THE C U B A REVIE TV 35 



an unjust burden upon American consumers for the benefit of our domestic producers, 

 destroy in a great measure our large export trade to the Island and make impossible 

 the collection of several hundred millions of dollars due to our banks and to our exporters, 

 wliich cannot be collected unless the sugar business of Cuba prospers." 



Points were made by those opposed to the Fordney rates that they will have an 

 adverse effect on Cuban sugars and not on those of other foreign sugar producing countries, 

 as the importation of fuU-cluty sugar for the past ten years, with the single exception 

 of last year, has been, neghgible; that the capital investment of United States citizens 

 in Cuba exceeds 11,000,000,000; that the Emergency Tariff Act was a severe blow to 

 Cuba, and that injury to the Cuban sugar industry would be followed by proportionate 

 decreases in our exports of food, fuel and manufactured articles to the Island. 



Contention was made that the duty on Cuban sugars should be reduced to at least 

 the previous rate of 1.0048c. which was in effect up to May 28, 1921. 



Arguing for the Fordney rates, beet sugar men from Colorado and Micliigan said 

 that under a "reasonable" tariff, the beet sugar industry can again become "moderately 

 profitable." 



Many of the beet sugar plants are practicallj^ in the hands of bankers and creditors, 

 they said. A half-way measure of rehef in the nature of an experiment which will leave to 

 a future congress the making of an adequate law will be fatal, it was asserted, to a large 

 part of the industry. The issue is, according to these witnesses, will tariff protection 

 such as is provided for other industries be accorded to home grown sugar? It was pointed 

 ■out that wliile the Cuban production has nearly doubled, the beet sugar production has 

 been very little increased. 



The finance committee expects to conclude all hearings on the Fordney bill January 

 3d and to start immediately thereafter to rewi'ite the measure. 



As far as refined sugars are concerned there has been considerable competition to 

 obtain the small amount of business appearing and after several cuts the market has now 

 readjusted itself on the basis of 5c. per pound for cane Fine Granulated, less the usual 

 2% for cash f. o. b. refinery, this price being named by all refiners in the United States 

 with the exception of the Pacific coast, where quotations are maintained at 5.40c. Beet 

 Granulated is quoted at 4.80c. seaboard basis for territory Buffalo-Pittsburgh to Rocky 

 Mountains. 



We have just received advices from Java, informing us of an increase of 75,000 

 tons in the estimate of the present crop, same now being 1,625,000 tons. 



As we write, sales of Cubas have been made for shipment first week in January at 

 IJ^c. c. & f. and later for shipment first half of January at 1.90c. c. & f. and VAc 

 c. & f. 



New York, N. Y., December 23, 1921. 



The Weir Frog Company ular on the railroads throughout Latin 



The Weir Frog Company of Cincinnati, xlmerica. 



■Ohio, has just issued a small catalog, E, in ^^^ York Car Wheel Company 



Spanish, describing their products, viz., rp^^ -^^^ York Car WTieel Company, 



frogs, switches, rail braces, rail crossings, Buffalo, N. Y., has recently pubhshed a 



.switch stands, etc. The catalog contains catalog in Spanish which describes their 



seventy-one pages, with many plates. plant, their product and their facilities. 



The plant of the Weir Frog Company is The plant specializes in chilled cast iron 



one of the oldest in the United States, car wheels, car axles, trucks, etc., and they 



adapted to the manufacture of the special have been supplying these to the principal 



lines mentioned, and their products are railroads in the United States and Canada 



considered standard by all the railroads for more than twenty-five j'ears. 



in the United States and Canada. For The catalog contains twenty-four pages 



many years their lines have been pop- with illustrations. 



