THE CUBA REVIEW 



29 



THE SUGAR INDUSTRY 



ANNOUNCEMENT TO TRADE 



The International Siifiar Conuiiittee on 

 December 7, made the following announce- 

 ment for the information of the sugar industry : 



First — We wish to call attention to the 

 meaning of the term "basic price" used in 

 our announcement of October 30, 1917. 

 The "basic price" is the price upon which 

 the refiners' selling margin must be based. 

 While this price will represent the price of 

 ■96 degree centrifugal sugars delivered duty 

 paid, New York, on the average, it will not 

 •necessarily be the actual price at which such 

 sugar can be bought on the day it is posted. 



Second — I'nder the refiner's contract of 

 October 1, 1917, with the United States 

 Food Administrator, the purchases arranged 

 by the International Sugar Committee are 

 confined to the West Indies, including Cuba, 

 Porto Rico, San Croix, Santo Domingo and 

 Haiti and also all other import sources 

 such as Peru, Brazil, Fiji, Formosa, Costa 

 Rica, Mexico, etc. 



Third — Aside from the domestic sugars 

 in the West Indies described above, refiners 

 are free, under the contract of October 1, 

 1917, to purchase all other domestic sugars 

 including those of Louisiana, the Philip- 

 pines and Hawaii. 



as they may deem best in the interests of the 

 company to aid the Government in the prose- 

 cution of the war. 



CUBA CANE SUGAR CORPORATION 



The Cuba Cane Sugar Corporation has es- 

 tablished a laboratory in Havana for experi- 

 mental work in bacteriology, as well as expri- 

 mentswith fertilizers and with different vari- 

 ties of cane and work in soil analysis. 



NIPE BAY COMPANY 



At the annual meeting of the Xipe Bay 

 Company retiring Directors were reelected. 

 At a special meeting, immediately following 

 the regular annual meeting of the company, 

 a resolution to sell the property of the Nipe 

 Bay Company to the United Fruit Company 

 in exchange for shares of the capital stock of 

 the fruit company, was unanimously approved 

 by the stockholders. 



At the annual meeting of the United Fruit 

 Company a resolution was adopted empower- 

 ing the directors to authorize the contribution 

 from time to time of such reasonable amounts 



SUGAR SUPPLIES FOR BELGIUM AND THE 

 ARMY AND NAVY. 



Memorandum of sugar provided through 

 the Committee on Sugar Supply for the Army 

 and Navy to November 15, 1917: 



American Sugar Refining Co.: 



Pounds. Pounds. 



Belgium 4,480,000 



Army and Navy 2,050,000 6,530,000 



National Sugar Refining Co 5,569,500 



Arbuckle Brothers 350,300 



Federal Sugar Refining Co 2,885,000 



Warner Sugar Refining Co 1,730,000 



Revere Sugar Refining Co 335,000 



Pennsylvania Sugar Co 2,802,800 



W. J. McCahan Sugar Refining 



Co 2,117,600 



Colonial Sugars Co 3,455,000 



William Henderson 550,000 



Savannah Sugar Refining Corp. . . 3,400,000 



29,725,200 



Beet Sugar Companies 18,025,000 



Dealers 1,100,000 



Total 48,850,200 



The American Sugar Refining Company 

 has delivered refined sugar to the United 

 States Government from January 1 to No- 

 vember 20 in addition to the quantity shown 

 above as follows: 



United States Army Quartermas- 

 ter's Corps 7,577,344 



New York Navy Yard 5,394,100 



United States Shipping Board. . . . 121,939 



Total 13,093,383 



INTERNATIONAL SUGAR COMMITTEE 



The intention is announced of the Inter- 

 national Sugar Committee to respect and not 

 to disturb the channels through which pur- 

 chases of sugar have hitherto been made 

 either for the United States or for the Eu- 

 ropean Allies and to continue the intermediary 

 of brokers and of agencies as heretofore. 



