Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-01-07
PORTO RICO WAS
OFFERING SUGAR
AT CONCESSION
Last of Hawaiian Old Crop Ar
rival Reported in Wiliett &
Gray of December %

That Porto Rico offerings OF sugars
at a concession from the regular price
were the features of the market during
the week Just before the Christmas
HOLIDAYS, is the view Of Willett &
Gray's of December 20. Their market
letter of that date follows, in part
RaWs. Ill. y,.-.. ~ .'~>. i. ....
1.-The week under review has gener-
ally been quiet. The market quota,
ton for nearby positions, however, has
shown an advance OF Is of cent on
a sale OF about 1000 tons to operators
at 3 7-8c C. & (. C469c). This price
was also paid by Federal and Warner
for two small lots in port. Other than
this business there was practically
nothing done, only one other sale be-
ing reported of December shipment at
4.83c to operators. Owing TO the adj
vance in nearby valves. holders or
sugars for distant shipments also in
creased their views, and at one time
during the week early January was
held at 3 3-4e c. &. f.. C477c) and all
January at 3 5-Sc c. & f. (464c), but
as we go to press holders have re-
dueed their views, and it is now pos
sible to buy early January at 8 5-Sc
c. & f. (4.64e) and all January at
3 Lee c. & (. (45lc). February was
offered during the week at 3 7-l6c c.
& t. 14.45c) and later sold at lac
C. 4 {. (4.26cl. p. I'll .E.
THE feature of the week has been
the increased offerings of Porto Rico
sugars, and these sugars can be
bought at a concession from Cubas
sugars for arrival about the middle Of
January being obtainable at 464c, and
1t was thought that If refiners showed
any interest at this figure, that early
the same price. .<<.. ~:
AS we go to press some 81 900 bags
prompt Porto RicOS sold at Aisle.
THE last of the Hawaiian sugars Of
the old crop have now arrived, and
there are no afioats at the present
time from Hawaii, although it is ex-
pected that about the end of next
week a cargo of new crop will be
afloat to the east coast of the United
States and will be settled for under
the new contracts, and will be deliy-
cred either to Howell or Pennsylvania
Cuba. .%
Receipts of new crop sugars for
the week ending December 18th were
1858 tons, against 5000 tons for cor
responding week last year and $4,000
tons in 1918. New crop exports 1920
tons and old crop exports 1859 tons;
together 9S79 tons; all to United
States Atlantic ports New crop stock
is 1887 tons and old crop stock is re-
duced to Sal tons. Late on Deem
Der goth there were IS Centrais grind
ing, against A, SO and "a, respectively,
at corresponding dates in the three
preceding years. Latest advices re-
port 81 Centrals grinding, with con-
tinued favorable weather. There are
10 new Centrals that are expected to
be completed for grinding this cam.
paign, making total of 1877 Centrals
to work this crop.
Refined. .......- r.. -.
las we went to press last week it
was possible to buy some small lots
from the Federal at 6.00c from ware
houses and consignment points This
appeared to unsettle the market some
what, as on Friday two Philadelphia
refiners, the McCahan and Pennsyl-
vania, reduced their selling basis to
$3.50, and shortly after, this cut in
prices was met by American, Howell
and Arbuckle Federal and Warner
state that they are practically with.
drawn from the market These con-
ditions govern to the close.
Business generally has been very |
moderate. Delays in shipments have
improved somewhat in instances, par
ticularly with Howell. who state that |
they should be able to ship promptly |
within few days. American is about |
q week behind. Arbuckle prompt.
Export quotations are 1900, net |
cash, In bond, T. o. b. New York, for |
prompt shipment in moderate size lots |
only Efforts were made during the |
week to obtain a cargo of January |
shipment Granulated at 4.50c, but so |
far as We can learn no business re-
suited" -. ...