32 THECU BARE VIEW 



SUGAR REVIEW 



specially written for THE CUBA REflElV by U'iilett & Gray, New York. 



On date of our last letter, March ord, the market was quoted on the basis of 

 11.41c duty paid, or say 10% c e. & f., while at this writiuf: the niarliet for spot sugars 

 is on the basis of 12.T9c or 11 %c c. & f., with sugars for April/May sliipiiient sold 

 at 13.04c duty paid or 12c c. & f. During the past week or so the market has been 

 active and showing a steady advance. Business on the f. o. b. Cuba basis has been 

 restricted owing to the fact that the Royal Commission has been out of the market. 

 Operators, liowever, have bought sugars, the last price paid being ll.T.jc f. o. b. Cuba 

 for Northside loading and 11.50c for Southside loading. 



In discussing the marl<et situation we note here that as a matter of interest we 

 have been looking through our records and find that the last time at which raw sugars 

 sold as high as 13c per pound was in 1S69. 



According to advice from Cuba the weather has taken a favorable turn after the 

 dry spell in the past two weeks, heavy rains being reported from many sections. Re- 

 ceipts at the shipi)ing ports continue large and this week have reached the peak so 

 far in this ciimpaign at isl.fMK; tons. The numlter of centrals grinding is now 11M» and 

 visible production has reached the figure of 1,740.022 tons, being some 2:'.0,(Mif» tons 

 ahead of last year at corresponding date. 



Our Cuban correspondent, Messrs. Guma-Mejer, gave us the folbnving details of 

 their 1919-20 crop estimate, receipts of same having been delayed owing to the printers' 

 strike in Havana : 



1919-20 CUBA CROr ESTIMATE BY PORTf^.— MESSRS. GUMA-MEJER'S 

 ESTIMATE OF DECEMBER 24. 1910 



Estimate hij Ports Centrals Bafjs 



Havana 23 2,s20,rK'»0 



Matanzas 23 3.80T,fiOO 



Cardenas IS 3.200,000 



Cienfuegos 23 3,033,000 



Sagua 16 1,S9.o,000 



Caibarien 15 2.005,000 



Guantanamo 12 897,000 



Cuba 7 870,000 



Manzanillo 9 833,000 



Santa Cruz 1 490.000 



Nuevitas 16 3.410,000 



Antilla 12 l,690,0r>0 



Nipe Bav 1 500,000 



Jucaro 9 3,000,000 



Gibara and I'lUMto radn- 3 1,4.50,000 



Banes 1 520.fKX> 



Manati 1 500,000 



Zaza 1 30,fir)0 



Trinidad 1 100,000 



Total 192 31 ,0.")0.000 



Toxs 4.4.35,714 



We have heard it reported in the market that of the 1919-20 Cuba crop at least 

 2,250,fKX) tons have now been sold for shipment from January to June, of which 

 slightly over a millif)n tons are still to come forward. With such a large proportion 

 of the crop sold the Cuban holder is in a position to refrain from offering his sugars 

 until the market reaches a price at which he feels it is satisfactory to sell.i This 

 accounts, to a consideralde extent, for the strength disi)layed recently when indica- 

 tions would otherwise point to a decline. 



