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Show I FAIR PROSPECT 1 IN SUGAR TRADE Hoovers' Review Predicts Cuban Surplus Will Be Cut in 1922 WASHINGTON. Jan. 21. Early dissolution dis-solution of sugar control by the previous prev-ious administration com the American consumer hundreds of millions of dollars, dol-lars, the department of Cor..iu. r. -aid Friday In a review. "The world sugar market " It sala. hay follow. .1 i very uncertain cour. , during the last two years. Purina 1 1 9 and 1919 sugar prices and dls-i tribution of the world were under Joint I control and western hemisphere sugar were administered through the sugar equalization board. SPBCUIiATTON i;FGIN , "The previous administration de cided not to continue this board be-von.l be-von.l distrlhirtlon of the 1919 crop and Immediately large pnculatl c operations opera-tions began with most disastrous results, re-sults, whereas during the great stress of the war sugar wa.s maintained a prices that dealt fairly with both producer pro-ducer and consumer. The control was obviously dissolved too early in view of the enormous disturbance to both production and consumption. The loss to the American consumer war, Inevitably In-evitably followed by a crash which has done Infinite Injury to the sugar producers." IMMENS1 51 RP1 I S The most depressing market condition condi-tion toward tin end t 1 - 1 . the i'- part men, continued wa.s the large stock of unsold sugar In Cuba, the c over being estimated at 1,200.000 tons, of old smear us against a normal car-I I-vy-over of less than 100.000 tons. A ?arcful survey of the world sugar ilt-i ilt-i uation however, Indicated. If was added, ad-ded, that if Cuba does not produce Hbovc three million tons this year there la fair prospect that the prcxen,- sm-plus sm-plus may he absorbed by the end ol 1922, with a world earry-ovr that will not be far from normal Reduction of the carry-over to normal nor-mal should result In stabilization and iTtinrovcmcnl In prices, the department asserted High prices In 102o, it was explained, had i Hndem;. to redm ronsumptton while conversely the rela-Mvely rela-Mvely low price of sugar should result In increased consumption which will he felt before the end of 1921. |