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Show THE OUTLOOK FOR SUGAR. H Notwithstanding a fight on the isH sugar schedule of the tariff will open I in the senate today, the sugar outlook out-look Is encouraging. Reports fiom Cuba have been some what disturbing as the crop condi tions on the island are better than had been expected. Instead of a yield of 3.540,000 tons, the cane yield may reach 4,000.000 tons On Friday the department of com 1 mcrce gave out the following state-'"the state-'"the present sugar crop of Cuba, Which had been pre iously estimate! at 3. ".00,000 tons, has cyrridod all ex-' pectationB. On July 15 with thirteen mills grinding. 3.900,000 tons had been produced. The estimate for the erop Is now placed at between this amount and -1,000.000 tons. "During the past few weeks world conditions have caused marked ad- vances In the price of sugar, and if the present prices for sugar continue. next year is looked forward m as a period of real financial adjustment I Planters predict a shorter crop in Cuba for next year, because of lack of planting for two years This, com-j bined with an alleged shortage of 350,-: 000 tons In the United States sugar, beet crop, gives them hope3 for the continuation of favorable prtces fori tugar. I "There Is a feeling of optimism in the sugar industry in Cuba such as has not been felt since the panic of 1920.' Though the Cuban crop Is large this season, the favorable teature ot the report Is that planting has been neglected and from now on there Bhould be a reduction in production. With Cuba reducing its yield and the United States Imposing a duty of 2 cenTs a pound, tho sugar industry In the United States should prosper. Our beet supar plants should begin to recover some of the losses of the past threo years. |