Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-07-25
BRITISH Buying
CUBAS HEAVILY
(By Nevers & Callaghan.)


NEW YORK, July 13.-At the open.
ing of this week the market ruled
steady with buyers for store or ship
ment Cubas at the basis of SIS 16C
basis 90 c.&f 1880 and with 1I16c
higher obtainable for outport priv
1eges. Cuban holders, however, re-
fused to sell freely ct these Prices as
the British commission was indicating
q willingness to continue buying July
and August shipment Cubas at sc
basis go fob. Following some lin
tied transa ctions in store and prompt
shipment Cubas on the basis Of 5-5/1Gc
basis go c.&f. the market developed
decidedly firmer tendency and whCl,
several local retiners became free
buyers of prompt shipment Cubas thew
found 1t necessary TO pay steadily ad-
vancing prices in order to secure
requisite quantities out the selling
did not reach large proportions until
SIC basis go c.Gf. was reached. At
this level the transactions in CubdI
from store and for July, August ana
September shipment totaIed about
| 100000 bags, but as previously proved
| to be the case whom this price was
reached, more sellers than buyers ap,
peared thereat, and the advance was
checked. At the close there is still
moderate quantity Of Cubas avail
able on the basis of SIC basis 50
c&f. without finding buyers.
| Throughout the week moderate
sales of Porto Ricos we're made on a
gradually advancing scale from $3.50
up to 6.39c basis 96o elf as is noted
below. All the full-duty paying sugav5
Which appeared for sale at 81 4c basl5
go elf. found ready buyers on this
basis, principally among Canadian re-
finers.
The British commission continued,
| during the early part Of the week
buying Cubas at sc basis o. fob. for
July august shipment, but after taking
| some 10000 $4,000 tons declined 70
take some further quantities which
were offered at this price. 1t was re-
| ported that the commission had bought
large quantity of Javas, variously
! estimated at from 100000 to 200, OOC
! tons, at price believed to be equiva
lent to about &c fob. Java. No
! official confirmation of this transac-
! ton has been forthcoming, but it IS
! QQuite generally believed that a con-
! siderable quantity of Javas were pur-
! chased by the commission, as Other
wise the United Kingdom would have
| to draw on Cuba to such an extent as
to leave comparatively little Of the
remainder of the Cuban crop available
| for United States needs That the
Dirt cI T,oie
! ing for supplies in greater proportion
! en- Cuba than on Java is evident from
| the numerous Inquiries being made liz
| this market by Java shippers. and it
seems quite possible that some of the
! latter sugars will find their way to
! United States markets during the
! coming autumn. provided freight room
: Is rhtainable Bids on Javas for
. Jlny August shipment tprobably Octo-
! BE- arrival at 470C q S475c basis
81 c.&t. are now being solicited in
this market
Some further moderate transactions
in refined for export have been made
| during the week amounting to PROB
ably 10000 tons at prices in the neigh
borhood of &c in bond. The domestic
business has not been large. as rein.
ers refuse to sell freely at SOC less
? . and there is very little business in
evidence at over this price. The Am
erican S. R. Co. still quote 7.50c less
PC but restrict the business which
they will take at this price Arbucklc
Bros. quote Use !ess ? and the
Federal S. r. Co. and Warner S. K.
| Co. quote &c less "tt
| David F. Houston. il. son Of the