New York, Nov. 18.
The plans of American bankers! to take over loans amounting to over $40,000,000, which the Cuban bankers hold against the sugar growers there, have been abandoned, and consequently the extension of the Cuban moratorium, which expires on November 30, is likely.
Nov. 19.
It is announced that as a means cof relieving the financial situation in Cuba, local sugar-dealers are evolving plans to divert about 200,000 tons of raw sugar to Europe.
Nov. 20.
All six of the American Sugar Company's refineries have been closed down as the result of slackness in the demand for sugar. The vompany's officials state that it has an ample stock of all grades on hand, and that the closing of the refineries is merely temporary, an entirely due to a lack of demand from the trade.—Reuter.
Nov. 23.
According to the Havana correspondent of the Associated Press, a New York bank has instructed its branch in that city to place $10,000,000 at the disposal of the Cuban sugar planters in order to enable them to make preparations for the coming crop. A plan is also being considered for the extension of credit to European importers to assist them in financing the purchase of the crop.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.