THE CUBA REVIEW And Bulletin. 



27 



SUGAR IN OCTOBER 



Specially written for The CUBA REVIEW by Willett & Gray, of New York. 



October opened with Centrifugals 96 test at 3.95c. per lb. duty paid and closed at a 

 decline to 3.90c. per lb., which has been followed, however, by a decline to 3.80c. per lb. 

 at this writing, Nov. 9th. 



Beetroot sugar in Europe opened at 9s. gd., declined to 9s. 75^'d., and advanced to 9s. 

 9d., declined to 9s. 3d. during the last week of the month, rallied to 9s. A^YiA. and closed 

 at gs. 3Md. 



Refined granulated opened at 4.65c. per lb., net cash, and closed at 4.65c. per lb., having 

 made no change 'during the month, throughout the United States. Beet granulated sugar 

 from domestic factories at the West declined ten points during the month, and is now sell- 

 ing on the basis of 4.55c. per lb. net cash at New York. 



From the above it will be seen that the tone and tendency of the sugar market were 

 to a decline in both cane and beet sugars at home and abroad. The reason for the decline 

 at home is to be found mainly in an acute disturbance of our financial markets, which 

 tended to reduce the consumption of refimed sugar, to some extent, and acted as a disturb- 

 ance to the sale of our domestic crop of sugar, both cane and beet. 



At New Orleans, where the domestic Louisiana oane crop began to come to market 

 in some quantity, towards the close of the month, prices naturally fell below the nominal 



Entrance to the Central Santa Teresa at Sitiocito. 



