THE CUBA REVIEW. 



27 



SUGAR REVIEW. 



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



Our last sugar review for this magazine was dated August 11. 



At that time the sugar markets of the world were considerably higher than 

 at present. Cuba Centrifugal sugar of 96° test was 4.08c. per lb. duty paid, and 

 is now 3.90c. per lb., a decline of .18c. per lb. 



Beet sugar was 10s. O^d. per cwt. f. o. b. Hamburg, and is now 9s. Sj^d. after 

 9s. 534d. at the lowest. 



Centrifugals maintained the 4.08c. quotation until August 22, when the pres- 

 ent decline began, and values fell to 4c. per lb., remaining there to August 28, 

 when 3.90c. was touched. On September 3 a rally to 3.96c. was made, but lost 

 on the 9th by a return to 3.90c., the present quotation. 



The course of the European beet sugar market was from 10s. O^d. to 10s. l^d. 

 to 10s., to 10s. l^d., to 9s. 5i4d., to 9s. 9d., to 9s. 6d. 



The cause of the downward trend of the sugar markets during this period was 

 the favorable reports received from all growing sugar crops of the world. The 

 weather for the European beet crops has been steadily favorable. Cuba has re- 

 ported encouragingly. Louisiana promises the largest crop in years. Brazil 

 has a much increased crop and will invade the United States markets for the first 

 time in several years to any extent. Java has increased its crop estimate to 

 1,100,000 tons, and some 75,000 tons of this crop are still afloat and unsold avail- 

 able for the American market, filling any gap that may have been thought to 

 require buying of beet sugars in Europe. 



The American beet crop is under improved weather conditions and gives 

 promise of good outturns for the campaign, which has already made abnormal 

 progress in California and will begin this month and next in the States of Idaho, 

 Washington, Utah, Montana, Colorado, Michigan, Wisconsin, and others, with 

 every promise of a successful year. 



CENTRIFUGAL SUGAR 96° TEST. 

 Prices at New York for August. Solid line, 1908. Broken line, 1907. 



