Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-11-15
.REFINERS WILL
PROBABLY HAVE
TO PAY Higher
Movers & CaIlaghan's Latest
Report Gives Review of
Sugar Market
IA Ncrers 4 Callaghan. g.s Wall
Street, New York Il.

I tF,rom Nerers 4 "CalIaghan. g.s Wall
4 +. street, New York;
+. NEW YORK. ~ y, Nov "a lull
in the demand for refined sugar
( when caused refinerS. to become less
anxious as BUYERS Ct raws. brought
. about during the early art of the
week an easier tendency and on very
. limited transactions the prices of Gu
! has rcceded TO 51=2c basis IS degrees
. c. 4; f. tf.52cl and subsequently, TO
f9 i-!Gc basis 96 degrees c. & (. 10. 461.
/ showing a net loss of Bloc from the
higA. iisei esta bEshed last week At
the same time. the best price obtain.
able for. full duty-paying sugars was
-pl-Sc basis 90 degrees {. t. f. 16.2Sc)
and some 220o tons Perus and Brazils
in port and due about the middle of
November sold at this price. The de-
: cline proved to be of short duration.
however, as when the 57-lGc basis
80. degrees c. K t. level for Cubas
was reached. some speculative buy
ing was attracted, which quickly re-
stored the confidence of the holders
OF the small stocks remaining unsoId
here and in Cuba and the market
once more assumed a firmer aspect
sellers then raised their ideas to ) 5-Se
OASIS 90 degrees c. q f. (6.65cD for
Cubas and bids of Lie less failed to
secure any sugar. Some 2S00 tons of
st. CrQiX for immediate clearance sold
to a, Philadelphia refiner at 3-16c
basis 90 degrees C. & f. l6.47c). The
market closes firm with very light
offerings and with refiners showing
rather more interest. Should any i'm
portant demand for refined appear.
either from domestic or foreign buy.
ers, refiners would find it necessary
10 pay advancing prices in order to
secure requisite supplies of raws.
NO transactions in New Crop Gu
bas have been reported this week, as
in the absence of export refined or
ders, refiners have not been DISPOSED
to contract for distant supplies of
raws. January shipments in combina.
ton with February shipments have
been on offer throughout the week at
4 I-2c basis SO degrees C. & f., with in |
dications that sellers would shade this
price slightly. Late February-March |
shipments have been on offer at 4 3-Sc |
basis SO degrees c. & f. 1t is report. |
ed from London that large tenders of
Cubas for January February- March
shipments have been made to the Brit
lsh Sugar Commission by large Cuban
planters at &C f.. o. b. Cuba, but no
business has been consummated thus
far. a.. =@
The weekly cable on Tuesday from
Cuba reported no centrals grinding
and exports of 40,946 tons to u. S. At
antic ports; and 6670 tons to Europe.
The stock at shipping ports has been
'educed to 143, 104 tons, as compared
% $4,000 tons and $4,000 tons at the
dates in 1915 and 1914
respectively Heavy rains have been
experienced in some sections. Messrs.
N1llett & Gray report the receipts
It L. S. Atlantic ports for the week
ending November l, as 34,38S tons
nd MEETINGS for the same period as +
5000 tons, thereby reducing the stock
n all hands to 51,040 tons, as COM
jared to 10000 tons and 5000 tons
I the corresponding dates in 1915 and
ga, respectively.
1he demand for refined sugar from
ne domestic trade has been decidedly {
mall and no foreign orders of inn :
ortance have been booked. A read
lstment OF prices made during the
eek brought quotations to the basis !
7.5Oc less 3 per cent, quoted by
II local refiners except the Federal
. X. Co., who quote 7.60c less 3 per |
ent for New York city delivery and |
75c less 2 per cent to other points. |