THECUBAREVIEW 31 



SUGAR REVIEW 



specially written for THE CUBA REVIEW by Willett & Gray, New York. 



Since we wrote j'ou last, on June SOtli, our raw sugar market has further de- 

 clined and is now on the basis of 15 % c. c. & f . for 96 deg. test Centrifugals. However, 

 the market is irregular and sales are being made at varying prices with demand 

 principally for outports where sales were made at 15^c. c. & f., while the best obtain- 

 able at New York was ISi^c- c. & f. However, this demand has ceased. 



It is interesting to note that recently Cuban sugars originally shipped to Hol- 

 land have arrived here to New York refiners, having been resold in this market. Sev- 

 eral lots of American granulated, originally shipped to European countries, have also 

 been returned under resale. A cargo of Javas and Mauritius, totaling about 7,000 

 tons, has also arrived at New Orleans. In fact, the arrivals of these White sugars 

 continue large, totaling for the month of July to date some 66,273 tons. 



So far as the refined sugar situation here is concerned the market is very quiet, 

 prices ranging from 21c. by Arbuckle to 22i^c. by the American. The latter refiner, 

 however, is at the present time offering granulated sugars for shipment during Janu- 

 ary, February and March, 1921, at 17c., but is finding only a limited demand at this 

 price. So many of the large buyers here have availed themselves of the opportunity 

 to purchase outside White sugars which are now arriving that the demand for supplies 

 through regvilar channels continues very light. 



The old crop in Cuba is practically at an end, five Centrals only being at work 

 with a production by those which have finished, of 3,493,884 tons. The general 

 showers which have fallen recently throughout the Island have been very favorable 

 for the growing crop. It still looks to us as if the production this season would ex- 

 ceed the figure estimated of 3,650,000 tons, by at least some 100/150,000 tons. 



We have issued since our last Review, our semi-annual figures on the consump- 

 tion of sugar in the United States for the six months, January-June, which amounts 

 to 2,207,428 tons, against 2,120,609 tons in 1919 and 1,915,947 tons in 1918 for the same 

 period, the figure showing therefore an increase of only 86,819 tons or 4.094% over 

 last year. It had been the general opinion that the consumption of the first six 

 months would show an immense increase on account of prohibition and the resulting 

 increase in the consumption of candy and soft drinks, but the extent of the increase 

 was curtailed to a large degree by the high prices and the inability of buyers at times 

 to secure sugar when needed, on account of railroad congestion, strikes and other 

 conditions. 



On .July 23d we issued our first estimate of the American beet crop sowings for 

 the next crop, the details of which are given in full below : 



AMERICAN BEET SOWINGS AND POSSIBLE YIELD.— First Estimate 1920-21 

 Crop. — The following table gives the estimated maximum and minimum acreage of the 

 sowings according to the reports received by us from the factories for the 1920-21 

 campaign : 



No. of 

 Factories 



Ohio 5 



Michigan 17 



Nebraska 5 



Colorado 18 



Utah 18 



Idaho 8 



California 11 



Other States *19 



101 979,191 925,061 90 679,822 



