THE CUBA REVIEW 33 
SUGAR REVIEW 
Specially written for The Cuba Review by Willett & Gray, New York, N. Y. 
Since we last wrote you on October 28th we have issued our new estimates of the 
sugar crops of the world for the 1920-21 season. There have been a few slight changes 
in these estimates since they were first published, but the latest figures are given in 
the table herewith. We place the grand total of cane and beet sugar to be expected 
during the new campaign at 17,232,900 tons, an increase of 1,922,076 tons over the 
latest figures for 1919-20. Of this amount the total cane crops are estimated at 
12,682,900 tons and the beet crops at 4,550,000 tons. As regards Cuba, reports have 
been slow in coming in on account of the unsettled financial conditions in the Island, 
which causes some of the factories to hesitate in giving out any estimates until 
conditions improve. Weather in the Island, however, has been quite favorable gen- 
erally, although the eastern half has not had as abundant rainfall as could be desired. 
There has been an increased planting reported in quite a number of sections and 
furthermore there are a number of new factories now complete or in course of con- 
struction which will add to the outturn. Many of the old plants have increased their 
eapacity, all of which would naturally tend to show an increased production. For 
the present, therefore, we are satisfied to put the indication for Cuba down at 4,000,000 
tons, which appears to be conservative. The Porto Rican crop we estimate at about 
the same as last year, while in the Hawaiian Islands a small increase is looked for. 
Our domestic crop in Louisiana will be nearly double last year’s, although same has 
by no means reached the normal of other years. Owing to the very favorable weather 
and other conditions affecting our domestic beet crop we also look for a material 
increase there and an outturn of 950,000 tons is not at all unreasonable. 
The New York raw sugar market was quoted at 7%c cost and freight at the time 
of our last report, since which date further decline has been recorded until the 
quotation is now on the basis of 4%c c. & f., at which there is only a small buying 
interest, the demand for sugar at this price being limited on account of the very 
light demand which our refiners are still experiencing for refined sugars. Quotations 
for refined have also followed the course of the raw market and are today on the 
cane granulated basis of 9c f. 0. b. seaboard refining point generally, with the 
exception of one refinery in New York, which quotes 8%c less the usual discount 
of 2% for cash. Sugars held by second-hands have of necessity been offered at less 
than refiners’ prices and granulated could probably be bought today from this source 
at 8'4¢ basis. 
‘Regarding Cuba, movement of the old crop continues normal for the season of 
the year, arrivals at shipping ports and exports being only small and reflecting the 
small amount of business being done in Cuban sugar. Stock on the Island at latest 
date was reported as 265,857 tons, while 137,884 tons were reported at the same time 
last year. According to private cables received here, one central, the “Baguanos,” is 
reported to have started grinding the new crops, while eight were working at this 
time last year. Our correspondents, Messrs. Guma-Mejer, have sent us a very interest- 
ing table showing the outturn of the 1919-20 crop by ports as under: 
CUBA CROP, 1919-20—Outturn by Ports.—Messrs. Guma-Mejer’s report, dated 
October 18, 1920: 
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IVES epIMZA Suerte act ira lbuiaSe antay Aieneta la ehetsics 2: SEA et geen ok hua apeinel Sara arate Sides 
MW AEGLETUAS CH Te oR eee eros ako tilelicnay oar Gaweecons 18 Lorde Dae UN nu RE HANUMAN, PROV AR 1% 
HSMM TOS ne FE CR et ora ase ee 1a 3 fs A aE ANE ae Se Oo PUT GO nin es 
A a says ec eons cabot ae cor AG Sis lene NG avis Cath fog pelzalo anes 
AD HO ELC TINGE eS esate Et tey ka naste NS cyale ails 15 gS erin oaenceeit ots Ogre eine ale 78 ts CAD I 04 
GRU GINA Olaseete sia c esossanew. Sar eho iene susie 12 oe Ree ae Sher Mena Aer a nae 740,198 “ 
CHOLES, cr ee eet tat aa oor ce oes T aie Fiera nacs Seti gs ene, a ecenne O A (AEDES 
