Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-03-29
REfINERs CONE
Up TO VIEWS OF
OWNERSOF RAVS
Market Follows Rising Scale.
With Buyers Forced to Ad-
vance to Meet Sellers

~
The rising market in sugars for the
week ending March - is analyZed as
follows in the Sugar Market Review
of Neyers & CaIEashan, - Wall
Street:
"A strong and active market has
prevailed throughout the past week
and on comparatively small transac-
tons made on a sharply rising scale
the value of Cubas for prompt, as we'll
as for April and May shipments, has
advanced from I Ia to !, 81 basis 90
deg. c, & +. (5.S9c1. net gain Of SIC.
from the closing prices OF last EEK.
Sales OF Cubas made at the close CT
last week al l-2c. for March and
April shipments to refners and 9-lEc.
basis so deg. c. q f. to operators
cleaned the market Of all offerings at
these prices and while holders had adj
vanced their asking prices to 5-Sc
for CuDas in all positions this price
was not obtainab!e generally until the
announcement on FFeGGay Of tie
weekly Cuban figures.
The cable showing Cuban receipts
nearby 10000 tons less than last wee;
and only $500 tons exports north Of
Hatteras, was the signal for a frmer
feeling On the rart Of holders and the
incentive for bUTing hoth On The r2rt
Of refiners and operators, and al
though a Spectator obtained one
small parcel OF Cubas FOR April ship
ment at SIC. basis sc deg. t.. & +.
and redners secured about 10000 bags
o. Cubas for March-April shipment at
this basis, no further sugars for any
position appeared to lie available at
the SIC. basis After local refinPr
had paid 4 11-Ijc. basis sc deg. c. & t.
for one small parcel of 5000 bags Of
Cubas for May shipment, buyers found
it necessary to raise their bids to
4 SAC. basis SO deg. c. & f. to obtain
any. sugars.
This price of 3-4c was first paid
fer May shipment Cubas, then for
April shipment and finally for prompt
and March shipment the total sales at
this basis aggregating about 250-300,-
Cog bags including 5000 tons Of Cubas
purchased by an operator in Cuba at
T. roc. TO Also. basis SO deg. c. G f.,
New York. which were used in an eX-
change with a local refiner for granu-
lated for export to U. K Further out
right purchases of fair sized blocks of
refined for export and the disappoint-
ment of refiners at not having been
able to secure a greater quantity Of
4 3-4c. basis caused them to become
more anxious as buyers and although
they raised their bids no sellers could
be found at less than. 7-Sc. basis SO
deg. c. & +. at which basis only 80.
10000 bags Cubas for MarchApril
shipment and about 100000 bags for
March shipment were available, the
holders insisting on &C. ba-
sis 90 deg. C. & f. for additional Cubas
n all positions. 81
IAN ioutport refiner paid 5.40c basis
,6 deg. C. i. f., New York very early
n the week for one small parcel of
Porto Ricos for March shipment, but
he firmness of holders of these
sugars in sympathy with the adyanc-
ng tendency Of Cubas resulted in an
advance to 5.64c. which was paid by
ocal ref1ners for 7075,0 bags of
Porto Ricos for March-April shipment, |
md finally at the close of the week
roc. basis Sc deg. c. i. f., New York |
vas paid by an outport refiner for a |
largo of Porto Ricos clearing the first |
week of April. .~>
THE weekly cable on Tuesday from |
Tuba reported receipts of 134.039 tons |
md 1873 Centrals grinding, as com. |
Jared to $4,000 tons and TIA Centrals |
It work at the corresponding date last |
tear. Today, 1856 Centrals are in OPP |
,ration and the weather is favorable.
'"The refined market has followed |
he strength of raws. While the do |
nestle demand has only been fairly |
Ictive, still the export orders placed
Turing the week probably aggregate |
Iver 10000 tons This buying was suf-
icient to cause all refners to advance |
heir list prices 10 points early in the
week to 6.75c. less per cent and later
5 points to $500. less 2 per cent
uoted by all interests except the Fed.
raj s. r. Co. who advanced Is points
D &c. less per cent. At the close of
he week the domestic demand has
lackened but the export inquiry still
ontinues with no graduated available
or export at less than &C. f. o. b. in
ond.
''The trading in options has reached
total of $4,000 tons for the week.
losing quotations. today are: March
.74c. a ATTIC, April Also. q 4.S1c.,
lay 4S2c. q 1880, July 1850. q
CSC and SoDtamhpr 92c N 94c"