The Washington times., 1922-07-23
PROF|TEERS|N
SUGAR FORCE
PRICE HIGHER
Price Has Risen From S Gents
to 6 and 7 cents-End
Not>i In Sight.
CUBAN IMPORTS ARE HIGH
Reports Have Been Circulated
That Beet Sugar Crop in
Europe Is In Bad Way.
By STUART GOODWIN,
Cosmopolitan News Service.


The American public is being
made to pay millions of dollars
FOR sugar on the theory that the
world crop of sugar is short and
that much of the refined Amer
lean sugar must be sent abroad.
The price of sugar has risen
steadily from less than 8 cents
per pound wholesale early in the
year to a point at present rang
ing between 6 and 7 cents, with
the end not yet in sight.
While all Of this has been
going on, great quantities Of
Cuban sugar have come into the
country and are being held here
In stock, with the price of Cuban
sugar being more or less steadily
depressed and held at a low
level.
Cuban sugar brought into the
United States up until July 5
amounted to 1,985,095 tons.
This figure Is derived from Off
cial reports for all but the very
last portion Of the period, and
that Is estimated by an agency
accepted by the Department of
Commerce as accurate.
Held in Refineries.
For the corresponding period a
year ago, imports into the United
States OF Cuban sugar amounted to
1,084,390 tons. OF this increase in
imports amounting to nearly a hun
dred per cent, the great bulk is held
in the refineries-not put on the
American market.
On the other hand. because of the
concerted rush to export American
sugar on one pretext and another,
the stocks Of this sugar in refin-
cries are more than 100000 tons
short Of what they were a year ago.
Reports have been circulated that
the beet sugar crop Of Europe is In
a bad way, there this has been a bad
season, and that an acute need for
sugar exists which must be met by
exporting American sugar, while the
cheaper Cuban sugar lies idle in
stock. Thus the price of sugar for
home consumption goes galloping
gaily upward and upward.
Paris Paper Explains.
Set against the intimations and
figures designed to show that great
Quantities of good American sugar
must be sent abroad. thus creating
q lessening of the amount and in
advance in the price of sugar here,
the journal de lubricants" pub
lished in Paris. is authority for
atatements ha aed IN a ooronrahan
sive survey Of the beet sugar stu
alton in Europe, which directly CON
tradicts the impression allowed to
circulate here.
This publication says that italian
sugar sowings are nearly 10 per
cent greater than a year ago, that
the expected big crop in Czecho-
Sloyakia has been saved by heavy
rains, that Germany reports the
crop there to be excellent, that re-
ports from Belgium are excellent
also, and that the French crop is in
fine condition.
. Despite the fact that nearly twice
as much Cuban sugar has been
brought in up until this time as was
brought in during the corresponding
period a year ago-and this increase
in imports Is largely held in stock.
as has been pointed out-American
exports up until July reached the
total of no less than 100000 tons.
f For the same period last year
exports amounted to 10000 tons
just 28 per cent Of this years great
outpouring Of American sugar for
the foreign market.
Official agencies here have not
complete world production estimates
for ~, oar bnt reliahle ran0rts aC.