Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-08-22
tBy Nevers l. Callahan

~ W CANLNF a. .. $AAGHSAo'4 ~
basis 90 { ana Z. wGS paid by locai
Icliner a; tho CtOse OF las. week Tor
one small paEuC. II Cu0as for INST
/ nah OF August shipment, yet the mar,
bet was me- firnIy esta Olishea at tins
.t.cI Tor Cu1es until tle early part
u Ills wCCk, When Tefilers generally
cLteTCC the market ana accepted lW go
~, pea bags OF Cubas for prompt and
August Shipment al DC basis 90 G. and
I. and cleared the market OF all Offer
ings Of Cubas at this price. Their pur,
! chases also included about 35-4U-rUU
! bags OF Porto Rico and st. Croix Cen
( trltugals for August-September ship
{ rnent al 102C basis So c. l. T., which
! also CT JARED the market of offerings OF
Donduty paying sugars at this price,
and established an advance Of .2Sc as
compared with previously reported
sales OF these sugars. Following these
transactions the market became some
what quieter, not alone because of the
scarcity OF the offerings which were
held at higher levels, but also on &C.
count OF the temporary apathy Of re-
timers. The above purchases COM
bined with previous recent buying OF
reftners had placed them in a some
what more Independent position, and
finding their operations both on the
water front and in their rellnerIes In
terefered with by the scarcity Of labor
because OF the excessive hot weather
that was prevailing, they were inclined
to hold off from further buying at the
moment. However, holders were firm
and patient, and as the demand for re.
fined, both for domestic and export
purposes continued brisk, refiners
soon found II necessary to again enter
the market for further raw supplies.
Following a sale of $4,000 bags OF
Cubas for August shipment to an
operator at 1.16c basis 90 c. and f.,
refined paid 6kc basis 96o and f. in
order to secure 50/60,000 bags of Gu
bas for August and early September
shipment, which established new high
record prices, and cleared the market
Of offerings at this level. At the close
of the week refiners again found it
necessary to raise their ideas, and
sales of Cubas for August shipment
have been made at &C basis &C. c.
and I. to the extent Of 50/6 900 bags.
Even at this new high record level
Cubas show no disposition 10 sell free
ly, and il would appear that prices
may go higher as probably not more
than 300f350, 900 tons Of the Cuban
crop remains unsold, and Of this guam
tity close to 10000 tons have not yet
been manufactured Following the
business early in the week Of non-duty
paying sugars at 7!02c basis 90 c. l. (.
the market continued, almost bare Of
offerings for the remainder of the
week Of any Of these sugars. During |
the week Canadian buyers continued
showing interest in the market, their |
purchases being principally confined
TO few scattered parcels Of full dutJ |
paying sugars for which SIC basis &C.
C. 1. (. was paid early in the week and |
&c basis go, in bond, C. /. (. was paid !
near the close Of the week. Later |
local refiner paid Lice basis 90 c.
l. (. for one small parcel of full duty |
paying sugar for September arrival
The advancing trend of the raw mar.
ket compelled refiners to advance tue
price on refined sugar during this
week. At the opening of the week the
American 8. r. Co. advanced refined
Is points to Zoo less 2 per cent and
Howell rs points to Sc less per cent.
Later the American s. r. Co. ad-
vanced an additional Is points to S15c
and Howell an additional Is points
both to SIS less per cent The Fed
eral s. R.. Co. and Arbuckle Bros. re-
manned unchanged throughout the
week at $500 less per cent. The
Federal s. r. Co. later in the week
withdrew from the market and Warner
S. r. Co. continued withdrawn
the week. While the de.
mand for refined sugar both from the
domestic trade and for export has
been good, It was difficult to obtain
sugars even at prices quoted by re:
finers as those refiners who continue
in the market are materially restrict