Business & Finance: Sugar & Spreckels

For many a week, reports had sifted through that 1929 would see the lifting of Cuban restrictions on production of sugar cane. Producers had made calculations, had figured that Cuba's sugar crop, now over 4,000,000 tons, without restriction would reach 4,500,000, perhaps 5,000,000. Yet U. S. sugar men frowned, last week, when the conservative Journal of Commerce (N. Y.) reported the word "determined" as issuing from the Presidential mouth of Cuba's Gen. Gerardo Machado y Morales. Still frowning, sugarmen considered an appeal to Congress to boost tariff rates, another appeal to Cuban producers to conclude a "Gentleman's Agreement."

It would have been...

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