34 THECUBAREVIEW 



SUGAR REVIEW 



Specially Written for The Cuba Kevikw by VV'illett & Gray, of New York 



Our last review for this magazine was dated February 15, 1912. 



At that time centrifugals 96 degrees test were quoted at 4.735c. per pound. In the 

 meantime the market became temporarily firmer and prices advanced to a basis of 4.80c. 

 for 96 degrees test, followed by a reaction, which continued steadily reducing prices 

 until the basis of 4.52c. for 96 degrees test was reached and which is now the current 

 quotation for prompt shipment. A considerable quantity of sugar was taken by the 

 refiners, especially of Cuban centrifugals, but not more than usual for this time of 

 the year. 



The boom in prices during February was rather premature and hardly warranted by 

 the general situation, but was largely due to the sudden enormous deinand for refined 

 sugars from dealers throughout the country who were almost entirely out of supplies, 

 thus causing a heavy demand for raws from refiners to cover their sales of refined. 



The trade generally is now well supplied and comparative dullness may be expected 

 for the present. 



On February loth European quotations were basis of 15s 9d for prompt beet sugars, 

 since which time they advanced to 16s 3%d on February 20th, but gradually declined 

 thereafter to the close when 15s %d was reached, the last being the parity of 5.22c. for 

 centrifugals or .70c. above our market, a not unusual difference for this time of the year. 



Our cable advices from Europe to-day report an increase of 75,000 tons in the esti- 

 mate of the Russian beet crop, making the total beet crop for all Europe 6,336,000 tons, 

 against 8,105,126 tons in campaign 1910-11. This increase in the Russian estimate does 

 not give the world any more supply this year, as the Russian exports are limited by 

 the Brussels agreement. 



The latest information regarding Russian exports was received by us in cable dated 

 March 13th, stating that it was "semi-officially reported Russia may export in addition 

 to the regular 200,000 tons, 150.000 tons extra in 1912, 50.000 tons extra in 1913 and 

 50,000 tons extra in 1914." 



European operators are now closely watching reports on the Cuban crop, as the course 

 of the future market depends largely on the production in the island this season; there 

 will be enough sugar in the world if Cuba produces 1,800,000 tons, but any important 

 reduction in this estimate will tend to strengthen the market up to about September 1st, 

 after which date the next European beet crop can be drawn upon. 



Reports on the weather in Cuba as affecting the crop vary daily; recent advices in- 

 dicated fine weather and large receipts, but there has been many complaints since January 

 1st of excessive rains and low sugar yields ; there is so much cane in the fields that 

 authorities do not yet feel justified in lowering their estimates of total outturn, feeling 

 that present apparent deficiencies may be made up if the grinding season can be length- 

 ened somewhat. 



COLECTOR DEL AGUA DE CONDENSACION "LYTTON" 



Importante paralosduenosdeingenios deAzucar 



Para obtener todo el efecto del vapor que generen 

 las calderas de la finca, especialmente en los 



TACHOS AL VACIO 



estos deben estar perfectamente desaguados del 

 agua de condensacion. El 



COLECTOR "LYTTON" 



presta el mas satisfactorio servicio en ese respecto. 



Escritorio para la venta: 



1159 HUDSON TERMINAL, NUEVA YORK 



Fabricado por la LYTTON MANUFACTURING CORPORATION, FRANKLIN, VIRGINIA, E. U. A. 



Agente en la Habana: J. E. Hernandez, Inquisidor 5. 



