30 



THE CUBA REVIEW 



1918-19 Cuban crop, naturally leads to 

 the assumption that Government super- 

 vision of sugar distribution will be con- 

 tinued until the end of next year. 



The 1918-19 Cuban crop is estimated at 

 3,700,000 tons, compared with 3,446,083 

 in 1917-18 and 3,023,720 tons in 1916-17, 

 so there promises to be an abundant sup- 

 ply from this source. In well-informed 

 sugar circles, however, the opinion is held 

 that the work of supplying oversea re- 

 quirements will be increased rather than 

 lightened by the termination of hostili- 

 ties. Heavy demands are already being 

 made on the United States Food Admin- 

 istration by neutrals, and to this must be 

 added supplies for some, at least, of the 

 recent enemy peoples. 



As soon as the Argentina and Mexican 

 crops come in these buyers will go out 

 of the Peruvian market, and planters 

 here will again have to turn to Europe 

 as an outlet for their surplus crop ; and 

 while it is true that some recent pur- 

 chases have been made by British buyers 

 at as high as 23s. [$5.60] per 112 pounds, 

 it is doubtful if, with large supplies avail- 

 able in other centers, they will continue 

 to pay the high prices asked by Peruvian 

 planters. 



From all reports the world's sugar crop 

 this season is going to be a very satis- 

 factory one, but the great problem seems 

 to be in transporting it from the pro- 

 ducing centers to consumers, and if high 

 prices prevail in the European market, it 

 will be more due to the difficulties of ob- 

 taining tonnage than from scarcity of 

 supphes. 



REEXPORT OF JAVA SUGAR TO CHINA 



Owing to the scarcity of tonnage con- 

 sequent upon the long duration of the 

 war, the export of sugar from Java has 

 met with great difficulties, and much con- 

 gestion has resulted. Moreover, with the 

 requisition of Dutch steamers by Great 

 Britain and the United States, the ex- 

 port of sugar from Java showed a fur- 

 ther decrease, and the price fell consider- 

 ably. In Taiwan the output of sugar for 

 the last season (1917-18) showed a 



greater decrease than was expected, and 

 it is estimated that this season's output 

 will be less than previously expected be- 

 cause of the prevailing high price of rice. 



The output of sugar in Taiwan is not 

 sufficient to meet the demand of Japan 

 for consumption in that country, and in 

 China difficulty is experienced in getting 

 supplies of foreign sugar, owing to its 

 high price and the scarcity of tonnage. 

 Under these circumstances the sugar 

 market showed a firm tone. This has led 

 the sugar companies of Taiwan to under- 

 take the importation of raw sugar from 

 Java for refining here and reexport to 

 China. The first shipment of sugar, con- 

 signed to the Yensuiko Sugar Manufac- 

 turing Co., has already arrived in Takao 

 from Java. 



The reexport trade of Taiwan in the 

 past was not reexport in the actual sense 

 of the word, but a mere transit trade. 

 It is a source of congratulation that the 

 present undertaking by the sugar com- 

 panies is reexport trade in the true sense 

 of the word, and one that is to be re- 

 corded in the trade history of the island. 

 The quantity and value of the sugar re- 

 cently imported by the Yensuiko Sugar 

 Manufacturing Co. from Java were: 



Grade Pounds. 



Second 1,401,761 



Third 1,756,049 



Total 3,157,810 



Value. Duty. 



$52,938 $16,411 



72,126 22,216 



125.064 38,627 



When the refined sugar is exported the 

 duty paid on the raw material at the time 

 of importation will be refunded, in ac- 

 cordance with a provision of the customs 

 tariff regarding drawbacks. — Consul Max 

 D. Kirjassoff, Talhoku, Tahvan. 



CARDENAS-AMERICAN SUGAR COMPANY 



The Board of Directors of Cardenas- 

 American Sugar Company has declared a 

 regular quarterly dividend of One Dollar 

 and Seventy-five Cents ($1.75) per share 

 on the outstanding preferred stock of the 

 Company for the quarter ending March 

 31, 1919, payable Tuesday, April 1, 1919, 

 to stockholders of record at the close of 

 business Monday, March 21, 1919. 





