THE CUBA REVIEW 



35 



SUGAR REVIEW 



Specially Written for The Cuba Review by Willett & Gray, of New York 



Omv last review for this Magazine was dated April 14, 1914. 



At the date Cuba Centrifugals 96° test was quoted at 1 31/32c. per lb., cost of freight, and 

 2.9Sc. per lb. duty paid. 



Refined Granulated sugar was 3.675c. per lb. net cash, the difference between raws and 

 refined being 0.69oc. per lb., to cover cost of refining, and refiners' profits. 



At the present time Cuba Centrifugals is 2 l/16c. c & f, and 3.07c. per lb. duty paid, the 

 difference between raws and refined being 0.66oc. per lb. 



The advance made in quotation of 0.09c. per lb., follows the forecast in our last review of 

 some gain in seUing values. The gain has not been large, and the outlook for any important 

 gain is not encouraging, still the old lov\- selhng at 2c. c & f , has been left behind, and 2 l/16c. 

 c & f for ]May and 2J^c. c A: f for June are now well estabUshed. 



The European Beet ^Markets for beet sugar have not helped to improve conditions materially, 

 although making an unwilhng advance during the period under review from 9s 3^d to 

 9s 43^d, and returning now to 9s 3d at the close for the immediate month. Cane 96° test 

 improved 3d during the period by reason of the advance in the United States. 



The weather for the European beet crops, the seeds for which are sown and now sprouting, 

 has been generally favorable though a little more moisture would be desirable for the seeds. 



Purchases of refined sugars under contracts have been quite large recently in anticipation 

 of a general advance, following an advance bj' the principal refiners, but still some refiners 

 linger behind, and gives an uncertain tone to the market. 



Refiners have been such large buyers of raw supphes that they would welcome a larger 

 demand for their refined product than the countrj' seems ready to take on as yet. 



The fruit season is at hand, and will no doubt help to this end. 



The general situation is good for a steady firm market, with some fm-ther improvement in 

 both raws and refined as the Cuba crop approaches an end. There are no signs of a smaller 

 crop than has been estimated for. 



New York, :May 6, 1914. 



CUBAN SUGAR PRODUCTION BY MONTHS 



1914 1913 1912 1911 



Month Tons Tons Tons Tons 



December-Januarv 489,903 408,258 262,152 229,118 



February " 426,449 374,345 326,220 330,333 



Total to end of Februarv 916,352 782,603 588,372 559,451 



March " 546,029 449,376 410,167 369,962 



Total to end of March 1,462,381 1,231,979 998,539 929,413 



April 466,447 458,985 371,337 283,108 



Total to end of April 1,928,828 1,690,964 1,369,876 1,212,521 



May 377,795 289,728 135,957 



Total to end of May 2,068,759 1,659,604 1,348,478 



June 133,904 111,384 64,010 



Total to end of June 2,202,663 1,770,988 1,412,488 



July 64,431 45,790 28,628 



Total to end of Julv 2,267,094 1,816,778 1,441,116 



August .' 74,752 39,908 11,547 



Total to end of August 2,341,846 1,856,686 1,452,663 



September 38,899 17,085 14,039 



Total to end of September 2,380,745 1,873,771 1,466,702 



October 22,294 6,792 2,393 



Total to end of October 2,403,039 1,880,563 1,469,095 



November 25,498 15,421 14,356 



Total crop 2,428,537 1,895,984 1,483,451 



—Willett & Gray. 



