Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-02-28
IN
SUGAR MARKET Is
Limiting TRADE
Diplomatic Situation and la
Dor Troubles Make Buyers
Feel Hesitation
Especial Correspondence Neyers 4
Callaghan. 80 Wall Street,

Callaghan. w wall street,
NEW YORK, NJ. Y. Feb Al
though the recent complications In the
International political situation have
not materially affected sugar prices.
still the severance OF diplomatic re
lations between the United States and
Germany, coupled with labor strikes
in local and outport refineries, have
produced a condition of uncertainty
In the sugar market which has tended
to greatly limit the business. Partly
due to these conditions. as well as to
ether combinations OF circumstances
diversified according to the location
of the couatry producing the sugar.
offerings from principal sources have
been rather limited during this week.
the sales OF about $4,000 bags OF
Cubas In the February and March
positions to refiners at the level pre-
vailing at the close Of last week.
13.1Gc basis Sc degrees c. q E.. and
of $4,000 bags of Cubas for February
shipment which were subsequently
sold to operators at f.l6c advance.
7-Sc basis 90 degrees C. & T.. having
cleared the market OF all offerings OF
Cubas for either February or Marcel,
shipment at these levels. Following
these transactions. only very limited
quantities OF Cubas appeared at &c
basis SO degrees c. & f., which were
accepted by a local refiner near the
close OF the week, the business at this
latter price amounting to about 35.00Q
bags Of Cubas for prompt and Feb
ruary shipment. when the market be-
came temporarily bare Of offerings OF
prompt shipment Cubas at any price.
Moderate quantities for March and
April shipment are on offer az the
close at basis So degrees c. & +
The only parcels of full duty paying
sugars that appeared on the marked
during the week were 5000 bags Of
venezuelas afloat that sold to q local
refiner at 3 3-4c basis 96 degrees G.
Fl. &, and small quantity OF san Do
mingos that at the close OF the week
sold to local and Canadian refiners q
3 Use basis SO degrees c. |. Z
The offerings OF Porto Ricos, how.
ever. have been proportionately more
liberal. about 100000 bags of these
sugars for prompt and February ship
ment having been sold during the
week at 484c and f.7fc basis s. de-
gress E. l. I. to local and cntport re-
| finers.
The weekly cable from Cuba on
February 6 reported 176 centrnls
grinding and total receipts Of 1z1,zQ0
tons. as compared TO Ia centrals ana
I33.530 tons receipts at the CORE
spending date last year The exports
! amounted TO 37.lS6 tons to U. 3. A.
Iantfc ports, 1885 tons to New Or.
leans and 1872 tons to Europe. The
visible stock. In Cubas amounts 70
198, TS1 tons. as compared to z5f.5b5
tons and 165, 900 tons In 1915.
/ Refiners prices for graduated are
unchanged at Csc less 2 per cent
Local refiners are somewhat hanp-
cred in deliveries due to labor strikes
and the labor troubles that developed
during the week at Philadelphia re-
fineries, resulting IN the transfer Or
| some refined business from this quar-
ter to our local plants, has further
| tended to increase the delay In de-
( Iiveries. The domestic demand cor
tinues good for Immediate require
n1ents and while the foreign inquiry
has been fair. refiners are reluctant
sellers OF additional refined for ex.
port for February and March ship
ment. their commitments for export
for these positions being already large
considering the strike conditions now
affecting three Philadelphia and two
/ New York refineries.
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