TIIK CUBA RK\'IE\V And Bulletin. 



SUGAR IN MARCH. 



Spciiiilly wiillpu fur Tlie CVV.X liKVIKW by Willrlt \ (;i:i.v. of New York. 



March optMicd with Cuha contrifugal,'^ .scllint; in New York at 3.42 cents per lb. duty 

 paid for 96° test, and at a^gc. per lb. cost and freight for the last half of March shipment, 

 equal to 3.48c. landed. April shipment was hold at 2 3- 16c. c&f. Eiir(ii)can beet sugar 

 was quoted at 8s. Ii54d., equal to 3.87c. i)er lb. for 96° test centrifugals. Cuban parity 

 was thus 45c. per 100 lbs. below beet sugar based on prompt shi]iment. An improvement 

 began almost immediately in both markets and ctmtinueil wi'Ji' ul interruption to the 

 close of the month, when the highest points of the month were reached at 3.61c. per lb. 

 duty paid, 2Hc. cost and freight for April shipment and 2 9/32C. c&f. for may shipment, 

 equal to 3.64c. per lb. landed. Europe advanced to 9s. 3->4d. for beets, equal to 3.95c. per 

 lb. for centrifugals, leaving the Cuban paritj' still 34c. per 100 lbs. below beet sugar. The 

 beginning of April shows a very strong position with improving prospects for prices. 



The remarkably dry weather in Cuba throughout March enabled estates to continue 

 daily grinding, keeping receipts at shipping ports up to the highest mark to the end of 

 the month. If it was not for the reports of extreme drought throughout the island seriously 

 affecting the animal life and the growth of the spring planted cane, the indications would 

 point to a continued large outturn, but the known circumstances point rather to a sudden 

 reduction in production by the exhaustion of tlic available cane supplies. Actual results 

 cannot be known until our next review for -April. 



The domestic beet crop of the United States has proved larger than expected, coming 

 up to 433,010 tons, an increase of 149.293 tons, or 521^ per cent, over last year, and very 

 considerable cf the production is carried over into' the present year's consumption. How- 

 ever, place will be found in the United States for all the remaining crop of Cuba at prices 

 tending upwards. 



Refined sugar during March did not fluctuate or improve with raws, but remained 

 steady at one price, 4.55c. per lb. net cash for granulated throughout the month, with a 

 very good demand all the time. The trend of refined w^ill now follow the course of the 

 raw sugar market. The most important question agitating the sugar world at the begin- 

 ning of April is as to the actual final amount of the Cuba crop. On the answer to thi? 

 question will depend the increase or decrease of sowings for the European beet crops. At 

 present the indications point to an average of five per cent, increase in beet sowings for all 

 Europe. 



In the Cane Fields. The Ox Team, the Cane Cart and the Workers. 



