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 February 13, 1913. 



At that date the quotation for 96 test centrifugals was 3.48c per pound. They had 

 been sold at 2 l-16c c. and f. in January, hhit were then 2%c c. and f. These quotations 

 of 2 l-16c c. and f. and 3.42c per pound duty paid, proved to be the- lowest of the present 

 Cuba crop campaign, and the market has slowly and steadily improved until at this 

 writing the quotations are 2 7-32c c. and f..and 3.5Sc per pound duty paid, showing an 

 advance for the month of 10c per 100 pounds. 



While this is not a large rise, still it is important as coming at the height of th« 

 sugar-making season. 



The weekly receipts do not show an excess over what they should be to complete the 

 full crop expected. These receipts should reach monthly amounts as follows, say 

 March, 430,000 tons ; April, 400,000 tons ; May, 310,000 tons ; June, 150,000 tons and after 

 July 150,000 tons. 



The about 200,000 tons thus far made above last year to this time have been freely 

 distributed and do not show much of an increase of stocks on hand, for the reason that 

 the year began in the United States with stocks at a minimum for both visible and 

 invisible, both of which have been replenished freely from the Cuba crop thus far. 



It is a notable feature also that in Europe stocks have not largely accumulated from 

 the large beet crops, in fact the United Kingdom is suffering from an insufficiency of 

 supplies and is calling upon Cuba for assistance. 



This is brought about partly by the disastrous outfurn of the Russian crop of beet 

 sugar. Russia in previous prosperous years not only exported a limit of 200,000 tons to 

 convention countries, with a large surplus over, but demanded from Brussels the privi- 

 lege of exports of 50,000 tons more, say, 250,000 tons. 



The vagaries of weather conditions has changed this prospective exportation into a. 



The 



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The "Crescent" Thermometer has a well earned reputation for 

 its perfect workmanship, lasting accuracy, and handsome appear- 

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 You should have a copy of our handsome catalog fully illustrat- 

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 yours for the asking. 



Write for Catalog M. 27 



The Schaeffer & Budenberg M'f g. Co. 



CHICAGO BROOKLYN, N. Y. Pittsburgh 



