30 



T 11 1-: C U B A R E V 1 E W 



SUGAR REVIEW 



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



OLD CROP CUBAS NEARLY EXHAUSTED — CUBA S ADVANTAGE INDICATE 



A FAIRLY GOOD YEAR 



Our last sugar review for this magazine was dated October lo, 1010. 



At that date centrifugal sugars, 9(j test, were quoted at 2.54c. per pound c. & f. or 

 3.'JOc. per pound landed. To-day's valuation is 2V1'C. c. & f. or 3.86c. per pound landed. 



Beet-root sugar was then 9s. (i%d. per cwt., f. o. b. Hamburg, equal to 4c. per pound 

 landed at New York, and is now Ss. 10 ^,4 d. f. o. b., equal to 3.85c. per pound for cen- 

 trifugals at New Y'ork. 



The extremely large and rapid declines in both beet and cane sugar during the month 

 of September, as reported in our last review, left little margin for further declines until 

 new crop Cubas become available. 



Beet sugar, however, under the intluence of new crop available aod large crop estimates, 

 further declined to 8s. 7l:id. (3.S0c.) for November, rallying to 9s. %d. (3.91c.) and clos- 

 ing at Ss. lOljd. (3.S.JC.) for both November and December, with May at 9s. 3d. (3.93c.) 



Cuba centrifugals from store, held by Europeans, were resold on October 27th at 3.80c. 

 per pound for 90 degrees test, followed by other sales at the same basis until November 

 4th when 2VL'C. c. & f. (3.S6c.) was paid for an immediate shipment from Cuba. 



Available old crop Cubas are nearly exhausted from our market. 18,700 tons of Cuba 

 centrifugals, owned abroad, are still in wareliouses at New York and Philadelphia un- 

 sold, and 20,(X)0 tons Javas are at the breakwater, also unsold and held at equal to 3.87c. 

 and 3.90c. per pound. 



There are still two cargoes of Javas afloat of September shipment, but sold for arrival. 



A certain amount of the domestic Louisiana cane crop is coming north for refining, 

 at a cost in New Orleans on basis of 15c. per 100 pounds below New York values, to 

 cover freight charges to the refinery. 



Refiners have reduced meltings and buy only to till in needed retiuiremcnts on a hand 

 to-mouth basis. 



(Continued on page 32) 



Uii almciccn en Cardenas. 

 A typical storehouse at Cardenas, Matanzas Province. 



