. The Cuba review. 32 THE CUBA REVIEW. SUGAR REVIEW. Specially written for The Cuba Review by Willett & Gray of New York. Our last sugar review for this magazine was dated March 9, 1910. Centrifugals 96 test were then (x". per lb. and are now per lb., a continuous steady and firm market at this quotation during the entire time. Cuba sugars for shipment did not maintain the full quotations of March 9, hut have been l-16c. to l-8c. c. & f. lower, closing for April at 3c. c. & f. and May 3 l-16c. c. & f. Very liberal sales were made to our refiners for March shipmen
. The Cuba review. 32 THE CUBA REVIEW. SUGAR REVIEW. Specially written for The Cuba Review by Willett & Gray of New York. Our last sugar review for this magazine was dated March 9, 1910. Centrifugals 96 test were then (x". per lb. and are now per lb., a continuous steady and firm market at this quotation during the entire time. Cuba sugars for shipment did not maintain the full quotations of March 9, hut have been l-16c. to l-8c. c. & f. lower, closing for April at 3c. c. & f. and May 3 l-16c. c. & f. Very liberal sales were made to our refiners for March shipments, giving them a surplus of supplies for that month and for April use. The offerings for May have been of very limited amounts and all refiners are in position to buy freely of that shipment and appear to be willing to do so at 3 1-16 c. & f. ( landed). European beet sugar, which was 14s. 5 l-4d. per cwt. Hamburg, reached the highest level of the campaign at 14s. 9 3-4d. March 29, but losing somewhat at the close at 14s. 8 l-4d., equal to per lb., landed in New York. The parity difference between Cubas and Beets is now .77c. per lb. as against .195c. per lb. a year ago. Some persons are surprised at the continuance of this large difference in apparent values, but the is simple. Our refiners for the first time in history can see sufficient available supplies for their wants this season in free and partially free duty sugar, and hence need to pay no more for sugar than Cuba sugars can be sold at in other markets. On the other hand, European countries are short of supplies and must pay full world prices in order to draw sufficient supplies. This dififcrence of parity just meets the re- quired conditions and will continue to be maintained until Europe draws from the United States sources of supplies sufficient amounts to make it possible that supplies for the United Siates are jeopardized. When such time comes, as it probably will under the red
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