Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1918-01-30

made of the costs and profits of refin-
ing and Ii was finally determined that
the spread between the cost of raw
and the sale of refined cane sugar
should be limited to S1.30 per hundred
pounds. The pre-war differential had
averaged about IS cents and increased
costs were found TO have been impos-
ed by the war In increased cost of re-
fniGg, losses, cost of bags labor, insur-
ance, interest and other things. rather
mora than cover the difference. After
prolonged negotiations the reiiners
were placed under agreement estab-
fishing these limits on October |, and
anything over this amount TO be agreed
extortionate under the law.
ain the course G. these inveStiga
lions it was 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 (. 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 refneries. &C
cording to our investigation, was about
$50 per hundred, or a differential of
S1S4
I'm reducing the differential to $50
there was saving to the public of ~
cents per hundred. Had such diff
ferential been in use from the LIST or
January, 1917. the public would have
saved in the first nine months of the
year about S24 So0000,"
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
L. A committee comprising repre-
| sentatives 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
1 their various capacities and see that
absolute justice is done to every re-
j finer
. A committee comprising three rep
resentatives of the English, French
I and Italian governments; two repre-
sentatives of the American refiners,
: with member of the food administra-
1 ton. 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
/ the most economical sources from IA
. ali 81. 81
lies to arrange transport at uniform
rates, to distribute the foreign sugar
between the United States and allies
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 final
/ voice. This voice has rested in the
/ governments concerned, together with
the Cuban government, and | wish TO
state emphatically that all of the gen
tlemen concerned as good commercial
men have endeavored with the utmost
patience and skill to secure IA lower
price, and their persistence has re-
duced Cuban demands by Is cents per
hundred. The price agreed upon is
about $4.G0 per hundred pounds, T. o. b.
Cuba, or equal to about SO 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 sH to 9
cents per pound, depending upon
locality and comet tons Of trade, or
at from 1 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 $25,000,O00 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.
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 end it averages 1899, while many
producers are at a higher level. w
found that an average profit OF at
least cent per pound was necessary
! IN order to maintain and stimulate
production or that a minimum price Of
$4.3T was necessary, and even this
! would stifle some producers.
The price ultimately agreed was -
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 i'm refiners profits. II we wish to
stifie production in Cuba we could
, take that course just at the time Of MI
times in our history when we want
production for ourselves and the all
lies. Further than that, the state de-
partment viii assure you that sac.
course wovlo produce disturbances Ia
Cuba and destroy even cur prrerrr
supplies. but beyond all these material
reasons Is one Of human Justice This
great country has no right by the
might Of It's position to strange Cuba.