The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1923-06-26

Washrigton.-Twice within tire
wears the American public has been as
founded at perpendicular rises in su
oar prices that have seemed to hav'
no warrant BY reason OF economi'
conditions. As the domestic produc'
ers have harvested and marketed then
sugar crops they cannot be held II
anv wa, 20 account for the spectacular
performance by which sugar has re
Gently advanced over $500 per 100 lbs
That there has been something rotten
in Denmark was proved by the hast,
in which the tariff was charged with
the increased price of sugar. This
aimsy excuse was hastily disposed OF
when IL was pointed out that the in
creased tariff duty amounted to six
teen l00ths OF one cent a pound-cer-
tainIy too far removed from the in
creased figures to be charged as even
accessory to the crime against the
American public. Then came another
form Of camoufage when the Ameri-
can sugar re6ncrs claimed that there
was a short crop in Cuba, which they
placed at 100000 long tons. The
facts are that the crop runs fully 4
million tons. And this estimate is
supported by Willett & Gray. who
are recognized as the most reliable
sugar crop statisticians in the
try. In the world crop their figures
show an increase Of 513.lS2 tons over
last years crop.
Producers Not to Blame
The last word in sugar beet statis-
tics in Washington is Truman G.
the press regarding the genuine sugar
situation he points out clearly and
convincingly that the sugar beet in
t~erests. the Louisiana cant and insu-
lar producers cannot be held in any
manner responsible for the present
condition OF affairs. "Nor does it ap-
pear that the present high price of SUI
gar bears any relation to the cost of
production" says Mr.. Palmer, who
explains: AT the time the sensational
perpendicular rise began, Cuban ST.
gar was selling at prices more than
one-third higher than the average
price Cuba had received for her SUI
gar for Ter years prior to the war,
and hence it is to be assumed that her
producers already were making a
handsome profit He points out that
the Cuban sugar rise that the ex-
profits made by the sugar profit
GERS on three cents a pound has
amounted to Sl26.000,000. Sugar in
Cuban port warehouses will give an
additional profit at the three cent rise
Of $4,000, 900. Manufacture of sugar
At Cuban plantations and in transit is
good for another profit of S32.000O01.
Another 24S.0O0 tons of sugar that
will be produced before grinding has
ceased will increase the profits $751;
Altogether, says Mr.. Pal
nef, "the three cent rise will cost the
american people the enormous sum
# S222,00O,000 and will have added
ike sum to the net profits of pro-
of sugar in Cuba"
The manipulation of the Cuban SUI
ar market has been rather mythical
0 most Americans, but the Truman
Palmer statement upon Cuban SUI
ar prohteering relates the interesting
let that for 20 years american sea-
GARD refining and other interests have
adually been acquiring Cuban cane
md and sugar mills and erecting new
nils until today they admit that two
of the crop is now produced by
m%ericans. They admit that the
merican investment in Cuba exceeds
lie billion dollars and hat they own
I million acres of cane capable IF
oducing IL million IONS of sugar an
tally when all of it shall have been
The sugar trust now pro-
ICING 10000 tons Of raw sugar in
iba, W no less than $1,000 acres of
gin tropical cane land. 1t will be
that the bulk of the profit aris-
from the present sugar gouge is
ding its way to the plethoric peck
OF our seaboard rehners who would
t dare to unduly increase the margin
tween raw and refined for fear of
r antitrust and trade regulatory
vs.. But owning sugar estates in
5a they car without fear raise the
&C of raw at will, making their in
Innate profits out of production in
ba instead of refining in America