Word: cubans
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Dates: during 1930-1939
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...world knows, there is plenty of sugar. In fact on Aug. 31 there was a world surplus of 9,673,000 long tons. That very surplus, coupled with President Roosevelt's desire to help Cuban producers and to protect loud-squawking U. S. beet growers, had led the AAA to fix quotas on sugar shipments into the U. S. under the Jones-Costigan Act (TIME, April 30). To the quotas which Secretary Wallace fixed, last week's squeeze was largely...
Philippine sugar producers filled their 1934 quota early last summer. The Puerto Rican and Hawaiian quotas were completed in November. But Cuba, noted in the trade as a patient holder, still had several hundred thousand tons of its quota left as late as September. The Cubans had begun to foresee that as soon as the quotas of other producers were exhausted, they would be in control of the U. S. raw sugar market until the 1935 quotas came into effect Jan. 1. Accordingly, in early October, they signed a three-month agreement with U. S. refiners. The agreement: 1) Cuban...
...this point the Cuban agreement pinched and pinched hard. Quotas and agreements had closed every source of sugar-Cuba, the refiners, the vast world surpluses accumulated from other years. There was nothing the shorts could do- except appeal to Washington...
...report may be corrected by the moderation of another. There is further the competition of news despatches from many foreign capitals. Affirmation clashes with denial. Oddly enough, national competition still has its value. But ruthless competition in any form (national, or that of profit-greedy newspapers, as during the Cuban crisis, 1895-1898) is as dangerous as autocratic, or monopolistic control. The middle ground of regulated, responsible competition is the modern democratic ideal, as it is also the international ideal. A few countries approximate the former domestically; the world is only very, very slowly attaining the latter...
Died, Dr. Manuel Marquez Sterling y Loret de Mola, 62, Cuban Ambassador to the U. S.; of asthma; in Washington. In 1932 he broke with Dictator Machado and on his overthrow in 1933 became successively Ambassador to the U. S.. Secretary of State. Provisional President, and Ambassador to the U. S. Last May he won a life-long fight when he became Cuba's sole signatory to the abrogation of the Platt Amendment...