34 



THE CUBA RE\'IEW 



resume its advance based upon the actual deticiencies existing in campaign supplies. 

 Futures in the exchanges show this feature, particularh' the May contracts for beets 

 at 17s 2%d or sa}- 5.69c. per lb. parity for Cuba centrifugals with the latter now 

 valued at say 4.76c. per lb. for futures. Bearing on this question is the most im- 

 portant feature of the campaign situation, particularly in its relation to the United 

 States supplies of sugar, and this is the outturn of the present Cuba crop, the weather 

 conditions being latterly reported unfavorable by reason of absence of the necessary 

 rains for the final growth of the canes. A few hundred thousand tons more or less 

 in this crop outturn will be of unusual effect upon prices during the campaign. 



In any event, the level of prices must remain high compared with former years. 

 Our refiners for some reason (best known to themselves) have not yet entered the 

 Cuba market for new supplies required in January and onwards, and whenever they do 

 so, the prices then current ma}' prove the lowest of the campaign. 



On October 20th, F. O. Licht issued his first estimate on the European beet crops : 

 5,975,000 tons, against 8,095,000 tons last year, and has since only modified this estimate 

 by a statement that the figures given for Germany ma)^ prove too large, while those of 

 Russia maj^ prove too small. 



Since these statements were given, there has been no improvement noted in crop 

 conditions. 



Adding to the beet estimates our own estimates of cane crops, 8,789,000 tons, we have 

 a total estimated sugar production for the world of 15,294,000 tons, against 16,940,000 

 tons last season, a deficienc}^ of 1,646.594 tons, which can only be offset by reduced con- 

 sumption and higher prices than for the last campaign. The tariff agitation for lower 

 duties on sugar will begin at the assembling of Congress in December, and indications 

 point to a sharp and decisive contest over a considerable reduction from the present 

 rates, which will necessarily include the question of Cuban reciprocity. 



The domestic cane and beet sugar industries are reaping large profits this season 

 from the prevailing conditions, and Cuba will, no doubt, participate equally in large 

 profits for her present crop. 



(Continued on page 36) 



The only Trap with an outside Valve that is 

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LYTTON VACUUM PAN TRAPS 

 will absolutely increase the out- 

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LYTTON VACUUM PAN TRAPS remove condensa- 

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 heating coils can be kept clear of water and an unusually 

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 coil. (See cut.) 



LYTTON VACUUM PAN TRAPS' superiority lies 

 in the reliability and efficiency of their operation and 

 the little attention necessary to keep them in order. They 

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 They remove ALL THE WATER ALL THE TIME 

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Manufactured by the LYTTON M'F'G CORPORATION 

 FRANKUN. VIRGINIA, U. S. A. 



Offices in New York: 1159 Hudson Terminal 



Write or call on our agent in Mavan.i t.ir full particulars. 

 Agt;nte en la Habana : J. E. Hernandez, Aguacate, No. 56 



