30 THE CUBA REVIEW. 



CUBAN SUGAR REVIEW. 



September Summary and Prices — Reduction of Stocks, Showing Good Consumption — 



Java Shipments Not Large. 



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



Our last sugar review for this magazine was dated September 1, and the present 

 is a summary for the month of September. 



Centrifugals advanced during the inonth from the opening quotation of 4.14c. 

 to 4.235c. and closed at 4.20c. on a sale October 1 of a cargo of Javas in port. 



During the month 60,000 to 80,000 bags sold on the 2d, from store and for 

 prompt September shipment at 4.15c. to 4.17c., followed by a sale of 17,000 bags 

 at 4.17c. and 4.20c. and cargo of Javas at 4.17c. on the 10th. Demerara Centrifugals 

 were included in sales for shipment at 2.45c. to 2.52c., cost and freight, equal to 

 4.15c. and 4.22c., duty paid, according to location. Further sales on the 20th 

 and 21st, amounting to 150,000 bags of Cuba Centrifugals, were made at basis 

 of 4.235c. per pound. 



The firm and improving prices for the month were owing to the scarcity of 

 offerings of ready sugar for refiners' needs. 



Stocks of sugar in the United States and Cuba, six ports together, on Sept. 1, 

 were 316.880 tons and on Sept. 28, 194,271 tons, showing a reduction in these 

 stocks of 122,609 tons for the month, leaving these stocks 100,928 tons below 

 last year at same time. This indicates a remarkably good consumptive demand in 

 the United States and sufficient to absorb the entire large Cuba crop estimated by 

 us at 1,485,000 tons when fully complete. As regards the outlook, F. O. Licht's 

 preliminary estimate of the European beet crop gives a minimum of 6,055,000 tons 

 to a maximum of 6,375,000 tons, allowing a leeway for contingencies of 320,000 

 tons. Last crop was 462,000 tons greater than this minimum and 142,000 tons 

 greater than this maximum. 



The beet crop being the most important crop in the world in the govern- 

 ment of prices, it would seem that Cuba, even with a larger crop than last year, 

 will benefit in prices by the probable higher prices to rule for beet sugar in the 

 coming campaign. Beet sugar prices for the old crop have not varied materially 

 during the month, but have always been at a higher parity than the value of 

 Centrifugals here, so that imports of beet sugar have been nothing and are 

 little to nothing or very small this season. A well-managed "corner" by specu- 

 lators in September beet sugar contracts ran the price up for the last two days of 

 the month to 14s. pci' cwt., but the October quotation opened at 10s. lO^/^d. 



The Java shipments, which now come in to fill the period of scarcity, are 

 not large, so that prices are likely to be maintained until the opening of the 

 new Cuba crop season in December or January, first sales of which may be 

 possible on basis of 2^c., cost and freight, 96° test, or better, according to 

 circumstances then ruling. 



The hurricane, which passed over Louisiana and unroofed many sugar houses, 

 does not appear to have damaged the standing cane more than 3 per cent., 

 although the saccharine out-turn may be diminished by another 3 per cent. This 

 still leaves an estimated crop of, say, 340,000 tons to be marketed. 



The refined sugar market is now on a bad basis as far as cane sugar refiners' 

 profits are concerned. The difference in value of raws and refined showing but 

 .61c. per 100 pounds in instances, or below the current estimate of cost of refining. 

 This is because of a favorable domestic beet granulated out-turn for sugar factories 

 throughout the country, and the coming marketing of that sugar at considerably 

 under even the low ruling prices for cane granulated. Cane granulated is now 

 4.90 less 1 per cent, at New York and beet granulated 4.75c. net New York basis. 



New York, Oct. 2, 1909. 



Santa Cecilia's New Crusher. with this order is that the Santa Cecilia 



The Pratt Engineering & Machine company investigation of the specifica- 



Company, of Atlanta, Ga., has just com- tions and work done by Pratt "Im- 



pleted a shipment of a 26x78" crusher to perial" machinery convinced them of its 



the Santa Cecilia Sugar Company, Guan- superiority to foreign made machinery 



tanamo, Cuba. and, accordingly, the order was given 



The interesting feature in connection and at an advanced price. 



