THE CUBA REVIEW 33 



all others, and at reasonably cheap prices, the United States of America is a wonderful 

 buyer of refined sugars and during a regime of low prices, surpluses carried from pre- 

 \aous years rapidly disappear. 



Since our last review, the Cuban 1920-21 campaign has come to an end and Messrs. 

 Guma-Mejer, the well-known Cuban statisticians have cabled us the outturn of the crop 

 as 3,936,040 tons. The carry-over in Cuba this year Tvill be the largest in the history 

 of its sugar industry. 



The following table shows the actual status of stocks and unsold sugars as of the 

 present date (November 10th) : 



Cuban Crop 27,550,000 Bags 



Local consumption and Exports of Refined (estimated) 1,400,000 Bags 



26,150,000 Bags 

 Bags 



Shipped against prior Committee Cor tracts 8,107,367 



Shipped during formation of the Committee 1,283,345 



Sold, shipped, and in course of shipment and afloat — by 



Committee 6,452,214 



15,842,926 Bags 



Stock in Cuba 10,307,074 Bags 



1,472,439 Tons 

 Tens 

 Of this stock there has been sold bv the Committee — 



unshipped— 224,588 bags . ._ " . 32,084 



Balance imshipped against prior Committee contracts — 



268,472 bags 38,353 



70,437 Tons 



Unsold Sugars on hand 1,402,002 Tons 



Since we last wrote you, we have issued our revised estimates of the sugar crops of 

 the world, showing the outturn which may be expected during the 1921-22 campaign, 

 the grand total for cane and beet sugar being estimated at 15,620,000 tons against latest 

 figures for 1920-21 of 16,555,059 tons, a decrease of some 900,000 tons. Cuba is estimated 

 at only 3,000,000 tons and while there is sufficient cane growing there to produce a verA^ 

 much larger crop, the financial stringency is such that it mU be difficult to say just 

 what will be the final outcome and we are frank to state that the figure of 3,000,000 

 tons is only a guess. Our Domestic Cane crop in Louisiana is expected to show an 

 increase of some 50,000 tons over the past crop, say to 200,000 tons Avith Domestic 

 Beet estimated at 900,000 tons against 969,000 tons produced in the past campaign. 

 Port^o Rico and Hawaii both show an expected reduction; the former to 415,000 tons, 

 the latter to 450,000 tons. The total cane sugar crops of the world are estimated at 

 10,784,500 tons against 11,831,715 tons in 1920-21 and the total beet sugar crops at 

 4,835,500 tons against 4,723,344 tons last season including European Beet crop of 3,- 

 912,500 tons against 3,719,325 tons in the past campaign. 



Regarding our Domestic Cane Crop in Louisiana, arrangements have been made 

 with one of the New Orleans Refiners to toll some 30,000 tons of this sugar at a tolUng 

 margin of 85c. per 100 pounds. 



There is little of interest to Avrite regarding the permanent tariff, now under nego- 

 tiation in Washington. Despite the petitions that the matter of the tariff on sugar 

 from Cuba be given prompt attention, the Senate Committee has been so busy on other 

 schedules that little progress can be reported. Meanwhile, Congress has extended the 

 life of the Emergency Tariff Law which was about to expire, until such time as the 

 permanent tariff is scheduled to go into effect. 



New York, N. Y., November 26, 1921. 



