T H E C U B A R E V I E W 31 



Tiu'sc estimates 'it the prcstiU lime are liy Messrs, (iuma-Alejer, 1,45s, Ooo tons, and liy 

 ourselves l.dOO.OOO tons maxiimini. Some ntlier estimates are below Messrs. Guma- 

 Mejer's, hut incH'-ations derived Irom the aetual jiroduction to the first of April are that 

 the crop will ixceed thesv' lower estimates very considerably. Still, a short crop will 

 result \er\ much lielow thai of last season and below the' estimates made earlier in this 

 season. l)roui;ht conditions had nnicli more elTecl than they were given credit for at 

 the beginning-. In \ iew of the fact that the amount of crop estimates throughout the; 

 world, as slunvn at the beginning of the campaign, September 1, 1910, were apparently 

 largely in excess for the requirements for the \ear's consumption of the world, it would 

 be of interest to iH)te what has taken place in the European countries during the first 

 six months of the campaign year. 



EUROPEAN SUPPLIES 

 Figures for Ye..\r ii)iO-ll 



Convention Countries Russia 



Stock September 1 , 11)10 t)2l),243 73,850 



Production, 191 0-11 5,:!50,000 2,160,000 



Supplies 5,970,2-13 2,233,850 



Exports, ] 908-09 2,296,947 299,016 



Imports, ] 908-09 2,09.'),75G 



Xet exports 201,191 299,616 



Consumption largest previous year 4,574^131 *1,330,157 



Requirements, 1910-11, based on figures of previous 



year 4,77."),322 1,()29,773 



Estimated stock, September 1, lOll 1,194,921 604,077 



Stock, September ], 190S 722,181 493,42.') 



Possible excess over previous high stocks 472,740 110,652 



Figures of Six Months, from September 1, 1910, to ]\Iarch 1, ISll 



Net exports, 6 months, 1910-11 319,000 114,279 



Net exports, 6 months, 1908-09 118,270 132,939 



Difference in six months 200,730 — 18,660 



Percentage difference in six months 170 ■ — ^14.03 



Consumption, six months, 1910-11 2,365,000 576,978 



Consumption largest previous year (six months ) 2,166,491 *565,531 



Increase -n consumption 198,509 11,447 



Percentage increase in six months 9.17 2.02 



Net exports, 12 months, 1908 200,191 299,6] 6 



Estimated increase in net exports, 12 months, 1910-11, at 170 



per cent and minus 14 per cent 342,024 41,846 



Consumption largest previous year (twelve months) 4,574,131 *1, 330, 157 



Increase in consumption, 12 months, 19](i-n, at 9.17 per cent 



and 2.02 per cent , 419,448 26,869 



Estimated increase in reciuirements 761,472 — 14,977 



Estimated stocks, September 1, 1911, based on previous \-ears 



and rate of increase during past si.x months . .' 433,449 619.054 



Stock, September 1,1910 620,243 73,850 



Stock, Septemlier I, 1909 722,181 493.425 



'^ All previous figures from 190S-09, except those marked with *, which are 1909-10. 



