24 TUECUBAUEVIEW 



as iiMli.ni.'d alK.vc, incliuliii;; the freight iiynvd uixm if sold c. & f., and the 

 polaii/atinn l.asls upci. ul.l.l, tli." transaction was .los.'d. All sales mentioned above, 

 the sugars correspond iny to Nvhi.h shall have bwn deliven'd to tlie purchaser 

 within a period of 30 days In.iii the time the sales contract is ,'ntered into, shall 

 be <nnsidered in arriving at the i>romedio sought; and in case .(.nt la.is arc entered 

 Into after tlie cmp has begun f..r the delivery of sugars in instalnicuis at certain 

 specitieil periods, tlie price at wlii<-]» such sales were effected must \>r ...usidered in 

 the calculation of the promedio governing the period during whi.ii i'ach actual 

 delivery is made. No consideration shall be given to sales before the actual com- 

 mencement of any crop, it being considered tiiat the crop has conuuenced upon the 

 date when the first mill shall have started operations. Copies of the sworn declar- 

 ations above referred 1o shall be sent to the organization of Brokers of the dis- 

 tricts in which is situated the i>ort of shipment and also shall be .sent to the 

 Central Organization of Brokers of Havana, such certificates being sent in dupli- 

 cate, one by mail and one Ijy telegraph, within twenty-foiu- hours after they have 

 been authorized. It is also provided that each authorized Broker must inform the 

 proper authorities of each and every sale in wliich he has intervened, and. further- 

 more, it is provided that each organization of Brokers shall inform the Secretary 

 of Agriculture, Conuuerce and Labor, whose Department controls these transactions, 

 of the daily, semi-monthly and monthly quotations arrived at. 



Thus it is that a definite basis has been established upon wliich the colonos 

 shall be paid for the innnense quantity of cane which they furnish annually to 

 our sugar mills. 



.\mong tlie provisions of the decree there are undoubtedly some which could 

 be improved upon. Complaint is already heard on account of the recently declin- 

 ing sugar market from mill owners who either have not been able to sell their 

 sugar at the higli prices prevailing during December and January, or who, spec- 

 ulatively inclinwl, have held for still higher prices, that they are now being com- 

 pelled to pay their colonos as much as 2 cents per pound more for the sugars to 

 which the latter are entitled than the same can be sold for in open market, but 

 it is the writer's belief that with one or two exceptions in which favorable changes 

 could be made in the above decree, the solution arrived at is as fair and practi- 

 cal as is possible. The writer knows at least that careful and disinterested study 

 was given the matter by the most intelligent and best informed men connected with 

 the sugar industry, and believes that the decree as issued with the changes in- 

 dical^'d as possible will stand. 



SALE OF CENTRAL "PALMA" lioscd of iirominciii Aiiicricnii liiiaiiciers 



It is report.Hl that Central •Talma," ^^"*'l -'''^ ^'"^ company a .ontroUing in- 



belr.nging to I'resident Menocal. has been *<^'-'^^* *" l'^"''-'^«0 acn>s of sugar land in 



sold for .^!>.<Mi().WO to a «'anadian svndi- ^"*^^- ^'^^^ f*^^' d^^velopment include the 



cate, the latter to have the benefit of the <^'-^'-non of a central with a capacity of 



crop now being harvested. This crop -^"^►'^'^» '^^^^ '^f ^^^'^ «"P«'' ^^^'^ «-'^l'- and 



should amount to some .-JOO.OOi) bags. '^ ^^ estimated that pn.duction will event- 

 ually reach 000,000 bags annually. Al- 



ready 1,000 acres are being planted in 



NEW SUGAR CENTRAL r-jine. A water front of 75 miles, excellent 



According to an article published in El harbors, docks, warehouses, and 35 miles 



Mercurio on February 0, recent acquisi- of railroad are some of the advantages 



tions of sugar estates by a company com- controlled by the company. 



