34 



THE CUBA REVIEW 



SUGAR REVIEW 



Specially Written for The Cuba Review by Willett & Gray, of New York 



Our last review for this magazine was dated May 13. 1912. 



All that time the quotation for centrifugals was 3.92c. per lb., 96 test duty paid and is 

 still the same with only trifling changes in the meantime. 



European markets for beet sugar have fluctuated from 12s. iVtid. (4.62c.) to 12s. 6d. to 

 lis. 11 %d. to 12s. %d., lis. llVid. to 12s. 3%d. to lis. T^d. to 12s. %d. to lis. 9d. to 

 lis. 10 %d. at the close. 



These small fluctuations indicate a comparatively steady market at home and abroad 

 with no special disturbing incidents of importance. 



The most notable feature calling for attention is the negro insurrection now going on 

 in the Island of Cuba, in its influence on the sugar situation. 



There is little doubt but that its existence has caused our sugar market to be less strong" 

 in tone and tendency than it would otherwise have been. 



Naturally there is more disposition to sell sugar out of the Island for its safety, of 

 which circumstance buyers are sure to take advantage. The crop is practically all made 

 so that the insurrection cannot materially curtail its size. In view of the large increase 

 of production in Cuba to date over the big crop year 1910, we have increased our estimate 

 of the present crop of Cuba to 1,850,000 tons. 



Advices just received increase the estimate of Porto Rico crop to 320,000 tons. 



As regards tariff legislation nothing has been accomplished thus far and the Senate has 

 postponed action until after the two Presidential Conventions have been held. The Re- 

 publican Convention for the nomination for President of the United States begins next 

 Tuesday at Chicago, and the Democratic Convention follows right after at Baltimore, Md. 



European crop reports continue favorable in all countries and it is becoming evident 

 that sugar supplies over there are to be sufficient for the requirements for consumption 

 up to the next crop w-ithout calling upon Cuba for further supplies. 



As regards supplies for the United States for balance of year, we have just completed 

 an estimate which we incorporate in this review^ as follows: 



At this time of the year it is interesting to estimate the available supplies and the 

 probable requirements for meltings to December 31st next, after which date the next 



Andreita Sugar Mill, Santa Clara Province. Cuhan-Spanish ownership. Ovitput averages 



130.000 bags annually. 



Inqcnio de azticar Andreita. en la Prozincia de Santa Clara. Es propiedad espauola. La pro- 

 d'lccion aniial axricndn A 1.^0,000 sacos de asi'icar por termino medio. 



