, 1893-05-13
HAVANA.
Havana, Cuba, March so. 1893.

Edtt0r L0NtStGx0 f1dntcr: Exporters, our
ing the past days, indroed by more favorable
advices. have vainly endeavourrd to content
with spectators, who have again enhanced
prices, and freely paid u to Il IA, whilst
offers of the former did not go over 81 to :
rs. for parcels s6 deg, to est deg test .%oentris
tugals brought forward, at which rates they
succeeded to secure only 9 few small lo4s "
outports.
In spite of the present favorable situation
OF the market, planters, i'll the expectation of
better prices, offer their sugars more spAIlng
ly than heretofore. and on this account tbs
bulk OF business transacted this week has besn
rather light. aggregating only ahout $4,000
bags oentrifugSls at from go to II rs. IaVer-
age $3.50. per pound, 1900 bags molasses
sugars, at from 4.80 to 81 re-. leverage 2.543o.
PER pound(, and Pas hogshead muscovnios. at
5.l34 to'5. l63rs (2.25c. per pound Averag"
price,.
There being no doubt now that the decreass
in this years crop will attain 40 per cent. as
compared with the previous one, equivalent
to about 200 900 tons. the Havana spectators
are determined to contend to the utmost with
the New York Trust and not allow them to
have q single grain of Cuban sugar At a
particle less than it is worth, and this Is the
reason why exporters have been unable to
acquire any parcel of Importance at this place.
The Crop. Fhe weather having kept pro
pltiouE to grinding operations, the crop was
80 actively pushed throughout the mouth OF
March that, on this account ana the scant'ness
OF cane this year, a certain number of rtanta
tons have already finished grinding and the
greater part do not expect TO continue over
the 18th Of April next.
Up t" this date the number of estates
whioh loua hoat, - onmraffop- m thar. full
capacity is rather limited, though the month
now nearing it's end is generally the most
favourable to the cane and the, quantity of
prime material that is operated upon falls
below the average of the previous years. The
cultural decrease is said to be no less than 50
per cent. i'll certain localities.
This fact, of which there is no doubt to day,
induces the RsUisto de Agriculture to state
that the former apprecia ton OF . decrease of
200. 900 tons in this years Drop is now fully
confirmed and it is even doubtt ] whether til"
production will even attain the 82O,0UO tonA
made in 1891.
The certainty of athe decrease here and IN
the beet ciop and lack Of probability of larger
paintings in Europe for next year, are power
full causes for high prices, which will by some
means, compensate the decrease in the pro
duotion. though a quantity of Sl2, 900, 1000 or
$4,000, 900 less in val ue of the principal sta
pie of this island is ratheS difficult to compen-
safe by an advance in prices however consider
able this may be bt; and although through
any unforeseen event sugar should obtain
extravagant prices the next few months the
benefits thereby realized would be for spscu-
latsrs only.
Planters being obliged to dispose Of their
sugars at q given moment, derive from the
advance in prices no more profit than tbs
most Immediate one as there is here no mort
gaging establishment or bank to provide them
with the funds necessary to resist the impo-
s%itionss. Of ::speoulators and tenants in gener-
al and the same disposition is to prevail in all
the lsugar markets of the world, until the
prospects for the next beet crop are better de-
fined than up to this date.
Havana to be The Fret Cuban Sugar Market:
Several of our principal planters are endea-
voring to obtain from the warehouse compa-
MES and managers not only . reduction in
storage and weighing expenses should be
made by the rates. but also that payment of
same, insurance producer and not by the pur-
chaser, 40 has heretofore been the custom at.
this place, in ordert to attract at Havana h
larger quantity of sugar which, if they sue
coed in their scheme, could be disposed OF at
the sama price thew obtain at MatanzAs and