. The Cuba review. Cuba -- Periodicals. THE CUBA REVIEW 33. Central Camaguey SUGAR REVIEW Specially written for The Cuba Review by Willett & Gray, New York, X. Y. Our last report for this magazine was dated May 7, 1918. The market has been rather quiet during the period under review with all questions per- taining to sugar strictly under Government control, but there have been one or two items of interest which have transpired, the principal one of which having been the announcement of the International Sugar Committee on May 28th, 1918, that they had decided to take up the option in the C
. The Cuba review. Cuba -- Periodicals. THE CUBA REVIEW 33. Central Camaguey SUGAR REVIEW Specially written for The Cuba Review by Willett & Gray, New York, X. Y. Our last report for this magazine was dated May 7, 1918. The market has been rather quiet during the period under review with all questions per- taining to sugar strictly under Government control, but there have been one or two items of interest which have transpired, the principal one of which having been the announcement of the International Sugar Committee on May 28th, 1918, that they had decided to take up the option in the Cuban Agreement in Paragraph 4, which expires June 15th, 1918. This o]>tion covers an additional ,000 tons of Cuba sugar, so that the total quantity now purchased amounts to 2,750,000 tons. There are also two additional options, expiring on July 15th and August 1 .oth, which have not y^et been taken up. Each of these options also covers tons of sugar f produced, and at this wiiting it looks as if this will be the case, as it appears to us that the final outttirn will exceed our estimate of 3,200,000 tons sIightly^ Messrs. Giima- Mejer's cable to us on June 8th, gave the total production to IVIay 31st as. 2,710,465 tons with the number of centrals still at work as 77. Our latest cable advices report that the weather conditions are fair, although earlier reports indicated that the rainy season had commenced. The allotments of Cuban sugar during May totalled over 300,000 tons, but allotments up to date during June have not been so large as during the early days of May, and we hardly expect that June shipments will reach this quantity. The operation of German submarines along the coast will, if continued, likewise tend to hold back the exports from Cuba. Many of the sugar ships are old, at least one of those torpedoed recently has been carrying sugar for a great many years, and as these boats are mostly slow and unarmed they are easy prey for sub- marines. Total stock
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