Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-11-22
HOLDERS DIFFER
With BUYERS ON
Price OF SUGAR
Inability to Get Together on
Quotations Keeps Dealings
I Small in Volume
Special STAR BiiHctrn Core >Fondrna"l
- :, Nav York. Nov. 10.

| " :. New York Nov. ip.
| Following q period OF dullness i'm
! mediately before and after the cleo
! ton holiday. the market developed
activity near the close OF tins week
| and Oh moderately large transactions
| in Cuba. non duty-payinS and full
duty-paying sugars at the equivalent
! of 6.52 deg. duty-paid, the market
shows an advance OF 1rlGC as com
pared with the spot quotation ruling
week ago. ~" T..
Owing to the very limited demand
| for Granulated, refiners,. during the
early part of this week, continued
their attitude of indifference towards
| the offerings of Cubas from store and
for prompt and November shipment
| for which , 5-Sc basis SO deg. c 4 I,
t6.65cf was being asked. Holders
were confident and firm in their ask
| ing price and although operators at
times indicated a Willingness to pay
! ) l-2c basis 96 deg. c & t652e) Tor
sugars rom store and for prompt ship
ment. and even ) g-l6c basis 90 deg.
c & f, t6.5ScD 7or special small parcels
from store or in very nearby posi-
|
were unwilling to recede from their
asking price of ) 5-Se basis SO deg.
& for shipment Cubas and 6.69c
basis SO deg. duty paid for Cubas from
store However. their confidence be-
came slightly shaken later in the week
after refiners secured small parcels
of Porto hicos for prompt shipment
at 646c basis SO deg. elf. and 1000 tons
| of st. Choix for November arrivals at
practically their equivalent. viz. > 3-16c
basis 90 deg c. i. f. Whereupon hold
ers of Cubas began to offer conces-
sions and failing to uncover any buy
| ing interest at above ) LIE basis 30
| deg. c. & the offerings at this level
began to accumulate. Following a sale
of $4,000 bags st. Croix from store to
an operator at lac basis So deg,
in bond. OSLO refiners entered the
market at 5 lie basis SO deg. C & I
| for Cubas for shipment and 6.52c basis
| sc deg. duty-paid for Cubas from
store, and accepted 100-l25,O00 bags
Cubas from store and in nearby posi-,
tions at this price, including in their
purchases additional small quantities
of full duty-paying sugars and one
small parcel of Porto Ricos afloat at
the equivalent of 6.52c basis sc deg.
lduty-paid. =.-~
The market closes with some small
parcels of store and shipment Cubas
and full duty-paying sugars unsuc.
cessfully offered at the basis of 6.52c.
The weekly cable from Cuba on
November 6 reported exports of 3d..
3S9 tons, consisting of 2214 tons to Eu-
rope and 33,175 tons to u. s., Atlantic
ports. Rains are still being expert.
enced in many sections of the island.
Messrs. WiIlett & Gray report re-
ceipts at the II. s. Atlantic ports for
the week ending November s at 59,959
tons and MEETINGS for the same period
at 42,000 tons. increasing the stock
/ in all hands to $4,000 tons.
There has been but very little re-
fined business booked during the past
week, both the domestic and export
demand being light All local refiners
continue their quotations unchanged
at 7.50c less 2 per cent. except the
Federal s. r. Co. who quote 1900 less
2 per cent for city deliveries and
7.75c less per cent for other points.
The trading in options during the
week reached total of 4S.450 tons.
Closing quotations today are: Nov
ember 5.50c45.53c, December 520e@
5.21c, January 4.6fc@4.65c, February
4.34c@4.36c and March 4.32c@434c.