30 



THE CUBA U E \ 1 E W 



THE SUGAR INDUSTRY 



NEW SUGAR MILL TRANSACTIONS 



Mr. II. I). Ni'villf. in I arts Ahoitl siiijdr 

 reports tlu' fiillowiiii: traiistictions and 

 op*:'ration.s in sugar properties in Culta : 



Tlie Buenaventura Sugar Company, witii 

 a eapital of $2,.j<> >,< M H ». luis been formed 

 recently and lias purchased tlie Hacienda 

 Buenaventura of al»out 2,<km.» cal)allerlas 

 (.f land, situated just south of Jaguey 

 Grande and west of Cienfuegos. The 

 hacienda is connected with Jaguey Grande 

 liy rail and is said to consist in great 

 part of fertile forest lands, while within 

 its boimdaries is a secure harhor for deep 

 draft vessels. 



It is announced that the compMuy in- 

 tends to build a mill of 2(M».ihk» hags ca- 

 pacity, which will i)e ready to grind in 

 the 1921-22 crop, and that land to he dis- 

 tributed to colonos has already been allot- 

 ted antl the work of felling tiie forest and 

 lire|i:iring for planting has ])egun. The 

 officials of the Buenaventura company 

 are : Maximo Yebra, president : Rafael 

 Aguirre, O-scar Mestre, Victor Gonzalez 

 and Luciano Yebra. dir(>ctors: Segundo 

 Lopo, treasurer; Dr. Fernando Ortiz, sec- 

 retary : Juan M. Snard, manager. 



Another new mill iiroject is amiounced 

 in connection with the i>urchase by Sr. 

 Cesar Bodrigtiez Morini. president of the 

 Cabaiguan Sugar and Ilaihvay Company, 

 of the jiroperty known as "Martin Lopez." 

 situated in the numicipal districts of 

 Sancti Spiritus and Camaguey and for- 

 merly owned by a son of Sir William Van 

 Horne. This property is said to embrace 

 about 7(k;» caballerias, mostly forest land, 

 clearing of which will be l»egun next 

 November in preparation for planting 

 cane and building the mill which Sr. 

 Miirini proposes to erect. 



PROPOSED SUGAR REFINERY AT 

 CIENFUEGOS 

 A number of the leading bankers of the 

 city of Cienfuegos, among whom are 

 Messrs. Nicolas Castano, Comingo Naza- 

 bel, Felipe Tiboa, Eusevio Delfin and Dr. 

 Fernandez, recently held a meeting at the 

 oflice of Jose Ferrer for the purpose of 



forming a company to build a large sugar 

 refinery at Cienfuegos. The formation of 

 the company was agreed to and capital 

 stock to the amount of $5<h),000 was is- 

 sued and subscribed at a value of $100,000 

 each share. The foregoing bankers per- 

 sonally subscribed to 50% of the total 

 ( aiiitalization. 



Work on the new refinery is now under 

 way. It is hicated on the property of 

 Domingo Nazabel. known as the old Gas- 

 meter ground, and will be in operation for 

 next year's sugar crop. 



PURCHASE OF MILL BY CHARLES E. 

 HIRES 



-Mr. Charles K. Hires, Sr., has piu"- 

 cliascd the extensive Dos Itosas sugar 

 lilantation and mill in Cardenas. The pur- 

 chase made by Mr. Hires is for the pur- 

 pose of assuring a supply of sugar for his 

 factories in the United States where 

 ■•Hires." ;i widely known beverage, is 

 Iiroduced. 



1 1 is icpui-ted tliat Mr. llii'es is nego- 

 tiating tor a big bottling plant in Havana 

 which will be devoted to supplying the 

 ' 'ubaii demand and later will be the center 

 of suiiply for all of the South American 

 countries. 



The Dos Rosas mill is located at Car- 

 denas and draws its supply of cane from 

 l."),(;Oii acres conrroUed directly by the 

 Hires interest with about 7,000 more 

 acres, the crop of which has been con- 

 tracted for. The iirice paid in the 

 transaction is in the neighborhood of 

 .S2,0< lO.OOO. 



NEW CENTRAL IN ORIENTE PROVINCE 

 Construction of the new Central "Cayo- 

 Mambi," to be located at the point, is 

 u(t\y under way by the West India Corpor- 

 ation, for .the Atlantic Fruit Company. 

 This will be a modern mill with a capacity 

 of 2,.500 bags of sugar daily, and it is ex- 

 ])ected that for the season beginning De- 

 cember, 1020, this new central will be 

 ready to start grinding and make 200,000 

 bags of sugar. 



