3S 



THE CUBA REVIEW 



SUGAR REVIEW 



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



MARKET STEADY- 



DEMAND LESSENED OWING TO STRIKES- 

 PRICES EXPECTED 



-BETTER 



Our last sugar review for tliis iiiaKazine was dattcl July 11. 1".)1(). 



Centrifugals <Mi test were then quoted 4.:!;!c. per pouiul landed, duty paid. 



Cuba centrifugals, for shipment, were then 2 r;i-.".2c. c. and f. 90 test. 



Early in the period under review the market declined .03c. on sales of Cuba sugars at 

 2 l.'.-lt»c. c. and f.. and of Porto Rico sugars at 4.:!0c. landed, basis 96 test. 



.\ little later, however, there was a recovery of prices and a further advance to 3c. 

 c. and f. for 96 test Culia centrifugals and 4. :56c. landed for Porto Rico centrifugals, with 

 consideral)le business, following an improvement in European markets. 



The market has remained steady ever since at :5c. c. and f. to New ^'ork, with occasional 

 sales of l-:!2c. higher price for shipment to Xcw Orleans, which is worth rather more 

 than shipment to Xew York. 



Holders have endeavored to ol;tain better prices, but have been unable to do so, as the 

 demand has been curtailed in consequence of the closing of two of the largest refineries, 

 where the laborers have been out on strike, the meltings meanwhile having been reduced 

 27.000 tons: under these circumstances the market has really done well. 



The country has not suffered for want of refined sugar during this time, as the refin- 

 ers had on hand, July 1st. a surplus production of :^>0,000 tons granulated, which they 

 have drawn on to meet the demand. 



The closed refineries are just starting up again with a small force, and efforts are being 

 made to secure sufficient men to operate at full capacity, the outcome of which is hopeful. 



When all the refineries are again activcK- at work, we may expect better prices for 

 raws, up to 3Vsc. c. and f. or 4.49c. landed, the parity of new crop European beet. 



Java sugars are available for America, but they are wanted more in Europe, one cargo 

 shii)ped in June (now alrut due) having been sold to the United Kingdom at i:is. 4 Mid. 



{ Cniitiinicd nn Pat/c nO 



Fiihrica de lleiieqiien. Cardenas 

 Henequen Fibre Factory in Cardenas 



