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Show MUCH BETTER OUTLOOK FOR SUGAR SHOWN Surplus Going Rapidly and Year's Production 500,-000 500,-000 Tons Less WASHINGTON. Sept. 2. Sugar production for the yc;ir. 1 f 23 will be nearly 50.0o tons less than for 192, It was estimated today by the commerce com-merce department in a survey -of tho world situation. ori'i pro. nil. nun i"i . o i-u, at 17.000.000 tons, as compared with i7.49o.ooo tube In 192-. when the consumption con-sumption was estlmat. d at In " ' tons and tho carry over Into 1923. was eatlmated ;t BiSO.OOO tons, as compared I with the carryover or L700.000 tons from 1921 Into 922 The abnormal surplus of Cuban sugar existing last January the department de-partment declared, has apparently been absorbed nnd In addition the normal nor-mal amount of the. new Cuban crop has been tuhen. Revised estimates of world production for ls.'j. the depart" merit added, ihoW 1.600,000 tons oer the earlier estimates, owing largely to the unexpected of tha Cuban crop. i OXSUMPTION 6RE M l It ! "BUI this year"s consumption." the department stated, "also has exceeded all predictions both In the United States and In Europe and even With , f, O I 1 O'l'' 111.' relS'U ero;i n,.u..r - " - " the carryover for 1'-- will not be far from norma'. The gradual rise in C. and F. prices of Cuban raws to the present level, about double the low figure Of 1 70. at the end of 1921, has no doubt been due to repl.enlfhlng of Invisible supplies and increased consumption con-sumption and In particular to European Eu-ropean demand S I RPU S .IN. The rapid distribution of the Cuban Cu-ban surplus sine- the beginning of tho year it was declared, was shown by th. export figures for the first seven months of 1922. when Cuba exported 4.000.000 tons as compared with 1.-800.000 1.-800.000 tons for the same months of 1921. wM!.' during the sane period Mic i nlted State exported 7.'.:. "an ona tons of r. flned sugar against 256.000 tons during the corresponding months the previous year. Cuban sugar production for 19.3 was estimated by the department as 3 GOo.000 tons, compared with 4.000,-000 4.000,-000 tons in 1922. While the output of the United States wa-s estimated as &81 000 tons of beet sugar In 1 923 as against 911.000 in 1922 and 208.000 tons of Louisiana cane against 290.-' 290.-' 000 tons In 1922. |