. The Cuba review. 34 THE CUBA REVIEW SUGAR REVIEW Specially written for The Cuba Review by Willett & Gray, of New York Our last review for this magazine was dated February 13, 1913. At that date the quotation for 96 test centrifugals was per pound. They had been sold at 2 l-16c c. and f. in January, hhit were then 2%c c. and f. These quotations of 2 l-16c c. and f. and per pound duty paid, proved to be the- lowest of the present Cuba crop campaign, and the market has slowly and steadily improved until at this writing the quotations are 2 7-32c c. and per pound dut
. The Cuba review. 34 THE CUBA REVIEW SUGAR REVIEW Specially written for The Cuba Review by Willett & Gray, of New York Our last review for this magazine was dated February 13, 1913. At that date the quotation for 96 test centrifugals was per pound. They had been sold at 2 l-16c c. and f. in January, hhit were then 2%c c. and f. These quotations of 2 l-16c c. and f. and per pound duty paid, proved to be the- lowest of the present Cuba crop campaign, and the market has slowly and steadily improved until at this writing the quotations are 2 7-32c c. and per pound duty paid, showing an advance for the month of 10c per 100 pounds. While this is not a large rise, still it is important as coming at the height of th« sugar-making season. The weekly receipts do not show an excess over what they should be to complete the full crop expected. These receipts should reach monthly amounts as follows, say March, 430,000 tons; April, 400,000 tons; May, 310,000 tons; June, 150,000 tons and after July 150,000 tons. The about 200,000 tons thus far made above last year to this time have been freely distributed and do not show much of an increase of stocks on hand, for the reason that the year began in the United States with stocks at a minimum for both visible and invisible, both of which have been replenished freely from the Cuba crop thus far. It is a notable feature also that in Europe stocks have not largely accumulated from the large beet crops, in fact the United Kingdom is suffering from an insufficiency of supplies and is calling upon Cuba for assistance. This is brought about partly by the disastrous outfurn of the Russian crop of beet sugar. Russia in previous prosperous years not only exported a limit of 200,000 tons to convention countries, with a large surplus over, but demanded from Brussels the privi- lege of exports of 50,000 tons more, say, 250,000 tons. The vagaries of weather conditions has changed this prospective exportation into T
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