Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-03-29
REFlNERs CONE
Up TO VIEWS Of
OWNERS Of RAWS
Market Follows Rising Scale,
With Buyers Forced TO kd-
vance to Meet Sellers

The rising market in sugars for the
week ending MarCh J. is aaaiyZed as
follows in the Sugar Market Review
of NeverS & Callaghan. ~ Wall
Street.
A strong and active market has
prevailed throughout the past week
and on comparatively. small tranSaC-
tons made on 4 sharply Iising scale
the value of Cubas for prompt. a. we'll
as for April and May shipments, has
advanced from IA to IS oasis 81;
deg. c. & Z, (1.H9cl, a net gain OF SIC.
from the closing EriCcs &C last week.
Sales of Cuba8 made at the close Of
last week at l-2C for March and
April shipments t. refncrs and 9.l6c.
basis 90 deg. c. & f. to operators
cleaned the market Of all offerings at
these prices and while holders mad adj
vanced their asking prices to J-Sc.
for CuOas in ali positions this price
was not obtainablc generally until the
annour cement on FucsdG" e the
weekly Cuban figures.
The cable showing Cuban receipts
nearby 10000 t0as less than last week
and oaly $500 tens exports north Of
Hatteras, was the signal for a firmer
feeling on the ! art of holders and the
incentive for buying both On the Ealt
Of refners and operators, and al
though a speCulatOr obtained one
small Earcel OF Cubas for ArTi! ship
ment at 5-Sc basis 96 deg. c. & f.
and relners secured about 2v,iOJ bags
Of Cubas for March-April shipment at
this basis, no further sugars for any
position appeared to EC available at
the SIC basis. After a local refinPr
had paid 1l-1fc basis Sc deg. c. & f.
for one small parcel of 5000 bags of
Cubas for May shipment, buyers found
1t necessary to raise their bids to
( 3-4c basis SO deg C.. & f. to obtain
any sugars.
This price of SAC. was first paid |
for May shipment CHbas. then for |
April shipment and finally for prompt |
and March shipment the total sales at |
his basis aggregating about 25O-300,- |
j0g bags including 5000 tons of Cubas |
purchased by an operator in Cuba at |
|. zoe. to Also. basis 90 deg. C. & f., |
New York, which were used in an en- |
,hange with local refner for granu |
ated for export to u. K. Further out
light purchases of fair sized blocks of |
'efined for expert and the disappoint-
nent of re1ners at mot having been
lble to secure a greater quantity OF
| 3-4c. basis caused them to become |
more anxious as buyers and although
hey raised their bids no sellers could
,e found at less than 4 7-Sc. basis SO
leg. c. & +. at which basis only go
10000 bags Cubas for March-April
hipment and about 30-40,0 600 bags for
darchs shipment were available, the
emaining holders insisting on &c. ba-
is SO deg. c. & +. for additional Cubas
n all positions. -
An outport reffnef paid 5.40c. basis
6 deg. c. /. f., New York very early
n the week for one small parcel of
'orto Rices for March shipment, but
he firmness Of holders Of these
ugars in sympathy with the advanc-
ng tendency of Cubas resulted in an
dvance to 5.64c. which was paid by
peal refiners for 70-75,000 bags. of
'orto Ricos for March-April shipment,
nd finally at the close of the week
zoe basis 96 deg. c. /. f., New York
vas paid by an outport refiner for a
argo of Porto Ricos clearing the first
yeek of April. ....
"sThe weekly cable on Tuesday from
'uba reported receipts of 134,039 tons
nd 1873 Centrals grinding, as COM
AIRED to 121, 900 tons and ia Centrals
work at the corresponding date last
ear. Today, 1876 Centrals are in OPP
ration and the weather is favorable II
THE refined market has followed
he strength of raws. While the do.
lestic demand has only been fairly
ctive, still the export orders placed |
uring the week probably aggregate
yer 10000 tons This buying was suf
cient to cause all refiners to advance
heir list prices 10 points early in the
eek to 675c. less 2 per cent and later
5 points to 6.90c. less 2 per cent :
uoted by all interests except the Fed
raj S. r. Co. who advanced % points
, &c. less per cent. At the close of
re week the domestic demand has
but the export inquiry still
with no graduated available :
,r export at less than &C. f. o. b. in
ond.
THE trading in options has reached
total of $4,000 tons for the week.
losing quotations. today are: March
74c. q 4.Tc., April Also. q 4.S1c.,
lay 4.S2c. a 4.S3c., July 1850. q
GO and Sontomhor 4 Qoo IN A Qdc D." :