34 THECUBAREVIEW 



deliveries as tlic refined l)viyer.s of the country will take, and then advancing list prices 10c. 

 per 100 lbs. Naturally, but little new business conies to refiners until the former contracts, are 

 withdrawn. At the present time, in instances, these booked contracts extend to cover deliv- 

 eries, to close proximity, to the time when the domestic beet crops of refined will l)e ready to 

 offer on the market, and as this beet crop this season promises to exceed any previous crop 

 in history, it would seem that recognition of it, and its ultimate effect on prices near the close 

 of the present campaign year and the beginning of the next crop in Cuba must be taken into 

 account before very long. 



There seems to us little reason for the expectation of more than a comparative small advance 

 and no "boom" in prices of any important size. 



The British Government still keeps control of its sugar supplies, but the change made 

 recently in the British Ministry may possibly open the way for the return of supplying the 

 sugar to commercial sources as in normal times, which, perhaps would be of advantage to prices 

 through competition of importers. One analysis of Great Britain's sugar condition up to 

 May 1, 1915, shows stocks at that time to be 149,800 tons refined, and 193.300 tons raws. 

 The consumption of May estimated at 80,000 tons refined, and 80,000 tons raws, would leave 

 a balance June 1st of 69,800 tons refined, and 113,300 tons raws, not counting imports of May. 

 For importation during May and thereafter, Great Britain has secured sugar in Cuba and the 

 West Indies, including San Domingo, as well as Brazil, the Argentine and a few other countries, 

 to be followed later by Java and Mauritius. 



With all these countries to be supplied from, it would seem that Great Britain is well supplied, 

 with raw sugars at least, but nevertheless, when Cubas decline to a reasonaljly low price, the 

 English Government purchases further supplies. 



The Coffee Exchange Sugar Department continues active from day to day in its dealings in 

 sugar futures, frequently reaching 4,000 tons and occasionally 6,000 tons. The largest single 

 day during this review, was May 12th, 9,900 tons; the smallest day, May 15, 450 tons. 



The closing quotations June 5th, were Julv, 3.97c., September, 4.15c., October, 4.18c. 



New York, June 7th, 1915. WILLETT & GRAY. 



REVISTA AZUCARERA 



Escrita expresamente para la Cuba Review por Willett & Gray, de Nueva York 



Nuestra ultima revista para esta publicacion estaba fechada el 10 de mayo de 1915, en 

 cuyo periodo el aziicar centrifugo polarizacion 9Q° se cotizaba a 35^c. la Ubra costo y flete, y 

 4.64c. la hbra derechos pagados. La cotizacion del mercado hoy es 3%c. costo y flete (4.S9c. 

 derechos pagados). 



Durante el periodo de mayo 10 a junio 7 el curso de las cotizaciones del mercado ha side 

 como sigue: El 10 de mayo, 4.64c.; el 11, 4.77c.; el 12, 4.89c.; del 12 al 18, estable a 4.89c.; 

 el 19, 4.83c.; el 20, 4.89c.; del 20 al 27, estable a 4.89c.; el 28, 4.95c.; del 28 al 4 de junio, estable 

 a 4.95c.; el 7 de junio, 4.89c. la libra. 



Se observara que el mes muestra una mejoria en los precios de 4.64c. d 4.95c., 0.31c. las 

 100 libras, y que las cotizaciones han sido mucho mas estables y sin las frecuentes fluctuaciones 

 observadas en previos meses. Se ha obtenido este resultado en gran parte a causa de que 

 por los avisos que hemos recibido de Java en 26 de mayo se notificaba que hasta esa fecha el 

 tiempo desfavorable impedia la esperada Uegada de aziicar d los puertos de embarque. 



La importancia de este aviso se cifra en el hecho de que la Gran Bretaiia depende en gran 

 manera de los azucares blancos ya comprados de la actual cosecha en ayuda de su consumo de 

 aziicar refinado, y esta demora en los embarques hace que el Gobierno tenga que acudir d los 

 mercados de los Estados Unidos en busca de mayores cantidades de aziicar refinado. 



Las compras aqui de aziicar refinado para exportar a la Gran Bretaiia y d Francia durante 

 semanas recientes pasan de 100,000 toneladas, a precios de 4.50c. d 4.70c. la libra pago al 

 contado, en deposito, libre d bordo Nueva York y Nueva Orleans. 



Asimismo se han hecho compras de azucares centrifugos de alguna consideracion en Cuba 

 para Eiiropa hasta 3.75c. la libra libre a bordo en puertos de Cuba. 



