Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-07-03
MARKET Tone IN
mid JUNE seen
IOBESTRONGER
New York Observers Say Sugar
g. Market Position Gains
in Strength

OoIIebpOnu6DceJ.-L weeks review
was made under conditions produc
ing a temporary reaction in values
TO 5 3-16c eff (6.21c) for Cuba Cen.
trifugals. As then forecasted in our
remarks there has been a recovery
OF lost values to extent OF 19c during
the present week under review. The
change in tone and the new stimuIa.
tion given the raw market is pro.
duced by an important new demand
for the refined product to fill export
orders These export orders required
fairly free purchases of raws by re.
ffners, even though the sales made by
them for export show declines in the
refined values. -.
Cuba Centrifugals, 96 test, were Ia.
ken by refiners at advancing prices
from s 3-l6c c.&f (6.21c) to 5 Csc
c-&f. (6.40c) at the close, and the
total of refiner's purchases may be
estimated at 10000 tons of afloat,
June and July shipments.
In addition to purchases of duty
paying raws, there were quite import.
ant purchases Of free-duty Porto Rico
Centrifugals, amounting to some $780,.
900 bags at 602c to 60Sc per ID. for
spot and nearby.
The close at this writing is firm
at the advance noted, with only light
offerings Of Cubas at lie c.&f
(6.52c) for nearby positions and 5-Sc
c.&f t6.65c) for July shipments.
Free-duty Porto Ricos sold at 6.08c
for nearby and prompt positions.
Situation In Cuba.
Receipts for the week are 33,411
tons, against $4,000 tons for same
week last year. Exports continue OF
good size, partly helped by the easier
tonnage rates, and amount to 93,2S2
tons total. distributed 1885 tons TO
i u. S. Atlantic Ports, 9,490 tons to
New Orleans, .2,s57 tons to Galveston
and 33.340 tons to Europe. Stocks
in the Island are reduced to 799,97o
tons Twenty five Centrals were
grinding on the 18th inst, z having
finished their crop during the week
Visible production is 2,767,S6S tons.
against 2,262,71S tons produced to
|pama date last. year and z, '216, 223 sf0ns,
In 1914 Light rains are reported
from some parts of the Island, while
II other sections rain Is needed.
At Other poInts.
Our special cable from Batavia re-
ports exports during May, of both old
and new crop sugars together of H..
900 tons to Europe and $4,000 tons
to Eastern ports, a total of $4,000
tons, against total shipments last year
in May Of 10.7s5 tons and S1,764 tons
IN 1914. In. May, 1915 and 1914, there
were no sugars exported from Java
TO Europe. There are now $4,000
tons Javas afloat to Europe.
Latest advices state that the. French
Government has taken up the question
OF labor shortage In the French beet
fields and that now all cultivators
have sufficient labor to take care oil
the fields
Demand for Refined Increased.
7 The feature of the week has been
the new demand coming on the mar
ket for refined sugar for export.
The local demand was small and
the foreign demand came at an OPP
perfume time for the exporters, who
were thus able to secure supplies Of
some $3.50, 900 tons at the relatively
low prices Of 6.S5c to $500. and even
{. CSC per ID. {. o. b. in bond, the latter
TSIIueO ~ O.6DC uCAue uiuAouOu main 4
" II not entirely by secondhand hold
efs instead Of by refiners
This export demand, however. was
not sufficient TO restore the regularity
of the local refined market in the
absence OF sufficient sustaining or
ders from the trade, and at this writ
ing 7.S0c less per cent is the excep.
tional quotation made by the Arbuckle
and possibly some Philadelphia re-
finers. as against 7.65c less per cent
by other refiners.
ArbuckIe's price OF 7.30c is for
prompt shipment, : assortment with
order.
Warner has been shading soft
sugars to the 1900 basis during the
week.
Russia Reduces Distribution.
According to the Petrograd Kieff
sMysslr at the last meeting Of the
Central Bureau for unifying the pur.
chase Of sugar. taking into account
the reduced stocks at the factories.
the fixing Of q monthly standard OF
supply was considered. On the basis
OF the data respecting the distribu-
ton Of sugar in Russia between 1909
and 1911, the Central Bureau had
adopted the standard Of consumption.
per head until the new campaign, OF
funt per month for the country pop
ulation and / IL funts per month
for the town population (for l funt
read 0.s pounds). But, owing to the
deliveries made recently by the sugar
factories and the consequently reduc-
ed stocks, the standard had TO be
reduced. Based on this, and remem.
berine that on the data available at
1st-4th April, after satisfying the
army, there remained q IL million
pools of sugar. the Central Bureau
decided on the distribution amongst
the various governments till the new
campaign, should be made 5-6th OF
f,,nt for the country and 2-6 funts
lF EPILEPSY
is due to germs, how do you account