The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1911-09-17
The. American Sugar Refining Com
pany Says High Price Of
Sugar is Due to Heavy
Crop Shortage.
CUBAN CROP IS SHORT
Chairman Of the Congressional Inves.
tisatins Committee Says the
Trust is Not Responsible
for the Advance.

In view of the rapid advance in
the price of sugar the following from
the New York Commercial Journal, OF
September 14th, will be OF interest:
The American Sugar Refining Co.
issued recently a statement OF It's
view of the advance in the price OF
sugar in the last three months to the
highest figure it has reached IN ~
years.
The Arbuckle and Federal refiner-
les are now selling refined sugar at
cents pound, less per cent for
cash, the American company main.
tanning it's figure at SIS cents pound
less the same discount. The American
! company's price has been constantly
less than the others in the recent ad-
I vance. The increase in refined sugar
from June 15 to the present has been
| 1.T2 cents at the Americans rates.
The American company says that as
producer of AZ per cent OF the refln-
ed sugar of the county 1t deems II
timely to record publicly it's policy
and understanding in the matter. Inc
company declares it's policy OF main
tanning a reasonable margin Will be
continued, because dictated by a rec
ignition of its relation to the welfare
of the people as we'll as by good Dusl-
ness.
In it's statement the company says:
THE crop just harvested in Cuba
| rh1 IF about SutlUlU
4 tons from the previous crop-a direct
+ loss in our supplies, as these sugars
come to the United States almost ex-
clusively. Long continued heat and
drought in Europe have SO seriously
impaired the growing beet sugar crop
of France, Germany and Austria that
!, estimates of reduction OF from j.
100000 to 100000 tons or more
nearly one-fifth--in the supplies OF
Europe are generally made.
"This threatened scarcity has caus
J ed excessive speculation in Europe
!, and have advanced the sugar prices al
! London and Hamburg a cents pei
pound since June Is, while growers Of
cane sugar. in the face of an anxious
demand and a certain shortage in tht
beet product, have similarly advanced
!, the price of their product rs cents
per pound in the same period.
"The American Sugar Refining Co
!. does not own an acre of cane suga
land, nor does it produce pound 0
raw sugar; It depends for its supple
of raw sugar upon the growers
+ Cuba. Porto Rico, the Philippines
: Hawaii Java and other sugar cour
a tries. It has, in common with all otf
d ar ref1neries at home and abroad, bee
8 compelled to secure it's supplies fror
r these sources at constantly advan'
. ing prices.
u "On June Is raw sugar could be g.
'. cured at 3.89 cents per pound La'
q week the corresponding price was 81
10 cents per pound. On the June dat
this company was selling granulate
le sugar at 40 cents per pound ne
1t while recent quotations have been
IS high as 6.62 per pound net. Throug
u out the rise our prices have frequent
le been from 10 cents to 20 cents p'
IL 100 pounds below other refineries.
IN 1.-THE domestic sugar crops promli
a good yield, and with their harves
I'd ing which has already commence
Sc and which will be in full progress
lg October. the present furry should d
al appear, In the meantime, our poll
de as regards a reasonable margin W
nd be discontinued; it is dictated n
ts only by recognition of our peculi
be relationship to the welfare OF 7
country's household, but also by go
business, for any decided check
consumption with profit margin
ba narrow as that in sugar refining cou
n only occasion heavy losses to all
th finers."
en- SAVANNAH, Sept. 15.-Congre
ioly nf Ga