The Challis messenger. (Challis, Idaho) 1912-current, 1918-01-30

H0OVGT n. II
made of the costs and profits OK rem
ine and 1t was finally determined LA
the spread between the cost Of FaW
and The sale Of refined cat!6 suga!:
shou,d he limited to $3.50 per hundrea
hounds. The pre.war differentiai hao
Averaged about 50 cents and hlcteaseo
costs were found to have beefSs'mpos-
ed by the war in increased cose oi ~.
finins. losses cost Of bags, labor, ins"r.
ance. interest and other things rather
more than cover the difference A1tel
prolonged negotiations the rehhet'
were placed under agreement es."u
fishing these limits on October l. anu
ANYTHING over this amount to pe "sl00"
extortionate under the law.
"In the course OF these lnVestis".
tions 1t was found by canvass OF 'ie
Cuban producers that their sugar hau,
during the first nine months OF the
past year, sold for an average OF aoou.
S4,o4 per hundred +. o. b. CUBA, 10
which duty and freight added TO inc
ref'ners cost amount to about 1910
nor hundred. The average sale price
of granulated by various ref1nerles' nc
cordlng to our investigation, was aoo'.
$3.50 per hundred, or dii1erehtia' u
$1.S4. ., on
"1n reducing the differential to Sl'5o
there was saving to the public OF %
cents per hundred. Had such oii
ferential been in use from the ISL VI
| January, 1917, the public wouio nav
saved in the first nine months Oh 'i'e
! year about $o4, 100000
Next Year.
with view to more efficient organ
| ization of the trade in imported sugars
n.xt wear two committees have been
formed by the food administration:
| l. A committee comprising repre-
santat,yes of all of the elements OF
American cane refining groups. Inc
nrincipal duty Of this committee IS 10
divide the sugar imports pro rata 10
their various capacities and see thA'
tabsolute justice is done to every re-
finer.
| 9. A committee comprising three rep
resentatlves of the English, French
and Italian governments; two repre-
sehtatives Of the American reflners'
with member of the food administra'
|tion.' Only two of the committee nave
arrived from Europe, but they repre-
sent the allied governments. The du'
ties Of this committee are to determine
the most economical sources from .
transport point Of view OF all the al
lies to arrange transport at uniform
rates, to distribute the foreign sugar
between the United States and allies,
lsubject to the approval Of the Ameri'
can, English, French and Italian gov
ernments.
II This committee, while holding strong
fytews as ito, the price to be paid for
Cuban sugar, has not had the final
I voice. This voice has rested In the
\ governments concerned, together with
the Cuban government, and ! wish to
state emphatically that all of the gen.
Itlemen concerned as good commercial
men have enueavored with the utmost
l patience aHa, skill to- secure . lower
price; and lheir persistence has re
duced Cuban demands by Is cents pei
hundred. NE price agreed upon ii
4 about $3.50 tar hundred pounds +. o. b
Cuba, Or equal to about S. duty pait
IsNew York. ..,.s.-.+
"This price should eventuate,"
Mr.. Hoover said, ITO about $3.50
per hundred for refined sugar from
the refiners at .seaboard points or
should place sugar in the hands Of
4 the consumer at from eL2 to 9
/ cents per pound, depending upon
Il locality and conditions of trade, or
at from I to cents below the
prices Of August last and from one
half to a cent per pound cheaper
than today
ii '"There is now an elimination {
speculation, extortionate profits, an
in the refining alone the America
people will save over 100000 {
, the refining charges last year. A pal
of these savings goes to the Cuba
Hawaiian, Porto Rican and louisiana
= producer and part to the consumer.
: appeals to prejudice against Il
!. food administration have been mac
: because the Cuban price is "a cen
above that of 1917. 1t is said in effe
4 that the Cubans are at our mere.
e that we could get sugar cent lowe
We made exhaustive study Of the co
: of producing sugar in Cuba last ye
through our own agents in Cuba, al
?, we find it averages $3.50, while NAL
g producers are at a higher level. v
d found that an average profit Of
8 least cent per pound was necessa
|. in order to maintain and stimula
l. production or that a minimum price
n $4.37 was necessary, and even Il
r would stifle some producers.
s "The price ultimately agreed was
y cents above these figures, or about OF
d fifth Of a cent per pound 10 the Anne
n can consumer, and more than Il
d amount has been. saved by our redv
y ton in refners' profits. If we wish
Is stifle production in Cuba we co,
e. take that course lust at the time of