THECUBAREVIEW 33 



WARNERS ACQUIRE MILLS 



The Warner Sugar Refining Company interests acquired tliis year a controlling 

 interest in Central Gomez Mena and Amistad. These mills have a combined capacity 

 of 625,000 bags. 



The Revere refinery at Boston, owned by the United Fruit Company, was the pio- 

 neer refiner to own Cuban production, having acquired Centrals Boston and Preston 

 several years ago. There have been repeated rumors, though unconfirmed, that this 

 Interest intended enlarging its Cuban properties through the acquisition of additional 

 mills. The aggregate estimated source of supply for Revere from its tAvo mills runs 

 close to 1,200,000 bags annually. 



The Howell interests, which are identified with the National Sugar Refining 

 Company, are well known to be heavily interested in Cuban producing companies, 

 both wholly and partially owned by American capital. The group is strengthening its 

 position through the new Cuba-Santo Domingo Sugar Development Syndicate, which 

 plans to control on the Island mills with an aggregate capacity of 42.5,000 bags. In 

 Santo Domingo this syndicate will also have very extensive, holdings. 



MANUFACTURERS ALSO BUT 



The general tendency today of American manufacturers, large users of sugar, to 

 acquire Cuban sugar properties is as marked as that of the refiners, and is nearly 

 as important. The difficulties of obtaining their supplies during the war, brought 

 home to many of them the economic advantages accruing from ownership by a 

 manufacturer of his source of supply. 



The pioneer American manufacturer to enter this field was the Hershey Choco- 

 late Company, of Pennsylvania, who built Central Hershey several years ago. This 

 company continues to add to its Cuban holdings, having recently purchased Central 

 Rosario. 



Among the large manufacturers of this country who have acquired Cuban prop- 

 erties recently are the Hires Root Beer interests, who purchased Central Dos Rosas, 

 with a capacity of 50,000 bags, and George W. Loft, the candy manufacturer, who 

 has bought Central Dulce Nombre, now Central Loft. 



DETAILS NOT PUBLIC 



There have been several other transactions reported involving full or part own- 

 ership by American manufacturers of Cuban mills, but the details of which have 

 not been made public. When they are revealed this information will show that a 

 number of large consumers, classed as maufacturers, have strengthened their business 

 position by safeguarding their sugar supply through the ownership of an interest in 

 Cuban properties. 



The investment by Americans at large in Cuban sugar properties has been ex- 

 tremely large so far this year. Attracted by the high price of sugar, and the obvious 

 assurance that profitable earnings would accrue to Cuban sugar properties, Cuban 

 sugar stocks and securities have found a ready market. In addition to this general 

 buying of securities, there have been reorganizations of Cuban sugar companies, in 

 which American capital has liberally participated. It is estimated that American 

 capital now controls and is interested in approximately sixty per cent, of the sugar 

 production of Cuba. — Facts About Sugar. 



GERMANY S BEET ACREAGE on the average, but the sugar content is 



The total area planted to sugar beets low ; an average of 11.7 per cent, seems 



in Germany this year amounts to 278,052 to be the best that can be expected for the 



hectares (688,2.50 acres), an increase over 1920-21 crop. The weather throughout 



the preceding year of 17,01.3 hectares, or central Germany is very favorable and 



about 9 per cent. the beets are developing rapidly to good 



The stand of beets is fairly satisfactory average sizes. 



