THE CUBA R E V I E W 



31 



SUGAR REVIEW. 



Especially written for The CUBA REVIEW by Willett & Gray, of New York. 



Otir last sugar review for this magazine was dated April 12. 



At that time Cuba Centrifugals of 96 test were quoted at 25/^c. c. & f. for May 

 shipment and 3.95c. per lb. for spots and prompt shipment. The quotations now 

 are 3.86c. per lb. for spot and prompt shipment and 2 9/16c. c. & f. for June ship- 

 ment (3.92c.). 



Beet sugar in Europe fluctuated for the month from 10s. 4>2d. to 10s. 6d. to 10s. 

 3d. to 10s. 4^d. at the close, an advance of ly^d. coming the last three days on an 

 improved demand. 



We said in closing our last review that the prospect was for "a firm market, 

 with further possible improvement if supplies were not urged upon buyers faster 

 than their wants require." 



Unfortunately for the improvement, supplies have been pressed for sale all 

 the month so fast as to preclude advances and at times to bring about small 

 declines to 2;.^c. c. & f. The last day's offerings were withheld better, and with 

 Centrifugals 30c. per 100 lbs. below beet parity there is hope of an advance in 

 Centrifugals during the coming month, notwithstanding that statistics thus far 

 received from the Cuba crop indicate a very full outturn. 



All Cuba sugars will be needed in the United States before the close of the 

 campaign and at whatever prices below the parity of Javas and Beets that the 

 Cuba planter chooses to ask and wait for. 



Java sugars are now held at 10c. per 100 lbs. below Beet parity and 16c 

 per 100 lbs. above Cubas for summer delivery. 



The tariff bill is still under discussion in the Senate, and an active discussion 

 of the sugar schedule is probable about the 20th inst. 



The Canadian sugar tariff has been changed in favor of sugar from San 

 Domingo, Brazil and Java in competition with the British West Indies. 



The figures for consumption of sugar in the United States -continue to show a 

 good increase, which will continue by reason of increase in population, and prices 

 will follow the course of the raw market. Granulated refined is now quoted at 4.95c. 

 per lb., less 1%. 



The outlook is for a steady market with eventual improvement in both raws 

 and refined after some possible shading of prices in instances in the latter. 



New York, May 7, 1909. 



CAR R OS 



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 IRON WORKS 

 30 Church St. 

 New York, N. Y 



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