42 THECUBAREVIEW 



the United States banks to the extent of $14,250,000, in consequence of which the allotments 

 wall be on the basis of 84% of the subscriptions. Our cable advices from the Island recently 

 have been to the effect that dry weather has continued to prevail and that some places now need 

 rain quite badly. 



The cable and mail service with Java, which was cut off by England for quite some time, 

 owing to political reasons, has been resumed, and we have received, since our last report, a 

 cable from our correspondents in Java giving the exports of sugar for the month of January as 

 88,000 tons, of which quantity 36,000 tons were shipped to England, relieving the situation 

 to some extent there, and 7,000 tons to France, with 5,000 tons going to Suez for orders. The 

 balance of 40,000 tons was shipped to the Far East. We have maintained our estimate of 1,800,- 

 000 tons for the Java crop, and based on this figure, think now that the stock in that Island of 

 sugars unsold does not exceed 450,000 tons. None of this sugar, however, is available for the 

 United States, owing to lack of tonnage and other reasons. 



According to our cable advices from the Philippine Islands only 1,500 tons of these sugars 

 were shipped to the United States during the month of January. It is reported as being the 

 intention of the United States Shipping Board to send sailing vessels at the rate of possibly 

 two per month to bring Philippine sugars to the United States, and we believe that one vessel 

 has already been sent there on such an errand. It is interesting to note that some of the 

 Philippine sugars which were shipped to Eastern markets from San Francisco some three 

 months ago have only recently arrived here, the delay having been caused by the unprecedented 

 freight congestion. 



An adjustment has been made in the price of Porto Rico sugars for shipment to New 

 Orleans. These sugars have been selling on the basis of 6.005c. c. i. f. for New Orleans as 

 against 5.945c. duty paid for Cubas, which receive a lower freight rate to that Port, and to 

 equalize matters, the quotation of Porto Ricos for New Orleans has now been reduced to the 

 basis of 5.945c., which seems entirely fair, but is the cause of complaint from that Island. The 

 same adjustment has been made in full duty San Domingcs, etc., to that Port. 



There is little of interest to report in other nearby crops, both the Louisiana and Domestic 

 Beet crops being now completed. As regards the latter we will shortly be compiling our figures 

 of the estimated total outturn for the past campaign, and hope to be able to include same in 

 our next report. 



As far as the European Beet Crops are concerned, we have made a few changes in our esti- 

 mates, reducing the Austria-Hungary crop estimate to 600,000 tons, France to 200,000 tons, 

 Holland to 200,000 tons, and the Russian crop to 700,000 tons. 



Regarding the recent Congressional Investigation of the sugar shortage. Senator Lodge 

 has made a speech on the findings of the Committee, and in this connection the committee seem 

 to have disagreed with the Food Administration only in the method of handling some of the 

 situations which confronted them. 



The price of refined sugar in the United States remains on the basis of $7.45 per 100 lbs., 

 less 2%, under Government control, and while the shortage is still apparent in many sections, 

 the melting of raws are now beginning to be quite large, and the various refiners are increasing 

 their area of distribution so that within the next few weeks, if good supplies of raws continue 

 to come in, and the fairly large meltings are kept up, the situation .should become somewhat 

 near to normal. 



New York, N. Y., March 6, 1918. WILLETT & GRAY. 



REVISTA AZUCARERA 



Escrlta cspecialmente para la Cuba Review par Willett & Gray, de Nueva I'ork. 



Nuestra ultima resena para esta publicacion estaba fechada el 7 de febrero de 1918. 



Los cargamentos de aziicar de la Isla de Cuba estan llegando como se esperaba, y el total 

 de las exportaciones la semana pasada de 100,000 toneladas fue la cantidad mas grande de 

 azucar exportada desde que empezo la zafra. Las ventas recientemente han llegado a un total 

 de 700,000 a 800,000 sacos por los cargamentos de marzo, cuya cantidad, con Ics pequenos 

 lotes adicionales de azucares de Puerto Rico, Venezuela, Peru, Santo Domingo y otros azu- 



