Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-09-06
RAAH|AlERS
SHOW FEELING
OF CONFIDENCE
Few Steamers Are Chartered
During Late August and
Early September
(SDecial Correspondence czarnikow-
Rionda Company, 112 Wall street.

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| (SDecial Correspondence czarnikow-
Rionda Company, 112 Wall street.
New York;
new YORK. N y. Aug. 1S.-The
condition of the raw SUGAR market
during the week. under review has
been one. of dulness. with BUYERS and
sAlIers very far arart Aside from
the small lots OF Cubas. Porto Ricos
| and Philinnine Jslands centrifugals in
sn-caIled distressed. positions (afIoat
and in portl.. sellers Of which SUGARS
are ALWAYS more ready to meet buy.
ers' views IN nreference to sending
them tn warehouse, sales have been
confined to small lots of non-Dreferen-
tial sugars in mort at full market pri
res. IN order thai, they may be utilized
for export. purposes.
The small shinmeDts from Cuba
this week, and the still smaller num-
her of steamers under charter to load
in the FOLLOWING three weeks. indicate
|fbe confidence of Cuban holders in
the future. The small Cuban shiu
ments WI cause arrivals here to he
verv much below the melting needs.
Unless the MEETINGS are Very much
reduced from what they were in pre-
viOus years, 1t is quite natural to ex-
pect more activity in this market than
we have had during the past month.
II is worth noting that the receipts
at the four Atlantic ports this week
were only. 26.633 tons. against melt
lings of 900 TONS, This DISPARITY is
expected TO continue until refiners re-
plenish their gradually Diminishing
supply Of raws bv entering the marlSet
for Cubas for shipment. That refin-
ers should further curtail MEETINGS at
this season of the year would be quite
contrary to all precedent, and, there.
fore, is not likely to occur unless they
are carving. unusually large stocks
OF refined with which to meet any in.
creased. demand: that might develop
even under consumers present hand.
to-mouth policy. Any increase in de.
mand for refined must tend to ad.
vance prices of ;raws.
Cuban holders seem TO have come
to the unanimous decision of spread
ings the disposal OF the crop over a
period of 10 months of the year.
against the old way of trying to sell
all within the first six or seven
months. Therefore, the remaining IN
sold sugars In Cuba, that cannot
amount to MORE than 5000 to $780,
900 tons. wills be disposed of within
the next four months. and previous
'ehartering arrangements have been
changed. to conform to, this. Conse-
Cuba will be small from now on. IN
less large fresh business on cost and
freight basis is done,
1t is not altogether positive fact
that foreign purchases of raWs from
this. side VIII have ceased for the sea
son. although recently there has been
very. little demand from abroad. due
principally to the disturbed eoHdi-
ton. of thes market. on the other
hand, refined business for export has
been going on to a small extent
Under the conditions that have pre-
vailed here during the past fortnight,
it is quite natural that every sugar
consumer should be closely watching
the course Of the raw sugar market
and withhold purchasing orders until
more stability is shown, thus insuring
him agaipstla further decline in raws
and, 0nseduenfly. in refined. Unless
consumption during the next four
months Is very much reduced from
what It was ID previous years, once
the raw market becomes firmer. a
larger demand for refined should set
In.
Trading h sugar futures on the