Cuban Cane Sugar 



$.0195 per pound c.i.f. New York. 

 They fixed $.02 per pound as the 

 maximum f.o.b. Cuba cost price, and 

 $.015 per pound as the minimum. 



Undoubtedly, in the six years 

 which have intervened, the cost of 

 production has been still further 

 reduced; and with American capital 

 and ingenuity going into Cuba as 

 they are, another decade or so must 

 see production costs brought down 

 still nearer the irreducible minimum. 



But if no further reduction could 

 be wrought, Cuba stands and always 

 must stand in an enviable position 

 with relation to the largest buyer of 

 sugar in the world. 



Spreading out over and around her, 

 within easy access, lies the United 

 States which buys and consumes 

 about four million tons of sugar a 

 year. Less than one-fourth of this 

 comes from Porto Rico, Hawaii, and 

 the Philippines; less than one-sixth 

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