Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-09-15
(By Willett & Cray

NEW YORK, n. Y, Aug. 30
Statistics BY Special Cables
Cuba. The entire island: Receipts,
Is. 1852 tons, against 1892 tons last
week, 1928 tons last year and 17,433
tons in 1915.
Exports, 1855 tons; stock, 291 ,545
tons, against last year 395, 100 tons.
Centrals grinding, estimated, IL;
against, estimated, IL last week, 3 last
year and 4 in 1915.
Stocks in the United States and Gu.
ba together of 41S,3S5 tons, against
SIS ,260 tons last week and SCI 1927 tons
last year, a decrease of 243,542 tons
from last year.
RaWs ....
As we went to press last week
prompt Cubas had been sold at CSC
c. & {, C7.40c). Sugars in this posi-
ton have been nominally unchanged
throughout the week until Wednesday,
when prompt sold at &C C. & I. G.02c),
reducing market quotations to this
basis.
Little if any prompt Cubas were Of
fered during the week until Wednes-
day when moderate quantities ap-
peared at csc c. & +. without interest
ing buyers
ON Monday, September shipments
Cub as declined, selling at &C c. & (.
C7.02c). 49,.
Tuesday and Wednesday sugars in
this position continued to be offered
at &c c. & I.
A small lot (1500 bags) of prompt
Porto Ricos sold on Tuesday at 7.02c,
against previous basis of 7.27c for
these sugars. On wednesday first
half September sold at 7.02c.
Full duty sugars were offered high
er early in the week at 6 s8-16c elf.
against previous sale at 3-32c elf.
On Monday, however, San Domingos
were sold at 5-32c elf. New York
to Canadian refiner, and Wednesday at
&c elf. ..-
Some odds and ends of Muscovados
and molasses sugars were sold to New
York refners, details as per sales col
umn.
Our latest cables from Cuba report
favorable weather conditions, general
rains having occurred.
AS we 60 to press the market is
quiet, with moderate offerings of Sep
TENDER at &c c. & Z.
Refined
Warner re-entered the market on
Monday on the basis Of $500 for
hards. This refner offered softs at
s.40c basis and later In the day at
S.25c Arbuckie also reduced his
quotation on Monday to S.50c for
hards and 8.25c for softs. Federal
offered to accept business on Tuesday
at 8.50c basis. Howell and American
have made no change during the
week, quoting S.5oc and s.40c, re-
spectfvely.
Some sugars from second hands are
offered at S.25c. ... -
In Philadelphia, the Pennsylvania
refinery reduced prices to $3.50 on
Monday. Il. ..>se.-
There is little demand for sugar,
buyers awaiting further developments.
Export demand Is also quiet. Sugars
are obtainable from second hands at
about 7.70c basis, net cash in bond.
Beet Sugar Manufacturers Agree.
ment With Food Administration
We print in this issue the full text
Of the food administrators announce
ment reporting the voluntary agree
ment reached between the food ad-
authorities and so per
cent of the U. S. beet sugar manufac-
turers at their conference in Washing
ton recently. It is understood the
price agreed upon for beet granu-
lated is 7.25c cane basis, fob. sea-
board refining ports. We understand
that beet will sell under cane granu-
lated, as usual. ....-=s.. -.
It would seem as II It would be i'm
possible to sell cane granulated at
around S.40c in competition with bset
at 7.25c or under when beets become
available, which will be in October.
Following this logic, it would be ma
tural to expect cane granulated prices
to ease off during the interim until
the 7.25c price is reached. To do |