34 THECUBAREVIEW 



RUSSIAN SUGAR-REFINING INDUSTRY 



William B. Carries, Moscow. 



During the period from September, 1916, to April, 1917, there were in operation in Russia 

 236 sugar refineries, as compared with 235 in the corresponding period of 1915-16 and 23 

 refineries engaged solely in the production of lump and loaf sugar, as compared with 21 in the 

 preceding period. The following table shows details of the sugar-refining industry in 1915-16 

 and 1916-17: 



Items 1915-16 1916-17 

 Refineries producing granulated 

 and refined lump sugar : 



Surp. stock from preceding yr. Short tons Short tons 



Granulated 280,200 61,210 



Refined lump . 13,382 8,092 



Shipped from refineries — 



Granulated 1,251,383 901,740 



Refined lump 195,524 165,657 



Stock on hand April 1, 1917 — 



Granulated 471,610 379,608 



Refined lump 34,077 63,689 



Hems 1915-16 1916-17 

 Refineries producing lump and 

 loaf sugar: 



Surp. stock from preceding vr. . Short tons Short tons 



76,431 67,393 



Production 525,605 496,716 



Shipped from refineries 506,985 430,264 



Stock on hand Apr. 1, 1917. . . 94,730 134,245 



THE NATIONAL SUGAR REFINING CO. OF CUBA CANE SUGAR CORPORATION 



NEW JERSEY. 



A quarterly dividend of $1.75 per share 



The Board of Directors of this company j^^^g ^gen declared upon the Pre- 



liave declared a dividend of one and one-half fgrred Stock of this corporation for the 



per cent. (13^^%) on the capital stock of the quarter ending September 30, 1917, payable 



company, payable October 2, 1917, to stock- October 1, 1917, to stockholders of record at 



holders of record at the close of business ^^^ ^j^gg ^f business September 15, 1917. 

 September 10, 1917. 



SUGAR REVIEW 



SpeciaUy written for The Cuba Review by Willett & Gray. New York, N. Y. 



Our last review for this magazine was dated August 7, 1917. 



In that review Cuba Centrifugal sugar of 96° test basis was quoted at 6^0. c and f., but 

 continued demand for refined sugar for both local and export use, and a rapidly decreasing 

 visible supply, caused sharp advances and prices of Cubas rapidly advanced to OJ^c. c. and f. 

 on the 7th and m^- c and f. for August-September shipment on the 9th. At these levels the 

 advance was checked and an easier tone obtained due to the passage of the Food Control Bill 

 in Washington, and the consequent negotiations occuring regarding the control of the entire 



sugar trade. 



These several matters are covered below more fully. 



As we write these lines, the market is nominal at 6c. c. and f. with no buyers. 



As the beet manufacturers have voluntarily agreed to maintain a maximum price of 7.25c. 

 for beet granulated by October 1, the cane refiners will have to decUne to that basis to sell cane 

 refined and which will necessitate a decline in Cubans to about 5c. c. and f . 



A meeting is to be arranged between Mr. Hoover and the Cuban sugar interests to ascer- 

 tain if a satisfactory price cannot be arranged for Cuban raws. 



The other matters now under consideration are given herewith. 



The War Revenue BiU has been re-reported to the Senate by the Senate Finance Com- 

 mitte, the excise tax on sugar remaining at J^c. per pound, although the tax was extended to 

 include "floor" tax on sugars in the hands of manufacturers, producers, refiners, importers 



and wholesalers. -,r ■, c<^ ^ t^ a 



The Food Control Law has been passed at Wasliington, and also the New \ ork State Food 



Control Law has been passed. The latter is intended to be of a helping nature to the Federal 



law The Federal Food Control Law does not give such direct authority to the President 



