Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-03-01
CUBA'STR0QBLES
PUTsllPPRICES
Especial Correspondence from Neyers
&sCallaghan 81 wall Street;

Q - = =
NEW YORK, n, Y. Feb. I6.-Fhe
sugar market during this week has, on
very limited business and without any
sales ut 3Atermediste prices, witnessed
ka rather remarkable Advance IN Gu,
has FROM &C basis SO degrees c. e T.,
paid very early In the week for Cubas
In nearby positions, % 1850 basis SO
degrees c. 4 4 paid for Cubas both in
the February and March positions at
the close. Following moderate bust
ness In Cubas at 4c basis S6 degrees
G.. 4 4. for prompt and February ship
ment To refiners and operators at the
beginning OF this week, the market
suddenly developed unexpected
strength at the opening after the Lin
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 sparingfy,
to withdraw from the market alto.
gether and in consequence, when the
domestic trade became alarmed and
began placing orders for refined, re.
timers rapidly advanced their buying
ideas for Cubas, and on competition
offered by exchange operators seeking
10 buy raws TO cover against q sharp
advance In options prices, 3-Sc basis
Sc degrees G. & I. was realized for Gu
has for February and March ship
ments. However, the business at 1850
basis So degrees C. & I. only included
about 10000 to $4,000 bags, the sales
being principally TO operators. Some
few parcels Of Cubas then appeared
at lie basis SO degrees c. & {. 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were, subsequently withdrawn when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 5-Sc TO SAC basis SO degrees c.,
& (. for February and March ship
ments with the market looking up.
wards.
Porto Ricos have shown an advance
OF SOC to ss.cc75c basis Sc degrees c. 1. T.,
as compared with Alto basis So de.
grees o. s. +. paid for Porto Ricos for
shipment to outports at the close OF
last week. The offerings of Porto Ri
eos during this week have been more
liberal proportionately as compared
with offerings of Cubas. and while the
refiners who are the principal buyers
at Porto Ricos are still not In the po-
sition to use these sugars to advan.
.tage, partly on account of strike condi.
tons and partly OH account OF their
commitments 70. export. yet operators
have bought n few parcels OF these
sugars during the week on gradual
~ advancing scale, until 5.27c basis
Sc degrees c. l.. {. was paid by an OPP
orator for one small parcel of Porto
Rieos due next week. Following this
transaction a -efiner entered the mar
ket for Porto Ricos and accepted
81, 000 to $4,000 bags for February and
nearly March Shipment at 5.27c basis
Sc degrees c. l. T., clearing the market
OF all offerings at this basis and only
leaving a few small parcels offering
at $3.50 basis 90 degrees c. j. l.
The weekly cable from Cuba on
Tuesday reported lse centraIs grind
ing and receip,s of III, 4s4 tons, as
compared with 10 centrals l27 500.
tons at the corresponding date last
year. The exports amounted To S.
227 tons, as against 4,70e tons in 1916.
The visible stock in Cuba amounts to