34 



THE CUBA REVIEW 



{Continued from Page 32) 

 c. f. and i., equal to 4.C)2c. ck-livcrcd New York; a cargo for August shipment (October 

 arrival) is offered at 13s. c. and f. New York equal to 4.55c. landed. 



American refiners, apparently, must rely mainly on the stock here and in Culia for 

 present wants. The stock remaining in Cuba is mostly held by strong operators who are 

 not disposed to sell except at very full prices. 



Kuropean markets have remained fairly steady at prices ranging for old crop (August) 

 beet from 14s. 8%d. to 14s. ll%d., and for new crop (Oct./Dec.) beet from lis. 

 ,"iMd. to lis. 9d., closing at the highest. Old crop prices are speculative, while new crop 

 quotations are now the parity of 4.49c. for centrifugals at New ^'ork are an index of 

 value of actual scgar two or three months ahead. 



The European growing beet crop is doing well and promises to outturn some ."lOd.ooo 

 tons larger than the small crop of last season; this increased production will be needed 

 to replenish the depicted stocks and should not cause a much lower level of prices next 

 season unless there sliould be other large crop increases. 



The total production of sugar in Cuba to July 31st was 1,739,210 tons and stocks at all 

 ports of the island on that date 205,525 tons. After this time last year the balance of 

 production which became visible was 76,340 tons, and if the same quantity comes in sight 

 this year, the crop will amount to 1,815,550 tons, but there are fewer centrals now 

 grinding. 



Weather conditions, recently, have favored the growing Cuba crops, much of the back- 

 wardness due to the drought being recovered, but it is too early to estimate the outturn 

 next year. 



Our refined sugar market has liecn moderately active and held by most refineries 

 throughout at 5.15c. less 1 per cent for granulated, with sales now and then by inde- 

 pendent refiners at 5.05c. to 5.10c. less 1 per cent to reduce stock. 



As we close this review a sale is reported of two small lots of Cuba centrifugals at 

 3 l-32c. c. and f., all that was obtainable at tlii-- price and advancing spot quotation to 

 4.39c. for 96 test. 



New York, August 10, 1010. 



REVISTA AZUCARERA 



Escrita expresamente para la Cuba Review por Willett & Gray, de Nueva York 



EL MERCADO FIJO — HA DISMINUIDO LA DEMANDA A CAUSA DE LAS 

 HUELGAS — SON DE ESPERARSE MEJORES PRECIOS 



Nuestra ultima revista azucarera para esta publicacion estaba fechada el 11 de julio 

 del presente ano, en cuyo periodo los azucares centrifugos, polarizacion 96, se cotizaban 

 a 4.33c. la libra, en muelle y derechos pagados. Las centrifugas de Cuba para embarque 

 se cotizaban entonces a 2 31-32c. costo y flete, polarizacion 96 grados. 



Durante principios del periodo bajo revista l)ajaron los precios del mercado .03c. en 

 las ventas de los azucares de Cuba a 2 15-16c. costo y flete, y los de Puerto Rico a 4 30c. 

 en muelle, polarizacion 96 grados. Sin embargo, un poco mas tarde volvieron a recupe- 

 rar los precios y tuvo lugar mayor alza a .3c. costo y flete por los centrifugos de Cuba, 

 polarizacion 96 grados, y a 4.36c. por las centrifugas de Puerto Rico en muelle, teniendo 

 lugar considerables transacciones, siguiendo una mejoria en los mercados europeos. 



Desde entonces el mercado ha continuado fijo a 3c. costo y flete a Nueva York, con 

 ventas ocasionales a l-32c. mas alto para embarque a Nueva Orleans, que vale algo mas 

 que el embarque a Nueva York. 



Los tenedores ban tratado de obtcner mejores precios, pcro no lo ban podido conse- 

 guir, pues la demanda se ha restringido a causa de haberse cerrado dos de las mas gran- 

 des rcfinerias por haberse dedarado en huelga sus tral)aj adores, y mientras tanto los 

 Mehings se redujeron 27,000 toneladas ; bajo estas circunstancias el mercado lia sido 

 realmente bueno. 



Durante ese tiempo el pais no ha sufrido por falta de azucar refinado, pues los refina- 

 dores tenian a mano el primero de julio un exceso de 30,000 toneladas de azucar granu- 

 lado, de lo cual ban echado mano para cubrir la demanda. 



{Continuaciun a la pii(jina 36) 



