Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-01-14

incidentally these figures show that
there is greater Increase In the per-
centage which cane sugar contributes
to the worlds sugar crop than there Is
in that Of beet sugar.
1t Is interesting TO know that the an
nual consumption Of sugar In the world
Is over ten million tons, and that the
present is the first time In years that
the estimated worlds supply has run
down below the consumption mark.
Equally interesting is the fact that the
Increase In the worlds consumption
last year over the year prior, was close
&c 100000 tons, and that each year sees
a corresponding increase,
Those best Informed on the local
sugar situation are OF the opinion that
the era of high prices will not extend
into another year. These things al
ways correct themselves" said one
dealer to News" representative. "A
shortage In the supply naturally forces
up prices, and those factories that hap
pen to have a supply ON hand profit 10y
H. An immediate consequence Is that
consumption falls off, or there is O big
thrush of producers, both cane and
beet, to the field which looks 30 profit
able, and the next year there is an in
eYttable overprOduction with conse-
quent fall In prices. II Is one phase OF
the eternal law OF supply and demand
and no one can alter IT,"
A local newspaper has attempted 20
make sensation out OF the advance
In the price Of sugar claiming that the
increased price was in some mysterious
way due to the action of the sugar
trust. A local dealer who handles
great part of the sugar that comes In
to this market in speaking Of this
matter to the News" said THE price
OF sugar Is high just now because
sugar threatens to be scarce; just as
wheat, corn and cotton jump In price
when the worlds crops are short.
These are questions too big for any
trust to affect, one way or the other.
High as our prices are, they are mot
in II" with the advances which have
taken place elsewhere. Take, for In
stance, Missouri river points-where 80
much OF Utah and Idaho sugar has
had to be sold IN the past, and will
have 10 be In the future. A year ago
sugar sold there at s4,4Sh per hundred,
now It is f6.ll, an advance Of Sl.62h
per 100 pounds"
MR. CUTLERs VIEWS,
Mr.. 7. r. Cutler, general manager OF
| tho Utah and Idaho companies, was
| asked by the News" for his opinion
regarding the permanence Of present
| prices, His reply was as follows: mo
one can say how long the present prices
| VIII remain. The best authorities agree
| that there is a shortage Of 100000 tons
| between the estimated consumption this
| year and the estimated supply on hand.
| If these figures are correct, the short
| age will be most keenly felt around the
| first part Of October before the new
| crop Is In the market. My latest ad d.
! Vices from the best sugar sources are
| that prices on raw sugar on which, OF
course all the prices for refined ore
/ based, are higher In Europe than in this
! country. For Instance, today's price
| OF raw In New York is s512h, which
is 31l5o below the price Of raw In Su-
| rope, freghts and duties considered
/ Refined IN New York Is $500 net. and
/ the natural parity which should exist
| between raw and refined Is less than II
has been for several years. Utah prices
however are not based on New York
quotations or they would be much
higher than they are. our prices are
/ figured on San Francisco rates. plus
/ freight. as San Francisco comes In
| competition with the Hawaiian sugar.
! which naturally tends 10 keen prices
! lower here than the ywould otherwise
/ be-"
Mr. Cutler was asked what he had 10
say regarding the often heard state.
ment that the price OF sugar here ought
( TO be reduced In view OF the proximity
OF various sugar factories HIS reply
was; People who make such a state
ment show poor knowledge Of actual
common sense conditions Every man.
ufacturer, whether OF sugar -four
woolen goods, canned goods. or what
not comes into competitor with the
markets Of the world We DO not find
any manufacturer OF any line OF goods
! reducing his prices below the
. natural level Surprising the va.
rious western sugar companies wore
out Of shirt NJ phllan.
thropy to say we viii take 81 per hun.
dred less for our sugar than the prlo.
outside factories charge what would
be the consequence? We would sup.
ply the local demand. It 10 true. and
every pound we have would then be
gobbled up at the cheap rate by out.
side states; then with our sup.
ply out OF the way. out.
side factories would rush in a supply
and sell their sugar IN the field which
we had vacated, at their own prices