Crittenden record-press. [volume] (Marion, Ky.) 1909-191?, 1918-02-28
Hoover said. ian exnmr


ing and it was finally deter n,' .'
the spread between the cos, IT ruN
and the sale OF refined cane Nd-1t
should be limited 20 $50 per hundred
pounds The prc-Var Gl1crcuu" hhd
averaged about 81 cents and m.r'"s'd
costs we're found to have been imN"S.
ell by the war In increased y.s' '' re-
ruiug. losses. cost OF bags .a.,r. i0N'r'
auce. interest and other 'iuss rather
more than cover the difference N,er
prolonged negotiations the rctnors
were placed under agreement eStah-
fishing these limits on October |, ana
ANYTHING over this amount TO be agreed
extortionnte under the law.
in the course Of these investlGa-
lions II was found by canvass Of the
Cuban producers thar their sugar had,
during the first nine months of the
past year. sold for an average OF about
S424 per hundred (. O. b. Cuba, to
which duty and freight added 10 the
refners' cost amount to about SoG6
per hundred. The average sale price
Of granulated by various re6nerles, ac-
cordInc to our investigation, was about
$50 per hundred, or a differental OF
S1I
I'm reducing the diNerential to Sl"o
there was saving to the public OF ~
cents per hundred. Had such a DIT
ferental 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 10 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-
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
resentatives OF the English, French
and Italian governments two repre-
sentatiyes OF the American retiners
with 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 10 determine
| the most economical sources from a
transport point OF view Of all the al
lies 10 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 l wish "a
state emphatically that all OF the gen
tlemen concerned as good commercial
men have endeavored with the utmost
patience and skill TO secure lower
price, and their persistence has re-
duced Cuban demands by Is cents pei
hundred. The price agreed upon II
about si.6O per hundred pounds, I. o. b
Cuba, or equal to about 50 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 81 TO 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 ono.
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 S2j,0OOOO0 OF
the refining charges last year. part
Of these savings goes TO the Cuban
Hawaiian, Porto Rican and Lousanlan
producer and part to the consumer.
Appeals 10 prejudice against the
food administration have been made
because the Cuban price Ia "a cent?
above that OF 1917. 1t is said In eiYec,
that the Cubans are at our mercy
that we could get sugar a cent lower
We made exhaustive study Of the cosi
Of producing sugar In Cuba last year
through our own agents In Cuba, ant
we find II averages $3.50. while many
producers are at q higher level W.
found that an average profit Of q,
least a cent per pound was necessary
In order to maintain and stimulate
production or thA q minimum price o,
NT was necessary, and even THU
would stins some producers.
The price ultimately agreed vas n
cents above these Agurss, OF about oos
nth Of cent per pound 10 the Amers
can consumer. and more than THU
amount has been saved BY sus rsdue
ton In reansrs' pronta II vs wish d
stins production 10 Cuba ~ eoslt
take that eosrss Just at the time q oil
times In our history when We van,
production for ourselves and the a.
lies. Further than that the state d
partnent will assure you that such Z
coarss would produce disturbances n