. The Cuba review. 34 THE CUBA REVIEW SUGAR REVIEW Specially Written for THE CUIIA REVIEW by & Gray, of New York. Our last review for tliis magazine was dated October 9, 1912. At that time the quotation for 96 degrees test centrifugals was per lb. The pres- ent quotation is per lb., which is the lowest point during the entire period. The small decline was because of the restricted supplies of sugar as is usual at this between crop season. The coming market of the Louisiana cane sugar did not help the situation as much as usual as this crop is very small, reaching sca
. The Cuba review. 34 THE CUBA REVIEW SUGAR REVIEW Specially Written for THE CUIIA REVIEW by & Gray, of New York. Our last review for tliis magazine was dated October 9, 1912. At that time the quotation for 96 degrees test centrifugals was per lb. The pres- ent quotation is per lb., which is the lowest point during the entire period. The small decline was because of the restricted supplies of sugar as is usual at this between crop season. The coming market of the Louisiana cane sugar did not help the situation as much as usual as this crop is very small, reaching scarcely 200,000 tons against 316,000 tons last year. The doiTiestic crop of beet sugar which consists of refined and not raws, does not help cane refiners in their requirements for meltings. Only a few thoiusand tons of European beet sugars have come forward in addition to the 50,000 tons mentioned last month. The lack of supplies is, therefore, shown in the reduced meltings of refiners, which, in turn, has sustained the price of the refined product at less 2 per cent, for the entire month, while the domestic refined production from beet roots has taken the larger demand at irregular prices, say 20c. to 40c. per 100 pounds below the basis of granulated. This condition should continue until the cheaper cost raws from the Cuba crop become available. The real opening of business in this direction c::ime yesterday when the Ameri- can Sugar Refining Co. and the Federal Sugar Refining Co. purchased some 200,000 bags of new crop Cubas, paying for same 2V2C. c & f ( landed) for December clearance, 2%c. c & f () for first half January and 2i4c. c & f () all for January clearance. When these purchases become available after December, the cane refined business will drop to their parity and the meltings increase again from abundant steady supplies from the Cuba and Porto Rico crops. It is a notable feature that the United States is very close to i
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