26 



THE CUBA REVIEW. 



SUGAR REVIEW. 



Cuba's Crop Now Promises 925,000 Tons. Consumption requirements in the United 



States will Absorb Remaining Available Sugar in Cuba. A Renewal 



of Upward Movement in Values Soon. 



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



During the month elapsed since the writing of our last sugar report for the 

 Review, April 13, the developments in the sugar trade of the world have not 

 been of much importance, as the period covers the closing up of some crops 

 and the preparations for other crops for another year's campaign. 



The Cuba crop has not met the extremist's views as to its size outcome, 

 iind now shows a visible of 851,000 tons, which is more than some persons esti- 

 mated for entire crop, which noAv promises at least 925,000 tons total. 



European speculators were quick to accept the very worse statements of 

 the Cuba crop and acted upon them to the extent of raising the price of beet 

 sugar to Us. ll^^d. per. cwt. f. o. b. Hamburg about the last of April, but 

 having to abandon their positions when recognition of larger^ crop figures be- 

 came necessary so that beet sugar at the close has reacted to lis. 7i/<d. 



Our local markets, being less sensitive to daily advices, have not experienced 

 a very marked fluctuation in values. 



When we last wrote, Cuba Centrifugals were 4.36c. per lb. duty paid, and 

 3^c. c. &f. for May shipment. Now they are 4.36c. per lb. duty paid, and 

 3c. c. & f. for May shipment, having been no lower, and werfe at one time a 

 little higher at 4.49c. per lb., April 22, and 3 3/32c. c. & f. for May shipment. _ 



Interest centers now on the requirements for consumption in the United 

 States to September next, and it is e^adent that such needs will be sufficient 



SUGAR PRICES FOR APRIL. 



Centrifugal Sugar g6° test. Solid line 1908. Broken line 1907. 



