THE CUBA REVIEW 



35 



prices being 'Js 6d (4.Uoc. at New York) for September, 9s S^/id (3.97c.) for October, 

 which means new crop and 9s 6d (4.05c.) for futures of May delivery. 



The Java crop by our recent cable of last week is estimated at 1,450,000 tons against 

 1,331,180 tons last year. None of the Java crop is thus far exported for the United 

 States, which is another quite unusual thing at this season. 



The domestic cane sugar crop of Louisiana is estimated at about 300,000 tons to come 

 on the market October to January. This crop will almost entirely disappear as a factor in 

 sugar supplies during the coming three years, being virtually voted out of existence 

 with the coming of free duty sugar after May 1, 1916. 



The tariff bill passed the Senate as printed in our paper of April 10, 1913, the new 

 rates of duty taking effect March 1, 1914 and free duty May 1, 1916. 



The No. 16 Dutch Standard color test is eliminated on the passage of the bill allowing 

 raw sugar of above No. 16 D. S. to come into the United States at the rates of duties 

 per degree of polariscopic test as specified in the present law. 



After March 1, 1914, the differential on refined will be eliminated also allowing refined 

 sugar to come in at the polariscopic duty rates for raws without the extra duty assessed 

 now because it is refined. 



These tariff changes are likely to produce a somewhat important effect on the sugar 

 trade in the United States as well as upon the sugar markets of the world, which 

 changes cannot at this writing be clearly foreseen, but must be developed after March, 

 1914, by the actual working of the new measure upon the trade generally. 



At the close the market is very quiet in the absence of buyers from the market for 

 some time past. Sellers offer very freely centrifugals for shipment at 2 7/16 per lb. 

 c & f and simply wait for buyers to appear. 



New York, Septemlier 1."), 1913. 



Sugar Estate and Crop News 



Sugar exports and stock in existence on 

 August 31st, compares as follows from the 

 figures supplied by Messrs Guma and Mejer 

 of Havana. The quantities are given in tons. 



1911 1912 1913 



Exports 1,381,713 1,645,326 2,080,885 



In existence 28,070 163,410 204,461 



The distriljution of the export sugar was 

 as follows : 



Three ports 



north of 1911 1912 1913 



Cape Hatteras. 1,194,303 1,313,081 1,504,682 



.\ew Orleans... 178,267 191,235 258,300 



Galveston 7,8.-,7 17,944 24,830 



Canada 4,914 8,998 



V^ancouver 27,9.")4 



Curacoa -^ 



Europe 1,286 118,002 256,093 



SUGAR CROP AND RAILROADS 



The sugar crop will reach 2,418,000 tons^ 

 easily beating last year's record of 1,89."),000 

 tons, and, as more land has been put un- 

 der cultivation, only favorable weather is 

 required to ensure an even larger yield in 

 1914. .\'o vvfjnder the carriers have done 

 well, and the financial outlook is decidedly 

 encouraging, scarcity of laltor and corre- 

 spondingly liigh wages being the only flies 

 in the ointment. The United of the Ha- 

 vana system had a minute traffic increase 



of £19 last week, and the afiliated Western 

 a decrease of il9, but Havanas have im- 

 proved, in sympathy with other stocks in 

 this section, and I shall not be surprised to 

 see them in the nineties before the accounts 

 for the past twelvemonth make their ap- 

 pearance in October. Cuban Centrals 

 have made a move, the quotation on 

 Atagust 15th of 5 3-32 for the Ordinary 

 l)eing the highest for many a long day, 

 and Imyers of the £lO share at tliat figure 

 are not likely to have cause for repent- 

 ance. — Financier and BitUionist of London. 



CENTRAL "SANTA CATALINA" LEASED 



The final papers have been signed at 

 Cienfuegos for the leasing of the large 

 sugar central "Santa Catalina," located at 

 Cruces, which, until recently, was leased 

 by Messrs. Ulacia, rich proprietors of tlie 

 province of Santa Clara. Said central has 

 been transferred into the hands of Messrs. 

 Richard Diaz, Donato .Artime and Car- 

 dona & Company, and with their recog- 

 nized ability, it will only be a short time 

 l)efore tlie production of this plantation 

 will be materially increased. 



The new company which has leased the 

 central "Santa Catalina" will introduce 

 very great improvements. 



The work of renovation and cleaning 

 will begin shortly, and a great many la- 

 linrers will find employment at this central 

 up to Xhv next Iiarvest. 



