White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1918-02-10

fHUhefS cost uuluNAl u A1aht 4'+NN
per hundred. The average sale price
Of %erannlated by various refnerles. ae-
cordlng to our Investigation, was about
$50 per hundred. or d~ifferential OF
S1.s4.
IN reducing the diiferential TO $50
there vas a saving 20 the public Of d
cents per hundred. Had such a DIFF
ferential been In use from the LIST OF
January. 1917. the public would have
saved Ia tie first nine months Of the
year about s24,s0O, 900"
Next Year.
with a view to more efficient organ
ization OF the trade in imported sugars
next year two committees hive been
formed by the food administration
I. 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 10 done 10 every r-
hner.
2. A committee comprising three rep
resentatiyes of the English, french
and Italian governments two repre-
sentatlves of the American refiners,
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-
ties of this committee are to determine
the most economical sources from a
transport point Of view OF all the al
lies TO arrange transport at uniform
rates, to distribute the foreign
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 & has not had the nnal
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 endeayored with the utmost
patience and skin 10 secur a lower
price. and their persistence has re-
duced Cuban demands by ID cents per
hundred. The price agreed upon Is
about S4.6o per hundred pounds, I. o. b.
Cuba, or equal to about 50 duty paid
New York.
"This price should e~Sentuate,"
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 81 &c 9
cents per pound, depending upon
locality and conditions of trade, or
at from to 2 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 So. 100000 Of
the refining charges last year. A part
OF these savings goes 10 the Cuban,
Hawaiian, Porto Rlcan aud L|ousianian
producer aud 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. II 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 1899; while many
producers are at a higher level. We
found that an average profit Of at
least a cent per pound vas 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 D
cents above these figures, or about one
fifth of a cent per pound to the Aineri-
can consumer, and more than this
amount has been saved by our reduc-
ton IN refners' profits. II we wish to
stide 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 ssure you that such a
ours would produce disturbances In
Cuba and destroy even our present
supplies, but beyond all these material
reasons Is one Of human Justice. This