Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-01-06
few DEALINGS
IN SUGARS At
LOWEST LEVEL
Actual Business Done. During
December Decline Small in
Volume, Says Rionda

Cuban sellers would not sacrifice
their holdings at the temporary low
prices prevailing for sugars during
the week prior 10 December Il, ac-
cordin% To the market letter issued on
that date by the CzarHikow-R ionda
Company of IL Wall Street, which
follows:
The easier tendency which. deyel-
oped last week and carried the spot
quotation down to SIC, basis 90 deg.
on small sale OF immediate ship,
ment Cubas at 3.S15c {. (, on 10th, was
only Of short duration, for notwith.
standing almost daily reductions in
limits, at no time had offers accumu,
lated TO any extent. so that actual
business done on the decline was of
only comparatively small volume.
This reluctance on the part of Gu
ban sellers to sacrifice their holdings
is evident from reported sales on 18th.
comprising only moderate quantities
OF prompt clearance at 3.69c G. J..
C4.7Oc), December loading al 3.625e
c. Z. C4.64cD and January shipment at
3.375c c. {. (4.39cC, operators on fol
lowing day having TO pay 3.44c c. T.
t4.45c) for a cargo OF. first-half Jan
uary clearance. For the remaining
$500 bags stored at New York 1880
delivered was paid on 18th, subse-
quent limited transactions in Decem-
Der clearance being at 3.75c c. f.
(4.77c), on which the spot quota
ton shows a net decline Of ,l2c per
Id. for the week. Total reported sales
aggregate only 81 200 tons Cubas and
Goo tons Surinams. in which operators
participated to a larger extent than
refiners. The latter are not at pres
ent showing much desire to provide
for future requirements, owing to an
ticipations on the part OF several in
New York 20 shortly close down for
the annual overhauling of their plants.
Stocks Down to Nothing.
Stocks in the hands OF importers at
United States Atlantic ports are now
nil, as against 44,775 tons last year,
and combined stocks in United States
and Cuba about 100000 tons below
those at corresponding date year
ago, situation which, In view of the
heavier impending demands from for,
eign sources for Cuban sugars of the
early production, makes 1t quite logi.
cal that our market should rule as
strong as IL does at this time.
The number of estates now grind.
ing in Cuba is given as A. compared
with 29 and II at corresponding date
in 1914 and 1913. respectively. but de-
spite the larger production anticipated
for the current month. as compared
with the 1856 tons made to end of
December last year. a great many
planters are encountering consider
able difficulty in fulfilling their con-
tracts for shipment this month. II is
estimated that 25-30,000 tons of the
islands December output will be
shipped to Europe, and judging from
the number of steamers already de-
clared by United Kingdom and France
against purchases on f. o. b. terms. 1t
seems very likely that additional
10000 tons Cubas will go to the same
destinations during first-half of jan
uary. 1916. All of which tends to con.
firm the belief that no accumulation
OF stocks in Cuba is. apt TO occur, at
least during the first two months of
the campaign.
There has been considerable for
eigp inquiry during the past week for
January-F February shipment United
States refined. sugars, but so far no
business has been reported"