Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-12-14
PRICES
TOSUIT BUYERS

{E ial Correspondence Neyers 4
calIdGi ali. % wall Street.
SEW YORK. y ". Dec. 1.-THE
ark@ continued IN a very depressed
nndiLor throHgHI'it the week and
nH aItrpmclt Iiehr sales the spot quo
+ tisn ha hceu ilrthgr reduced 10
JG4c decliue- 81 2fc from last
neck desc.
F.Uld ing sales d q local refineT Of
eEeFal email pra cells Of Perivians in
part lat A. basis 9G degrees G. ]. I.
II $500 ~ the close OF last week. adj
ditnnal moderate offerings Of Cubas
and full duty pay ing sugars appeared
al this level the opening OF this
week Refiners, However, owing TO
clniiinled inactivity in refined sugars
we're unwilling TO add to their stocks
OF raws and were withdrawn from
TIE market a further easier ten
deny therefore cnsued and holders
o. sugars in Iery nearby positions. in
order 10 attract buyers, began TO again
gradually reduce their asking prices,
until CuJas in port and for prompt
shipment appeared at 4ssc basis SO
degrees G. 4 I. t564cl and full duty
paying sugars afloat and about due
were offered at this equivalent, f2sc
basis So degrees c. j. f. When these
levels were reached refiner accepted
one small parcel of 1900 bags Cubas
IN port at 4ssc basis SO degrees c. &
f., which, marked the first sale of Gu
ban sugars since November IA, when
53s basis 90 degrees c. & f. was paid
for l0000 bags Cubas for immediate
clearance Refiners also accepted
about 1000 tons of full duty paving
sugars in very nearby positions at
4%sc basis 90 degrees c. j. f., but re-
fused to continue as buyers at this
basis for full duty paying sugars or at
4asc basis SO degrees c. q I. for Cubas,
ana consequently there still remained
moderate quantities of both Cubas
and full duty paying sugars unsuceess-
fully Offering at these prices. Holders |
of one cargo of Cubas that arrived in |
pert unsold during the week ordered |
same into store rather than press |
these sugars for sale, and when il be- |
came evident that the market was re- /
sisting further declines an operator
accepted what appeared to be the only |
parcel of Cubas offering at |!
45sc basis 96 degrees c. & T. This |
buying had the effect of checking any |
further immediate decline and gay +
the market an improved tone, as sell
ers are showing less disposition toll
force sales, and a rather better de-
mand for refined appears to be close I
at hand f
Although local refiners have shown
20 interest this week in offerings Of
new crop Cubas, still some additional I
small business has been put through +
during the week with operators al 7
550c basis SO degrees f. d. b.. Cuba
for March loading, and at 41sc basis
IS degrees C. & f. for January ship
ment to New York. 1t is understood
that further business is possible 1T
these levels but Cuban holders gen
orally entertain somewhat higher
IDEAS, and apparently no considerable
quantity could be bought under 3.S0c
. o. b. Cuba for January, February
II March loading or under 41Ac basis
70 degrees c. & t. for January, Feb
'uary or March shipments.
The refined market continues dull
md uninteresting. All interests con-
inue prices for graduated at 7.50c
ess 2 per cent, but such domestic or
lers that come to hand are mostly
jared for by second hand sellers at
Csc less 2 per cent, regular refiners'
erms. Distributors and manufacture
RS are generally very low in stocks,
nut are holding off buying, except for
.bsolute daily requirements, in antici-
,ation of the readjustment of refined
,rices to conform to the lower mar
let for raws Export inquiry con
inues light, but there are slight evil
Iences at the close of the week OF
ONE revival of export demand for re-
med at prices in line with present
DIV levels of raws.
Tho WORKING foroa of tho pritich / {