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


A rather uncertain market is the
| forecast of Willett & Grays 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-The entire island: Receipts,
| 1856 tons, against 561s IONS last week.
5000 tons last year and COCO tons In
1918.
Exports, 27,06s tons: stock, ,236, 1874
tons, against last year 10000 tons.
Centrals grinding. against last
week. none last year and In 1913.
Stocks IN the United States and
Cuba together OF 506,507 tons, against
532 1913 tons last week and 46I, 855
tons last year. an increase of 1862
ions from last year.
Raws. e
The Improvement noted last week
continued through most OF the week
under review
At the close on Thursday Centrifu-
gal sugar. So test, was quoted at
5.55c per h.. duty paid.
On Friday, without intermediate
sales, Spectator paid &c C.. & 1. basis
/ for 10000 bags Cubas, raising the mar
ket quotation TO 4.Oic per ID. On Sat
urday October shipment Cubas sold
to Federal at 3hc {. & I. t414c).
On Monday $4,000 bags Porto Ricos,
part In store and part for shipment.
sold at 401c per h., raising the quo
tation Of free duty sugar from the last
sale at sac to 4.0fc per h. Cubas
for shipment were held at SIC c. 4 f.,
and from store at 3jkc c. & I. without
buyers at this basis.
Tuesday was Columbus Day" and
a close holiday.
On Wednesday the opening was dull,
with the lowest offerings on basis OF
3 1-6c c. & I. (4.0Sc). but buyers views
were not above &c c. 4 I. l4.01c). and
then only for limTted quantity, as
was shown when the American took
SO, 900 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 report that an ope-
rator bought a 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 win return the market
to its former declining tendency until
level is reached somewhere below
&c c. &
Some interest has been shown by
spectators recently for new crop
sugars. particularly for January ship
lnent. Sales were made at 25sc c. & I.
f3.S9c), then advanced to 3 Lice c. 4
/ T. t4.0Sc) and declined to &c c. & I.
l4.01c).
Advices from England state that
sales OF new crop sugars have been
made to that country to extent OF 200,
250, 900 tons.
Cuba.
The visible production to end OF
September is 2.532,97S tons, or 1857
tons less than the corresponding fig.
IRE Of last year of 2.560,335 tons. The
receipts OF the week are only 1855
tons against 1000 tons last year, al.
though exports are 27.06S tons COM
pared with 1900 same week year
|ago Stocks decrease slowly and
stand at 2S6.394 tons. or more than
double the figure Of 1914, which was
IL. 000. tons. One Central continues
TO work, and weather is reported as
fair and unsettled, but all indications
|received from Cuba point to record
crop for 1915-16. Visible production
to October g is 1856 sos tons against
2.564, 1886 tons last year. or a decrease
Of 27,7s2 tons.
Java.
Our Batavia cable reports the Sep.
TENDER exports to Europe as $4,000.
tons. which rather more than makes
up for the July-August exports, which
were shorter than anticipated. The
total exports Of this crop to Europe
now stand at $4,000 tons. II will, no
doubt. be recalled that the exports to
Europe In August, 1914, were only
$3.50 tons, but after the large purchase
by the United Kingdom soon after the
outbreak Of hostilities, the September
shipments made up the large total of
212,546 tons. The shipments to east.
ern countries amounted to 10000 tons
for the month Of September, 1915. The
whole crop this season is being ship
ped in record time, the total exports
TO September 30 being $4,000 tons,
against 600.307 tons and 705,S22 tons