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32 THE CCB A REV Tir. 
I 
for further taxation being limited, some are apprehensive that disturbances will arise 
through unemployment of the people, as in some occasions in the past, for instance 
in 1895. 
Owing to alleged mismanagement of government funds, some well-informed people 
in Cuba are advocating the appointment by the United States of supervisors to take 
charge of the collection of revenues and see to their proper disbursement. Such a plan 
was put into effect in Santo Domingo and continued with success. This, however, 
would bring up an acute political crisis as we believe Cuba would not willingly allow 
the U. S. Government to intervene in their affairs notwithstanding that Cuba agrees to 
intervention by the United States for the protection of life, property, etc., by the terms 
of the Platt Amendment. 
Something ought to be done to take care of the working people throughout the 
Island who are generally badly in need of work and no better way can be found to keep 
the laborers employed than to rehabilitate her industries, particularly the sugar industry. 
In many instances with the winding up of the present crop the laborers have only been 
paid with vouchers which are difficult to turn into money or convert into food. Cuba 
cannot help herself and something should be done and done quickly by the United States 
and it appears that Congress in putting such large duties on Cuban sugars is hindering 
rather than helping out the Island. The proposed rates of duty in the Permanent bill 
will not help Cuba to put her sugar industry on its feet, but cause further uncertainty 
and depression. 
The New York market recently has been one of unusual activity compared to the 
rather limited buying of the past few months. Our recently expressed views that the 
outside sugars, such as Porto Ricos, Philippines and full duties would be insufficient to 
supply the refiners’ needs appears to be confirmed and the Cuban Committee has, since 
we wrote you, again become a seller and has disposed of a considerable quantity of Cubas, 
partly on spot, at 3c. c. & f. equal to 4.61¢. duty paid at which level we quote the market. 
Porto Rico sugars for July shipment are no longer available but August is obtainable at 
slightly higher than the 3c. Cuban parity. 
Our refined sugar market here has followed the advance in the raw market and 
quotations are now maintained on the basis of 5.90c. f. o. b. refinery for Fine Granulated 
by most of our refiners. 
The situation in Cuba is without material change. The stock has reached the high 
point of 1,458,756 tons with eight centrals still grinding. The outlook is for a final 
outturn very close to our estimate of 3,900,000 tons. 
Our domestic cane crop in Louisiana proceeds under generally satisfactory condi- 
tions and the outlook is for a crop in the neighborhood of 210,000 tons of sugar, which 
is a considerable increase over the last crop, but still below normal. 
We have this week issued our first estimate of the American beet crop for 1921-22. 
A considerable fall-off from the large outturn of last season is anticipated as per the 
details below. 
AMERICAN BEET SOWINGS AND PossIBLE YrELD.—First Estimate 1921-22 Crop.— 
The following table gives the estimated maximum and minimum acreage of the sowings 
according to the reports received by us from the factories for the 1921-22 campaign: 
1921-22 1920-21 
No.of Maximum Minimum _ No. of Acreage 
Factories Acreage Acreage Factories Harvested 
RS Ces ol oy oa 5 48,068 41,180 5 47,562 
ET ee ae 17 163,017 141,797 17 149,442 
NE ie: a a 5 71,600 71,526 5 72,296 
Ee ih Ri ea aa 18 220,782 214,393 17. 207,778 
Die GE el elle. Ss 18 113,239 111,501 18 112,080 
a Ue ae 9 53,424 48,082 8 43,335 
California. Od SS es ee 12 130,652 127,621 10 113,681 
6011S 1775 2 a rc aa *15 94,464 86,176 117 96,806 
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99 $95,246 $42,276 97 842,980 
