Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-03-01
CUBA'SIR)lJBLES
PUTsUP PRICES
Especial Correspondence from Neyers
& Callaghan, 80 Wall Street,
New York; -.

NEW YORK, n. Y, Feb. EI6.-The
sugar market during this week has, on
very limited business and without any
sales at intermediate prices, witnessed
q rather remarkable advance in Gu
has from &c basis So degrees c. & T.,
paid very early in the week for Cubas
in nearby positions, to 3-Sc basis SO
degrees c. & f.spah for Cubas both in
the February and March positions at
the close. Following moderate bust.
ness in Cubas at &c basis So degrees
{. & T. for prompt and February ship.
ment TO retiners and operators at the
beginning of this week, the market
suddenly developed unexpected
strength at the opening after the Linz
coin Day holidays. due to the report
Of political disturbances in Cuba.
These disturbances had the immedi-
ate effect of causing Cuban holders,
who were already offering sparingly,
to withdraw from the market alto
gether and in consequence, when the
domestic trade became alarmed and
began placing orders for refined, re.
fincrs rapidly advanced their buying
ideas for Cubas, and on competition
Offered by exchange operators seeking
to buy raws to cover against a sharp
advance in optioI prices, 4 3-Sc basis
g6 degrees c. & f.Vas realized for Gu
bas for February and March ship
ments. However, the business at 4 Csc
basis So degrees c. & {. only included
about 10000 to so 900 bags, the sales
being principally to operators. Some
few parcels Of Cubas then appeared
at { l.2c basis 96 degrees c. 4 I. for
February and March shipments but
were subsequently Withdrawn when
buyers began to show interest at this
price. AS the week closes there are
limited quantities of Cubas offered
at SIC to 43-4c basis SO degrees c.
& I. for February and March ship
ments with the market looking up.
wards.
Porto Ricos have shown an advance
of SOC to s.2s7s basis SO degrees c. I. f.,
as compared with ATTIC basis sc. de.
grees c. /. 4. paid for Porto Ricos for
shipment to oatports at the close of
last week The offerings of Porto Ri,
cos during this week have been more
liberal proportionakely as compared
with offerings of da6as. and while the
fefiners who are the principal buyers
at Porto Ricos are still not in the po-
sition to use, these sugars to adyan'
tage, partly. on account OF strike condi-
tons and partly on account Of their
TO- export, yet operators
have bought a few pal GELS OF these
sugars during the week on "a gradual.
" advancing scale, until 5.21c basis
90 degrees c. l. I. was paid by an OPP
orator for one small parcel Of Porto
Ricos due next week. Following this
transaction a .efiner entered the mar
ket for Porto Ricos and accepted
90 .006 to 10000 hays fol- February and
nearly March shipment at 5.227c basis
SO degrees c. l. T., clearing the market
Of all offerings at this basis and only
leaving a few small parcels offering
al $3.50 basis 9s degrees c. l. f. ~
The weekly cable from Cuba on
Tuesday reported 1872 centrals grind
ing and receiDsS Of. 1.494 tons. as
compared with 10 centrals 1880
tons at the corresponding date last
year. The. expoIts amounted to S.
r.. tnna, rs agaln1I 81 100 tom. in 1915
The visible Stoek Ia Cuba amounts to
. r.. .Fa