Clearwater Republican. [volume] (Orofino, Idaho) 1912-1922, 1918-02-22

made Of the costs and profits OF re In
ng and 1t was finally determined hat
he spread between the cost Of raw
md the sale OF refined cane sugar
should be limited to $1.3O per hundr
pounds. The pre-war differential had
averaged about IS cents and Increased
costs were found to have been in.os-
ed by the war in increased cost OF re-
ing, losses, cost of bags, labor, insur-
ance interest and other things, rather
more than cover the difference. After
prolonged negotiations the refners
were placed under agreement estab-
fishing these limits on October l, and
over this amount to be agreed
under the law.
"In the course Of these investiga-
lions 1t 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 (. q. b. Cuba, to
which duty and freight added to the
refiners cost amount to about 1886
per hundred. The average sale price
of graduated by various refineries, ac-
cording to our investigation, was about
$40 per hundred. or differential OF
1854
"In reducing the differential to f1.3O
there was a saving to the public Of "a
cents per hundred. Had such DIFF
ferential been In use from the LIST OF
January, 1877. the public would have
saved in the first nine months OF the
year about $500 900"
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
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.
2. committee comprising three rep
resentatives Of the English, French
and Italian governments; two repre-
sentatives 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 q
transport point of view Of all the all
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.
uemen concerned as good commercial
men have endeavored with the utmost
patience and skill to secure q lower
| price, and their persistence has re-
| duced Cuban demands by Is cents per
| hundred The price agreed upon is
about "a. go per hundred pounds, I. 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 points or
should place sugar in the hands OF
the consumer at from 8Ea to 9
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 o
speculation, extortiOnate profits, an
in the refining alone the American
people will save over S25,O0O.0OO 0
the refining charges last year. par
of these savings goes to the Cubar
Hawaiian, Porto Rican and Lonsiania
producer and part to the consumer.
Appeals to prejudice against tn
food administration have been mad
because the Cuban price is "a cent
above that of 1917. Ii Is said in effes
that the Cubans are at our mercy
that We could get sugar cent lowe
We made exhaustive study OF the cos
of producing sugar in Cuba last yea
through our own agents In Cuba, an
we find II averages $3.50, while man
producers are at a higher level. w
found that an average profit OF
! least cent per pound was necessar
in order to maintain and stimula,
: production or that minimum price {
S437 was necessary, and even tn
r would stifle some producers.
: "The price ultimately agreed was
' cents above these figures. or about on