The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1918-01-25

Cuban producers that their sugar hdu,
during The first nine months of the
past year, sold for an average Of about
S4.24 per hundred f. o. b. Cuba, TO
which duty and freight added to the
refiners' cost amount to about $500
per hundred The average sale price
Of granulated by various reflneries, ac-
cording TO our investigation, was about
81. 80 per- hundred, or a differential Of
S1.s4.
"In reducing the differential to S1.S0
there was a saving 70 the public Of d34
cents per hundred Had such diff
ferential been in use from the 1st OF
January, 1917. the public would have
saved in the first nine months Of the
year about s24 100000"
Next Year.
With a view to more efficient organ
ization of the trade In imported sugars
next year TWO committees have been
formed by the food administration
1. A committee comprising repre-
sentatiyes 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.
,. A committee comprising three rep
resentatiyes of the English, French
and Italian governments TWO repre-
sentatives of the American refiners,
with member of the food admnistra-
tion Only two Of the committee have
arrived from Europe. but they repre-
sent the allied governments The du-
ties Of this committee are TO determine
lhe most economical sources from Il
transport point of view Of all the al
lies TO arrange transport al uniform
rates. to distribute the foreign sugar
between the United States and allies
subject to the approval Of lhe Anert-
can. English, French and Italian gov
ernments
This committee. while holding strong
views as TO the price to be paid for
Cuban sugar, has not had the final
voice This voice has rested ia the
governments concerned, together with
the Cuban government, and | wish to
state emphatically that all OF the gem
tlemen concerned as good commercial
men haye endeavored with the utmost
patience and skill to secure d lower
price. and their persistence has re-
duced Cuban demands by l5 cents per
hundred The price agreed upon is
about S4G0 per hundred pounds, { o b..
cuba, OF 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 points or
should place sugar IN the hands of
the consumer at from 8Ha to 8
cents per pound, depending upon
locality and conditions of trade, or
at from to cents below the
prices of August last and from one
half to a cent per pound cheaper
than today.
There is now an elimination OF
speculation extortionate profits, and
in the refining alone the American
people will save over $25 100000 Of
the refining charges last year. = part
OF these savings goes to the Cuban,
Hawaiian, Porto Rican and Lousianian
producer and part to the consumer.
Appeals to prejudice against the
food administration have been made
because the Cuban price is 81 cents
above that Of 1917. 1t is said in effect
that the Cubans are at our mercy !;
that we could get sugar a cent lower
We made exhaustive study of the cost
OF producing sugar in Cuba last year
through our own agents in Cuba, and
we find 1t averages $3.50, while many
producers are at a higher level We
found that an average profit of at
least a cent per pound was necessary
III order to maintain and stimulate
production or that minimum price of
$4.37 was necessary, and even this
would stifie some producers.
THE price ultimately agreed was %
cents above these figures, or about one
fifth of a cent per pound to the Ameri-
can consumer, and more than this
, amount has been saved by our reduc-
ton in refners' profits. If we wish to
sti1e 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 viii assure you that such a
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 81 cent increase
in Cuban price Mr.. Rolph did not fix
the price. 1t does raise the price to
the Hawaiian farmer about that
amount. # does not raise the profit of
the California refinery, because their
charge for refining is, like all other re-
finers, limited to $130 per hundred
pounds plus the freight differential on
the established custom of the trade.
mir. Rolph has not one penny OF In
terest in that refinery"
Krupps Enlarge Plant.