Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-07-11
Despite Only Moderate Sales
Price of Nearby Sugars Ad-
vance During Week
Especial Correspondence from willett
& Gray.)

sales of the week have been only mo-
derate but the market quotation for
nearby sugars has advanced from
4. lac c. & f. (627cl to s 3-S c. & (.
t6.4Oc). July shipment advanced from
5 CSC c. & f. $4,000 to 7.16c c. & T.
(6.46c). The improvement was due
to support by operators and to some
extent by rs1ners. There has been
no general buying movement, and for
this reason II is difficult at the present
time to maintain ans advance estab-
hshed. The lack Of any general buy
ing movement in raws is due to the
small local demand for refined.
The general situation is easier, with
sellers at 5 3-Sc C. & I. (640c) for
prompt or June shipment, and 5 7-16c
c. & I. (646c) for July. Porto Ricos
are obtainable at 6.14c to 6.21c, with
a sale to Arbuckle at 6.08c. On Tues
day McCahan paid 6.20c, delivered Phi
ladelphia, for a cargo Of Porto Ricos,
and on Wednesday Pennsylvania also
secured a cargo of Porto Ricos at
6.14c, same terms.
Buyers views are not above lac
C. & f. (6.27c) for prompt Cubas and
60Sc for Porto Ricos.
Cuban Stocks Decline.
The receipts Tor the week of 27,09S
tons are small, as is to be expected
towards the close of the crop, although
they are slightly larger than those OF
last week Exports continue Of good
size at 90,809 tons total, Of which the
fairly liberal quantity of 1925 tons
are for the u 8. Atlantic ports, with
5943 tons to New Orleans, 1929 tons
to Galveston and 29,111 tons to Eu-
rope. Stocks in the islands continue
their decline and now stand at $751;
828 tons. Visible production is 2,S14,-
208 tons to June "a, against 2,316,713
tons and 1882. 223 tons to correspond
ing dates for the two preceding years
1t will be noted the estimated balance
of supply is nearly 100000 tons less
than last year at this time, the fig.
ures comparing 867,620 tons against
ES56, 1854 tons. After July 1 last year
there were shipped $4,000 tons to
Europe, and as fully this amount. will
be shipped this year, and from small
er balance ofssupply, it would Indicate
q firm market for the unsold balance
Of crop, all Of which will be needed
by the U. s. refners. Seventeen Cen
trails are grinding against 20 a year
ago. Weather continues to be report
ed favorable for the growing crop.
Porto Rico reports rainfall during
the first half of June az only about
half of the normal, although tenn
peratures are high. =
British Demand Still Large. ..
United Kingdom-Our reports con
tinue to show an undated demand,
while the supplies do not arrive freely
enough to satisfy the trade. Reports
from London show that it is evidently
the British governments intention to
continue the Royal commission in
charge of the sugar situation for a
considerable time covering the period
Of uncertainty and wide fluctuations
in prices that are likely to ensue fol
lowing the cessation of hostilities. or
the declaration of peace in Europe,
whenever that stage is reached. No
one at the present time is even able
TO predict approximately when the
war will be over. --.." 80
Feet Area Smaller.
In Russia the area that 1t is expected
will be planted to beetsthisyearis over
IS per cent smaller than last years
area. The reason given is that the
areas affected are located near ths
prevailing military operations. Short
age of labor is another reason fol
the decrease As It Is, there is a short.
age Of sugar in Russia, which will be
felt all me more so II the supply to
the civilian population is curtafled
allow sufficient sugar for the ar
in the field. -.
Demand for Refined Light. 3 disnls
Quotations for refined whii Osorio
irregular last week at 7.30c $40
are now adjusted on the 7.65c
all reiners for GRADUATED az
hard sugars The soft graf - g.
ever, are obtainable from 80 -
and Warner at Is points eI1e -
sion.
The demand is very ligt
7.65e basis, and even wfthd 60
not up to expectations. I.N
business of volume Is rep 0ls3.l
week, although rumor W. g1-- :
that Argentine had purchf
10-12, 600 tons. This report - II
>hrmaticn and may possibly
confused with the report
from Europe that some 2fAsEe.
Cuban raw and American re town. N
ar had been disposed Of to ! River :
Restrictions Reducs consunr
London mail e1gices nnde,s $500 =,
June S, state that the restEr 49,,
supplies to consumers impose
government is rrflected IN
sumption figures for thircels fro
months ended April 81. lsJken By ii
were 950.5U0 tons ~ cOTnpaAmer Ere,
1,12s,GO0 tons over The sam
last season. -
+ The Royal Commission Il
with the purchase Of some
GOO, 600 tons Of present croIfN
official c0nfirmation Is lac ~
there Is 20 doubt that heavy
have been concluded. Rum. s