The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1918-01-24

naHHls Tive HfeNar QEtTptfiai baa
averaged Hh,..f eeuts 40 Hrrca ei
custs werc f0urd 20 haze been lmp5S'
eI hg ihe war ia Increased cns ~ re-
nnlo.. ioserS. cost u bugs iabar ins1r-
arye. Interest and cher things, ratNeF
more tbau cover The difference Amer
prolonged negotiations the ro'iners
we're rlaecd under agreement cSlat-
fishing ffese HSis On October ], and
ANYTHING over 'hlS amount 70 be agreed
exiortIouasc under the law.
"Ip Tie course ~ these tnve.figa'
tlans /; was found by canvass Of the
Cuban producers ,hai their sugar had,
during The hnt nine months OF the
rast wear. Sold for an average 81 about
Stat per hundred Z :" b. Cuba, to
which duty and freight added 10 me
rrfincrS cost amount 10 nhont S6o
nor hundred. The average snle price
~ rranulated ~ various rehneries ac-
cording ia our Investigation, WIS ahout
81 20 per hundred, or diher"n'lnl OF
sIs4
Il, reducing the diTereniial 10 S."o
there was n saving IL the public ~ ~
cents per hundred Had such an
,crenilnl been IN uSe from the lSi OF
tnnnary. 1917. the public wonld nave
saved In the FIRST nine months ~ the
wear about s24 500 600"
Next Year.
With view 10 tlore cfiiclent organ
izaflon Of the irnde IN imported sugars
next year two committees have been
formed by the food administration
/ A committee comprising repre-
Sentatiyes OF all Of the elements OF
American cane refining groups the
principal duty of this committee Is 10
divide the sugar imports pro rata 10
their various capacities and see That
absolute justice ls done to every re-
liner.
A committee comprising three rep
rosentntIves Of the English, French
and Italian governments; two repre-
scntatives Of the American rrfiners,
with member Of the food udministra-
ton Onl, two Of the committee have
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 10 arrange transport at uniform
rites. TO distribute the foreign sugar
between the United States and allies,
subject to the approval OF the Amerl-
can. English, French and Italian gov
eruments,
This committee, while holding strong
views as to the price to be paid Tor
Cuban sugar, has not had the maj
voice, This voice has rested In the
governments concerned. together with
the Cuban government, and wish TO
state emphatically that all OF the gen
tlpmen concerned as good cominerclai
men have endeav0red with the utmost
paiience and skill 10 secure lower
price, and their persistence has re-
duc.d Cuban demands by 10 cents per
hundred. The price agreed upon is
about SiG0 per hundred pounds, I. 0. D.
cuba, or equal to about Sc duty paid
New York.
This price should eventuate,"
MIR. Hoover said, "to about $3.50
Der hundred for refined sugar from
the refiners at se9board points or
should place sugar in the hands OF
the consumer at from az to
cents per pound, depending upon
locality and conditions Of trade, or
at from to 2 cents below the
prices OF August last and from one
half to cent per pound cheaper
than today.
"'rhere is now an elimination of
speculation. eXtOriionate profits, and
IN the refining alone the American
ueonle will save over S25.0OO000 OF
he refining charges Inst year. part
~ these savings goes TO the Cuban,
Hawaiian, Porto Ricun and Ilousanian
producer and part to the consumer
"Appculs to prejudice against the
food administration have been made
becuuse the Cuban price is "a cents
above that OF 1917. II is said In effect
that the Cuhans are AT our mercy;
that we could get sugar cent lower.
We made exhaustive study Of the cost
OF producing sugar In Cuba last year
through our own agents IN Cuba, and
we lind IL averages $3.50, while many
producers are a, higher level We
found that an average profit OF at
Ieasi cent per pound was necessary
in order to maintain and stimulate
production or that minimum price OF
Si.37 was necessary. and even this
would siihe some producers,
"The price ultimately agreed was *
cents above these figures, or about one
mn ~ . cent per pound 10 The Ameri-
can consumer. and more than this
amount has been saved by our retiuc-
ron in redners profits II we wish 10
srinp production in Cnha we could
take that course juSt AT The time 81 MI
times In our history when we want
production for ourselves and the nj.
lies. Further than that. the state de-
unrtment viii assure you that such
course would produce disturbances IN
Cuba and destroy even our present
supnlleS. hut beyond all these material
.......,.. 4. op. ~ hp,nan iueficp This