Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-06-13
N. !. SUGAR MART
CONTIN(JESDULL
Especial Correspondence Nevers &
Callahan, 50 Wau Street


CallagAaR, 50 Wah Street.
NEW YORK. n. Y. June 1.-The
Market has continued dull and mac
tive during this week, and operations
have been so limited that price
changes are someE bat irregular as
compared With last weeks close.
Sales during the week Of Cubas in nea--
by positions to Teiiners at 4-l5 /lGc
basis 90 c.&f. show no change as
compared with prices paid for Cuhas
in these positions during the previous
week, while sales Of Cubas for June
shipment at sc to Operators indicate
1I16c advance this week for Cubas in
forward positions. Moderate sales OF.
Porto Ricos afloat and for prompt
shipment during the week to refiEers
at $3.50 basis So. elf. marks decline
Of 13c on these sugars as compared
with previous sales made last week.
Although the market during the WceH
has displayed no special trend neither
buyers nor sellers showing any pro
nounced desire TO operate, yet It might
be said that holders appear to ne
more confident II their position. At
the close of last week holders of Gu
has were offering in a moderate way
at 4-15/16c basis go c&f fer Cubas
nearby as we'll as in forward positions.
Following ANAL transactions, how
ever, to Operators at sc basis 96 ;
c.&f. Cor Cubas for second half June
shipment, holders became firmer in
their views, and although 4-15/1Gc
basis go c.&t was accepted for few
small parcels Of nearby Cubas, no
further business resulted even though
it was understood that there were
further buyers for prompt Cubas at
4-15/l6c, and for CubaS in forward
positions az sc basis go c.&f. At the
close the tone Of the market is rather
firm with holders of Cubas for prompt
and June shipment asking sc to 6-1/16c
basis go c.&f., an1 holders Of few
scattered parcels Of Porto Ricos ask
ing 6.02c basis &C. elf. with probable
buyers for the Cubas at 4-7/Se to &c
basis GO c.&f. and for the Porto Rieos
at $500 basis 90 ci.c.
The announcement. during the week
of the decision reached by the senate
committee. on finance at Washington
10 eliminate from the proposed war
revenue act tho additional 1C% ad va
loren duty on sugar as suggested by
the original bill, and to substitute in
place thereof an excise tax OF 1ac a
pound ON sugar has had no appreci-
able influence on the market
The British commission has contin-
ued In the market quite steadily dur
ing the week for moderate quantities
OF Cubas for June and July shipment,
and are understood to be willing TO
pay 4.65c basis 96' fob. Cuba. So
far as reported they have only been
successful In obtaining very limited
quantities at this basis during the
week.
Refiners quotations for graduated
have remained unchanged. The AM
erican 8. r. Co. still quote 7.5oc less
go, but continue restricting business,
The National s. r. Co. and Arbuckle
s. .R. Co. quote Sc less 2P6, while the
Warner s., r. Co. and the Federal 8.
r. Co. are still practically withdrawn
from the market: The domestic dc,
mand has been rather light and al
though the trade. would be disposed
to place orders for fair quantities OF
refined at 7.5os less %, there 10 no spe-
cial inquiry at the Sc less ~ basis. A
fair business ID being done by refineTs
for export to countries other than Eng
land at prices around 6.75c to 6.S0c
net cash, fob, in bond.