Business: Sugar Quotas

Last spring amid the magnificence of the Locarno Room of the British Foreign Office in London, U. S. Ambassador-at-Large Norman Hezekiah Davis achieved a signal triumph in international relations. He got 21 other nations to join with the U. S. in signing a pact controlling world sugar production for five years (TIME, May 10). Last week the U.S. Senate ratified the pact and simultaneously the Agricultural Adjustment Administration announced 1938 quotas for U. S. sugar imports and production. U. S. sugarmen found the former event more pleasing than the latter.

Sugar has been overwhelmed by more than a decade of overproduction....

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