Business & Finance: Cuba Cane

Greatest of the Cuban sugar companies is Cuba Cane Sugar Corp., formed early in the War, now controlling 829,500 acres. Yet despite its dominance, Cuba Cane suffered with all the other Cuban producers when their tremendous output was joined by new peacetime crops from Europe. For many a year Cuba Cane has stumbled on, always seeming on the verge of either collapse or sudden success. But coming on Jan. 1, 1930, is an obstacle no company in poor shape could meet—the maturity of $25,000,000 debentures. To surmount this obligation, a complete reorganization was...

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