. The Cuba review. THE CUBA REVIEW 6 menos. En las condiciones mencionadas mas arriba, el producto tendria que valer il5 ($150 mex.), dejando £i 10s. ($45 mex. mas 6 menos) 6 sea con el valor de las 2% toneladas de bagazo precisadas, £2 mas 6 menos (6 sea $20 mex.). El costo del carbon que habria que comprar para el ingenio en reemplazo del bagazo seria de £l 10s. ($15 mas 6 menos). Para el efecto calorifico, se caKula ge- neralmente que una tonelada de carbon bueno corresponda a 4 toneladas de ba- gazo de modo que el valor del ultimo no puede exceder de $. por tonelada. De- duciendo
. The Cuba review. THE CUBA REVIEW 6 menos. En las condiciones mencionadas mas arriba, el producto tendria que valer il5 ($150 mex.), dejando £i 10s. ($45 mex. mas 6 menos) 6 sea con el valor de las 2% toneladas de bagazo precisadas, £2 mas 6 menos (6 sea $20 mex.). El costo del carbon que habria que comprar para el ingenio en reemplazo del bagazo seria de £l 10s. ($15 mas 6 menos). Para el efecto calorifico, se caKula ge- neralmente que una tonelada de carbon bueno corresponda a 4 toneladas de ba- gazo de modo que el valor del ultimo no puede exceder de $. por tonelada. De- duciendo este, queda una ganancia esti- mada en $17 por tonelada de bagazo con SUGAR REVIEW Specially Written for The Cuba Review by Willett & Gray, of New York Our last review for this magazine was dated August 14, 1911. At that time centrifugals were quoted at per lb, for 96 test. At this writing they are quoted at per lb. showing an advance of per lb. At that time beet sugar was quoted at 15s. l%d. per cwt. f. o. b. Hamburg, and is now 18s. 3d. (having been 18s. 9d.), showing an advance of 3s. l%d. or per lb. The parity between centrifugals and beets was then .31c. per 100 lbs. and is now .18c. per 100 lbs. The cause of this extraordinary and exceptional advance is found in conditions of the sugar world for which we must go back many years for its counterpart, in fact, the year 1889 promises to prove the nearest precedent from the present outlook for this season. In 1889 short crops and a violent speculation carried quotations for beet sugar in Europe from 14s. 3d. at the beginning of the campaign, October 4. 1888, to 28s. iV^d. in June, 1889. The movement then was directed to cornering the market and forcing the newly formed Sugar Trust and other American refiners to buy from the Beet Syndicate their needed But when the price was pushed up to 28s. l%d., it was discovered by the Syndicate that these refiners had been able from various
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