THE CUBA RE V I E TV 33 



to the ground, leaving in the molasses the remaining elements from the grovind, repre- 

 sented by the 28 per cent, ash content. (This statement is nearly correct, there are 

 small losses along the way.) 



Now in the process of alcohol production, the spent liquor from the still, known 

 as distillery slop, contains all the ash present in the molasses. There are several methods 

 of recovering this ash by evaporation and drying, so that the ash recovery is a paying 

 operation. To the chemist, this would seem like a crude statement of the situation. 

 He sees that by liming and evaporation in multiple effect he can obtain a magma in 

 which he will recover not only the potash but the ammonia, too, which latter would 

 be lost in a drying process. This magma is stated to contain $10 worth of potash 

 and $3 worth of ammonia for each ton of molasses. He will go further, and tell you 

 of fatty acids which can be recovered, and distiller}^ slop, which will bring in a net 

 return of $7, in addition to the $13 from the potash and ammonia. These are counsels 

 of perfection, which it is to be hoped will be realized some day. In the meantime, 

 if nothing more is done, the potash can be recovered instead of shipping the whole outfit 

 out of the country as was done before the war. 



It should be understood, and it is to be hoped that this article Mill help to make 

 it plain, that antiquated methods such as have been in use in connection with the 

 manufacture of rum and high wines are not suited to the production of pure alcohol, 

 and that nothing but the purest alcohol commercially obtainable should be used in the 

 manufacture of motor fuel. With these conditions observ^ed, first, in the selection 

 of suitable apparatus; second, in the proper design of the plant as a whole, and third, 

 in the careful operation of the plant, there is no reason why the industry should not 

 be established on a permanent paying basis. 



The Prevailing Prices tor Cuban Securities 



As quoted bv Lawrence Turnure & Co., New York 



Bid Asked 



Republic of Cuba Interior Loan 5% Bonds 74J/^ . . 



Republic of Cuba Exterior Loan 5% Bonds of 1944 96K 9(>% 



Republic of Cuba Exterior Loan 5% Bonds of 1949 91 



Republic of Cuba Exterior Loan 4^% Bonds of 1949 82J^ 85 



Havana City First Mortgage 6% Bonds 90 100 



Havana City Second Mortgage 6% Bonds 90 100 



Cuba Railroad Preferred Stock 



Cuba Railroad— First Mortgage 5% Bonds of 1952 86 86? g 



Cuba Company 6% Debenture Bonds 87 92 



Cuba Company 7% Cumulative Preferred Stock 



Havana Electric Ry. Co. Consolidated Mortgage 5% Bonds 89 92 



Havana Electric Railway Light & Power Co. Preferred Stock 90 100 



Havana Electric Ry. Light & Power Co. Common Stock 80 90 



Cuban American Sugar Co. Preferred Stock 98 98^2 



Cuban American Sugar Co. Common Stock 22^ 2 22J/^ 



Guantanamo Sugar Co. Stock 11 12 



The American Sugar Cane League, Ltd. 



The American Sugar Cane League, Ltd., of the United States, which is an amalga- 

 mation of the American Cane Growers' Association, Louisiana Sugar Planters' Association 

 and the Producers' and Manufacturers' Association, was organized Thursday, September 

 28th, in New Orleans with Andrew H. Gay, president, and W. H. Chaffe. secretary. 



