Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-09-07
INQUIRY
CAUSED FIRMER
Tone ON MARKET
Movers & callaghan Sugar
Market Review Takes Up
Prices Prior to Aug. ~

Throughout the past week the
market continued comparatively mac.
tive, with business from day to day
confined to rather small quantities.
principally for prompt shipment, /" says
the August % issue of the Sugar Mar.
ket Review Of Nevers & Callaghan OF
SO Wall Street. Holders in Cuba
showed decided firmness and put fer.
ward only small offerings, but at the
poor demand for refined, were rather
Indifferent buyers The market gen.
orally remained steady at 3-11u6c ba.
sis SO deg. c. & T. (4.70c), but on one
lot In pert sellers found it necessary
to accept 3 5-Sc basis 96 deg. G. IF
t4.64cl and one small parcel of Porto
Rlcos In the same position were sold
at 4.5Sc basis So deg. G. i.
Only small lots came out at under
3 S-4c basis SO deg. c. & I. (4.77c) and
these were all taken up, and the mar,
ket closes very STEADY in tone with
buyers for Cubas In any position AT
3-11f16c and limited quantities for Sep
TENDER shipment on offer at 3-4c ba.
SIS So deg. c. e (. Refiner's stocks of
raw sugar here are about 100000 tons
less than a year ago and they have an
unusual small amount bought to come
forward. With the country bare of
stocks of refined IL would seem that the
market Is in rather vulnerable posi-
ton and should any buying movement
Of Importance set in, higher prices
would undoubtedly result. 1t is recog.
uized. however, that stocks of refined
held by refiner3 are undoubtedly much
larger than at this time last year, and
the course of the market hinges upon
the appearance of good demand fo-
refined either from at home or from
abroad. ..ss
The weekly cable on Tuesday from
Cuba reported receipts of 1880 tons
and five Gentrals grinding, as COM
pared to 1900 tons receipts and three
Centrals at work at the corresponding
date last year. To-day, five Centrals
are still in operation and rain is want,
ed in some sections of the island.
"The domestic demand for refined
continued quite disappointment and
on the oath inst. several cuts I'm prices
were made. The American S. R. Co..
National S. r. Co, and Warner S. r.
Co, reduced prices to $500 less 2 per
cent, and the Federal S. r. Co., ann
Arbuckle Bros. reduced prices to $50"
less 2 per cent The response from
the trade was extremely poor. as the
confidence Of buyers appeared to b"
shaken by the numerous recent
changes in PRICES and very little new
business was booked. The Withdrawals
against old contracts ccntinued small
IN volume Some increased inquiry
for export to Europe appeared and
transactions amounting to 5000 1000
tons were closed within the past day
or two, but part of this business was
in exchange of raw for refined sugars
at an agreed upon differential.
Further orders from France are
under Negotiations and 1t is generally
believed that England will soon ap-
pear again as a buyer on a large scale
The increased export inquiry and the
'firmer tendency of raws caused the
Federal S. r. Co. to put their price
back to $500 less 2 per cent on the
26th inst. Old crop Western Beets
have been offering in Eastern markets
at 5.30c less 2 per cent, while Mich-
gan Beets have been offering at 5.40c
less per cent. The quantity of these
sugars actually available at this time
is comparatively small and it will
probably be October before the new
crop is freely available. Meanwhile
the trade is very low on stocks of re-
fined and September should prove to
be month Of very good distribution
The trading in futures reached a to-
tai of $4,000 tons for the week. Prices
continued to show wide fluctuations,
September selling at 3.51c and soc.
the low and high point respectively.
Closing quotations today are: Se0tem.
Der $3.50 q 1850, October 3.57c q
358c. November SAC q 3.48c. De.
cembcr S.25c a 33nc. and January
and February S11e q 3.12c.
STAR. GIVES YOU
-.-.-s g. mA6R HaIAnNr