Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-04-26
SUGAR in STOCK
ISDOUBLE that
OF ONE YEAR AGO
Special correspondence, CzaTnikCN
Company. ll2 Wall Street,
NEW NnDk -,

company, liz Wall street
NEW YORK, y. Y, April The
market mas JntilcGl firm uUI "In
Tefiners disinclined to follow the ad-
vance, as evidenced by the mucn
greater participation OF operators than
re timers in the transactions reported
during the four business days Of this
week, The former buyers took afloat
and April shipment Cubas at 4.S5c {.
(. C5.S9Cl to &C c. T. -t6.02Cl, while re-
timers showed a disposition to pay the
latter figures only for May saipmen,,
the few parcels available Ill that posi-.
ton being promptly snapped up at
that level. Porto Rico contributed
about $500 tons Tor prompt and April
shipment, the last sale. on Sd inst. De
ing at $500, delivered New York,
which is the highest price obtained
for those sugars thus far this year.
Total sales OF Cuba sugars, recorded
between March 50 and April 4, amount
er to about $4,000 tons, on which the
spot quotation rose .U7c per 10 to
$500, basis 90 Added strength has
been impaired to the close by the i y
pearanCe today of refiners as buyers
OF all the sugars available at DC c. f..
: t6.02c), and on an aggregate business,
estimated at 4Q-j0,U0J bags. the spot
quotation was advanced further .Ufc
per ID. at 6e2c, basis So, making IL
.l3c per ID. higher than last week.
Later in the day the Federal Sugar
Refining Co was reported to haI e pa ii
the yet higher price OF 5.03c C. f.
(6.05Cl for 10000 bags Cubas of sec.
ond-half April shipment
With receipts this week Of only
4S,033 tons against MEETINGS OF 64,0Uu
tons, total stocks at the three Allan
tic ports have been reduced ABOUT
5000 tons to 2S7,9l6, as cOmpa"a1
with 104,9 tons a year ago. OF
these receipts Cuba contributed 81, 40
tons, but owing to the limited ldaati-y
now pending shipment against out.
standing contracts with United States
refiners for April shipment, future re-
Ceipts from the island must neces-
sarily show falling off until Some
large purchases are made by refiners
here. On the other hand it is esti-
mated that about 100000 tons sugar
will be drawn from Cuba this month
to complete the unfinished Malcn p0r-
ton as we'll as the April shipment
portion of outstanding contracts for
export abroad. Consequently with
that amount already sold and pending
delivery, in conjunction with the
quantity that must OF necessity be
purchased by our refiners, no ind re
selling pressure can be expected TO
emanate from the island, particularly
in view of the fact that sellers limit
their offerings to only such sugars as
they have chartered freight room for,
and are refraining from putting for
ward May and later positions because
OF the uncertainty regarding tonnage
that might arise upon the declaration
OF war with Germany. -.
During the week there have been
further moderate transactions made in
refined sugars for export, and in Cuba
additional sales are reported at 4.60c
t. o. b., there being now more buyers,
but no sellers thereat in the island
Although rains have. been recently re-
ported from various districts, on the
whole, the weather in Cuba has con-
tinued favorable for grinding, but the
output of the plantations in general
has not been sufficiently large to off.
set the loss in production resulting
from the recent political disturbances,
and In many instances the daily work
is much below normal IN this con.
nection it is interesting to note that
of the two Centrals in the eastern sec.
ton Of the island that this week con
ciuded operations for the current cam.
paign, one made only $4,000 bags
sugar, against an original estimate of
215, 900 bags, and the other $4,000 bags,
against 100000 bags estimated, the
combined output of the two being less
than one-quarter of the quantity ex-
pected from them.