Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-05-25
LESS SUGAR IS
Being Refined
Especial Correspondence CzarnikOw-
Rionda Co IL Mall Street

ESPECIAL Correspondence CzarnikOw.
Rionda Co. 1l2 Wall Street,
NEW YORK. " Y, May ia
somewhat unsettled market las ire
vailed during the week under review.
~ the opening Cuh2s in port and
aflHat were sod at j.Ic5C. CT (6l4Cl.
whilst sugars fer shii ment. partiCH-
laTly those with outport options. were
salable at $3.50. CT l6.27CD,
at which price a moderate business
was done in prompt positions AS d
result of the slight Pressure that
subsequently dcvelCped from Cuba
our refiners temporarily withdrew.
and thereby succeeded in securing
some small parcels at 5l9c, CT.
(6.21c). and at this level it has since
become rather difficult to make
further sales. New Orleans reftners
have been free buyers Of Cubas at
5.25c. CT (6.Z7cD, having secured
about 100000 bags for May-June ship
ment Porto niCans have continued
rather active sellers this week at
608c. to 6.14c eff New York and
620c to 6.@8c. elf with option OF
outport delivery. The total reported
transactions of the week comprise
about $4,000 tons Cubas and l2,0V0
tons Porto Ricos, on which the spot
quotation receded .06c per ID. to 6.2lc.,
basis 96'
Inquiry has continued for June de-
livery Cubas on fob. terms, and
some transactions are reported to
have been closed around 4.8Oc. to
4 .S5c., but owing to the slightly easier
tendency of our local market, Euro
pean buyers are now indicating only
Also. fob. for June sugars, a price
at which sellers, however, show no
disposition to operate.
Published figures Of estimated
MEETINGS Of refiners at the three At
lantic ports to 9th May this year are
202 900 tons less than those till same
date last year, and as the decrease
in exports during the same period is
only about $4,000 tons, it will be
seen that the domestic demand has
been satisfied thus far
with about $4,000 tons less sugar than
taken in the corresponding time a
year ago. 1t would therefore seem
that there is room for a sufficiently
active demand for the refined product
for some time ahead to at least keep
weekly MEETINGS at heir present level,
which would necessitate the use, in
round figures, Of say 100000 tons raw
per month. And with only moderate
provision as yet made by refiners for
their June requirements, it would
seem unreasonable to think that a
resumption of United States pur-
chases Of raws could be so long de-
rerred as to bring about any material
decline from prices now ruling. espec-
Ially if, as this years smaller figures
Of exports already mentioned would
indicate, there Is a mparatively
large demand for refined in prospect
from Europe.
Weather In Cuba is favorable for
grinding, but the plantations are
meeting with much difficulty in Sc
curing the necessary number of cane
cutters to finish their crops, and ad-
vices from the island state that should
perchanCe the rainy season make Its
appearance shortly, a considerable
amount of cane would be left in the
fields. 1t may be Of interest to point
out that according to private cabled
Information received here on Sth inst,
The actual production Of Is Centrals,
hen finished grinding and from which
particulars were obtainable, showed
IN aggregate falling off of 26,500i
ons from the total with which they |
lad been credited in Messrs. Guma
Mejer's first estimate of 3,572,571 !
ons. However, inasmuch as these Is
Centrals included several located in
he eastern section of the island
which suffered very much from the
evolution, an equal ratio Of loss can
lot be applied to calculations of ulti-
nate outturn Of mills in other parts
II Cuba where the loss in output has
been confined to lower yield than |
asst campaign, or to lack of labor.