Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-09-28
MARKET FOR raw
SUGAR ACTIVE AS
PRICES Decline
Rumor of Orders From Europe
Stir Buyers During Week
Preceding Sept. 10

Sugar activities during the week
preceding September 10 are outlined
as follows in the regular weekly sugar
letter put out by Czarnikow-Rionda
| Company, ll2 Wall Street, New York:
The raw market during the week
has been active at gradually declining
prices. On the 3rd inst. $4,000 bags
t CubaS, af1oat, were sold to refners at
; 9-16c c. f.. which lowered the nomi-
hal spot quotation 1Sc from 4.77c to
4.5Sc, duty paid. On the eth inst. it
was rumcred that orders for refined
had been received from Europe, and,
, although no confirmation was forth.
coming, reflBers began to manifest in
creased interest in rswe h".
lower than those at which sellers were
at first disposed to part with their
sugar. Later, however, holders gave
way, and an eutport refiner succeeded
In getting a fair quantity of Septem-
Der Cubas at 3 1-2c. c. ia SEE, fol-
lowed by successive sales ut 8 1889
c. t. (4.49c} and s7-16c CT, (4.45e).
which marked further, declines. At
the latter price, ready buying was in
evidence by reaners and spectators,
and steadiness was Impaired to the
market thereby, so that at the close
there continue to be buyers at 7-l6c
c. T., with but few sellers,
The buying by refiners was, as sur
missed, to cover sales OF refined to
Europe, which have proven to be the
principal feature of the week. The
British Government bought %, 900 tons
OF Granulated at Csc f. O. b., and Por-
tugal purchased 1000 tons of Cubas
for prompt shipment at 3.30c +. o. b.
Il Is well within reason to expect fur.
Their sales to Europe as the season pro-
crosses, but buying on cautious scale
will probably be INDUCED in, in order.
not to disturb prices unduIy. 3.
$50 far, interest in new Cubas has
not developed, but once prices appear
at a level from which a decline seems
Unlikely, greater inquiry will doubtless
be seen. 49,, ~. e.. az
Cuban Production. Z
"Messrs. Guma,Mejer's crop figures
to August 81, 1915, compared with
those Of the two preceding campaigns
are as follows: s.,:~s, -. ~.
"1915-E Exports, 2,044,726 tons:
stocks. 3S8,633 tons: local consump-
tion. $4,000 tons; total production. 8,
1869 tons. =. = 81. 1,
s "1914-7Exports, q, 2,23S,625 tons;
stocks, 231,05S7, tons; local consump-s
tion, 60,550 tons; total production, g.
sac, 232 tons. r.. , *. ~. -. =.
stocks. 204, 461 tons )ocaa Sconsump-
ton, $500 tons; stotaF Production, @.
34I,846 tons. s., ..,. ::--..-
From the above ii wiz be seen! that
$3.50 tons sugar were produced dur
ing August. as comparei with G1,704
tons and IA, 752 tons during the same
month of the last two years.
Trading in sugar features on the
New York Coffee Exchange has been
OF fair volume, transactions aggregat \
ing 1860 tons having been consHm-
mated. Today's closing bid prices OF
September 3.44c, October 343c, No /
vember 3.31e, December 3.15c. .Janu-
airy March 3,05e. April 3.O7c. May S.1oc,
June 3.11c, July 3.12e. show net de-
elines for the week Of lie In Sentem.
ber-0 October, .n9c in November. loo IN
December, .02c in J,tnHary.May and
ole in June. ..r ..
''The receipts for the week at the
three Atlantic ports we're 42.1S7 tons
compared with S9,116 tons last year
and 41,766 tons in 1913.
: Receipts for the week Of foreign
sugars at New Orleans were 14.70C
bags Cubas.
Louisiana New Orleans cor.
respondents write us that the recent
dry, cool weather had further retard-
ed the crop and that planters fear that
another drought has set in.
Refined continues very dull. with
buying Of hand.to-month character
A general unsettlement has been
caused by the successive reduction
which have put prices at basis of $500
less per cent for fine granulated by
Arbuckle Bros. and Federal Sugar Re.
ining Co and 5.40c less 2 per cent by
other reflners. while Rect Granulated
can be bought at still lower prices
Until stable conditions are created
cautious buying will be resorted to-"