THE CUBA R E \' I E W 



31 



CHART OF SUGAR PRICES AT NEW YORK 



SUGAR PRICES SOARING 



Drought and poor crops in Ger- 

 many and the short crop of 

 Cuba the predominating causes. 

 Chart prices figured at cents 



per pound. 



The graphic chart of sugar 

 prices of this page shows at 

 a glance the extraordinary 

 advance in the price of cen- 

 trifugal sugar 96 degree test 

 at Xew York during the last 

 three months as compared 

 with the prices obtained dur- 

 ing the same period in 1910 

 and 1909. 



Several reasons have been 

 given by the sugar men as 

 the cause of the advance in 

 sugar. The beet sugar crop 

 of Europe has been injured 

 by drought. That is one rea- 

 son. The drought was pecu- 

 liarly bad in Germam-, and 

 poor crops of beet sugar 

 there have helped to raise 

 prices in this country. The 

 short Cuban crop last season 

 is another cause. The Cuban 

 crop was 300,000 tons below 

 the average output. There 

 are now on hand at this 

 writing in the United States 

 and Cuba only 170,741 tons 

 of raw sugar. In the week 

 ending September 9th there 

 were lOO.sio tons, and in the 

 corresponding week of last 

 j'ear there were 365,649 tons. 



To offset the shortage in 

 Germany and Austria, re- 

 liance must be placed upon 

 cane - producing countries, 

 which, under the most favor- 

 able circumstances, do not 

 promise to give next season 

 more than 700,000 tons in- 

 crease, leaving a net indi- 

 cated shortage in principal 

 countries of 750,000 tons. 



According to information 

 to date it is predicted that 

 sugar will be scarce the world 

 over, therefore Europe will 

 have to look to Cuba for 

 some supplies, prices in Xew 

 York will rule close to those 

 in London, and values will 

 remain high for a year or 

 more. 



Prices are now higher than 

 in twentv-two vears. 



SOLID BLACK LIXE IXDICATES 1911. BROKEN LINE 1910, 

 AND THE DOTTED LIXE 1909. 



