28 



THE CUBA REVIEW And Bulletin. 



parity of the New York market, and, at this writing, 96 test sugar is selling there at 

 3^ic. per lb., equivalent to 3.84c. delivered at New York. 



Regarding crop pro.spccts, during the entire month of October, the weather for the 

 European beet crop proved favorable. Estimates of the European beet crops, made by 

 five different experts, are as follows : F. O. Licht, 6,580,000 tons ; Otto Licht, 6,600,000 

 tons; Blat, 6.730,000 tons; Giesekcr, 6.240.000 tons; Factories, 5.879,920 tons without the 

 other countries, which are generally estimated at about 450,000 tons by others. 



The actual crop outturn for preceding year was 6,717,000 tons. It will be noted that 

 the estimates for the present crop are less than the last, with one exception. 



Regarding the cane sugar crops of the world, we have given out our preliminary 

 estimates by countries amounting to a total of 7,196,000 tons, showing a net decrease of 

 165,936 tons from previous year. In these estimates the important changes are decreases 

 of possibly 277,000 tons in Cuba and 50.000 tons in Mauritius, and an increase of 105,- 

 000 tons in Louisiana and 100,000 tons in Java. For Cuba, we estimate a minimum of 

 1, 200,000 tons and a maximum of 1,300.000 tons, against last year's crop of 1,427,673 tons. 

 The weather conditions in Cuba have improved considerably of late, but the crop will un- 

 doubtedly begin later than usual. 



The receipts of foreign sugars in the United S'tates in October, at the Athntic and 

 Gulf ports, were 169.938. The requirements for meltings were 210,000 tons. The total 

 stocks in the United States and Cuba together on October ist were 296,980 tons, which is 

 reduced 256,418 tons at the end of October. 



The outlook for November is disturbed by the financial conditions prevailing through- 

 out the country, and for this reason no improvement in prices can be looked for, while, 

 on the other hand, the financial disturbances appear to be extending to European markets, 

 which may eventually turn those markets downward for beot sugars temporarily. 



As regards supplies for refiners use up to the beginning of the Cuba crop, it is evident 

 that such supplies will be sufficient to meet the consumption demand without inconveni- 

 ence, inasmuch as a considerable portion of this demand will be met from the domestic 

 products of cane and beet refined production. Meltings of raw cane sugars may be ex- 

 pected to be reduced for the balance of the year. 



Beet sugar contracts at the close are quoted at 9s. 7^d. for !May. 



The grinding season at the 

 Sugar Ncti'S Trinidad Central is to be a 

 from short one this year on ac- 

 Trinidad. count of the shortness of the 

 crop. The lands near to the 

 plantation are about the best in the Trini- 

 dad valley, and this mill which could easily 

 make 50,000 bags will have a low produc- 

 tion this season. The grinding will be 

 commenced by about January 15 and end by 

 April, as there is very little cane available 

 at this time. The 1908-9 season will be 

 larger, however, as cane is being now plant- 

 ed at the Manaca and Guaimaro colonies 

 which are tributaries to the central. An- 



other mill may be built in that district, ac- 

 cording to reports. Laborers in the Trini- 

 dad district are preparing to migrate to 

 other sugar-producing regions on account 

 of the short crop expected. 



F GILBERT POTTERFIELD, E. G. 

 ♦ Mills and Federico Delgado, the lat- 

 ter an interpreter, are at present at 

 Cienfuegos as delegates of the Claim Com- 

 mission to take testimony from the owners 

 and other witnesses in the case of the Con- 

 t.-incia Sugar Co. on the alleged losses suf- 

 fered by that company during the August 

 revolt. 



SUGAR PRICES AT NEW YORK, OCTOBER. 



BROKEN LINE, 1906. 



SOLID LINE. 1907. 



