32 THE CUBA REVIEW 



Imports from Cuba made a high record in 1919, but receipts from the Virgin 

 Islands show an appreciable decrease against 1917 and 1918. Imports from the 

 Dominican Republic, which in 1917 were more than 114,000,000 pounds, have fallen 

 to pre-war figures, while imports from Mexico have each year exceeded those of 1914. 

 Imports from Japan amounted to nearly 22,000,000 pounds in 1917, but fell to 1,193 

 pounds in 1919. A resumption of American trade with the Dutch East Indies, which be- 

 fore the war approximated 300,000,000 pounds, is forecast by the imports into the 

 United States of nearly 31,000,000 pounds of sugar in 1919, as against 21,813 pounds 

 in 1917. Imports from South America in 1919 show a marked decrease when compared 

 with the three years preceding, but an increase over the pre-war year of 1914. 

 PRODUCTION, AVAILABLE SUPPLY AND PRICES 



The production of cane sugar in the United States for the year 1918-19 is esti- 

 mated at 569,000,000 pounds, and of beet sugar at 1,530,000,000 pounds, indicating a 

 total production of about 2,100,000,000 pounds. This production, with the imports from 

 foreign countries and the receipts from non-contiguous territories, gives a total of 

 approximately 9,S55,000,000 pounds available in the markets of the United States. 

 Deducting from this amount the exports from continental United States of domestic 

 sugar, 1,057,000,000 pounds, the re-exports of foreign sugar 3,017,000 pounds, and 

 shipments to non-contiguous American territories 5,242,000 pounds, makes in round 

 numbers the net amount retained for consumption in the United States S,790,000,000 

 pounds. This works out an average per capita consumption of S2 pounds in 1919, 

 against S6 pounds in 1915, the first year of the war, and S9 pounds in 1914, the last 

 year before the war. 



The average import price of sugar was 2 cents a pound in 1914, 3.7 cents in 1916, 

 4.8 cents in 1918, and 5.3 cents in 1919. This is an increase of 163 per cent, in 1919 

 ■over 1914. The average price per pound of sugar from Hawaii was 3 cents and 6.2 

 cents in 1919 ; and from Porto Rico, 3.1 cents in 1914 and 6.S cents in 1919. The aver- 

 age export price of sugar was 3.6 cents per pound in 1914, 4.9 cents in 1916, and 7.3 

 ■cents in 1919. The price of imported sugar is based on the wholesale price in the 

 country from which imported, while the export price is based on actual cost at time 

 of exportation at ports from which shipped. 



CUBA CANE SUGAR CORPORATION Several months ago there was a proposal 



New financing to the extent of $25,000,- to float a bond issue of $25,000,000, but 



000 has been announced bv the directors tnis was abandoned, even though the ap- 



of the Cuba Cane Sugar Corporation. This P roval of tne stockholders had been ob- 



will take the form of 10-year 7 per cent. taine(L In the annual re P° rt for last y ear 



bonds, convertible into common stock at tne floatin S indebtedness of the company 



60. A special meeting of the stockholders was placed at about $ 22 >0°°.<XX>- Since 



of the corporation will be called within a tnat time the debt nas been S^* re " 



(lllOPfl 



short time to pass on the proposal. Hay- 

 den Stone & Co. and J. and W. Seligman 



will head a syndicate to underwrite the SHIPMENT OF CARS 



issue. The American Car & Foundry Company 



It is stated that the money obtained by nas shipped three passenger coaches for 



the bond offering will be used to increase tne Guantanamo & Western R. R. Co. and 



working capital and that none of it will is a bo 'ut to ship 22 all-steel cane cars to 



go for extensions or betterments. The the Santa Cecilia Sugar Corporation. 



lack of working capital was one of the 



items to which attention was called in the NEW INSURANCE COMPANY 



report to George W. Goethals, who inves- A general insurance company under the 



tigated the company some time ago. name of "La Union Antillana, S. A.," has 



This is the second proposal for new been organized in Santiago de Cuba. The 



financing that has been put forth by the company will insure maritime and land 



Cuba Cane Sugar Corporation this year. transportation. 



