The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1918-05-25

Sugar today sells at seaboard re-
0neries at $125 hundred pounds
The wholesale grocer has agreed to
limit his profit to Is cents hundred
pius freight, and the retail grocer lie
supposed to take no more than 80 cents
a hundred pounds profit This regu-
iation was made by the food admins
tration, which now asks the housewife
10 reduce sugar consumption ss much
as possible, usins other sweefeners,
and also reminds her tret Ehe should
pay no more than 0 cents a pound for
Sugar.
Control Of cane ReHrers' Profits.
"Immcdinte!y upon the establish
ment Of the food administration" Mr.
Hoover said. .as examination vas
made of the costs and profits o< refin-
ing and II vas dnally determined that
the spread between the cost of raw
and the sale Of refined cane sugar
should be limited % s1.80 per hundred
poundA The pre-var difrerential had
averaged about &c cents and Increased
costs we're found 70 have been impos-
ed BY the war In Increased cost Of re-
0ning. Losses, cost Of bags, labor, insur-
ancs, interest and other things rather
more than cover the difference. After
prolonged negotiations the rsaners
were placed under agreement estab-
fishing these limits on October I. and
anything over this amsRnt to be agreed
extortionats under the Law.
IN the course Of thcGa tnvestign-
tons 1t WIS found BY CANVASS OF the
Cuban producers that their sugar had.
during the FIRST nine months Of the
past year, sold for an average Of about
S4.24 per hundred I. 9. b. Cuba, to
which duty and freight added to the
fenners' cost amount to about &c66
per hundred. The average sale price
Of GRADUATED By various sehneries. &C
eordine 70 sur Investigation, was about
$50 pc hundred. o. q diffsrential Of
sl.0<
'1n reducing the differeatiaI to $50
there was q Saving to the r'!hlic OF 81
cents per hundred. f5Ad sch dit
ferentIai beeA IN Csc FROM tie Let OF
January, 1917, the public would have
saved in the frst nine months OF the
year about 81 s0o,0o0"
-. Next Yeas. -.
With . view 70 more efficient organ
ixstion Of the trade IN imported Sugars
next year two committees have been
formed BY the food adIiin.stsA aoL:
!. A COMMITTEES compris...- repre-
sentatives Of ell Of TIE elements OF
American cane refining Er"!.'s. The
principal dEs.! OF this coa..I.,,,.e 10 to
divide the o gar irnpn"'S -. rata to
their various Capaciti., aaI sea that
absolute juslics Ia done to every re-
finer.
2. A commit ee comprising three rep
OF the English. French
and Italian goyernn ,nts; two repre-
sentatives Of the American refners.
with q member Of the food administra.
ton. Only two Of the committee have
arrived from Europe. but they repre-
sent the allied governments. The d.
ties of this committee are to determine
the most economical sources from
transport point Of view OF all the a.
lies to arrange transport at Uniform
rates. 20 distribute the foreign sugar
between the United States and allies.
subject 90 the approval OF the Ameri-
csn. English French and Italian gov
sSnments.
This committee, while holding strong
views as to the price to be paid Tor
Cuban sugar, has not had the final
voice. This voice has rested Id the
cJIcernei, together with
the Cuban government. and ! wish to
state emphati ally that all of the gen.
tlemen concerned as good commercial
men have enGeaYored with the utmost
patience and skill to secure lower
price. and their persistence has re.
duced Cuban demands by IS cents per
hundred. The price agreed upon Ia
about S4.6O per hundred pounds, ( o. b.
Cuba, or equal to about Sc duty paid
New York.
"This price should eventuate,"
Mr.. Hoover said, ITO about $3.50
per hundred for refined sugar from
the refiners at seaboard pointe or
should place sugar In the hands Of
the consumer at from 0H to Q
esnts per pound, depending upon
issailty and conditions Of trade. or
a from I to z cents below the
prices o. Aueust last and from one
half 70 a cent per pound cheaper
than today.