. The Cuba review. THE CUBA REVIEW. 27 SUGAR REVIEW. Specially written for The CUBA REVIEW by Willett & Gray, of New York. Our last review of the sugar market was written May 12. At that time, Centrif- ugals 96 test were quoted at per lb. duty paid, and at 3c. per lb. cost and freight. At this writing, June 12, the quotations are per lb. duty paid, and cost and freight for 96 test basis. During the interim, the price has been no lower than per lb. and no higher than per lb. duty paid. It has shown to have been a very steady tirm market. European beet suga
. The Cuba review. THE CUBA REVIEW. 27 SUGAR REVIEW. Specially written for The CUBA REVIEW by Willett & Gray, of New York. Our last review of the sugar market was written May 12. At that time, Centrif- ugals 96 test were quoted at per lb. duty paid, and at 3c. per lb. cost and freight. At this writing, June 12, the quotations are per lb. duty paid, and cost and freight for 96 test basis. During the interim, the price has been no lower than per lb. and no higher than per lb. duty paid. It has shown to have been a very steady tirm market. European beet sugar markets have been equally steady, fluctuating only slight- ly from week to week under the direct iniluence of the news from this side and from Cuba, quotations for beet sugar May 12 being lis. IV^A., advancing to lis. Sj-^d. on the 16th, declining to lis. on the 25th, rising to lis. Sj^d. the 29th, drop- ping to lis. 254d. on June 3, rising to lis. 5^d. June 10, and closing at lis. 4^d., equal to per lb. duty paid for Centrifugals. As regards crops, the figures of June 1 show a visible crop of Cuba 900,255 tons, to which will be added the later receipts, bringing the total about 925,000 tons, as estimated in last review. Thus far the United States has received 281,364 tons less from Cuba than last season to same time, and as but 177,411 tons stock remains in the island for the United States to draw from for six months, it is evident that a largely increased supply over last year must be drawn from Europe and Java, the only available sources of supply. Consequently from week to week our refiners have bought and continue to buy from abroad whenever the opuortunity offers. Java sugars in warehouse in Liverpool have contributed two cargoes thus far to our require- ments, in addition to beet sugar purchases. Also 175,000 tons Javas have been taken for direct shipment. All these purchases have been made so judiciously as not to have advanced the quotations of sugar, but it i
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