30 T HE CUBA K E \' 1 E \V 



NEW CAIMTAL ISSUES OE Sl'iJAK rOMPAXIES— ST'OATl-BEET AREA 

 Tlie follnwiii;; tiilile sIkiws tli*' Jiiiaii<iiil scluMiii' of tlu' or}.'imiz:itioii (pur of ex- 

 change of iiiiii-k=."?0."_'.".s: New York cxclum^'e now about $0.02) : 



shfirr cfi/n- f<harc-capi- Issue of 



Ciiniixniirs tallirfon tdldftcr proposed Preferred 



iinitiitfi uniting obligations shares 



Mnrhs Marks Marks Marks 



Fraiikentlial 1:5,L><|0,000 2(;,4U0,00O 1^,200,000 1,200,000 



Wii-liausol 1;{,2<">.<XX) 2<;,4W,00O i:{,200,000 1.2(i0,00<J 



SmnKart (i,orM).(MiO 15,840,000 7.020,000 720,000 



Ill-ill. roiin 4,0(M),(MJ0 10,500,000 r),2SiO,0<^lO 480,<XI0 



'I'ntnl 30,400,000 79,200,000 39,000,000 3.600.000 



It is not supposed that tliis organization will affect prices, hut it will in all 

 prohahillty improve Ihe production of sugar beets and sugar and help to make up 

 for some of the losses encountered in the course of the war and resulting from the 

 pi-ace settlement. 



That such steps are of great importance to Germany was shown most clearly by 

 the result of a circular inquiry sent to all prominent sugar plants requesting infor- 

 mation on the enlargement of the area of fields for sugar-beet cultivation. It was 

 ascertained that the increase of area did not surpass 4 per cent., so that Germany 

 will, in spite of good crop prospects, be able to meet only the most urgent and 

 restricteil home demand — export being quite out of the question. 



SUGAR SITUATION IN EUROPEAN COUNTRIES OTHER THAN GERMANY 

 The Industrie vnd Ilandelszeitung of May 21 makes some comments on the 

 general sugar conditions in European countries other than Germany, stating that 

 Austria will have to depend to about the same degree as Switzerland on the import 

 of sugar. In Hungary the sugar industry, like the larger part of all other indus- 

 tries, has broken down completely ; therefore this counti'y will also have to turn to 

 the outside for help. In Poland, Soviet Russia, and the Ukraine, conditions are too 

 un.settled to give a fair estimate of their production. Poland, it is true, is better off, 

 especially since it acquired parts of West Prussia and Posen, but it is not likely that it 

 will be able to export in the near future. Czechoslovakia may be regarded as the 

 only country whose sugar will be of some importance on the w^orld's market, as that 

 country contemplates increasing its area of cultivation by 10 per cent. 



A serious impediment to sugar produrtinn wliidi is of a most grave nature is the 

 eminent shortness of coal. 



RECENT SUGAR PRODUCTION AND AMOUNT MARKETED 



The figures of the sugar production in March appear in the Industrie und 

 Handelszeitnng's issue of May 19, 1920. According to this paper, about 11,147 double 

 centners of sugar beet were worked up into sugar during that month; during the 

 seven months ended March 31 not less than 49,(}()9,4.53 double centners were 

 worked up as against SG.9t;8,3.5.!) double centners in the previous year; the latter 

 figure, however, includes the yield of the sugar-beet plantations in the ceded portions 

 of West Prussia and Posen. 



The production of raw sugar of all kinds during March amounted to 31,302 double 

 centners; during the seven months ended March 31 the production amounted to 

 6,200,975 double centners, as against 11,7.50,607 double centners in the previous year. 



The following amounts were brought into the open market: During March, raw 

 sugar. 4,S18 double centners, crystallized and fluid sugar 041,417 double centners; 

 during the period from September 1, 1919, to March 31, 1920, raw sugar 85,086 double 

 centners (in the foregoing year 92,6.50 double centners), and other sugar 4,889,764 

 double CPiUners fas against 6,9.50,809 in 1919).— C'oh.s«; Frederick Simpich, attached to 

 Aimriean Commission at Berlin. 



