28 



THE CUBA REVIEW. 



SUGAR REVIEW. 



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



Our last sugar review for this magazine was dated October 9. At that 

 time Cuba Centrifugals were quoted at 3.93c. per lb. and are now 3.94c. per lb., 

 showing no change for the month, although during the time the price has been 

 as high as 4.04c. per lb., and no lower than 3.92c. per lb. for 96 test. 



Beet root sugar in Europe was 9s. 9>^d., equal to 4.03c. for Centrifugals, and 

 the quotation now is 10s. 3d., equal to 4.16c. per lb. for 96 test Centrifugals, 

 duty paid, and having fluctuated from 9s. 8^d. to 9s. llJ4d., to 10s. 3%d., to 

 10s. 5^d., to 9s. ll^d., to 10s. 2^d., to 10s. l^d., to 10s. 3d., at which it closes. 



The improving tendency of the European markets was caused by unfavor- 

 able weather reports during the crop season, mostly of drought and freezing con- 

 ditions. The latest estimates of the European beet crops are by F. O. Licht, 

 6,540.000 tons, and by Otto Licht 6,463,000 tons. Indications point to some decrease 

 in these estimates rather than increases. 



The unsatisfactory condition of our market in not following the rise in Europe 

 is caused by the maturing of the domestic cane crop of Louisiana and desire to 

 sell it promptly on an unsettled and demoralized market for refined. The present 

 selling price of 96 test sugar in New Orleans is 3^/80. per lb., or, say, 31>4c. per 

 100 lbs. below New York quotation and SSyic. per 100 lbs. below European parity. 



Advices from Cuba have been favorable for crop prospects and in consequence 

 of the detailed advices we have received from a very considerable portion of the 

 estates of Cuba, we have estimated the crop at 1,250,000 tons, subject to correc- 

 tion from time to time. The latest indications are that the grinding will commence 

 early in December, giving a long period to crop making if the weather proves 

 favorable. 



The most important feature at this writing is the tariff question now be- 

 ginning to be discussed by the Ways and Means Committee of the House of 

 Representatives. 



There is reason to expect that Mr. Taft's request for free admission of sugar 

 from the Philippines will receive favorable attention, although the domestic sugar 

 industries will protest against it at the outset. Other requests will be made for 

 a general reduction of duties on all sugars. 



It does not seem to us that Cuban planters need to remit all the reciprocity 

 advantage this season if they can have a little patience at the outset and are able 

 to carry their sugars awhile, for the United States is nearly bare of refined 

 sugars now, while last year a very large stock of domestic beet refined was 

 carried over to be sold in competition with Cuba, and also at that time business 

 generally was very depressed, while now all business is on the improving side again. 



New York, November 16, 1908. 



Cane Wagon in use in the Louisiana Cane Fields. 



A Four- Wheeled Cane Wagon. 



There are several systems of transporting 

 the cane, but the bulk is now being hauled 

 in four-wheel wagons. One of the best 

 cane wagons is built by the Electric Wheel 



Co., Quincy, Illinois, U. S. A. It will carry 

 considerably more cane than the two-wheel 

 cart, while the draft is lighter. This is due 

 to the fact that the high wheels and wide 

 tires are maintained so that the load is dis- 

 tributed on four wheels instead of two 

 wheels, as with a cart, with but half the 

 wear and tear on the roads, not to speak of 

 the reduced wear and tear on the mules or 



Do You Grow 



ORANfiES OR SUfiiR'CANE? 



If so, write to 



E. O. PAINTER FERTILIZER CO. 



Jacksonville, Fla., U. S. A. 



