Dh Jal Ji (CAG! 3 See IE AY IIE AY. 33 
Sugar Review 
Specially written for THE CUBA REVIEW by Willett & Gray, New York, N. Y. 
Our last review for this magazine was dated April 28th, at which time the raw sugar 
quotation was on the basis of 37c. c. & f., but since that date the market has shown 
an upward turn and the quotation at this writing is 5.06c. duty paid with sales of full 
duties and other sugars at this equivalent. The Sugar Finance Committee, however, 
have maintained their price unchanged at 37%c., c. & f., at which price they have 
recently sold some 75,000 bags Cubas. The market continues steady and practically 
all refiners have participated in the buying with a result that a large part of the sugars 
‘held in store here or nearby on lighters has been cleaned up. 
In the refined situation there is no change to report, with business at the moment 
rather light, although a large demand has been experienced during the past two or three 
weeks, which has tended likewise to influence the raw situation. Refiners’ quotations 
are irregular, ranging from 6.30c. to 6.60c. less the usual 2% for cash. One of the incen- 
tives to purchase has been the withdrawal of the Tariff clause from refiners’ contracts 
and also the willingness on the part of some refiners to accept 30-day contracts. 
The Emergency Tariff Bill, which assesses 60c. per 100 pounds additional duty on 
96° test Cuba sugars, has now passed Congress and awaits, at this writing, the signature 
of the President. The bill is expected to become effective immediately after signing. 
It looks to us as if the additional amount of duty must cause some increase in the prices 
of refined sugar as it does not seem reasonable to expect the refiners to assume the entire 
60c. per 100 pounds additional, there being no indication that the raw sugar market will 
decline to any such extent. 
There is no special change to report in conditions in the elon of Cuba. The 
Centrals are now beginning to close down rapidly and at this writing 172 are at 
work. The weekly receipts at the shipping ports recently have continued to exceed 
the receipts for the corresponding weeks last year. The stock of sugar held in the Island 
is very large and the past week has seen a new high record, the stock now amounting 
to 1,283,445 tons of new crop sugars and 28,798 tons of old crop. The visible production 
to date stands at slightly better than 2,500,000 tons against 2,950,000 tons last year 
and 2,940,000 tons in 1919. Owing to the uncertainty of the outturn of the crop, due 
to the abnormal conditions now prevailing in Cuba, we have been adjusting our figures 
of the expected outturn from week to week using the crop of 1918-19 as the basis. Under 
these conditions the crop now harvesting indicates, at the present time, an outturn of 
3,620,000 tons. 
Since our last review we have compiled our figures on the outturn of the domestic 
beet crop in this country for the season 1920-21 and same is appended herewith. 
AMERICAN Best Crop 1920-21.—(Final Figures.)—We have now completed the 
compilation of the outturn of the 1920-21 Beet Sugar crop in the United States, and give 
below the results as obtained from the reports of the 97 factories which operated. 
The outturn during the season 1920-21 was the largest on record, amounting to 
969.419 tons of sugar, and far exceeding any previous yield in the history of our domestic 
industry. The largest previous production was 779,756 tons in 1915-16 which latter crop, 
it is interesting to note, was produced by only 67 factories. Production in 1919-20 
amounted to 652,957 tons and in 1918-19, 674,892 tons. The favorable weather during 
the growing and harvesting periods contributed largely to this greatly increased pro- 
duction. 
The State of Colorado continues to lead as the largest producing State, with an 
outturn of sugar during this campaign amounting to 262,941 tons. California continued 
as the second largest producer with 149,997 tons, and Michigan third with 148,936 tons. 
The State of Utah was fourth with 145,170 tons and Nebraska fifth with 79,924 tons. 
Ohio showed a good increase over last year’s crop, outturning 42,190 tons of sugar. 
