.34 



THE CUBA R E \" I E W 



last year and that Germany has a surphis crop this year over home consumption '..f 

 only about 30,000 tons to export, hence the anxiety of Great Britain for the Russia 

 sugars and a similar anxiety for some of the new Cuban crop, is likely to bring about 

 in the near future a buying demand for Cuba sugars in competition with the United States. 



A touching of bottom in beet prices soon and the turn upward again will likely de- 

 velop into buying Cuba sugars for Great Britain. 



Under present and prospective conditions the present Cuba crop as to size becomes 

 the most important now visible feature of the campaign. Prices for planters will be 

 so extremely lucrative that there is everj^ incentive to make as large a crop as is prac- 

 ticable. The same may apply to Porto Rici) and all other cane producing countries. 



The U. K. in its need for supplies has already returned sn.ooo tons of Javas iv.m 

 their India destination to the home market and the world will l)e searched for enough 

 invisible supply to prevent an actual large decrease of consumption in non sugar pro- 

 ducing countries like the United Kingdom. 



Lowest prices of the campaign are likely to rule as usual during the first quarter 

 of the Cuba crop season. The United States ran so far short of supplies during the 

 interim between crops that the Louisiana and domestic crops were seized upon to meet 

 the situation as soon as they appeared. These sugars have gone and arc going into 

 consumption so rapidly as to leave the country open for a large consumption of cane 

 sugars as soon as they can be had freely. 



We look for higher than present prices to rule as an average for this campaign year. 



Crop estimates have not changed materially since our last report and are not likelv 

 to become much improved later. 



Xew York. December 12, 1911. 



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