Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-02-17
CUBA PRODUCES
522,g32 TONS
To FEBRUARY |
Increase of 100000 Tons Over
Last Years Figures; Fu- =
lures Go at Premium

-
first of this month, together with an
interesting market review, are given
in the weekly bulletin published by
Nevers & Callaghan OF 80 wall
street. The review, put out under
date of February 4, follows: -
T. The stronger tons that developed
i'm the market at the close of cur last
review was again in evidence at the
opening Of this week. Sales late last
week, aggregating about 100000 bags
Cubas in various positions at SAC
basis go c. & f.. cleared the market
of all offerings at this price. and the
continued good demand for refined for
both domestic and export purposes
caused refiners, early in the week, to
meter the market for additional raw
supplies. :..-
Holders were firm and although a
soecuIator succeeded in obtaining one
small cargo of Cubas for February
shipment at 8 25-32c basis 90 c. & T.,
and refiners bought about $4,000 bags
OF Cubas afloat and for February and
March shipments at 1850 basis 90
c & f., no further offerings of Cubas
appeared at under 37sc basis go c.
& f. Buyers hesltated about paying
this. price and consequently sales were
hard to effect at 3 &c basis go c. & +.
After sale had been made to Specu-
lstor of 10000 bags Cubas for first
half February shipment at SIC basis
So c. & f., and an outport refiner and
also a local refiner had paid this price
for a limited quantity of Cubas for
March shipment, the market became
stronger and appeared to be on the
verge of being firmly established on
the 37sc basis, when labor troubles
developed in several of the local re-
fineries, causing buyers to hesitate,
leaving about 100000 bags Cubas, prin-
cipally for February shipment, still
available at this price.
while holders accepted 327-32c
basis go c. & f.. for about 10000 bags
Cubas afloat from Philadelphia re-
timers, yet bids at this price for New
York for March shipment failed to un-
cover any sugars, holders being san
guine of eventually realizing their
asking price of SIC basis 90 c. & f.
for their February and March hold
ings. Porto Ricos for February clear
ance that sold at 4.64c basis 90 c. j. f.
during the previous week, brought
4.70c basis go e. l. f.. on small trans
actions made during this week. Sell
ers of Porto Ricos are still offering
cautiously, being in fear of labor
troubles on the island ......
AT the. close, the market is quiet
but firm with offerings of about Co.,
000-70,0O0 bags Cubas for February
and March shipments at 3Bc basis 90
c. &:f. ana q Very limited quantity of
Porto Ric6sS for February, clearance
held at 477c basis 96o. C. If Buyers
are still hesitating, awaiting the out
come of impendingfIabor strikes in 10
cal refineries. "A sale of interest dur
ing the week Was that of a cargo of
San Domingo sugars for February ar
rival to a Canadian refiner at 1876
basis go c. |. f. ~ 49,: IL. ~.
The weekly cable on Tuesday from
Cuba reported receipts of las, 347 tons
and 159 centrals grinding, as COM
pared to $4,000 tons receipts and 100
centrals at work at the corresponding
date. last year. Today, 172 centrals
are in operation and the weather con-
tinues favorable. Messrs. Guma-Mejer
report the production for January at
4S8,OS3 tons, as against 258,172 tons
for January, 1915. The total produc.
ton to February l is given as 522,9 1892
tons, which shows an increase of
about 30, 900 tons over last years fig
ures, but only $4,000 tons over 1914.
The improvement in raws brought
in further domestic business for re-
lined, and refiners, early in the week,
advanced their list prices on granu-
lated from 5,S5c less 2IS to &c less
20, with all interests firm at the ad-
vance. The &C basis tended to check
further domestic orders, as the trade
had previously supplied themselves
or their requirements well I'D into
March. However, limited export in.
lu1ry continued during the week with
'efners generally asking SC f. O. b..
n bond, for graduated, and some mod. |
crate business was done at 4.906495c
o. b. for March shipment
The trading in options reached q
:otal OF 24,250 tons for the week. |
Losing quotations today are: Feb
'uary 3.S6c, March 3.8263.S4c. April
S7&3.s9c, May 393@3.95c. August |
.oa Q4,e9c, and September 4.11@ |