Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-10-26
l]NCERTAINTYN
SUGAR MARKET A
LEADINGFACTOR
WiIiett & Gray's Comment on
Industry Shows Tendency
to Decline

A rather uncertain market is the
forecast OF WiIlett & Gray's Sugar
Journal for the week OF October IA.
The journal, which came by today's
mail. has the following interesting
summary:
Statistics by Special Cable.
Cuba--Tbe entire island: Receipts.
1755 tons. against 561S tons last week.
5000 tons last year and 5000 tons In
1913.
Exports, 27.oss tons; stock. 236,3s4
tons. against last year 10000 tons.
Centrals grinding. I against 1 last
week, none last year and in 1913.
Stocks in the United States and
Cuba together of 506,507 tons. against
So, 1923 tons last week and 467.855
tons last year. an Increase Of 1852
Ions from last year.
Haws..
The improvement noted last week
continued through most Of the week
under review.
At the close on Thursday Centrifu-
gal sugar, 90 test, was quoted at
S.75c per h., duty paid.
On Friday. without intermediate
sales. Spectator paid &c c. & I. basis
for 10000 bags Cubas, raising the mar
ket quotation to 4.0ic per ID. On Sat
urday October shipment Cubas sold
to Federal at SIC c. 4 I. l4.14c1.
On Monday $4,000 bags Porto Ricos,
part in store and part for shipment,
sold at 4.01c per h.. raising the quo
tation Of free duty sugar from the last
sale at 3zc to 4.01c per Id. Cubas
for shipment were held at 3Ac c. & T..
and from store at S1sc c. & I. without
buyers at this basis.
Tuesday was Columbus Day." and
close holiday.
On Wednesday the opening was dull,
with the lowest offerings on basis Of
Ice, e. & Z. i4.08c), but buyers views
were not above &c CO I. f4.01c), and
then only for q limited quantity, as
was shown when the American took
1000 bags at that basis and then
withdrew from the market.
AS we go to press further business
was. done at the &c basis. leaving the
market steady. with buyers at that
basis. There is q report that an ope-
rator bought small lot Of Cubas, in
store, at 4.04c.
1t will be noted that the business
thus far on the advance has been
about moderate, and the market can
scarcely be called settled on any new
basis until considerable further bust
ness is done. The coming week will
show whether the advance can be
maintained or whether lack of inter
est by buyers will return the market
to its former declining tendency until
q level is reached somewhere below
&c c. &
Some interest has been shown by
spectators recently for new crop
sugars, particularly for January ship
ment. Sales were made at 23sc c. & T.
l3.89e), then advanced TO 3 1-16c c. &
(. (4.0sc) and declined to &c c. & I.
t4.01c).
Adyices from England state that
sales OF new crop sugars have been
made to that country to extent of ZOO
$50. 900 tons.
Cuba.
The visible production to end OF
September is 2,532,97S tons, or 1887
tons less than the corresponding fig
ure of last year Of 2,560,335 tons. The
receipts of the week are only 1855
tons against 5000 tons last year, al
though exports are 27.068 tons com.
pared with IL 900 same week 4 wear
ago Stocks decrease slowly and
stand nj 2s6. aga TONS. or more than
double the figure Of ief4 which was
112 .0O6 tons One Central continues