The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1915-11-05
ADVANC|NGPR|CES
ANDBETTERDEMAND
RefinerS Caught Short Of Supply
Again Buy RaWs In 81" ..
Heavy Volume

Sales of raw sugar in the New York
market during the week ending Octo
Der 81 totaled 100000 bags Cuban and
Porto Rican, $500 tons Philippine and
5000 tons Cubas--WilIett 4 Grav's re-
port states, in part that stocks in tho
United States and Cuba together were
47l,3sO tons, against 5O6,5O7 tons last
week and 439,S67 tons last year, an in
crease of 3l,5l3 tons from last year.
Britain Buys Cubas
During the week Great Britain
bought 10000 tons of old crop Cuh1s
for November shipment to replace de-
layed shipments of Peruvian sugars at
the Panama Canal, but has shown no
disposition to enter the United States
market for refined sugar at present
basis of values.
The past week 3 figures reflect the
quiet market in Cuba sugars here for
the corresponding week. Receipts arc
only 1926 tons and exports 2O,O43
tons, all Of which latter, according to
Mr.. Himely, were destined to the
United States Atlantic Ports. Stocks
stood at 2l7,776 tons against 100000
tons last year. n
One Central, the Santa Lucia ut Gil
bara, continues to work, and weather
conditions are reported as light showers
in some parts or unsettled, which can
only be taken as favorable at this time
of wear. The cable report from London
carly this week giving confirmation II
purchase of 10000 tons Cuba raws by
the British Commission for late Octo-
ber-early November shipment will re-
lieve the situation to that extent by
the removal of 10000 tons excess from
our markets
Anticipate Export Business
The strong statistical position oh
tanning in the United States Atlantic
Ports and the purchases by our refners
of ahOnt 100000 bags for October and
November shipments here, will be
shown, no doubt, in the next few
weeks arrivals of sugars at the ship.
ping ports in Cuba and in increased cS-
ports and reduced stocks.
Refined, which was quoted at 4.90c
to 5000 as we went to press last week,
has advanced sharply, following the
course of raws and is now firmly main.
tanned on the basis of 5.25c, less per
cent, for Fine Graduated
On Friday and Saturday, owing to
the stronger feeling, quite fair.
amount Of business was placed at 4.90c.
Market Stiffens
The first advance came suddenly on
Monday, when all reiners went firm at
3.l3c. and buyers who had not fully
protected their wants for the next
week or so, were obliged to cover Same
ut This basis, az all refners declined
to accept any further business at the
n'd price. In this connection, one re-
FLYER issued the announcement here
with:
81 From and after this DIT" il wa u"
the policy of this company to 90 firm
at 0nrC on any change of Ir rrs NJ
business will be taken on any other
hnsis, at any point, from anvhody, no
matter how Iar"c or small such bust
ness may be. This policy is announced
as a means of making definite ami rosi
'iv" tn" relationship Of this company
to brokers and customers.
All other refners expressed similar
VIEWS
Deliveries Are Slow
SHIPMENTS, which were rapidly catch.
ing u2, are in bad shape again and lie
law Of ten days to two weeks is re
ported in some quarters. the Federal
being about the only rcfnrr in posi-
tion to ship promptly, although Ar
hrcNdc can ship most grades with only
three or four days delay.
GranuIitcd for export increased in
value accordingly, and while moderate
sized lots were placed earlier in the
week at 3.SOc to 3.00r, the quotations
are now at 4.2Oc to 4.25c, net cash, in
houd. f. h. New York, which rrjrra
might be shaded slightly for good-siz"d
lots.
Michigan and Ohio beet sugars "prn
ed the week at soc, New York basis,
for Chicago, Buffalo territory. but have
advanced to 5000 for this section and
to J. Sc less 3 per cent cast of Buffalo