The evening world. [volume] (New York, N.Y.) 1887-1931, 1921-02-26
GOUGE or MLLIO.A
y IN SUGAR PLAN Or
CUBAN COMNIS2, IN
(continued From FIRST PageJ

given the power 70 name the price
at which Cuban sugar may be sold
in this country. but not a pound OF
sugar may leave Cuba without their
sanction and neither may a pound OF
Cuban sugar be bought in the New
York market without their o. X.
It was announced by President
Menocal Of Cuba that the commission
would not be formed unless IS per,
cent of the Cuban sugar planters
agreed. Gable advices to New Yorl
state that the Government failed T.
secure the assent OF IS per centIE
the planters. Neither was the authori-
Eation OF the Cuban Congress OBJ
tanned.
Yet independent planters Of
Cuba are bound by the decree
and are unable to ship sugar from
Cuba except with the sanction Of
the commission.
The decree states that "the COM
mission may appoint delegates at the
different shipping ports and no
steamer transporting sugar may be
despatched unless its cargo Is au-
thorized by a certificate or other
similar document issued by the COM
mission. The Secretary OF the
Treasury and the Custom House Ad.
illustrators shall be responsible fot
what is herein set forth"
All Cuban sugar is consigned to
the New York sub committee. The
New York committee allots the sugar
to manufacturers and reflners, and
fixes the price at which It is obtain
able. Against recent price of 81
cents a pound the New York com
mittee yesterday named a price OF
Az cents for 100000 tons Just re-
ceived for allotment This advance
over the recent low price Of itself
represents an increased cost Of $1l5,-
900, 900 to consumers.
The effect Of the decree has
been to stifte all competition in
the sugar market. The New
York Sugar Exchange has prae-
tioaliy ceased to function. An
open market has been completely e.
destroyed. Not only Is an indie
pendent refiner or broker unable
to secure sugar from Cuba eN-
cept with the sanction of the
commission, but before a New
York broker is able to secure
sugar from the New York COM
mission he must secure from the
commission the Endorsement Of
the man he proposes to sell his
sugar to.
II Is agreed by competent experts
OF the sugar situation that with con-
troll of sugar so completely lodged.
with big Cuban planters and New
York banks, who are heavily in
volved through loans advanced on
high priced sugar that prices are
bound to soar. The rise from 81 TO
AZ cents is considered the first step
in the marking up process. 1t is con
sidered a live probability that the
refined product now quoted at 7.75
cents pound will go TO around ~
cents n pound wholesale unless,
means are found TO take away the
powers Of the Cuban Committee and
the New York Committee. Every
cent advance in the price OF sugar
means an additional tax Of 10000
900 on the public.
AS matters now stand, the only
relief possible must come through in
PREVENTION by the State Department
OF this Government Independent
sugar dealers and brokers who were
not involved in the huge losses
caused by the break in the sugar.
market and who therefore, are not
in sympathy with the arbitrary meth
DDS of controlling the sugar market
for the benefit of those sugar inter
ests and banks who were caught In
the collapse of the sugar bubble, are
making strong representations to
Washington, They are questioning
the right Of this Government practi-
cally becoming q party, even ind
rectly, to the fixing of prices.