Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-08-27
BY Nelers & Callaghan.j


NEW YORK. " Y, Aug. lo.-The
IAaraet mas continued to advance
throughout this week. and late sales
OF Cubas for August and September
shipments at sac basis SO C. L. t.
t7.I>cJ mark an advance OF l2C
r:t0cD COMPARED with last weeks
closing prices, and establishes new
high record values Cuban holders
have been reluctant sellers even on
the advancing SCALE and the con-
tnued demand for refined sugar, both
for local and export purposes, has
made 1t necessary for refners to
steadily advance their ideas to obtain
supplies. AS the week opened there
vas still a persistent demand from re-
liLer& tor Cubas at GA c basis SO C.
4 f., but holders have practically
withdrawn from the market and buy.
ers found it necessary to raise their
ideas to 612c basis &C. c. & t. for
! Cubas. ct which price only a limited
amount Of CubaS appeared, sales
thereet only tOtaling about 10000 bags
OF Cubas for August and first halt
September shipment. Failing to Sc
cure sufficient Cubas at this level re.
finers purchased about 20/30,000 bags
OF Porto Ricos for August September
shipment at 7.52c basis 90 c. i. f.,
which purchases also cleared the
market of offerings of non-duty pay
ing sugars. Holders Of Cubas adj
vanCed their ideas TO $3.50 basis So
c. & f., which price refiners found it
necessary to pay, the business at this
price amounting to about 50/75,000
bags for August and September ship
ment to refners and operators before
the market became bare Of offerings
at this level. The anxiety of refners
to secure further supplies resulted in
later business in Cubas for August
and first half September shipment at
6-3I4 &c basis So c. & T., to the extent
of about 50/75.OO0 bags, and although,
as the week closes, there appear to
be further limited quantities of Gu
has available for September shipment
at 6-3/ 4c basis GO c. & f., still the
price could readily be obtained for
Cubas in nearby positions. There has
been moderate quantities of full-duty
paying sugars sold during this week
to local refners at advancing prices
from 6-1/4c basis 90 c. i. t. paid for
one small parcel OF Perus for Au-
gust/September shipment in the week,
to 6-3 sc and later to Size basis
go C. /. f.
The main strength of the market
arises from the fact that tonnage does
not seem to be obtainable in order
to move surplus supplies Of Javas and
other sugars to this market in time
to relieve the stringency here, and
i is apparent that United States re-
flners will be entirely dependent up
on the small balance Of the Cuban
crop, which is firmly held, for sup
plies from now until the situation is
relieved by the marketing of the do
nestle beet and cane products. 1t is
evident, therefore, the situation will
continue acute for some time unless
some unforeseen contingency, in the
shape Of release Of tonnage or food
control regulations, should occur to
relieve conditions.
Influenced by the strong and ad
vancing market in raws and the per-
sistent inquiry for refined sugar for
export as we'll as domestic uses, re-
finers have found it necessary to cor
respondingly advance the quotations
for refined during this week. Early
in the week the American s. R. Co.