the week some
business was done with operators on
the basis of &c (. o. b. for January and
2.90c (. o. b. for February loading and
at the close some business has been
done with refiners ON tine basis of
33sc basis go c.&f. for first half Jan
uary shipment, the full particulars of
which are withheld.
The weekly cable from Cuba on
Tuesday reported no centrals grind
ing and receipts of 1904 tons against
no centrals grinding and receipts of
II, 900 tons year ago. Messrs. GU
ma-Mejer report the October produc-
ton as 1880 tons, bringing the total
to the end of that month up to 2,546,-
600 tons as compared to 2,566,000 tons
a year ago.
The upward course Of raw prices
forced refiners to advance the price
OF refined sugars accordingly. Des-
pite the fact that the trade have been
buying literally during the past six
weeks, the prospects of higher prices
caused renewed buying during the
past week and a, moderate volume of
contracts were booked at gradually
prices from I s. SOC to- 5.S5c'
less go. At the close, the several
advances made during the week
leaves the Federal s. R.s9o. and Ar.
buckle Bros. quoting Sol lessa2sb, and
the American s. R. Cpg Warner s. r.
Co. and B, H. Howell Son & co. 5.85c
less 29c and at these prices there sap-
pears to bea lull In the buying move
ment as the trade generally have full
ly covered their requirements for the
next 80 days.
"The trading In options during the
week was active and reached total
of $4,000 tons at !, materially higher
prices than the closing of last week"