Evening star., 1923-01-02
SUGAR PRODUCERS
EXPECT FINE YEAR
Good Profits Anticipated,
With Even Prices Be-
lieved Assured.
BY J. C. RoYLE.

SPeclai dispatch to The Star
NEW YORK, January 2.-Orderly
marketing of the sugar crop will be
the main factor of sugar distribution
ms year. according to sugar men OF
the south and west today. Those in
close touch with the situation ex-
press decided satisfaction over the
OUTLOOK which, they say, promises
eHceiient profits without a runaway
market.
manutacturers in nearly every section
fciene,, sugar Is produced are suf-
produets for advantageous prices.
MorId demand undoubtedly is in
Creaslng, according to recent adyices
mS 1rOm france, Germany and England
sms,, @ German th beet sugar crop was
uuction was even more unsatfsfa ctory
ana recent developments in the ex-
port situation indicate that Germany
ine hna France France have not lost their buy
OF their financial dificulties.
The Cuban carry-over has been
completely eliminated as market
factor. The Cuban crop is an excel
lent ant one, but sugar men here arc
I nrn In the belief that the Cuban
ptanIers VIII not sacrifice their crop
AZ low prices this year, but are in
sufficiently good financial situation to
hoio II Tor opportune marketing.
Planters Take PROFITS.
me Louisiana planters, according
! ~ oispatches from New Orleans to-
oay. already have taken their prof,
On og Ineir crop. Many sold at the top
oI the market and some spread their
S SaIes over considerable periods by
olsposingsof future options. shipping
as the periods for future delivery roll
around. h Those cane planters wha
have ha,, not yet disposed of their crop
we we secured ample funds from the
war FINANCE Corporation to allow
i ter. oS
! The sugar beet growers and facto-
In an equally advantageous nosition,
Inelr crop was a satisfactory one in
| many respects and sugar prices have
! MADE remarkable recovery in the
iast year. They also are in a position
70 market advantageously. AS they
90 SO, farmers who have operated on
| a sliding scale with the factories, as
many have done, will gradually re
ceive additional sums to those paid
them per ton for the beets at the time
Oh oeilvery to the factories
Lower Prices Possible.
Prices, it is believed, may be slight
~ lower during the first part of 1923
ing on in Cuba and more sugar is be-
ing produced than consumed which
always has a. depressing tendency.
AFTER that time, however, the price
trend appears pointing Enthusiastically
upward. Sugar refiners have broken
All records in the volume of MEETINGS
this year by several hundred thou
sand tons.
The situation of the Michigan beet
growers and refnerS is not so satis-
factory as that of the intermountajn
! west, since the Michigan crop fell
on sharply and the cost of produc-
tion was high.
OIL Dealers See Prosperity.
Holders of crude oil are counting
on heavy profits in 1928 The demand
i Tor gasoline gives every Indication
or attaining record proportions and
price advances have followed one an
other quickly in various fields in the
| last ten days. The latest advance in
pennsylvania crude is counted on TO
stimulate field operations and new
drilling. Premiums of 10 to 80 cents
a barrel were paid before the 25 per
cent advance and independent refn-
ers are expected to continue these
premiums.
Reports from Pittsburgh indicate
| today that there is no evidence OF
! speculative buying in the steel mar
Ket, purchases being made for actual
| use. Additional mills are resumins
| operations daily. Lead. copper and
zinc production continue to improve
steadily with prospects for remark
| able demand for those metals in CON
| nection with the $4,000, ,0O0,000 build
| ing program scheduled for 1928