34 



THE CUBA REVIEW 



THE SUGAR INDUSTRY 



to the railways for transmission to the mills 

 became in many cases impassable, and it 

 is now certain that the crop will not prove 

 such a good one as the previous record. If 

 it reaches 2,400,000 tons it will be siuprising, 

 though that total may be made up by later 

 grinding in the east of the island. As far 

 as the United of Havana and its allies are 

 concerned less sugar will almost certainly 

 prove to have been carried during the 

 financial year ending June 30, next. The con- 

 tinuance of low sugar prices is an adverse 

 point and may mean less traffic to the rail- 

 ways in the way of plant, machinery, general 

 merchandise, and so on, for developments at 

 the mills during the slack season, while 

 prosperity among the sugar planters always 

 means increased passenger and general 

 revenue. 



On the whole, however, Cuban prospects 

 are far from gloomy, and despite the present 

 poor traffics, there should not be any very 

 material decline in the revenue of the United 

 of Havana group for the current financial 

 year. There certainly need not be any fear 

 about the maintenance of the 5% dividend, 

 having regard to the fact that fully 9% was 

 earned last year.^ — London Observer, May 17th, 



NEW SUGAR COMPANY FORMED 



A new company has been formed in 

 Holguin for the manufacture of cane sugar. 



Its title is the "Sugar Company of Hol- 

 guin," and the company will be established 

 in the central "Cai-men," at San Jose. 



The officers are: Juan Antonio, Cardet, 

 president; Benjamin Betancourt, vice-presi- 

 dent; Francisco Ibarguren, treasurer; Julian 

 Zaballa, vice-treasurer; Joaquin Rivas, secre- 

 tary. 



UNITED FRUIT COMPANY NOTES 



The United Fruit Company recently sold 

 .$10,000,000 4-year 5% notes to Lee, Higgin- 

 son & Co. of Boston. 



Over $3,000,000 of the proceeds of these 

 notes were used to provide for the payment 

 of Nipe Bay Company first mortgage 6% 

 notes which matured June 1st last. 



President Menocal seemed to take a great 

 interest in having the raikoad constructed as 

 soon as possible between Trinidad and 

 Fomento on the south coast of Santa Clara 

 Province. 



CUBAN SUGAR PRODUCTION BY MONTHS 



1914 1913 1912 1911 



Month Tons Tons Tons Tons 



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



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



Total to end of February 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 315,395 377,795 289,728 13.5,957 



Total to end of May 2,244,223 2,068,7.59 1,6.59,604 1,348,478 



June 133,904 111,384 04,010 



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 July 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 14,0.39 



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. 



