. The Cuba review. T HE CUBA R E \' 1 i: W SUGAR REVIEW Specially Written for The Cuba Review by Wiij-ett & Gray, of New York Our last review for this magazine was dated October i:i, 11)11. At that time centrifugals were quoted at per Ih. for '.)(i test, which i)roved to he the highest point of the campaign. P""ollowing this, the market turned downward and by several large declines has now touched per lb. showing a total decline of S4c. per 100 lbs. during the time under review. New crop Cuba centrifugals for February- March delivery are held at to per
. The Cuba review. T HE CUBA R E \' 1 i: W SUGAR REVIEW Specially Written for The Cuba Review by Wiij-ett & Gray, of New York Our last review for this magazine was dated October i:i, 11)11. At that time centrifugals were quoted at per Ih. for '.)(i test, which i)roved to he the highest point of the campaign. P""ollowing this, the market turned downward and by several large declines has now touched per lb. showing a total decline of S4c. per 100 lbs. during the time under review. New crop Cuba centrifugals for February- March delivery are held at to per lb., cost and freight equal to (5c. to (:c. per lb., leaving a difference in parity of 2Sc. per 100 lbs. to be brought together during" the coming months. With the outlook in Europe it is scarcely to be expected that new crop will be offered at much, if any less than at present. European buyers have already taken some 140,000 tons of new crop Cubas, and are still in the market at al^out the present values, while European values appear to have turned upward from the recent downward reaction to 16s 3d on the 7th inst. On October 13th, beet sugar was quoted at 17s l%d, from which point it fluctuated to 17s SVid, to 17s, to 17s 4%d, to 17s, to 17s 3d, to 16s 3d, to 16s 11 %d at the close. The downward fluctuation of the foreign markets was not caused by any iinprovement in the European beet crop prospects, but solely, as it seems, by the application of Russia to the Brussels Convention on October 6th, for permission to increase her annual exports of sugar from the present limit of 200,000 tons to 600,000 tons for the year September 1st, 1911, to August 31st, 1912. The Convention took a favorable view of the application, provided that Russia would indicate her desire to renew the terms of the Convention for another 5 years froni its present expiration on September 1, 1913. The Convention adjourned to meet again on December 8th, in order that Russia may combine with her r
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