THE CUBA REVIEW 



37 



particularmente el Brasil y el Peru, y cuyos paises han sido buenos vendedores. Ademas 

 de esto, los compradores de la Gran Bretafia han podido conseguir bastante cantidad 

 de azucar de las colonias britanicas, a cuyos azucares se les concede una preferencia 

 en los derechos en la Gran Bretafia. Y lo que es mas, el comienzo de la cosecha de 

 remolacha en Europa y las buenas ofertas de azucar ha infuido en la demanda en la 

 Gran Bretana. 



Han tenido lugar algunas negociaciones por azucar de la nueva zafra de Cuba, 

 pero como ningiin ingenio ha empezado todavia la receleccion, este interes es solamente 

 pasajero y se concreta a los especuladores. Se tienen informes de haberse efectuado 

 una o dos transacciones para embarcar en febrero a 3 5/1 6c. costo y flete, una de las 

 cuales fue a la refiner! Warner contra una venta de azucar refinado para la exportacion 

 para entregar en marzo. 



Nuestro mercado de azucar refinado siguio un curso muy parecido al del azucar crudo, 

 los refinadores tratando de conseguir 7c. menos 2% por sus azucares granulados, pero no 

 pudieron inducir a los compradores a avehirse a ese precio, y de ahl el que el mercado 

 permanezca practicamente sin cambio durante todo el mes bajo resefia bajo la base 

 de 6.90c. menos 2%. 



La demanda de exportacion para el azucar refinado de pronto embarque esta 

 verdaderamente paralizada, y lo ha estado asi por algun periodo de tiempo. 



Nueva York, Noviembre 16 de 1922. 



European Crop Forecast 



The condition of the European sugar- 

 beet crops has been greatly improved by 

 abundant daily rain, and the sugar yields 

 will probably exceed those of last season 

 by as much as 500,000 or 600,000 tons. 

 The anticipated gains are principally in 

 France and Germany, with sugar outturns 

 estimated at 150,000 and 300,000 tons, 

 respectively, in excess of the production 

 of 1921-22. No important increase is ex- 

 pected in the case of Czecho-Slovakia, and 

 on account of the dry weather the Italian 

 outlook seems less bright. German beet 

 raisers fear that in order to reduce the cost 

 to the domestic consumer the Government 

 may fix maximum sugar prices, as has 

 been done in the case of bread grains; in 

 any event experts agree that even should 

 the coming campaign yield as much as 

 350,000 tons of sugar in excess of last 

 year's production, no sugar will be offered 

 for export. Taking 2,700,000 tons as Ger- 

 many's pre-war maximum sugar production, 

 it is estimated that the country has lost 

 700,000 tons of this former capacity 

 through cession of beet territory. The 

 editor of an important sugar journal esti- 

 mates it will take Germany, as presently 

 constituted, at least 10 years to get back 

 to a yearly production of 2,000,000 tons 

 of sugar. The present consumption is 

 figured at 1,450,000 tons, with a distinct 

 tendency toward expansion. 



[The production of sugar in France and 

 in Germany for the pre-war year 1913-14 

 and for 1921-22 was: France, 717,000 and 

 280,000 tons; Germany, 2,618,000 and 

 1,330,000 tons.] 



India's Acreage 



By the second preliminary forecast of 

 the sugar crop in India, issued by the 

 Indian Government, an increase in the 

 area under sugar cane for the year 1922- 

 2i to 2,460,000 acres is indicated. The 

 area estimated in the first forecast of 

 August 24, 1922, was 2,392,000 acres, and 

 the actual area for the crop of 1921-22 

 was 2,426,000 acres. 



South Porto Rico Sugar Company 



The South Porto Rico Sugar Company, 

 for the year ended September 30, 1922, re- 

 ports gross receipts of $6,396,945, against 

 $10,525,128 in the previous year and a 

 deficit, after all charges and reserves, of 

 $1,212,214, against a surplus of $446,448, 

 equal to 41 cents a share on the common 

 stock in the previous year. 



The general balance sheet on June 30. 

 1922, showed a profit and loss surplus of 

 $2,225,092, including reserves, against 

 $953,756 on the same date last year. Cash 

 on hand amounted to $1,151,259, against 

 $1,166,601, and accounts receivable of 

 $255,213, against $322,832. Accounts pay- 

 able amounted to $286,2 78. against $155,- 

 359. 



