34 



THE CUBA REVIEW 



discussed. We doubt if Cuban planters should change their manufacture to meet a 

 demand from sugar consumers which we do not believe will ever materialize to an im- 

 portant extent against the general use of refined sugar in this country. 



Th domestic refined beet crop is now on the market and all refined prices have rapidly 

 declined from the high point of 1913 of 4.80c. per lb. less 2 per cent at! our last writing 

 to the present quotations of 4.25c. less 2 per cent for cane granulated and 4.15c. less 2 per 

 cent for the domestic beet granulated at the East and 4.05c. less 2 per cent at the West on 

 New York basis. 



At below 4.00c. per lb. net cash with freight deducted the values at factories leaves a 

 much less profit than usual. 



The immediate future of the market tends to further small decline in both raws and 

 refined until a point is reached more settled than just now. 



New York, October 15, 1913. 



Iron Mines of Cuba 



3,000.000.000 TONS OF ORE 



Charles F. Rand, president of the Span- 

 ish-American Iron Company, testified on 

 October 10th in the hearing of the United 

 States government's suit against the United 

 States Steel Corporation. Mr. Rand has 

 been head of the Spanish-American Com- 

 pany for twenty years, and had also been 

 connected with the Ponupo Manganese 

 Company. 



"When did shipments begin from the 

 Cuban south coast?" asked David Reed, 

 representing the corporation. 



"In 1S95," replied the witness. 



"When did shipments commence from the 

 north coast?" 



"In 1909, by the Spanish-American Com- 

 pany. 



"When was it discovered there?" 



"In 190ii. The lands were taken over by 

 us." 



"What are your reserves at Santiago?" 



"About 3,500,000 tons." 



It was brought out, on cross-examina- 

 tion, that only one-half of the drying kilns 

 of the company were used. About 1,300,000 

 tons of ore had been shipped to the United 



States, the witness said, the majority of 

 this being used by the Pennsylvania Steel 

 and the Maryland Steel Companies. To 

 outside persons, he said, 50,000 tons had 

 been sold. 



Mr. Rand estimated the iron ore reserve 

 in Cuba as 3,221,000,000 tons, distributed 

 as follows : 



Mayori District, Spanish-American Iron 

 Company, 600,000 tonnage ; Lenori Bay 

 District, Guantanamo Exploration Com- 

 pany, 69,000,000 tonnage ; various indi- 

 viduals (estimated), 3,000 tonnage; total, 

 84,000,000 tonnage; Moa-Taco District, 

 Spanish-American Iron Company, 800,000,- 

 000 tonnage ; Bethlehem Iron Mines Com- 

 pany, 370,000,000; Buena Vista Iron Com- 

 pany, 300,000,000 ; Guantanamo Explora- 

 tion Company, 141,000,000; Eastern Steel 

 Company, 50,000,000; Pilot Mining Com- 

 pany (United States Steel Corporation), 

 210,000,000 ; various companies and indi- 

 viduals, 300,000,000. 



Camaguey District — Bethlehem Iron 

 JMines Company, 3,500,000 tonnage; Juruga 

 Iron Company, 2,500,000. Total, 6,000,000 

 tons. 



Notes from Advertisers 



SECURES RESULTS FROM ADVERTISING 



The Buda Company state that they have 

 sold many of their gasoline railroad cars to 

 the sugar plantations in Cuba and wish to 

 say that those who have not received their 

 handsomely illustrated catalogue No. 191, 

 will receive a copy upon request. 



The cars are especially designed for 

 plantation use and are a necessity for plan- 

 tation managers. Names of sugar estates 

 which have purchased the cars will be sup- 

 plied willingly at the ofiice of the company. 

 From their advertisement in The Cuba 

 Review they have received many inquiries 

 and have made sales. 



AN IMPORTANT CONSOLIDATION 



The Cook Farms and the Cloverdale 

 Jack and Percheron Farm of Lexington, 

 Kentucky, have consolidated and will be 

 known hereafter as the Kentucky Jack and 

 Percheron Farms. J. F. Cook and H. T. 

 Brown are the proprietors. They have 

 recently bought the Union Stock Yards on 

 West Fourth Street where they will have 

 their sale barn. They will have in stock 

 this season 200 heads of Mammoth jacks 

 and Percheron horses. The _ catalog will 

 be ready Nov. 1st and they will be glad to 

 have all intending buyers of jacks and 

 Percheron horses to visit their farms. 



