The Raymer enterprise., 1918-02-07


$424 per hundred I. o. b. Cuba. to
which duty and freight added to the
refners' cost amount to about $566
per hundred. The average sale price
of granulated by various refneries, ac-
corllng to our investigation. was about
$50 per hundred, or differential OF
s1S4
'Tn reducing the difYerential to $50
there was a saving to the public Of "a
cents per hundred. Had such DIFF
| fereniial been In use from the lst OF
January. 1917. the public would have
saved In the first nine months OF the
year about s24s0o.000."
Next Year.
With view to more efficient organ
Ization Of the trade 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 to
divide the sugar imports pro rata to
their various capacities and see that
absolute justice is done to every re-
dner.
2. A committee comprising three rep
ressntatives Of the English. French
and Italian governments; two repre-
sentauvss Of the American renners.
with a member Of the food administra-
ton. Only two Of The committee have
arrived from Europe. but they repre-
sent the allied governments. The du-
ass Of this committee are to detsrmins
the most economical sources from .
transport point Of view Of al tie a.
lies to arrange transport at uniform
rates, to distribute the foreign sugar
between the United States and alliss.
subject to the approval Of the Ameri-
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 anal
voice. This voice has rested In the
governments concerned, together with
the Cuban government, and ! wish to
state emphatically that all Of the gsa-
tlemen concerned as good commercial
men have endeavored with the utmost
patience and skill to secure Z lower
price. and their persistence has re-
duced Cuban demands BY Is cents per
hundred The price agreed upon ID
about $4.6o per hundred pounds, (. .. b.
Cuba, or equal to about SO duty paid
New York.
"This price should eventuate,"
Mr.. Hoover said, ITO about $7.So
per hundred for refined sugar from
the refiners at seaboard points or
should place sugar in the hands Of
the consumer at from SH to .
cents per pound, depending upon
locality and conditions Of trade, or
at from I to 2 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. extortionate 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 Lousianian
producer and part to the consumer. q.
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 own agents In Cuba, and
we find it averages $3.50, while many
producers are at higher level. We
found that an average profit Of at
least a cent per pound was necessary
IN order to maintain and stimulate
production or that minimum price OF
S4.3T was necessary. and even this
would stifie some producers.
"The price ultimately agreed was 23
cents above these figures, or about one
fifth Of cent per pound to the Ameri-
can consumer, and more than this
amount has been saved by our reduc-
ton 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 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 "a cent increase
In Cuban price. Mr.. Rolph did not fix
the price. 1t does raise the price to
the Hawaiian farmer about that
amount. It does not raise the prd6t Of
the California refinery, because their
charge for refining is. like all other re-
finers. limited to $l.30 per hundred