Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-01-08

ars in New York, while the same grade
of sugars from the Sandwich islands
and Porto Rico, as we'll as the domestic
product of New Orleans, has the duty
paid value Of 3.75 cents per pound.
The bond price OF sugars last Janu-
airy was e.69 cents; consequently, the
decline since that time has bsen five-
eighths of cent per pound.
The price at which Cuba sold her
past crop between Jan. ! and July av-
eraged 2.44 cents per pound in New York,
which showed decline from the previ-
GUS year Of about quarter OF a cent per
pound.
From the present bond value In New
York, 2.061a cents, must be be deducted
a tenth Of a cent for ocean freights and
a quarter of cent for shipping charges
In Cuba, including package. storage,
lish. erage, shipping commission, etc..
so that there remains only 1.71h cents
per pound.
This figure of 1.711a cents per pound
in United States currency, or It's equiv
alent in Spanish money, Is all that the
Cuban planter now gets for his sugars,
delivered at a port where they are sale
able; and out of that mentioned sum no
must pay the inland transportation to
the shipping port. As the duty upon
these sugars under the Dingley bill 10
1851 cents per pound, 1t amounts upon
the present value to Just about 100 per
cent upon the planters price, which is
now far below the average cost Of pro-
ducti,l.
wv /. a declining market for his,
sugars, the Cuban manufacturer has
also had to contend with an advanced
cost in his labor He is now paying
for labor double the price paid in the
large beet-sugar-p producing countries,
such as Germany and Austria, double
the rates that are paid in Porto Rico,
and eight times the rates that are
paid in Java, with all of which coun-
tries he has to compete in the New
York market"
NO HOPE OF BETTER PRICES.
That the Cuban planters can not
reasonably look for any material i'm
proveme It In prices is made clear by
consideration of the following facts:
The total worlds crop Of sugar for
the year ending October 1. 1901, was
9.5S1,O00 tons, an increase over the
previous year of 1,123,00o0 tons, an
amount far exceeding, 1t Is believed,
the increase in consumption. During
the year. the visible stocks Of sugar
nearly doubled, the decline in the New
York market being IN cents pound.
The estimated increase in the worlds
crop for the coming year is 100000 tons.
The beet-sugar countries of Europe
are producing in excess Of their own
needs. and of those of Great Britain.
Their surplus crop must either find an
outlet in the United States or be added
to the worlds stock.
Estimating the consumption of the
United States for the current year at
100000 tons-110.000 tons in excess
of the consumption for the preceding
year-and the supply of duty-free SUI
gar (Hawaiian, Porto Rican, and
Louisiana cane and domestic beet) at
100000 tons, our requirements OF for
eign sugar would be only 100000 tons.
But the estimated supplies OF cane SUI
gar alone, including the products of
Cuba. the British West Indies, Santo
Domingo. South America for export),
Java and Egypt. foot up to 2.o59,000
tons. In addition to this, we have to
reckon with the fact that Europe, prin-
cipally Germany, sent us last year
about 100000 tons of raw beet sugar.
The bounty system for beet sugar
prevails not only in Germany. but in
Holland. France and Russia.
How this system affects the market for
Cube sugar is illustrated by Mr.. At
kins nus
There are left but two important
consuming countries in the world Great
Britain and the United States. From
the markets of Great Britain, Cuba is
excluded by reason of the various
bounty systems of Europe, where, to
illustrate with Germany as a seller.
she has to meet price which, at pres
ent figures, is fully half cent pound
less than cost of production.
in the United States market she has
to m ~ the same competition at a price
a qua er of a, cent a pound below cost
of production and aginst the domestic |
production of the United States she Is
met with specific duty, which now
to 100 per cent upon present
" e of the sugar to her planters"