EEE NCO BA Wei V ie Ww 35 
Sugar Review 
Specially written for THE CUBA REVIEW by Willett & Gray, New York, N. Y. 
Our last review for this magazine was dated March 28th, at which time Cuban 
sugars were quoted on the basis of 5'4c. cost and freight. Influenced by lack of demand 
for refined sugar, the raw situation has continued very much depressed throughout the 
entire period and declines have been established until the market is now on the basis 
of 37%c. ec. & f., with sales of both outside sugars and sugars controlled by the Cuban 
Finance Committee at this basis. Another factor which has influenced the market has 
been the delay in tariff legislation, same affecting Porto Rico sugars particularly, of which 
there is considerable quantity pressing on the market and being unsaleable except at 
concessions. 
_ The Senate Finance Committee today ordered favorably reported the Emergency 
Tariff Bill. The strictly tariff features of the bill including sugar were agreed in the 
exact form as the bill passed in the House, the only changes being in the anti-dumping 
and adjustment of Depreciated Exchange features and the addition of an amendment 
by Senator Knox to continue war control of dyes. It was said that the bill will be 
formally reported probably on April 30th, when the Committee will meet again to read 
and adopt the text of its report. It will be brought up in the Senate under the 
present plan on May 3d. 
Tarirr.—The following are the rates of duty on each degree as passed by the House 
of Representatives. 
Differential Duty. Differential Duty. 
20% off on 20% off on 
Basis On Full Duty Cuban Sugar Basis On Full Duty Cuban Sugar 
Test Cents per Degree Cents per Degree Test Cents per Degree Cents per Degree 
100° 2.16 1.728 87 1.64 Pe Sik2 
99 Deel, 1.696 86 1.60 1.280 
98 2.08 1.664 85 1.56 1.248 
97 2.04 Ios2 84 iL by 1.216 
96 (Stan. Basis) 2.00 1.600 83 1.48 1.184 
95 1.96 1.568 82 1.44 1.152 
94 1.92 1.536 81 1.40 1L Ay) 
93 1.88 1.504 80 1.36 1.088 
92 1.84 1.472 79 132 1.056 
91 1.80 1.440 78 1.28 1.024 
90 1.76 1.408 al 1.24 .992 
89 eZ, 1.376 76 1.20 .960 
88 1.68 1.344 75 1.16 .928 
The production of sugar in Cuba continues large; in fact, the crop is making a very 
remarkable showing. for this season of the year. The stock of new crop sugars at the 
shipping ports of the Island has passed the million ton mark, and now stands at 1,002,083 
tons, in addition to which there are some 40,000 tons of old crop sugars in stock. Another 
factory has recently started to grind, making 197 now at work as against 172 at this time 
last year and 195 two years ago. The weather, while unsettled, is not sufficiently so to 
interfere materially with cane-cutting or sugar-making operations. However, the un- 
favorable financial situation is likely to be the determining factor in the final outcome, 
as a few factories in the Island have now become so involved that they will very likely 
have to cease operations. Owing to the uncertainty due to the abnormal conditions 
now prevailing, we have been adjusting our figures of indicated out-turn from week to 
week, using the crop of 1918-19 as a basis. The production to date is 2,090,000 tons 
compared with 2,320,000 tons to the same date in 1918, and using 1918-19 crop as a basis, 
indications now point to an out-turn this season in the neighborhood of 3,750,000 tons 
of sugar. 
We have an interesting cable from the Philippine Islands this week stating that the 
Philippine crop is estimated at 289,000 tons, of which 172,000 tons are Centrifugal sugars. 
This is the first time that Centrifugal sugars have exceeded the old-fashioned Muscovado 
