Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-07-17
STOCK in
WAREHOUSES;
g
. so 7s..s e rttfz --E.tz.;
!. !. BELOW NORMAL
+ IHN AhIH
q x - V'l NIUH MM IN i
Estimate of Total Supply or
Hand and Afloat 200, 900
e Tons Short 3.

/ Reporting on conditions of the sugar
market CzarniKow-D iondo Company
Of liz Wall Street, New York, write
the following under date of, June 80:
Reported business of the week has
again been of such light volume as
to total merely 1900 tons Cubas, and
1000 tons Porto Ricos, on which, how
ever, th espot quotation advanced 13c
per Id. TO, 6.40c,- basis. s96..y Having
last week, absorbed the offerings of
June shipment CHbas at 5.376es CT.
(6.40c), refiners: this week paid 544c
sef. 6t4pe} for several small parcels of
July shipment. Whilst prompt Porto
Ricos were purchased for Philadelphia
at 6.20c elf. on 9th inst, next day
614c CHI was accepted for a some
what larger quantity also for delivery
at that port. Another small sale Of
Porto Ricos is said to have been made
yesterday at 6.0Sc elf. New York.
Toward the close refiners withdrew
from the market for rraws, despite
the fact that there appeared to be a
greater desire than for some time past
displayed by the trade to enter into
fresh commitments of Granulated. Sci
lers in Cuba have consistently ad-
hered to their policy of holding out
for better prices, and small lots ar
irving here unsold have recently gone
into warehouse. ~...- :-........ :.
The quantity of raws at present in
warehouse at the United States At
lantic ports for account of importers
(all of which is carried at New York;.
Ii given as 92,94S tons, as compared
with 1859 tons last year, and re-
Timers stocks of 151,910 tons are 1885,
712 tons less than the amount carried
bytthem "a year ago. It is also OF
interest to note that the combined
stocks OF Cuba, Atlantic ports and
New Orleans, plus estimated afloats
to United States, now give a total OF
about 100000 tons raws less than were
found to exist in same positions at
this time in 1915.
Comparisons of this nature cannot
fail to forecast very strong position
for the article during balance of cur.
rent campaign, and with the addition
al prospects Of continued moderate
volume of business in both raws and
refined for shipment abroad, the indi.
cations point to a marked scarcity OF
supplies being experienced in this
country during the autumn months.
Continued inquiries here for both
ravs and granulated for shipment to-
Argentina resulted in further 10000
tens of the latter description being
sold there this week, with negotiations
still pending for additional quantities
to same destination.
The rainy weather in Cuba, although
generally favorable for the coming
crop, has greatly interfered with
grinding on the 16 Centrals which yet
remain in operation, and several of
which, in consequence of the heavy
downfall, have been prevented from
grinding On more than two or three
days a week. Stocks in the Island
are now just about equal to last years
figures, and as a result of the large
of steamers in course Of load
ing there for Europe, a decided falling
off should be witnessed next week.
Trading in sugar futures on the
New York Coffee Exchange has been
fairly active this week, as indicated
by total transactions of $4,000 tons
during the six days under review
Following an early advance of .02c
to .05c by 9th inst, subsequent re-
cession has brought this evenings
closing bids down to July 5.25c, Aug.
ust 5.34c, September 5.3Sc, October
!. 33c, November 5. 23c, December sole, /
January 4.74c, February 4,45c, March