. The Cuba review. 28 THE CUBA REVIEW THE CUBAN-AMERICAN SUGAR COMPANY THE ANNUAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1913 The annual report of the Cuban-Ameri- can Sugar Company was issued on Decem- ber 12th, for the year ended September 30, 1913. The production of raw sugar by each of the seven estates in Cuba and one in Loui- siana exceeded that of the previous year considerably. The figures are: 1912-13 1,363,292 bags Eight factories 1911-12 1,143,596 bags Seven factories In detail the annual production of the factories compares as follows. Bags are 320 pounds. 1911-12 1912-13 B
. The Cuba review. 28 THE CUBA REVIEW THE CUBAN-AMERICAN SUGAR COMPANY THE ANNUAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1913 The annual report of the Cuban-Ameri- can Sugar Company was issued on Decem- ber 12th, for the year ended September 30, 1913. The production of raw sugar by each of the seven estates in Cuba and one in Loui- siana exceeded that of the previous year considerably. The figures are: 1912-13 1,363,292 bags Eight factories 1911-12 1,143,596 bags Seven factories In detail the annual production of the factories compares as follows. Bags are 320 pounds. 1911-12 1912-13 Bags Bags Chaparra 435,528 475,373 Delicias 182,157 327,438 San Manuel 60,623 Tinguaro 168,287 216,084 Unidad 66,258 96,816 Mercedita 84,558 104,836 Constancia 119,037 120,365 Grammercy, La 27,148 22,380 The refinery's output at Cardenas was 28,- 826 barrels in 1911-12 and 23,473 barrels in 1912-13. The increased production efifected a ma- terial reduction in operating costs. The cost of administration grown cane also de- creased, while "Colonos" cane, constituting much the larger proportion of the com- pany's supplies, showed a decided reduc- tion in price because of lower markets gen- erally, resulting in a decrease of 44 cents per 100 pounds in the cost of raw sugar manufactured as compared with the pre- vious year. These economies were important for the prevailing price throughout the year for raw sugar was extremely low, selling at one period below 2 cents per pound, cost and freight, to American ports. However, the average cost and freight price received by the company for its sugar was cents per pound, as compared with cents re- ceived in the season before, and a manu- facturing profit of nearly per bag of sugar was realized. These low prices were superinduced by an increased output in Cuba of a half-million tons of sugar and a record crop in Europe and other large sugar producing countries, and by the contemplated changes in the tarifif. The unus
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