Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-06-13
n. !. SUGARMAR1
CONTINUESDULL
Especial Correspondence Nevcrs &
CaIlaghan, 50 Wall Street,

Especial Correspondence NevCrs &
CaIlaghan, So Wall Street,
NEW YORK, n. Y. June 1.-The
Market has continued dull and mac
tive during this week, and operations
have been 30 limited that price
changes are some% hat irregular as
compared with last weeks close.
Sales during the week OF Cubas in near
by positions to reIiners at AS /16c
basis &C. eff show no change as
compared with prices paid for Cubas
in these positions during the previous
week, while sales Of Cubas for June
shipment at sc to Operators indicate
1/16c advance this week for Cuba8 in
forward positions. Moderate sales Of
Porto Ricos afloat and for prompt
shipment during the week to reftners
at $500 basis So. elf marks a decline
OF .13c on these sugars as compared
with previous sales made last week.
Although the market during the week
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 he
more confident in 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. for Cubas
nearby as we'll as in forward positions
Following small transactions, how
ever, to Operators at sc basis 90
c,&f. Cor Cubas for second half June
shipment, holders became ffrmer in
their views, and although 4-15/16c
basis go c.&f. was accepted for few
small parcels of nearby Cubas, NO
further business resulted even though
1t was understood that there were
further buyers for prompt Cubas at
415I16c, and for Cubas in forward
positions at sc basis 90 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 5-1/16c
basis go c.&f, and holders Of a few
scattered parcels Of Porto Ricos ask
ing 6.02c basis 90 elf. with probable
buyers for the Cubas at 4-7/Sc to SC
basis 90 c.&f. and for the Porto Ricos
at $3.50 basis go ci.:.
The announcemer. during the week
of the decision reached by the senate
committee on finance at Washington
to eliminate from the proposed war
revenue act the additional lC% ad va
loren duty on sugar as suggested by
the original bill, and to substitute in
place thereof an excise tax Of 12c 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 90 fob. Cuba. So
far as reported they have only been
successful In obtaining very limited
quantities at this basis during the
week. H. =.
Refiners quotations for granulated
have remained unchanged. The Am
ertcan 8. R. Co. still quote 7.50c less
2fc, but continue restricting business.
The National s. r. Co. and Arbuckle
IS. r. Co. quote Sc less 2Fc, while the
Warner s.. r. Co. and the Federal s.
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 I50s less ~. there is no spe-
cial inquiry al the SC less ~ basis A
fair business is being done by refiners
for export to countries other than Eng.
land at prices around 6.75c to 6.9Oc
net cash, fob. in bond.