. The Cuba review. 28 THE CUBA REVIEW. SUGAR REVIEW. Specially written for The CUBA REVIEW by Willett & Gray, of New V ork. Our last sugar review for this magazine was dated October 9. At that time Cuba Centrifugals were quoted at per lb. and are now per lb., showing no change for the month, although during the time the price has been as high as per lb., and no lower than per lb. for 96 test. Beet root sugar in Europe was 9s. 9>^d., equal to for Centrifugals, and the quotation now is 10s. 3d., equal to per lb. for 96 test Centrifugals, duty paid
. The Cuba review. 28 THE CUBA REVIEW. SUGAR REVIEW. Specially written for The CUBA REVIEW by Willett & Gray, of New V ork. Our last sugar review for this magazine was dated October 9. At that time Cuba Centrifugals were quoted at per lb. and are now per lb., showing no change for the month, although during the time the price has been as high as per lb., and no lower than per lb. for 96 test. Beet root sugar in Europe was 9s. 9>^d., equal to for Centrifugals, and the quotation now is 10s. 3d., equal to per lb. for 96 test Centrifugals, duty paid, and having fluctuated from 9s. 8^d. to 9s. llJ4d., to 10s. 3%d., to 10s. 5^d., to 9s. ll^d., to 10s. 2^d., to 10s. l^d., to 10s. 3d., at which it closes. The improving tendency of the European markets was caused by unfavor- able weather reports during the crop season, mostly of drought and freezing con- ditions. The latest estimates of the European beet crops are by F. O. Licht, 6, tons, and by Otto Licht 6,463,000 tons. Indications point to some decrease in these estimates rather than increases. The unsatisfactory condition of our market in not following the rise in Europe is caused by the maturing of the domestic cane crop of Louisiana and desire to sell it promptly on an unsettled and demoralized market for refined. The present selling price of 96 test sugar in New Orleans is 3^/80. per lb., or, say, 31>4c. per 100 lbs. below New York quotation and SSyic. per 100 lbs. below European parity. Advices from Cuba have been favorable for crop prospects and in consequence of the detailed advices we have received from a very considerable portion of the estates of Cuba, we have estimated the crop at 1,250,000 tons, subject to correc- tion from time to time. The latest indications are that the grinding will commence early in December, giving a long period to crop making if the weather proves favorable. The most important feature at this writing is the tariff question now b
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