36 T H E C U B A RE r I E TV 



Harvesting Tons Tons Tons 



Period 1922-23 1921-22 1920-21 



Sweden Sept.-Jan. 71,790 231,066 164,194 



Denmark Sept.-Jan. 91,000 146,800 134,835 



Italy Sept.-Jan. 260,000 217,532 135,484 



Spain Sept.-Jan. 170,000 135,000 170,722 



Switzerland Sept.-Jan. 8.000 5,500 3,710 



Bulgaria Sept.-Jan. 25,000 12,712 7,837 



Roumania Sept.-Jan. 25,000 25,761 15,006 



Total in Europe 4,603,690 4,049,821 3,681,461 



United States— Beet July- Jan. 615,936 911,190 969,419 



Canada— Beet Oct.-Dec. 12,400 18,931 34,600 



Total beet sugar crops 5,232,026 4,979,942 4,685,480 



Gra>sT) Total— Cane and Beet Sugar 18,212,839 17,699,657 16,748,601 



Estimated Increase in the World's production 513,182 951,056 1,548,200 



Reduction of Other Estimates 



H. A. Himely, the Cuban statistician, has announced a reduction in his estimate of 

 the total Cuban crop from 4,102,857 long tons to 3,750,000 tons. Prolonged drouth 

 in Cuba was given by Mr. Himely as the reason for the failure of the crop to equal 

 last season's record. 



On April 25th, Guma-Mejer made a second revision of their estimate which had 

 been cut in February from 4,193,500 to 3,800,000 long tons. They now figure the 

 final outturn at 3,670,000 tons. 



Statement for Cuban Producers 



Announcement of the action of the Attorney General of the United States in 

 applying for an injunction to restrain the New York Coffee and Sugar Exchange 

 from operating in sugar futures brought forth the following statement from President 

 Vidal Morales of the Association of Hacendados and Colonos, Cuba: 



This association states with complete information that the increase in price of 

 sugar is due to the demand therefor and to the scarcity of this product. The truth 

 of this statement is confirmed not only by the statistics compiled by various authorities, 

 but also by acts such as the entry by Japan, situated only a short distance from Java, 

 into the Western market, and the recent purchase by her in Cuba of sugars of the 

 present crop; the recent purchase by Holland of important quantities of Cuban sugars; 

 and the statement by the Chancellor of the Exchequer of Great Britain in Parliament, 

 that there exists a scarcity of sugar, and that any action taken by the British govern- 

 ment against the natural rise in price would result in the upsetting of the industry 

 in connection with the coming year. 



With regard to the action of Cuban producers, it can be stated without fear of 

 the results of an investigation, that they have sold their product as it has been manu- 

 factured, and in fact, many sales of sugar yet to be manufactured have been made. 

 Large quantities of sugar of this crop have been sold at around three cents per pound, 

 and the average figure obtained today will not be higher than 4.2 cents. 



The Cuban producers have maintained that the crop will not be probably more 

 than 3,700,000 tons, and realize that it is being made after two years of tremendous 

 prices, with the people in the country districts living under the greatest of deprivations 

 and for long periods without earning anything, the hacendados and colonos without 

 financial credit, with our native banks closed, and the producers resisting suggestions 

 on the part of foreign producing interests to lower the crop to 2,500,000 tons. 



The action against the Sugar Exchange cannot possibly diminish the legitimate 

 price of our product, which is due to natural, not fictitious causes. 



The opinion of the Association of Hacendados and Colonos transmitted by this 

 means to its members and in general to the producing classes, is that they should 

 proceed in the future as they have in the past without storing production, but without 

 precipitating their sales nor allowing themselves to be influenced by fictitious factors. 



