Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-05-12
EUROPE Seeking
SUGAR SUPPLIES
Especial Correspondence from czsrni-I
kow-Rionda COMPANY, 112 Wall


kow-Rionda Company, liz Wall
Street,
NEW YORK, N. Y. April 20. After
the moderate business In Cubas done
at the close OF last week for April
shipment at 5ss75c G. T. (6.40c duty
paid. and Of Porto Ricos at 6.ssc c. 1
r. the rnarket this week opened still
firmer, with practically all refiners
wanting to secure sugars for May and
June shipments at $500 g. &, at which
price comparatively large business
was done subsequently about 100.-
900 90 10000 bags were sold Tor
prompt shipment at the same price,
thereby raising the spet quotation to
6.52c, dutyPaid. the highest spot price
made thus far this year. Santo Do.
mingos for April shipment we're taken
also by New York and Canadian re,
timers at 6.375e g. / 4
Purchases Look Large
The total sales made during the re-
cent activity Of the market are esti,
mated at about 100000 tons Cubas,
principally for May shipment, and
about 10000 tons Porto Ricos for April
and May shipments Although the
--uuantity seems large, Il must be TAX.
en- into account that the refiners had
previously MAIDS practically no pur
chases Tor May shipment and that
With the present heavy meetings and
contlnned largo demand for Granulat
I, ed, especially from the Middle West
where, according 60 reports. the stocks
OF Granulated are practically MI, 4 Is
not likely that the renewed buying Of
raws viii be deferred for q sufficient
ktlfne to bring about any material de,
nreciatioa IN prices. L would be natu'
raj to expect that rczincrs, after hav,
ling secured the quantity Of sugar
+ nboyo mentioned, may pause some
what IN buying Cor the time being. 0w.
ing To this, some small lots cf Cubas
Tor April-May shipment have been Of.
fered unnecessarily at 6.s75c e. I.
(6.40l. and ono small lot afloat has
been disposed Of ct 5.25c c. +. reduc.
ing the spot quotation to 6.27c, duty
paid. which price, at the close, is read.
( ny obtainable for May shipment
Europe Takes Interest
Renewed interest from European
buyers "a Cu5es on {. o. b. terms re.
suited IN moderate transactions, est
mated oE about AZ. 600 so ,o09 tons. with
further inquiry C the same basis.
The receipts during the week were
quite large. amounting 20 1904 tons
,end with MEETINGS Of $4,000 tons. the
stocks IN all hands AZ Atlantic ports
have increased TO s1l $40 tons
Weather reports from Cuba are that
Ihea4y rains have fallen practically
Throughout the ISLAND. In some dis
tricts Diminishing the daily output Of
the plantations, and IL others some
factories have had to shut down TEN
iporarily.
on the New York coffee and sugar
Exchanae values showed further ad.
rances early In the week. but active
liouidatlh forced prices to lower lev.
80 and. todayss closing bids Of April
&c. MAY 5.32c. JHne 5.4ic, July 5.4Sc
August 5.5gc. September 5.56c. Octo.
her b1Sc. November 5SSc. December
{ nec January 4.S5c, and February
q CSC chow net declines for the week
.of .f2c to .19c per ID. IN the various
deliveries.
The Americas sugar Refining Co
,rbt,tipues unchanged at 1900 less
,,er cent but Is only accepting new
huginess from those buyers who Law
nc contracts open on their books. Oh
er refiners are still practically Win
drawn. although early In the Wees
Howell accepted moderate business
81 basis SC. and Feiera1 and Warnei
closed fair lirie on the basis cf-S.6Oc