THE CUBA REVIEW. 



to absorb all the remaining available sugar in Cuba and require a further con- 

 siderable quantity from Europe. The purchases already made in Europe by 

 our refiners have absorbed so much of the available beet sugar of color and 

 quality fit for the American market, that new purchases must draw upon the 

 European refiners' stock of such descriptions of sugar. 



These refiners are disposed to part with the sugar if the prices ofifered prove 

 satisfactory, but the situation appears to warrant a renewal of the upward move- 

 ment of values just as soon as refiners here feel the need of renewing supplies. 



The outlook for the next European beet crop is thus far favorable by sev- 

 eral weeks of good weather for field work, but there is no indication of any net 

 increase of sowings over last year. This feature is encouraging to the Cuban 

 planter, in its indication of profitable prices holding over the next Cuba crop 

 season. 



While fruit crop conditions are reported unfavorable in a few sections of 

 our country, yet for the most part the outlook is favorable for a continued large 

 consumption of sugar. Refiners are maintaining the usual difference between raws 

 and refined, and the deliveries of their product keep pace with the manufacture. 



At the close, we quote 4.36c. per lb. duty paid for 96 test Centrifugals, 3c. 

 c. & f. for May shipment, and 5.35c. net cash for granulated. 



New York, May 12, 1908. 



Interior of a Sugar Mill. 



