The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1918-01-25

per hundred. The average shie prev
OF granulated by various refneries. ac-
cordIng to our investigation, was about
$3.50 per hundred. or a differentiai OF
81 81.
I'm reducing the difrerential TO SlSe
there WINS n saving to the public OF %
cents per hundred Had such OH.
ferential been In use from the LIST OF
January. 1917, the public would have
saved in the first nine months OF the
year about s24s000O0."
Next Year.
with view TO more efficient organ
lzation OF the trade In imported sugars
next year two committees have been
formed by the food administration
1. A committee comprising repre-
sentntives OF all OF the. elements OF
American cane refining groups The
principal duty of this committee is TO
divide the sugar imports pro rata to
their various capacities and see that
absolute justice Is done to every re-
finer
2 A committee comprising three rep
resentatiyes OF the English. French
and Italian governments; two repre-
sentntiyes Of the American refiners,
with member OF lle fo'od admlnlstra'
ton! Only two OF the committee have
arrived from Europe, but they repre-
sent the allied governments The du-
ties OF this committee are 20 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.
subject TO the approval Of the Ainerl.
can. English. French ana Italian gov
ernments,
This committee, while holding strong
4iews as 10 the price TO be paid for
Cuban sugar has not had the nnh
voice. This voice has rested Ia the
governments concerned. together With
the Cuban government, and wish 10
state emphatIcally that all Of the gem
tlemeu concerned as good commercial
inei, huye endeayortd with the utmost
patience and Skill 10 secure lower
price. and their persistence has re-
duced Cuban demands by 10 cents per
hundred. The price agreed upon is
about S4.G0 per hundred pounds. { o, b.
Cuba. or equal to about So duty paid
New York.
rThls 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
the consumer at from 90 TO 9
cents per pound, depending upon
locality and conditions OF trade, or
at from I to cents below the
prices Of August last and from one
half to cent per pound cheaper
than today
There Is now an elimination OF
speculation, eItortionate profits, and
in the refining alone the American
people will save over S25,000.000 OF
the refining charges last year. A part
OF these savings goes TO the Cuban,
Hawaiian, Porto Rican and Louslanian
producer and part to the consumer.
Appeals to prejudice against the
food administration have been made
because the Cuban price Is "a cents
above that OF 1917, 1t is said In effect
that the Cubans 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 oen agents In Cuba, and
we find II averages $3.50, while many
producers are at higher level We
found that nm average profit of at
least cent per pound was necessary
In order TO maintain and stimulate
production or that a minimum price OF
S4.37 was necessary, and even this
would stife some producers
"The price ultimately agreed was %
cents above these figures, or about one
nth OF cent per pound to the Ameri-
can consumer. and more than this
amount has been saved by our reduc-
tion in refiners' profits. II we wish TO
stifie production in Cuba we could
take that course Just at the time of all
times in our history when we want
production for ourselves and the al
lies. Further than that, the state de-
partment will assure you that such
course would produce disturbances In
Cuba and destroy even our present
supplies, but beyond all these material
reasons Is one Of human justice. This
great country has no right by the
might Of its position to strangle Cuba.
Therefore there Is no imposition
upon the American public. Charges
have been made before this commit
tee that Mr.. Rolph endeavored to ben
eft the California refinery of which he
was manager by this "a cent increase
in Cuban price Mr. Rolph did not Ak
the price. 1t does rirse the price to
the Hawaiian farmer about that
amount. II does not raise the profit OF
the California refinery. because their
charge for refining is. like all other re-
liners. limited to S1.30 per hundred
plus the freight dlfferential on
the established custom Of the trade.
"Mr. Rolph has not one penny OF In
lerest In that refinery"