The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1920-08-06

and committee strongly urged this
and did all they could to induce the
president to again purchase the Gu
ban crop. The recommendation was
not followed and the Cuban crop was
not purchased. At that time it could
have been purchased at " cents a
pound for raw sugar.
About rs per cent of the sugar
Consumed III the United states is
cane sugar largely produced and OBJ
tanned from Cuba, Hawaii and Porto
Rico. The Utah-ldaho Sugar COM
pany produces approximately IL
per cent OF the sugar consumed in
the United States. Since the war,
the production of sugar in Cuba fix
ed and controlled the general mar
ket price of sugar in this country.
THE Cuban cane sugar not hav-
ing been purchased by our govern
ment, the Cuban producers steadily
advanced the price of the 1920 crop
of raw. sugar until it reached %
cents, the highest mark, which with
the cost of transportation, duty and
refining, of necessity made 25-cent
to 30-cent sugar to the consumer. 1t
is common knowledge that the gen
eral market price of sugar is fixed
at New York, New Orleans and San
Francisco, based entirely upon the
worlds demand and supply of sug-
ar. No one cognizant of the facts
disputes this or asserts the contra
ry. And it also is common knowl-
edge that last winter and spring
and even up to the present time,
sugar generally over the country has
been selling at the general market
price of from 25 to 80 cents per
pound.
d mo one has charged nor can the
charge be successfully made that the
Utah-Idaho Sugar company in any
manner had anything to do with fix
ing, influencing or controlling the
general market price of sugar. Pro-
ducing less than u per cent of the
sugar consumed in the United States,
this company could no more fix or
influence the general market price
of sugar than could the production
of wool in Utah fix or influence the
general market price of wool.
This company last year produced
One Million Three Hundred
and Thirty-nine Thousand bags
of sugar. Of that amount it
sold last fall, last winter and last
spring, up to- about May l, 1920,
something like One Million bags at
an average price of Eleven Dollars
and Fifty-three Cents per bag, not
withstanding the general market
price of sugar was greatly in excess
of that price. Other sugar produc-
ers in Utah and Idaho sold substan-
TALLY all their sugar last fall and
winter on the eastern market, and
at the general market price. The
cane producer of the south, when his
sugar came on the market sold and
was permitted to sell it from Seven
teen Dollars to Eighteen Dollars per
1OO-pound bag.
Heretofore, only about 100000 |
bags of the Utah-Idaho Sugar COM
pany were required to supply the To-
cal market in Utah, Idaho and con-
tiguous territory. The rest of it's
sugar was required to be sold and |
was heretofore sold on the eastern
market. This last fiscal year, how
ever, the Utah-Idaho Sugar company
sold and distributed in this local ter
ritory over 100000 bags, the aver
age net selling price obtained to
March /, 1920, being Ten Dollars
md Eighty-seven Cents per bag. Of
hat amount, evidently about $780,
700 bags were picked up by specu-
ators at the low price and sold in
he eastern markets at a profit of
rom Two Dollars to Ten Dollars
gag. On May 1, 1920, the Utah-Ida-
10 Sugar company had on hand only
limited amount of sugar.
THE local jobbers, who under
tand market conditions better than
nyone, and seeing that the sugar of
his company was thus being picked
p by spectators at the low
rice and shipped and sold
lsewhere at the market price,
nd realizing that sugar manufacture
RS and refiners elsewhere would
OF ship and sell sugar in the cheap
r market but would continue to ship
nd sell it elsewhere at. the higher
larket and perceiving that with {
UGH coalitions the local territory I
Tould soon be without sugar and l
he jobbers without supply for I
heir customers, petitioned this COM l
any that it itself go to the general l
larket price, and by so doing the I
hipping of sugar from the local mar t
ct would be avoided, or else other I
manufacturers and refiners of sugar |
e induced to ship and sell sugar S
this market and thereby the req .
isite amount of sugar for local con-
lmption would be preserved and | G
applied. 1t Is evident that had this s
ompany last fall and winter sold a
s sugar on the eastern market as b
id other sugar companies of Utah p