Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-09-30
REFINERS Seem
INDIFFERENT TO
ALL OFFERINGS
Lack Of Interest GENERALLY, AT.
tributed to Slack Demand
for Refined Sugar

Neyers & callagaan. 80 Wall Street
New York. Issued the following sugar
market summary under date OF Sep
tember 10: ~
$ The week opened with refners very
indifferent towards Offering OF raws
for which holders were asking 3.5lse.
basis 9s deg c. q r. (4.e4c.) for cubas
and 453c basis SO deg. q. L. &, for
Porto Ricos. Sellers reduced their
asking prices to 2.9I16c. basis So deg.
e q 4 Tor cubas without attracting
buyers and finally TO 3-1l2c. basis So
deg. C. & T. before business resulted.
AZ this latter price an outport reaner
bought approximately 5000 900
bags. The offerings at 3-1l2c. basis
g6 deg. c. g r, increased 70 such an
extent that some sellers found 1t ne.
cessary TO offer further concessions In
price In order to mske sales, with the
result that after sIout 250oO bags
Cubas had been sold at 3-15l32e. basis
IS deg. e. a T. to a local refiner, the
market SETTLED down to S-7II6c. basis
2s deg. c. q 4. at which price about
10000 bags were sold. mostly to spe-
culators and outport fefIners. one local
reiner taking about $4,000 bags afioat
and for shipment at this figure.
THE reentry into the market Of
spectators had stimulating infiai.
ence and the week closes with both
spectators and renncrs willing 10
buy at 3-7l16c. basis 9s deg c. & 4.
but with no sellers Of Cubas n evil
dence At this price. Late today, how.
ever. local reaner found II necessary
70 pay 3.l5l32c. basis IS deg. { & {.
for one lot Of Cubas for prompt ship
ment, Holders Of Porto Rico sugars.
with offerings IN the neighbofhood Of
10000 bags were generally asking
l15e basis SO deg. {. !. T. with buy
ere showing no interest in the Offer
ihks. During the week. sale Of 1000
tons cubas was reported at S.30c I,
o. b. 70 Portugal It was noted that
local refiners made very few puf.
thases during the week and their ihck
Of interest In the market Is attribut-
ed to the poor demand for refined.
The weekly cable on Tuesday non
Cula reported receipts Of 11.l45 tons
and Centrals grinding, as compared
70 5000 tons receipts and Centrals
af work at the corresponding date last
year. Messrs Guma. Meier cable the
production FOR August as 6S.SS0 tons,
and the total production for the entire
island up to September 1. at 2,4S9, 65s
toms. as against 2.5s0.2s2 tons last
year Today. Central Is reported in
operation and the weather Is favor
able for the growing crop.
There were placed. during the
week. orders aggregating about 10000
tons Of refined sugar for export at
prices understood to average about
4.25c. p o. b The domestic demand
FOR refined was extremely limited and
reiintfs in their anxiety to attract
business reduced their selling prices
until quotations declined from 5.50c
less per cent to 5.f0c. less per cent
quoted BY all refiners with the excep-
ton Of the Federal 8. R CO.. and
Arbuckle Bros. who quote 5.30c less
? per cent.
The trading IN options reached 9
total Of $500 tons during the week.
Closing quotations today are Sep
tember 3.flc % a45c.. October S43c.
B. 3llc.. December S.I5c. q 3.16c..
January and March S.05c q 3.O7c.