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THE CUBA REVIEW. 



SUGAR REVIEW. 



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



Our last Sugar Review for this magazine was dated September 11. 



There has been only a moderate change in values anywhere since that time. 

 Cuba Centrifugals were then 3.90c. per lb. for 96 test duty paid, and are now 

 nominally 3.98c. per lb., although efforts to sell some arrived Java cargoes as 

 low as 3.93c. per lb. did not succeed, and the sugars have gone into warehouse. 

 Thus far three cargoes of Java sugars have been stored, while other unsold 

 cargoes are due at any time. 



The highest quotation for Centrifugals during the month was 3.98c. per lb. 

 for 96 test duty paid, on actual sales. 



Beet sugar was 9s. 8j4d., and is now the same after having sold at 9s. 5^d. 

 as the lowest. The present quotation is equal to 4.03c. per lb. landed here 

 for 96 test Centrifugals. 



The actual business during the month was extremely small, and for the 

 last two weeks no sales have been made; the reason for this dullness may be 

 found in the large weekly receipts to refiners, giving them all the time a full 

 supply for their needs. The amount of sugar they still have purchased for 

 arrival will keep most of them out of the market for some time to come with 

 only an occasional purchase, possibly of Java cargoes, as they arrive. 



The present price asked for the Java cargo afloat is 10s. 3d., equal to 3.93c. 

 duty paid for 96 test, at which there are no buyers, although the market at 

 the close has a rather firmer tone based on the latest European advices of 

 unfavorable weather conditions for the beet crop, rain being much needed. 



The advices from the Cuba crop are all favorable for a considerable in- 

 crease, the weather thus far being as good as can be desired. Generally at 

 this time, some parties are willing to take a chance on new crop sugars, and 

 it is said they are now willing to sell moderately for January-February shipment 

 at 2^c. cost and freight for 96 test against present value of 2 9-16c. c. & f. Buy- 

 ers, however, are not interested. 



Louisiana sugar has not come on the market as yet. 



The domestic beet sugar campaign has now begun in all the States, and the 

 fact that the preceding crop of domestic beet sugars was entirely exhausted some 

 time ago leaves a very fine opening for the sale of the present crop, and it is 

 likely that much less of this crop will be carried over than last year. 



Some 4,000 tons Brazil sugars, of new crop, have been placed to come here 

 on basis of 3 15/16c. duty paid for 96 test Crystals. 



Our most recent cable from Java reports favorable crop conditions, with 

 72,000 tons shipped in September, making altogether afloat from Java with United 

 States, options, 210,000 tons. The majority of this sugar has already been 

 placed with our refiners, and the unsold portion is relied upon to fill any gap 

 that may come later requiring increased supplies for immediate use. 



The American beet sugar crop promises to be rather larger, at this writing, 

 than last year's crop. 



When we consider refined sugars, we find a very satisfactory condition pre- 

 vailing in our country for a considerable increase in consumption. At present, 

 the deliveries through the United States' four ports show rather less than last 

 year, which will be changed to a quite considerable increase before the close of 

 the year. The fruit crops have been abundant, and the demand for canning 



CENTRIFUGAL SUGAR 96° TEST. 

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



