Show CUBAS C USE Effect of Incendiarism In the SugarCane Sugar-Cane Fields CHICAGO Jan 3A local paper says Th < effect of incendiarism i the sugar cane fields of Cuba by the insurgents In-surgents has reached this market with greater force than that noted last week and sugar is on the upturn The net advance this week has been Ac the wholesale price of granulated being 5ic Conservative dealers are predicting predict-ing a further advance of fully 7 and others look for an upturn of a cent The latest news vn the street is that the Cuban crop is rapidly passing out in smoke Best information from the central cen-tral producing localities state that there is remaining only 15 per cent of a crop Early in the crop year the yield was estimated at 1100000 tons Later estimates reduced it to 700000 tons afterwards a terwards to 500000 tons and the latest to wholesale make dispatches sle grocers me the Cuban crop only 300000 tons In view of the fact that the European beet sugar outlook Is poor OIL a side prices there is preparation for higher sugar It is a time of year when retailers stocks have run low and they are rushing rush-ing into the market with orders Jobbers Job-bers are buying everything they can lay their hands on Refineries have been compelled to shut off large speculative spec-ulative orders and can scarcely keep pace with what appears to be legitimate legiti-mate consumptive demand The London market i active and advancing and tits raw product h world over is in big demand The Louisiana planters are holding back supplies expecting higher prices |