OCR Text |
Show Bl'GAK 1NDCSTRY JEI"KES8EI Falling off in our export, business (from $720,2SH,774 in December to $;:!0,000,ono in May), due to after-war after-war conditions, is depressing tho sugar su-gar Industry as it has all agricultural products. The available sugar supply of the American market is greater than it requires or can readily assimilate, and this condition is one that may continue in effect and the sugar industry in-dustry is in for a number of years of low prices. In the United States the crops of the coming season will show some decrease in tho aggregate, although this decline will probably be less proportionately pro-portionately than in the case of Cuba, because these crops were started before be-fore the extreme decline in prices occurred. oc-curred. Expressed in quantities, exports from Cuba to the United States are approximately 300,000 tons below those of the same period in 1920, while shipments to Europe are 600,-000 600,-000 tons less. It is expected that the new tariff legislation will help stabilize the situation sit-uation and tide the sugar industry over the period of depression. |