Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-11-06
Dull AS
CUBAN DEALERS
HOLD Up SUGAR
icy MEYERS & eALLAeHAn)


NEW YORK, Oct. 19.-There have
been no sales of sugar reported during
this week. Market conditions con.
tlnued unchanged, the lack of business
being due to the refusal of the Clban
holders to accept the sac. basis 90
deg. c. & f. price for the balance of
their. holding. The food administra.
ton is opposed to buyers paying above
this price and in consequence business
is restricted, 1t is possible that some
few small parcels of Cubas may have
been privately taken by local refiners
during the week, with government per.
mission, at SIC. basis SO deg. c. & I.
but details of such sales, if made, are
not obtainable. Although Canadian re-
finers previously had been buying
privately small quantities of Cubas
and full-duty paying sugars, with gov.
eminent permission, at the equivalent
of 5Bc. basis So deg. C. & f., these re-
finers during this week have remained
withdrawn from the market complete
ly and have made no efforts towards
doing further business. Refiners'
stocks of raw sugars are almost en-
tirely depleted and even should Cuba
finally decidesto accept SIC. basis Sc
deg. c.. & +. price for the balance of
their holdings, this will hardly relieve
the shortage in sugar supplies which
is bound to occur in the eastern terri
tory of the United States during the
latter part of October and the month
of November The beet sugar fac.
tories in the western states are rapid
ly coming into action and their out
put, combined with the supplies from
Hawaii, will in short time take care
of the requirements in the territory
covering the western half of the Unit
ed States. AS the production in this
territory increases the surplus sup
plies from these sources together
with the supplies that will be derived
from the beet factories operating in
Michigan and Ohio will gradually ex-
tend eastward. It is anticipated that
beet sugar will reach the Atlantic sea.
board points by the end of Noyem.
Der Until that time there will I'M
doubtedly be a shortage "f supplies in
the eastern territory. In fact the
shortage in supplies is already being
keenly felt as eastern refiners are at
present very materially restricting
their sales of refined sugar to the
trade. ." "..
Today refiners received the follow
| ing telegram from Mr. George NJ
Rolph of the United States food admin
! istration: <s@
Eve consider. it essential to reduce
consistently sales sugar to confeetion
ers. Production candy must be reduc
ed in order to provide household and
allied food needs. This request applies
to manufacturers of gums, cOrdials
syrups and all luxuries. Manufacturers
of food products should have prefer.
ence, condensed milk factories com
ing first" .:.-s.... IT.
Refiners prices have continued un'
changed during this week with the
Federal Sugar Refining Co. and War.
ner Sugar Refining Co. completely
withdrawn from the market, while the
American Sugar Refining Co. B. H.
Howell, Son & Co. and Arbuckle Bros.
have been accepting very limited bust
ness at S.35c. less 2 per cent. Arbuc-
kle Bros. have closed down for some
time and their remaining supplies have
almost been completely exhausted.
This will leave only the American
Sugar Refining Co. and B. H. Howell,
Son & Co. with any sugar for sale
and their supplies will be extremely
limited for some time to come.