Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-01-06
few DEALINGS
in SUGARS AT
LOWEST LEVEL
Actual Business Done During
December Decline Small in
Volume, Says Rionda


Cuban sellers would not sacrifice
their holdings at the temporary low
prices prevailing for sugars during
the week prior to December IL. &C,
cording TO the market letter issued on
that date by the CZarnikow Rionda
Company Of liz Wall Street, which
follows
The easier tendency which deyel
oped last week and carried the spot
quotation down TO 1880, basis SO deg.
on small sale Of immediate ship
ment Cubas at 3.S75c c. f. on 10th, was
only OF short duration, for ngtWith.
standing almost daily reductions in
limits, at no time had offers accumH-
lated to any extent, so that actual
business done on the decline was Of
only comparatively small volume.
This reluctance on the part Of Gu
ban sellers to sacrifice their holdings
is evident from reported sales on 18th
comprising only moderate quantities
OF prompt clearance at 3,69c C. r
t4.70c), December loading at 3625c
C. I. (4.64cD and January shipment at
3.375c c. (. (4.39c), operators on fol
lowing day having 10 pay SAC c. f.
t4.45c) for a cargo Of firsthalf Jan
uary clearance. For the remaining
$500 bags stored at New York 4.S9c
delivered was paid on 18th, subse
quent limited transactions in Decem-
Der clearance being at 3.75c c. f.
(4.77c), on which the sDot quota
ton shows net decline of l2c per
Id. for the week. Total reported sales
aggregate only 1900 tons Cubas and
500 tons Surinams, in which operators
participated to a larger extent than
refners. The latter are not at pres.
ent showing much desire to provide
for future requirements, owing to an
ticipations on the part of several in
New York to shortly close down for
the annual overhauling of their plants
Stocks Down to Nothing.
Stocks in the hands of importers at
United States Atlantic ports are now
Nil, as against 44.775 tons last year
and combined stocks in United States
and Cuba about 100000 tons below
those at corresponding date a year
ago, situation which, in view of the |
heavier impending demands from for |
eign sources for Cuban sugars of the |
early production, makes it quite logi |
Cal tnat our market should rule as |
strong as 1t does at this time.
The number of estates now grind. |
ing In Cuba is given as A, compared |
with 20 and II at corresponding date |
In 1914 and 1913, respectively, but de. |
spite the larger production anticipated |
Tor the current month, as compared |
with the 54,676 tons made to end of /
december last year, a great many
planters are encountering consider. |
able difficulty in fulfilling their con
tracts for shipment this month. II is
estimated that 100000 tons of the
islands December output will be
shipped to Europe, and judging from
the number of steamers already de- |.
clared by United Kingdom and France
against purchases on (. o. b. terms. If
seems very likely that additional
10000 tons Cubas will 60 to the same
destinations during first-haIf of Jan.
nary. 1916. All of which tends to con
1rm the belief that no accumulation
~ stocks In Cuba is apt to occur. al
east during the first two months of
he campaign.
There has been considerable for.
sign inquiry during the past week for
.anuary-February shipment United
states refined sugars, but so far no
business has been reported"