Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-03-20
FEW OFFERS OF
APRIL SUGAR ARE
IN MARKETS

\ Especial Correspondence, CzarnikoW-
/ Rionda Company, liz Wall Street,
NEW YORK, N. Y, March 2.-After
1.-The decline OF last week had resulted
In sales OF. prompt shipment Cubas at
EaR low q figure as &c c. I. (5.02c),
Esigns OF resistance to any further con.
Occasions became ncticeabl et And upon
the receipt Of adyices from Cuba not
only showing an absence of material
in the political situation
there. but reporting a more general
burning Of cane fields, especially in the
eastern portion OF the island, our mar
.ket assumed a decidedly firmef aspect,
with prices of sugars in prompt and
March. positions rapidly advancing; to
r4.375c c. {. $3.50.
! For the more distant April ship
'ment, however, scarcely any offers
have been put forward, doubtless ows
ing to fears on the part Of planters to
contract for delivery of sugars not
already manufactured, and desire to
follow the safer plan OF limiting their
offerings for the present to such sup.
plies as are actually in hand and ready
for shipment.
Ao 4uIS6 natutdt uuucI Tie CaC uuE
stances, our market has proved very
sensitive to the rumors and reports OF
q conflicting tenor from time to time
making their appearance, but recent
public press announcements confirm
ing earlier private accounts Of heavy,
losses of cane through field fires, have
again resteyed confidence to the ex-
tent that atthe close there are buyers.
but no sellers OF Cubasi for March
shipment at last price OF 4.375c C. +.
(5.3Sc). 60. 80.
Porto Ricaus have. continued. their
policy Of disposing freely of their
product at the ruling level of values.
as disclosed by reported sales of that
description during the week, aggre-
eating about 1900 tons sugar for
prompt March shipment at pricee.rang
ing between 4.89c and 5.14c, basis g., .
delivered at New York. These sellers
have since raised their views to Sic
per ID.
During these troublous times in the
island, published figures-of the Cuban
production are, Of necessity, very
vague but private cabled adyices to
hand from a number of plantations
would indicate that all are still grind
ing, though at materially reduced ca
pacity. Such retarded production oc-
curing at the period when the cane
Is richest In sucroee, viii In itself have
. decided effect upon the final output
Of the factories, seven though they
might be in a position to continue
grinding until comparatively late in
the year, when the yield always be-
comes much lower.
The annoying strike situation at the
United States Atlantic ports now
seems TO be showing slight inaprove-
ment, but weekly MEETINGS are yet
much below the rate maintained at
this time last year. Exports of re.
fined sugars against outstanding con-
tracts with European countries having
been delayed. return to
normal conditions at the refineries will |
doubtless witness heavy shipments
abroad. which, in conjunction with an
Imperative need for prompt replenish- |
meft Of stocks by the domestic trade, |
will severely tax refining facilities |
here and create an active demand for |
he raw supplies needed to keep them
going at maximum capacity. $50 80
Under the stimulus Eof reports, con-
ceruing the possible effect OF existing |
political disturbances in Cuba upon the
Ultimate output of the islands current
sugar crop, trading In sugar futures
IN the New York Coffee and Sugar
Exchange has been very active, at
,apidIy climbing values. Today's clos.
NC bids OF MaESh, k55c; Aps3l. A54cs
Nay. As0c: jane, 462c; 3nly, 4s5c;; !!
august. 4.6sc:. September, 47fcs De-