Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-08-11
PORTO RICO Is :.
MAMMA :.--.:s.-
III
NEARING END Of
1916 SUGAR CROP

(From Czarinkow-itionda Company.
NEW YORK, July 2I-A compare
t|ely inactive market has prevailed
during the week, as will be seen from
! the list Of reported sales: involving
] only ,5100 tons Cubas tof which about
1900 tons went to operators) }, $500 tons
Porto Rieos and $500 tons San Do
mingos 3. ...-' ...-
On these small transactions prices
first declined Csc per ID on 18th inst
when 5.l25c. CT. t6:145c.D was accepted
for $4,000 bags cubas, in port at New
York, but an apparent desire on the
part of refiners to- continue securing
, supplies thereat resulted" in rapid
recovery Of .125c. per Id. from this
low level, operators on 18th paying
I 25c. c. +. t6.27c.t for $1,000 bags
Cubas affoat ..-- ~.
+ There has been noticeably less pres
sure recently to sell Porto Ricos. but
while the last reported business was
at sac. c. i. f., small lot is since
said to have changed hands at 6.14c
c /, I. for shipment to New Orleans.
| ate advices from the island state that
there remain only about $4,000 tons
Ct present crop sugars left Tor ex-
pert. - :. .s-, ~ ..=..... .. -.
That our market should remain so
steady, despite the unusually pro-
tracted period Of inactivity, and that
the occasional declines brought about
by distressed" parcels have not af-
fected the position Of sellers, who con.
sistently continue optimistic as to va
lues later in the session, proves most
conclusiyely the strong position OF the
article ...> - ~ -. -.
Additional moderate sales this week
Of Cubas for foreign destinations
bring the quantity now pending ship
ment during July and August from
Cuba to Europe and South America
10 figure in excess of 10000 tons
In this connection it may be pointed
out that while the exports from the
Island to Europe as published in the
regular weekly satisfies may not APP
pear as heavy as had been anticipat-
ed, the apparent discrepancy arises
from certain sugars, destined for
United Kingdom or France being tenn.
porarily diverted to United States for
refining purposes. OF course, as such
sugars will ultimately reach their
original destination, they must not be
enormously considered as available
for domestic requirements.
The tone of the market at the close
continues steady, with only light Of.
ferings of Cubas in prompt positions
at 5.375c. c. +. (6.40c) }, with ready. buy
ers at 125c. per h. less, and operators
showing some interest at 5.31c. c. f.
(643c). With practically no contracts
Tor August, supplies at present out
standing with American refners, there
seems every reason to believe and
expect that fair volume of business
in Cubas for shipment should be con-
sumated in the near future. AS the
bulk of sugars held by importers, in
warehouse here is in the hands of
exchange operators, and probably scat
tered among quite number, it doubt
less would be difficult ate secure even
a 5moderate quantity of these sugars
without materially advancing quota
tiCns for future deliveries
Trading in sugar futures on the New
York coffee exchange has been very
active, and aggregate st, 200 tons for
the week. Today's closing bids of
July 5.27c, Aligust 5.29c., September
5.39c., October $3.50, November 5.25c.,
december 509c., January Alto, Feb
ruary 446c., March 4.47c., April 4.5Oc..
May 4.53c. and June 4.57c. represent
net decline on the week of ole. to
Gee. throughout the list.
The receipts for the week at the
three Atlantic ports were 1856 tons.
compared with 47,489 tonss last year
and 43,480 tons in 1914 ~.