Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-07-28
SUGAR PRICE RISE
IS HELD REMOTE
Foreign Output and U. S.
Beet Crop Counterbalance
the Cuban Restriction.

ial Dispatch to The Star.


NEW YORK July 2S.-Sugar con-
sumption is approaching its peak for
the year. While the production of
fruit so far this year has not been
great enough to neCeSSitate the use of
large quantities of sugar for preserv-
ing, prices have been such as to en-
courage both canneries and domestic
preservers. In consequence, consump-
ton bids fair to compare favorably
with that of 1926.
The price of sugar has been largely
affected by the world sugar situation.
The Cuban crop was restricted so
closely under the presidential decree
that total output, according to the
final figures, was only 450S,211 tons.
The production limit was fixed at
100000.
Beet Output to Gain.
Foreign beet sugar production. how
ever, seems likely TO show an in
crease of Is to 20 per cent as COM
pared with last year. The beet crop
in the West is progressing Splendidly,
and there is less fear of insect in
festation, which did so much to make
: the last season Improbable in some
parts OF the intermountain region
These two facts. taken in conjunction
with the fine output of the Hawallan
nlantationS. have Sufliced to counter
balance to some extent the efforts of
the Cuban growers to boost prices.
The Cuban fields have suffered from
lack of moisture, but recent rams nave
done something to correct this. Grind
ing of the crop now growing Will not
; be permitted until January i, 1873,
but if conditions are such later in the
4 Gl<nlV
low for Cuban raws, President Macha-
/ do has promised to order another re-
striction of output.
Want Tariff Reduction.
/ Sugar consumption in the United
States for the first half of this year,
according to preliminary figures,
amounted to S,095,000 long tons. Ger
I tainly as much, or more, win be con-
/ sumed in the last half year, or total
of more than 6190, 900 tons. 1t can
/ he seen from this what restriction Of
the Cuban crop may mean for prices
| in the United States. Yet Cuban
planters have not given up the idea
of securing reduction in the tariff
on Cuban sugar.
+ The Louisiana crop this year prom
tses to be almost double the 1926 out
put, despite the floods. The Depart
ment of Agriculture estimates it at
1851 long tons.
Il Perhaps the new methods of dis
tribution of the Hawaiian and Cali
! fornian sugars have done as much as
anything this year to stabilize prices
! in various parts of the country. Here
/ tofore Cuba has been dominant fac
/ tor in the markets of the East, South
| and North Central States.
Now thousands of tons of refined
sugar are coming from San Francisco
to New Orleans by way OF Panama,
and being carried up the Mississippi
River as far North as st. Paul and
Minneapolis, entering markets within
economical rail distance of the river
en- route.
Provide Competition.
j These shipments provide competi-
,fion, not only for the Cuban sugars,
but for the Louisiana output in its
own chosen territory and with the
beet sugar factories in their home
markets in the Central West and
Northwest The river barges carry
approximately 500 tons each, and
three usually are linked in EACH chip
lment.
European consumption, It Is believed
here, will not be much greater than in
1926, while the revolutionary move
nlents in China may cause a sharp
drop in demand from China. The con-
ffectioners in this country. however,