Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-08-29
DIZZINESS AND
UNCERTAINTY
in SUGAR seen
Mid-Augnst Conditions in New
York Market Not Very
. - Satisfactory
Especial Correspondence Nevers &
Callaghan, 80 Wall Street, ~


" Callaghan, 90 Wall Street)
NEW YORK, N Y, Aug lS.-A
duh and uncertain market has pre-
vailed again this week. the limited
transactions reported showing some
irregularity in prices as compared
with those ruling at the close of last
week, inasmuch as sales of Cubas
have established lie advance in quo.
tatiCns, while sales of Porto Ricos
show a decline of &c under previous
sales OF these sugars made last week
Following sale made at the close Of
last week of one, small parcel OF
Cubas from store at 5.64c. basis So
degrees duty paid, establishing a de.
cline of .13c, further moderate offer
ings of Cubas appeared at this basis
from store and at 4sc basis Sc de-
grees c. & (, in nearby positions with
cut finding buyers. Some recovery i'll
the option market and the weekly
cable from Cuba On Monday reporting
extremely light exports, 5000 tens,
to T. S. Atlantic ports, and which was
interpreted as a bu!lish factor, caused
holders to Immediately advance thei:
ideas and an operator paid 5.75c basis,
DC degrees duty paid in order to Sc.
cure 5000 bags of Cubas from store
for use in an option TRANSACTION. Al
though further moderate offerings OF
Cubas in port, afloat and for ship
ment were in evidence at the. time at
4&c basis sc degrees C. & f., sales
could not be effected at this basis, as
refiners were practically withdrawn
from the market and operators were
rot disposed to bid over 49sc basis
90 degrees c. 4 +. for further parcels
of Cubas Notwithstanding this con
dition, holders of unshipped Cubas ap-
peared to be very confident and re-
NAMED firm in their asking price OF
4&c basis SO degrees C.. & T. for Au
gust and early September shipment
Their confidence was not shaken un-
til refiners succeeded in obtaining al
$500 basis 95s degrees C. i. +. about
5000 tons of Philippines and Porto
Ricos arrived and about due, that
" ere being pressed for sale, and a
few odd parcels Of full dnty-paying
sugars in port at 412c basis S6 de-
grees c. &c f. Following these sales
some Cuba holders began to weaken
below the 4Ac asking price and
limited Quantities of Cubas in nearby
positions we're unsuceessfully offered
at 4ssc basis So degrees c. & i. The
market closes dull with refiners bid. !
ding only 411ac--96 degrees G. & f,sfor
Cubas .....-.-
The weekly cable from Cuba on
August, IA reported five centrals stu
grinding and receipts of G400 tons.
Total exports amounted TO 25 900 tons,
of which only about $1,000 tons were
destined for U. S. Atlantic ports. 1t |
Is estimated that the shipments in
The same direction next week will not /
exceed 5000, to 10000 tons, and should
his prove to be the case the de-
iiciency in receipts as compared to |
neltings here will make large inroads
NJ refiners' light stocks. Today five /
Centrals are in operation and the |
weather is reported as favorable for
he growing crop.
Early in the week B. H. Howell,
Son & Co. reduced prices on granu-
ated from 7.25c to &c less 2 per cent,
which cut was promptly met by the
American S. r. Company and Ar
,uckle Bros. The Federal and War
Ter S. r. companies remained un-
hanged at Use, less 2 per cent. The
eductiOn to the &c basis less per cent Il
ailed to stimulate any important buy II
ng as the trade is understood to he
airly shaken by the unsettled de.
in the raw situation
Trading in options during the week
cached an aggregate of 50,350 tons
nd cl0sing quotations today are: Sep
embes G70c@4.72c, October. 4.65c6D
:66c, December 4.45c94.47c, jar
airy f17c@419c, March. 4.O1c94 csc,
fay 4.10c6412c. s-...