THECUBAREVIEW. 29 



SUGAR REVIEW. 



Specially written for The Cuba Review by Willett & Gray of New York. 



Our last sugar review for your magazine was dated March 8. 



At that time Cuba Centrifugals of 96 test were quoted at 2><c. per lb. cost 

 and freight, and 3.82c. per lb. for spot sugar. ^ o ,r./oo p r 



The quotations now are 25^c. c. & f . for May shipment and 2 19/3^c. c. & t. 

 for prompt shipment, or spots 3.95c. 



During the intermediate time the market reached 4.05c. per lb., but under 

 large offerings has reacted to present basis, a temporary reaction ni an ad- 

 vancing market. in o /j ^r\ t^A 



European beet sugar advanced during the same tmie from lUs. 3Hd. to lUs. oa., 

 closing at 10s. 4y>d. after several small fluctuations up and down. 



Centrifugals are now 24c. per 100 lbs. below the beet parity, and 16c. per 

 100 lbs. below the new crop Java parity. As new crop Jayas for June-July and 

 later shipments are now coming on the market, Cuba prices will have to be 

 considered in this new competition for the U. S. market, as restricting the further 

 advance which might be looked for with the beet sugar only in competition. 



The Tariff bill has passed the House of Representatives and gone to the 

 Senate The Finance Committee of the Senate has reported its bill to the 

 Senate, leaving the sugar schedule unchanged from the Dingley bill, with the 

 exception of a reduction of 5c. per 100 lbs. duty on refined sugar, and 300,000 

 tons of Philippine sugar free of all duty. The Cuban reciprocity treaty remains 

 unchanged. The Senate is not likely to make any further concessions to Cuba. 



The demand for cane refined sugar in the United States from the seaboard 

 refiners has been unusually large since the opening of the year, by reason that 

 the domestic beet granulated has been withheld from the market largely, but 

 now the beet sugar factories are again pressing their surplus for sale and thereby 

 reducing to some extent the former active demand for cane refined. After several 

 advances in quotations the first reduction of 10c. per 100 lbs. has been made in 

 deliveries from New Orleans and by two independent refineries at New York, 

 indicating that the rise in the refined product is checked for the present at least. 



The course of the raw sugar market will now follow the quotations for Javas 

 and beets, and on present parity there is room for further improvement in Cubas 

 before interference from foreign full duty paying sugar. 



There is now prospect of a steady, firm market for raws, with some further 

 possible improvement if supplies are not urged upon buyers faster than their 

 wants require. 



New York, April 12, 1909. 



REVISTA AZUCARERA. 



Fscrita expresamente para The Cuba Review por Willett & Gray, de Nueva York. 



Nuestra ultima revista para esta publicacion estaba fechada Marzo 8. En dicha 

 fecha los centrifugas cubanos se cotizaban a 2^ cents, la libra, costo y flete, y a 

 3.82 cents, la libra por azucar para entrega inmediata. 



Las cotizaciones al presente son: 2?/^ cents, costo y flete para embarque en 

 Mayo; 2 19/32 cents costo y flete para pronto embarque, y 3.95 cents, para entrega 

 inmediata. 



Durante el tiempo intermedio, el precio subio a 4.05 cents, la libra, pero las 

 grandes ofertas hicieron que bajara a la cotizacion actual, que es una reacci6n pasa- 

 jera en un mercado que tiende al alza. 



El azucar de remolacha europeo subi6 durante dicho periodo de 10s. 3%d. a 10s. 

 6d., cerrando a 10s. 4>4d., despues de algunas peyuefias fluctuaciones hacia el alza y 

 hacia la baja. 



Los centrifugas se cotizan ahora 24 cents, menos en las 100 libras que el 

 precio equivalente del aziicar de remolacha, y 16 cents, menos en las 100 libras 

 que la cotizacion del azucar de Java de la nueva cosecha. Como quiera que ya 

 se esta vendiendo en esta plaza azucar de la nueva zafra de Java para su embarque 

 en Junio, Julio y meses siguientes, los precios de los azucares de Cuba tendran 

 que considerarse en esta nueva competencia en el mercado de los Estados Unidos 

 como una restriccion a una nueva subida en las cotizaciones, que podria esperarse 

 si la competencia se limitase al ezucar de remolacha solamente. 



