Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-11-19
REFINED SUGAR
SCARCE; RAVS
!. remain QUIET
From WILLETT G. GRAY.

NEW YORK, Nov New YORK
90 deg. Centrifugal Duty Paid Quota
ton: International Sugar Committee
announces, October 80, 1917.-RaW
Sugar Basis.-Until further notice the
International Sugar Committee de-
termines the basis to be 6.90e deliV-
cred, duty paid, for Sc deg. centrlfu-
gal sugar, New York. No basis Is
yet determined for other refining
points
RaWs
No sales have been openly reported
during the week, but business has
been put through quietly at SIC
c. & f. $4,000 for Cubas, for prompt
position. "
Offerings have been in evidence
daily at $500 for Philippine centrifu-
gals, SO deg, either at San Francisco
or due there shortly, and Perus afioat
and for shipment at SIC elf. G.13cl.
The first official announcement OF
the international committee regarding
sugar prices was issued on OCTOBER
30th, fixing the basis of raw sugar
prices at 690c, duty paid. The an
nouncement that H. C.. Mott, former
IL with the American, has been ap-
pointed agent of the international
sugar committee for the purchase OF
raw. sugars, has cleared up the mat
ter. as to whom raw sugars are to
be offered. "
The Louisiana situation regarding
the offer of the American to buy up
100000 tons of Louisiana refining
grades is still in allegiance, the plant
ers not yet being willing to sell So
deg. test sugar until the position of
clarifiedS and plantation granulated is
settled. ...
As originally stated by Mr.. Rolph,
the highest price at which the white
sugar could be sold for was 725c,
less 2 per cent, but this caused much
dissatisfaction in Louisiana, as the
planters understood they would be al
lowed to sell their white sugars at
the. same price as cane granulated.
$3.50 less 2 per cent. In the mean
time some sales have been made to
manufacturers at $3.50 less 2 per
cent. probably with the approval of
BE committee, and providing the ter
N%tory to which these sugars go does
not conflict with the 7.25c beet dis
tricts. In other words, wherever the
cane price of $3.50 is in effect, Lou
isiana clarifieds can be sold up to
the cane granulated basis. In any
event some announcement will Ge
made shortly to adjust these coz
ditions.
Atlantic ports receipts are 1864
tons, MEETINGS $4,000 tons and stock
1884 tons.
The position of the market IS I'M
changed, and there is no relief from
the present scarcity in sight Ameri-
can and Howell are distributing small
quantities, but the other refiuers are
entirely withdrawn.
Quotations remain at S.35cE basis.
We understand some 5000 tons of
cube sugar recently resold by Nor
way has been taken by the manu-
featuring trade at around, 9.75c.
The beet distribution committee
have been holding up Eastern orders
for beets on account of the slowness
of harvesting, the demand from the
Middle West and the car shortage.
The American Sugar Refining Co
announce, effective November list, a
new schedule of tare will be added
to all freight rates where they have
a prepaid basis, and unshtpped orders
viii be invoiced at the. new basis
The revision of the tare schedule is
caused by the per cent Tar tax on
freight; on fob shipments this tax
is fer the account of the cCnsignee.
Cuba
The feature of outstanding i'm
portance this week is cable received
by US from Messrs. Joaquin Guma
Leandro Meier, the Cuban experts
giving the outturn of the 1861
Cuba crop just ended as 1923, TIC
tons. This is an increase of 1885
tons over the 1856 crop, which II
will be remembered outturned 1907,
915 tons. The figures for the weel
were cabled to US: Receipts, none;
exports to q. S. Atlantic ports, $685.
tons, to Europe, 1905, tons, and tC
Mexico, 400 tons, total of 1850
reducing stock to 1853 tons. Dur
ing the early part of the week {
continuance of favorable weather was
reported, but later cable adviceS men
ton rain as wanted in some parts
Latest cables to us report partia
rains.
Earlier advices all had pointed to Z
good.sized crop in Louisiana this
season, but now that the actual tests