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THE CUBA REVIEW. 



SUGAR REVIEW. 



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



Our last sugar review for this magazine was dated June 2. 



At that time, Cuba Centrifugals of 96 test were 3.89c. per lb. for spot quota- 

 tion and 2 9/16c. per lb. c. & f. for June shipment, equal to 3.92c. landed, and 

 2^c. c. & f. July shipment, equal to 3.98Sc. landed. 



The quotations now are 3.92c. per lb. for spot and 2 9/16c. to 2 19-32c. c. & f. 

 for July shipment and nothing said about August shipments. 



During the intermediate time, quotations have been 3.86c. for sugar in port 

 and early arrival. The principal business has been done on basis of 2 9/16c. c. & f. 

 or 3.92c. landed 96 test basis. 



June 2, European beet sugar was 10s. 6%d., the changes since were to 

 10s. 8^d. to 10s. 7Hd. to 10s. 6d. to 10s. 6?4d. to 10s. S^id., at which it closes 

 for July, with August at 10s. 6d. and Oct. -Dec. new crop at 9s. lO^d. The Euro- 

 pean markets have been quiet and dull during all the time. All reports for the 



The newest sugar mill in Cuba, Central Jayiiegal, at Moron, Province of Camaguey, owned by 

 an American company, the Jucaro and Moron Land Co., Jerry J. Warren, president. 



El ingenio de azucar mas moderno en Cuba. El Central Jagiieyal, ubicado en Moron, provincia 

 del Camagiiey. Pertenecs a la compania americana, "Jucaro and Moron Sugar and Land Company." 



new European beet crop have been favorable, though somewhat cold, and warmer 

 weather is now needed to develop the beets. 



The Cuba crop is virtually ended, with 1,385,000 tons visible to date and 6 

 centrals still grinding. Interest now centers on the growing crop, for which 

 the weather is favorable and a full crop year is anticipated. 



The Java crop prospects are now of special interest and importance to Cuba. 

 Our last cable received July 1 says the harvesting of the crop is delayed by heavy 

 rains, which means that not as large an amount as usual will be pressed for sale 

 as early in the season; in fact, up to the present only two cargoes of new crop 

 have been sold to American refiners and the price asked for June-July shipment 

 lis. per cwt. cost and freight, which equals 4.13c. per lb. landed for 96 test is 21c. 

 per 100 lbs. above the parity of Cuba centrifugals. 



Considering the fact that a few hundred thousand tons of this Java crop 

 must eventually find a market in the United States, it is evident that either Cuba 

 must advance or Java must decline before business results. 



The tone and tendency of our market is now to continued firmness, with even- 

 tual improvement in prices to meet the Java values. 



Unlike last year, at this time, the amount of stock held by refiners in ware- 

 house and for arrival is insufficient for future wants and liberal purchases must 

 continue to be made to end of season. 



Our figures of consumption just completed for the first half of 1909 show 

 1,602,907 tons actually gone into consumption, against 1,586,889 tons for first half 

 of 1908, an increase of 16,018 tons, or 1% for the six months. 



The fruit crops are good throughout the country, which gives promise of a 

 continued good consumptive demand for sugar for rest of year. 



Taken altogether, the sugar outlook is very favorable for all sugar planters for 

 another season. 



New York, July 8, 1909. 



