Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-10-08

NEW YORK, y. Y. Sept 90
Statistics by special cable-Cuba, the
entire island:
Receipts. 1888 tons, against 926J
tons last week, 1907 tons last year
I'D 1921 tons in 1915.
Exports. 60,977 tons; stock, l32,S7G
tons, against last year 335.146 tons.
Centrals grinding. estimated. 5;
against, estimated. ) last week, l last
year and in 1915.
Stocks in the United States and
Cuba together of 2l6,S7S tons. against
304,965 tons last week and 546,5SG
tons last year. a decrease of 329,70s
tons from last year.
Raws-The inactivity in the raw
sugar market that obtained since Au.
guest 29th ended this week on Fri
day, when $4,000 bags of Cubas for
prompt shipment were sold to the
Federal at rs c. & f. (6.90c). This
sale established a lower market quo
tation, as previously 7.02c was quoted
as the Cuban value for nearby or
prompt positions. Further sales were
made at this basis to Canadian and
New Orleans refiners, and the bust
ness totalled about $4,000 bags.
Since then, under suggestions from
Washington, no business has been
done, buyers being entirely withdrawn
Probably when the food administers
ton finishes its deliberation with the
different branches of the sugar indus
try, some announcement will be made
tfat will allow business to be re-
sumed, if not normally, at least to
some extent.
On the other hand, the opinion is
expressed, that as it would be I'M,
fair to ask the cane refiners to sell al
the 7.25c basis granulated that cost
them over S.25c, it will be the policy
OF the food administration to allow
the refiners to sell all their refined
in hand Or to be made from Taws
previously purchased at about the
present basis, but to request them ia
refrain from buying on~ further guam.
tity of raws. This latter plan would
allow refiners to dispose of all theiI
high price sugar before it would be-
come necessary to meet the beet price
of 7.25c. . ..
. While the arrivals of raw sugar at
Atlantic ports were light, only A..
335 tons, against MEETINGS of $4,000
tons, there is a good amount afioat
from Cuba, the exports from that coun.
try to Atlantic ports the past two
weeks amounting to 74,194 tons.
Java-Our special cable from Java
reports exports during August of 3d.,
900 tons to England and 6000'tons to
France, total of 10000 tons for Eu-
rope. Last years August exports
were 1851 tons to England, 600
tons to France, 1851 tons to Italy,
and 1866 tons to Port Said for orders,
a total to Europe of 100,SoS tons. Au.
gust shipments this year teeoFienta!
destinations are $1,000 tons, against
94,042 tons last year. Total exports
to all destinations since beginning of
crop are 367, 900 tons, against $50,
444 tons last year. The above is
eloquent of the scarcity of ocean ton.
mage. 4 l.. -. T..
Reined-There is little of interest
n the market, business being on a
hand-to-mouth basis. -...
Howell reduced his quotations on
soft sugars to S.25c basis on Friday,
he same as Warner & Arbuckle, but
n Monday the latter refner issued
he following: Owing to the scar
ity of raw sugar which prevents op.
sating, we are compelled to restore
le usual difference in the price be.
Feen fine graduated and soft sugars,
aking our list price basis 8.5Ge for
grades Howell &, Warner have
iranced softs to S.40c basis today.
ia Philadelphia the Pennsylvania
Tanced their price to S.40c basis
l Wednesday and later in the DAY
thdrew. -." -:5.-
fhe Arbuckle refinery is closing
IN today until further notice, but
Il continue to sell whatever assert.
ut they have on hand. At present
+ : lib. packages Of powdered and
Xxx are the only grades lacking.
american expects TO be in position
ship promptly by next week. .r, ..
5econd-hands have been quite we'll
eaned up at $500 basis. az
The export situation remains TN.
Hanged, with business at a stand.
ILL. Official advices from Washing.
on state that all export orders from,