Word: cuba
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Dates: during 1940-1949
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Right after Pearl Harbor, the U.S. Government frantically prepared to supply the United Nations with sugar on the assumption that we might be cut off from Hawaiian and even Puerto Rican supplies. Cuba promptly upped production by 15% and produced some 4,500,000 tons of sugar and molasses in 1942 and sold most of it to the U.S. at 2.65? a Ib. f.o.b., only a shade above the 1941 market...
Havana last week angrily buzzed with bad news: the U.S. does not want to buy from Cuba in 1943 anything like the amount of sugar that Cuba expected to sell...
...country to reduce its normal consumption and to enforce rationing. Moreover, sugar has been taken in large quantities from Hawaii and from Puerto Rico, where some U.S. ships have to go anyway, and pampered domestic beet and cane producers turned in a record crop. Hence the U.S. carryover in Cuba now amounts to about 1,700,000 tons...
Instead of meeting a pliant Uncle Sam, Cuban sugar men have therefore smacked into a tough bargainer. The U.S. offer to Cuba last month: a 40% cut in production, last year's price, plus two measly sops in the form of 1-1½? a Ib. for an additional 400,000-ton stock pile and vague offers to help Cuba diversify its one-crop economy (which is more than high-cost domestic producers have been persuaded...
...America much speculation. The week before, Foreign Minister Gabriel Turbay of Colombia, likewise visiting Washington, had confirmed a report that his nation was negotiating with Russia for an exchange of diplomatic representatives. Venezuela and Ecuador were also considering the step. Russia, unrecognized in Latin America until last autumn (when Cuba and Mexico took the plunge), was becoming known south of the Rio Grande...