Identifier: cubareviewbullet05muns (find matches)
Title: The Cuba review and bulletin
Year: 1904 (1900s)
Authors: Munson Steamship Line
Subjects:
Publisher: New York : Munson Steamship Line
Contributing Library: The LuEsther T Mertz Library, the New York Botanical Garden
Digitizing Sponsor: The LuEsther T Mertz Library, the New York Botanical Garden

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clined to 9s. 3d. during the last week of the month, rallied to 9s. A^YiA. and closedat gs. 3Md. Refined granulated opened at 4.65c. per lb., net cash, and closed at 4.65c. per lb., havingmade no change during the month, throughout the United States. Beet granulated sugarfrom domestic factories at the West declined ten points during the month, and is now sell-ing on the basis of 4.55c. per lb. net cash at New York. From the above it will be seen that the tone and tendency of the sugar market wereto a decline in both cane and beet sugars at home and abroad. The reason for the declineat home is to be found mainly in an acute disturbance of our financial markets, whichtended to reduce the consumption of refimed sugar, to some extent, and acted as a disturb-ance to the sale of our domestic crop of sugar, both cane and beet. At New Orleans, where the domestic Louisiana oane crop began to come to marketin some quantity, towards the close of the month, prices naturally fell below the nominal
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Entrance to the Central Santa Teresa at Sitiocito. 28 THE CUBA REVIEW And Bulletin. parity of the New York market, and, at this writing, 96 test sugar is selling there at3^ic. per lb., equivalent to 3.84c. delivered at New York. Regarding crop pro.spccts, during the entire month of October, the weather for theEuropean beet crop proved favorable. Estimates of the European beet crops, made byfive different experts, are as follows: F. O. Licht, 6,580,000 tons; Otto Licht, 6,600,000tons; Blat, 6.730,000 tons; Giesekcr, 6.240.000 tons; Factories, 5.879,920 tons without theother countries, which are generally estimated at about 450,000 tons by others. The actual crop outturn for preceding year was 6,717,000 tons. It will be noted thatthe estimates for the present crop are less than the last, with one exception. Regarding the cane sugar crops of the world, we have given out our preliminaryestimates by countries amounting to a total of 7,196,000 tons, showing a net decrease of165,936 tons fro

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