26 



I'HE CUBA REVIEW. 



CAPE CRUZ COMPANY, CUBA. 

 Situated at Eusenado de Mora, between Manzanlllo and Santiago. Mill from tbe west. Total railway 

 mileage 8 miles, 30-inch gauge. Equipment, 2 Baldwin Locomotives and 1 Porter, 90 cane cars, capacity 

 16 tons each, 833 oxen, 32 mules and 47 horses. The plantation has an electric plant used for lighting 

 purposes only. 



SUGAR IN DECEMBER. 



Specially written for The CUBA EiEVIEW by Willett & Gray, of New York. 



December opened with Centrifugal 96 test at 3.6215,0. per lb., which remained 

 ithe quotation on a dull market until the 9th of the month, when a sale of 13,000 

 bags Cuba centrifugals raised the price to 3.77c. per lb., immediately followed by 

 3.85c. per lb., which remained the quotation to the end of the month. 



Beetroot sugar in Europe opened at 9s. 4^d., rising rapidly to 9s. 7^d., and 

 later at the close of the month to los. 



The transactions in December were very light in old crop sugar throughout 

 the month, owing to the small supplies on the market, but with the entrance of 

 aiew Cuba crop centrifugals on the 14th at 2^c. c. & f . 96 test basis, the business 

 in such rapidly increased for January and February shipment, estimated at 

 •70,000 tons. 



On the 4th of December, President H. O. Havemeyer of the American Sugar 

 Refining Co., died, after a short illness, thus removing the most prominent figure 

 ■oi the generation in the sugar trade of America and Cuba. Mr. W. B. Thomas 

 16 now president of the Company, and important changes in its methods are in 

 progress, especially as regards greater publicity to its affairs. 



The American Congress met in session at Washington on the 2d, and a bill 

 was introduced in the House of Representatives on which hearings will begin 

 January 20 in the Committee of Ways and Means to rediuce the duties on 

 Philippine Islands sugar to 25% of the full duty rates, with free sugar after 1909. 



Neither this bill or any other is likely to be passed before the whole tariff 

 question comes up after the next Presidential election. 



Some transactions were made in London in Russian sugars for future deliverry 

 it)ased upon the new conditions to prevail after S'eptember i, 1908. These sales 



CAPE CRUZ COMPANY ESTATE— VIEW PROM WHARF— 962 FEET 20% WATER. 



