18 



T HE CUBA RE V I E \\' 



Amsterdam and in this country among 

 banks, other lianking houses, insurance 

 companies and individual investors. There 

 are about s, 500, 000 of these bonds out- 

 standing on the propert}' and are now prac- 

 ticallj^ an absolute first mortgage. The 

 bonds appeal to investors in view of the 

 fact that at the price of 96 and accrued 

 interest they return fully 6% per cent 

 on the money invested, as they mature 

 April 1, 1918. The company owns 368,000 

 acres of land. 7 sugar factories, sugar 

 refineries, railways and equipment and 

 some 61.5 buildings, about ?17, 000,000 in 

 cash having been invested to date. 



The new "San Manuel" e.state for the 

 cost and improvement of which some of 

 these bonds have been issued lies adjacent 

 to the Chaparra estate, both recognized 

 as the finest sugar properties in the 

 world and now under one management 

 with consequent economy of administra- 

 tion. General Menocal. whose great 

 success with the Chaparra estate is well 

 known, will have the oversight of both 

 properties. Dividends of 7 per cent are 

 Daid on the $7,900,000 of preferred stock. 



AN AMERICAN FRUIT EXCHANGE 



The Cuba Fruit Exchange, an organiza- 

 tion composed of American fruit and 

 vegetable growers, recently held their 

 annual election of officers in their new 

 quarters at Zulueta 28. 



F. S. Earle was elected president : C. 

 F. Austin, vice-president and general 

 manager : L. M. Patterson, secretary and 

 treasurer : H. C. Henricksen, H. A. A'an 

 Herman and E. AA'. Halstead, executive 

 committee. 



Mr. C. F. Austin, who has just returned 

 from an extensive trip through the States 

 visiting the fruit and vegetable commis- 

 sion men of Tampa. Jacksonville, Atlanta, 

 Chattanooga, Cincinnati, Kalamazoo, De- 

 troit, Buffalo. Toronto, Xew York, Chi- 

 cago and Xew Orleans, says that the gen- 

 eral complaint in these cities among com- 

 mission house men on Cuban fruit and 

 vegetables is on the appearance of the 

 shipment, the packing and grading being 

 much below standard. Xo one complains 

 on the quality, but every one declares we 

 do not who how to pack and grade our 

 fruit and vegetables to attract the Amer- 

 ican market. Cuban oranges are as yet 

 unknown, but our grapefruit is praised 

 everywhere. 



"The popular grapefruit sizes are 64 and 

 74 with fancy hotel trade calling for .36 and 

 46. There is no demand for little grape- 

 fruit, size 80 being the saleable limit. 



"Squash must be picked tender, lima 

 beans are ooor carriers and arrive in bad 

 shape, and cucumbers must be green. 



THE WORLD S CROP OF SUGAR 



A later estimate of the world's crop of 

 sugar for the season of 1910-11 compiled 

 by Messrs. J. W. De Silva & Co. is as 

 follows : 



Country Tons Time of Crop 



United States 300,000 Sept.-Tan. 



Java 1,200,000 May-Xov. 



Peru . 140,000 Oct.-Feb. 



Brazil 260,000 



Demerara 260,000 



Surinam and X'enezuela.... 100,000 



Hawaii 490,000 Dec-April 



Mexico 150.000 " "^ 



Cuba 1.500,000 Dec-Tune 



Porto Rico 300,000 Jan. -Tune 



.San Domingo and Hayti.... 70,000 " 



Trinidad and Tobago 50,000 " 



Barbadoes 40,000 



Tamaica 10,000 



Antigua and St. Kitts 20,000 



Britirh West Indies 7,000 " " 



Martinique 40,000 



fiuadaloupe 40,000 



Santa Cruz 15,000 |^ '] 



Central America 15,000 



Argentine 140,000 Tune-Oct. 



Australia and Fiji 290,000 June-Xov. 



Fart Indies 2.100,000 Dec-May 



Fgypt 50,000 Tan. -Tune 



Formosa 200,000 Dec-Tune 



Mauritius 200,000 Aug. -Tan. 



Xatal 70.000 



Philippine Islands 160,000 Xov.-March 



Spain - 24.000 Tan. -Tune 



The total output of cane sugar in 1910-11 

 is estimated at 8,007,000 tons as compared 

 with a production of 8,343,000 tons in 

 1909-10. Cane sugar and beet sugar pro- 

 duction of the world is given as 16,589.000 

 tons for 1910-11 as against 14,931,000 tons 

 in 1909-10. 



THE LIFE OF HENEQUEN 



Henequen matures in four 3'ears, lives 

 twenty j^ears, producing about thirty-five 

 leaves annually, which ripen intermittently 

 so that about five leaves are cut a month. 



The leaves contain from one to three 

 per cent fibre and ninety per cent water. 



The price of the fibre at present is al)0ut 

 four cents a pound and ranges from three 

 and one-half to thirteen cents, which is 

 cheaper than it has been for thirteen years. 



TRUST COMPANY DIVIDEND 



The board of directors of The Trust 

 Company of Cuba recently declared a semi- 

 annual dividend of three per cent upon the 

 capital stock of the company, which was 

 paid on the 8th of July to stockholders of 

 record on June 30, 1911. 



Work on the Scoville docks on the Ha- 

 vana water front is progressing. Construc- 

 tion has been held back for the arrival of the 

 necessary machinery from the States and 

 the cotnplction in Regla of the plant for 

 making the cement piles. 



