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

Advancing prices on raws and a lift
In the prices refiners are asking for
granulated. are dealt with in the New
ers & Callaghan Sugar Market Re
view, issued on October % from the
company's Office at SO Wall street,
which follows, In full:
The market opened this week with
a strong and active tendency and aft
er one refiner had purchased about
IS, 900 bags of October shipment Cubas
at 3 3I16 basis So deg. c. & Il q gen
eral buying movement set in which
caused sellers to advance their asking
price 1f16c, when refiners took some
$780, 900 bags of Cubas from store. DC
.tober and October first half Noyem-
Der shipment at 3 Lac basis So deg.
C. & f.. including 5000 bags Porto
iRicos from store at 4.26c basis So deg.
The. purchase by Europe of 5000
tons Cubas for November loading at
310c F. o. B. Cuba and the purchase
by spectators of about $4,000 bags
Cnbas for January February shipment
at &c basis sc deg. c. & f., further sti-
INFLATED the market and re1ners who
were experiencing good demand for
graduated. found Il necessary to pay
Use advance to secure supplies and
their purchases at 8 $3.50 basis IS deg.
c. & T., amounted to about 10000
bags Cubas from store and for Octo-
her and first half November shipment.
Their purchases included 5000 tons
Philippine Mnscovados from store at
3.40c basis IS deg. At this stage of
the market and with refiners disposed
to continue buying, holders raised
their views to 3 1fc basis 96 deg. G. &
I. A Spectator then paid 3 7/16c
basis SO deg. c. & E., for a limited
quantity but refincrs refused to raise
their bids above 3fSc 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 reduc-
ed their views to 3fSc basis 96 deg.
C. & T., and q large business was then
transacted at this level Offerings,
however, continued to come out free
~ and after refiners had taken about
100000 bags from store and for Octo,
her and first half November shipment
they retired, leaving q fair line still
on offer at 3 318c basis So deg. c. & (.
The market closes slightly easier in
tone and the advance appears to be
checked for the time being
The weekly cable on Tuesday from
Cuba reported areceiptsE OF 1926 tons
and ] Central grinding, as against
1000 tons and no Centrals at the cor
responding date year 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.l5c
less per cent and refused to accept
any orders at less. This represented
an advance of Is points in 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 2
per cent. but upon finding refiners
firm at the advanced price, finally
came in and placed fairly large orders
at 5.15c less per cent. The business
at this basis was all for prompt ship
ment and reached liberal proportions,
so much that on account of the diff
Guilty of securing raws refiners were
forced to advance their prices to the.
basis of 5.25c less 2 per cent for granu-
lated. The business booked at this
higher level, however, was compare
lively light, is rather than pay the
odvanced price good many of the
trade undoubtedly turned their atten-
ton to Domestic Beet sugars which
were available at 4.95c less per cent
in Central Western territory and at
5.05c less per cent In the Eastern
territory.
"The trading in options on the ex.
change reached an aggregate of 49,
700 tons, and prices fuctuated in sym:
nathv with the trend Of the actual