The Washington herald., 1921-06-13
OF
SUGAR IN us. SETS
new HIGH RECORD
Quantity in Ten Months
Exceeds That of Any
Preceding Year.
HOME YIELD LARGE
Expectation Of Product About
One-Half Of Correspond
ing Period Last Year.


States will make a new high record
in the fiscal year ending with this
month. The quantity imported from
foreign countries. says a statement
by the National City bank. Of New
York, was greater in the 10 months
for which figures are now available
than in the corresponding period of
any preceding year. The domestic
production OF the year was bigger
than ever before and the exporta-
tion only about one-half that of the
corresponding 10 months of the pre-
ceding year. These official figures
of the months imports and exports.
plus the domestic production for
which a record is already esta5-
lished. adds the banks statement.
give a net total available for con-
sumption so much in excess OF any
earlier year that we may not be
surprised IL the official figures
showing the average per capita
consumption in the hscal year 1921
run up nearly to 100 pounds per
capita, against s1h pounds per
capita in the fiscal year 1920, the
former high record year; 50 pounds
in 1919. and 50 pounds per capita in
the high record pre-war year 1914.
Reasons for Increase.
This increase in sugar available
for consumption in 1921. as against
the already established record OF
slh pounds per capita for the fiscal
year 1920 is not due to material in
creases in imports from foreign
countries or our islands but to in
creased domestic production and a
big fall of in the exports. While
the records of imports from foreign
countries do show an increase of
%. .00o. 900 pounds in the 10 months
ending with April. 1921. as COM
pared with the corresponding 10
months in the fiscal year 1920. the
former high record year. the i'm
ports from our islands in the same
period show a slight reduction. sug-
gesting that the total quantity of
sugar brought into continental
United States in the fiscal year 1921
will not differ materially from that
OF the fiscal year 1920. but the fact
that the domestic production in the
past year exceeded that of any
earlier year by about half billion
pounds and hat the exports in the
current fiscal year are only about
one-half those Of 1890. makes II
apparent that the quantity available
for consumption in the fiscal year
1921 will materially exceed that of
any preceding year.
Highest Prices Prevail.
One especially striking feature of
this prospective new high record in
sugar consumption lies in the fact
that it has been made in the face
Of and in spite of the highest
prices for sugar known in the ex-
perience OF the present generation.
Average import prices Of raw sugar
brought from foreign countries
ranged from S.3 cents per pound in
March, 1920, to 16.1 cents in June.
then slowly declined to Is cents per
pound in September. 1l.3 cents in
November, 9.S cents in December,
6.1 cents in January, 1921, and 4.s
cents in March and April, though
the average import Irice of the raw
sugar imported from foreign coun-
tries in the 10 months ending with
April, 1921. was 10.4 cents per
pound. against 81 cents in the full
fiscal year 1920, Sc cents in 1919,
and exactly 2 cents per pound in the
fiscal year 1914, all of which year
preceded the war. Thus the import
price of the raw sugar imported
from foreign countries in the 10
months ending with April, 1921, av-
eraged just five times as much per
pound as in the fiscal year 1914,
while the per capita consumption
for 1921 will, despite this quintup-
hing of price, be materially greater
than. when sugar was being i'm
ported at cents per pound as
against 1o.4 cents in the 10 months
Of the current fiscal year for which
hgures are now available.
Exports Of Refned Sugar.
The exports of refined sugar in
the fiscal year 1921 show a big fall
on and will amount TO but about
one-fourth as much as in 1920, the
total exports of refined sugar in the
ten months ending with April, 1921,
having been but 31l.127,455 pounds
against 1.235,csS,oo4 in the same
months of last year, though the re-
expectation of foreign sugar in
the form imported enormously in
creased, showing for the nine
months ending with March, 1891, for
which figures are now available.
160.s43.s07 pounds against 1,764.eS4
in the same months of 1890. Thus
this increase in the quantity of
sugar re-exported. when taken in
conjunction with the tremendous
fall of in the exports of refined
sugar, makes it apparent that the