ISHOE “CoO BAY EV ACE, W: 33 
*Includes 5 factories in Wisconsin, 3 in Wyoming, and 1 each in Illinois, Indiana, Iowa, 
Minnesota, Kansas, Montana and Washington. 
tIncludes 5 factories in Wisconsin, 3 in Wyoming, 3 in Iowa, and one each in Illinois, 
Indiana, Minnesota, Kansas, Montana and Washington. 
From the above table it will be noted that the maximum acreage planted this cam- 
paign amounts to 895,246 acres with a minimum acreage expected to be harvested by 
the growers of 842,276 acres. These figures are materially below the early estimates of 
last season, but it will be seen that the minimum acreage is practically the same figure 
as that actually harvested in 1920-21, say 842,980 acres. It must be borne in mind how- 
ever, that the question of price obtainable for sugar will be the determining factor in 
the final outturn and with the present low prices prevailing, a further abandonment 
from the minimum figure given in this table appears to us probable. Furthermore, it is 
hardly to be expected that the fine yield obtained last year will be again experienced, 
and hence, taking all things into consideration we are not inclined to look for an outturn 
of sugar this season exceeding 800,000 tons although with favorable weather conditions 
from now on and better prices for sugar, a larger figure based on the above acreage, 
would be entirely within the possibilities. There is however, no likelihood of the crop 
reaching the proportions of 1920-21 when the outturn of sugar amounted to 969,419 tons. 
Several factories are not expected to operate this season, including Waverly and 
Belmond, Iowa. Probably two of the three in Washington will remain closed also. 
Weather conditions in the principal beet growing States have not been quite as 
favorable generally as would be liked. In Ohio the crop at this writing is reported as 
being fair to good with rain needed. Conditions in Michigan are only fair, the weather 
having been dry with some damage caused by the drought, although a few factories in 
the State appear to be in better positions and report good stands. Sixty per cent or 
more of the crop is thinned. Fair conditions are reported from Wisconsin, while in 
Nebraska the situation is normal with no damage by the recent floods. In Colorado, 
weather earlier in the spring was very dry and consequently the seed beds were only fair. 
Early planting and sufficient moisture overcame these deficiencies to some extent, 
however, and while small damage was reported by the floods this spring, the crop may be 
said to be in a normal or slightly below normal condition. Thinning is largely 
accomplished. 
Conditions throughout Utah and Idaho are rather better, being generally reported 
as good, and in Idaho particularly the agriculturalist of one of the large companies writes 
us that stands of beets are the best experienced in that section of the country. Some root 
rot has been reported-but conditions generally in the two states may be said to be satis- 
factory. This company also writes in regard to the labor situation that they are amply 
supplied for their needs. With a little better than 50% of their beet labor composed 
of Mexicans and a few Japs, Russians and Americans, they inform us that they have 
been able to get more local American labor for beet work than has been the case for sev- 
eral years. They are not, however, as satisfactory as the Mexicans, Japs or Russians, 
and will not do this class of work if other work is obtainable. In Wyoming the weather 
during the winter was dry and the spring was by no means ideal, but the crop neverthe- 
less got a fair start. Sowings and yields are below normal in Montana and Washington. 
In California where sugar making is now started, while the weather was rather dry in 
the spring, conditions are now reported as being satisfactory in most instances, with labor 
plentiful. 
New York, N. Y., July 21, 1921. 
United Railways of Havana 
According to press reports the United Railways of Havana have sold an issue of 
approximately $2,000,000 5% non-callable debentures to J. Henry Shroders, in 
London, at 70. The bonds are being offered abroad at approximately 73. 
