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The Hawaiian gazette. (Honolulu [Oahu, Hawaii]) 1865-1918, August 09, 1918, Image 2

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Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83025121/1918-08-09/ed-1/seq-2/

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FRIDAY, At'Ctfcf 1918.'' HAWAIIAN GAZETTE.-EM'nVEEKLY
7 V ; r i-l i
i I I i
' ' , - ' ' III I.
j.m. h- ,
Hlfllli
AUMlBED
;?ffi- tf, -f t t 'M-m - ' v ' ' 1 -
1 111 ft ) t U ... a v ( 4
Demand l& ExceedfiMj 2 Expecta
tion Esptfcfally WiUt Per
sons of Small Means
WHAT AUTHORITY TO
issue; really means
Approvar ByWaff Fteartc' Com
mittee Approves Character
of Business, of. Concern
Indications are meUiplylng that the
application' for' trust Certificate for
tlia 6res of Amt Tartar Limit
ad, will result tn an, e"rerubfiptien.
Application! continue to pour In stead
ily and1 one of tn' most gratifying feat
ures has been the interest shown by
the smaller investors, those who say
they never "had ad" opportunity to
get in at the ortnriawtilo of aV eager
company before. "' These: appQcatioa
are for a Brrgsr osmlwi of afaacea than
had been expected.
Ilad there been tiraa (riven to main-
had investor there" can be no' doubt
that th issue emujd karre been very I
heavily oversubscribed but mainland
application wm be nmirca oy tn
shortage of time, 'f if tee day beiag
the limit for the, subscription books to
be left open.
What Approval Mean '
Aaierieaa Faetora, LM. kM the aai
qiM position of bsin tk first eorpora
tion in the Hawaiian Islands to apply
to'the reeentry treated "Crptial Issues
Committee' a 'Washington for the
privilege of desposing of its (5,000,000
of capital stork.
A MmiW of fei4)uiria bave reached
the offic of the Treat Tnat Co., Ltd,
as to just what the statement means
.which- ba appears at tha head all
avwrtmng of toe Aaterwaa Factors,
Ltd-'
"Pajwed by the capital laatiea
committee as not incompatible' Wrth
the National intereat, bai withooa
approval of legality, validy, worth
or atecortty."
Recent legislation ctreated iw ia
struisjaaUkbly known as the capital, ia
toes committee whose function ta tf
pas' on- alt capital issue of BMorfthss
of lOOJXK) or more. - No corporsttok ot
association may borrow in, the opelt
market over $100,00 oil bomls' or1 other
aevnrities unless flrstf obtaintajf the1 Bp
proval of the capital Issues committees
Purpose of Committee
The objects of the creation of1 the cap
ltat issue committee were several. Fore-
Jnont WAV tn ruiiuiirvn ttio r ui u ri'm i f
..., .1... V.. i. ' "iV U I
We for ioveatmeat in corporation
which are essential to the aeed o
the country, war production and other
rmuMitials to the suci-esaful coaditet tl
the war Without uflioriJtion of the
committee corporations are not permit-
ted to insme ad.fitimnal stock or to fur- ;
thar bond their propersjea. It ia purely
an enierjjenry affair designed to pro
vl.lc nmple funds and credit for the
The commit tee ilecidrs w hether it, if
compatible wirh national interests f hat
securities shall bo iaffued or offered for
abwription. Nothing done or omitted
by the committee however is construed
to approve the legality, validity or
TO SERVE HONOLU
WITH CARGO BA
Such. Is Reported AiPJaa oi Sarv
Francisco Shipping Men
A revolution in the' method of trans
porting freight between Honolntu) and '
Han Francisco and -other, port oa the
I'acifie will be brought about by the In
staMuttnir of a barge system which ia
now being projected hf a syndicate' of
Han Francisco shipping; me, Whr
pert to solve the problem of haadthrg
freight with a minimum eoat, aaye a
Coast newspaper.
Owing to the invention of an improv
ed pate at towing' device for th tow
ing veoi. and each barge, it 1 flaoned
to have each unit consist of three 6000
fon dead wcijibt barges in addition to
th ateamajr or tug wkkh will furaish
the power.
Than bajjrn unit will ' operate'
from Wan Faiiciaro to the Atlantic, the
west, coast, of Mouth America, Alaska,
Hawaii and also to the Orient,' Ronth
l'ai-ifie and Australia. New aod pow
erful tugs are ,to bo constructed wit
a big steaming radiua which wjU iermit
the variod utiira to be seat to-aay off
shore pert, whatever the distance may
be.
The barges will have double, bot
toms, which win.be useil fo carry Cali
furuia fuel olt auJ whenever eees
aary the tpwliig vessel, will be giten an
ad'airjopal' supply, from the tow. The
Jirojerf promise to become the Jig
K't shippin(f project on the Pacific
at least, and haa been planned to meet
what i expected to be unsual and keen
cumpetitioa after th war. J
Alexxcxler &. Baldwin.,
Fill Yianats dpoi
Board of Directors
Made necessar , by th desth
of President J. P.- Cooke, of AtX:
ander k Baldwin ftare was-a re
adjustment made- in .the offlcera
of the company fend it mifcsidinry
oruaniaatlona at tke Upeciaf oteet
ing of stockholders yesterday. It
was expected is some:, quarters
that J oh a Watarhouoe, who ha
taken such aa active part in the
affair of the company during re
eent years, would be the' new pn
i.lent, but W. If. AleiiCnder, of
Hsa Fraacisoo, was elected head of
the company, the management
here being placed with Mr. W.ater
hotise. The other offioers are B. A.
Baldwin, of Maei, first vice-president;
John Waterhouse, second!
vice-president,, Bui manager, aor
C. B. jWat'o,wy treasiirer and
assistMf , cr. , , F. T. Bald
win. a ,Toha,tluiia, who has beoo
ami ,,tily,frwfir7 of the com
paa' w' elected director re
HU , tb yacaivte on the bonvd
teirulri'ng. fron Mr. Cooke 's death
' M ' board of
oreteJrf , 6( , the, f ant'. Agricnr
farar 'Company" Job, Waterhoue
wair etctecT , firt; efee- president,
H, "K, Hemmeiiway,' freamrer, anf
Job' tJuiUf f member of the board
erecfora,.; .
, . rVime ehaKe jrerw also made: in
ir of&cer of fbc ifcBryde Sugar
CoWnijfJ Iffd. whetJ' Jonii W,atr
how,.wis,; ek-ct irresirleflf, .
5'lt,rjjer M-, Vtce-preaident ; C.
ItU Jlem-meawny,'. treasurer and
okaV0Qilf,. director-
r0nff of the election of of
ficer V h board pt firtor of
fliet Hawaiian; Butfar Compny yes
4raay imdv y Job Werhouse
presWpnf of tn company in place
of ',y, F. ' Ci:i :C. BTemmen
wav. taairurer. aed lonn Ouild, i
nratM 4 tao board of diraetora.
(f-
-9
eecurify if, aa','i!mi ep'proyed' for the
legality ahe? validity ' are matter for
the eourts todeienniner 'Neithej' i if
o Investigate tlie' Jmtneea of rSe pro
posed corporation, " lor , th corportliSoit
which increaae it '"eeurtt'Je, "'Issue;
Its purpose is (W determine wh'etS T
money used as,"!', ' BTOpoeisd' to use
$e founds so tor be raised wiir b for
e benefit of the; aountry aiid the con
duct of the warV-'"'"
Dividend PosatrAtttt
.A to the matte of earning and di
vidends, even with "m baVy erfless prof
it tax such as' I now1' proponed, ' of
eighty percent ' flat on e-x'ces earnings,1
A are ri cam Factor Limited ran eopnt on
paying handsome dividends.
The pro-war profit, overage profit !
for the fflree rennr preceding the lr,
of H. Hacltfpld ft Company were (.
120.49 or thirteen nercent on tlio enni
tal of Amnriirnn Tn','R. T.af ''fir
enrni"c -e-e ' tt?4 '2 or
J'1- 1"?'??, " '""
f0J " ""'r;,' ,-";'
1 "' " "
?" ,,,w' ,
. 0 "". ."' . '
o:irr n--i
Fvei
' .. 1-vi,. '
'I on fill"
' not
'I'l'e for
Hcventecn
.,
mTrnr""
' " '"-!1'p
percent on the '---iinffF.
Estimate of those most
interested
law been more conservative and thev
freely forecast twelve percent or more.
' : w . s. s.
PROFITS SMALLER
The Federal Huar Refining Com
petty reports 2,17'J,44 profits for the
year, while met yer if was $3,227,463.
The year eaded May 2.r)th.
It is said that an entire bargo unit
capable of carrying 15,000 tons of car
go will be operated at less Cost than a
single steamer carrying only half of
thia amount of freight. One of the
barge will carry not to eiceed five
men;, while a steamer carrying this ton
nage requires not less than twenty-five
men in her crew, in addition to the
higb-arioed o (Hears.
.The men responsible for the aew
company . are certain that the keenest
competition of Japanese or other for
eign Hoes tannot operate successfully
against the handicap,, and this will ma
terially rssist America to sustain its su
premacy ee a maritime nation on the
Pacific.
iUflETOTl
SEATFLE PASTORATE
Rev. J. H. Williams, acting pastor of
the Ontrai I'ulon church, will leave
about the middle of Keptc nber tn take
charge of tke pastorate of ihe 1'ilgrini I
Congregational church of Seattle. With !
the departure of Mr. Williams, the (Yn 1
trnl Ciiioa church will be without n
regular pnstor for a short leriixl, as
AlkAr PdlmAv fliA i.auli.r of the
. Ilir
church, left for the mainland in Julv.,.,,,
to do three months ip Army Y. il,,
5f. C. A. work anil is not due back I (,,
here until th latter I'tirt of October. I unl
The interim between MY Wiinrtms lc ;,,
part ore and Mr. "aimer's return will
probably be filled by '' pai-fi frnui
1 flirr fTynolulu chur' li",i
w. : .
crrrcACio. .Juiv nrrv r.rei) of
Pittsburgh defeated Ed.lv Medourty o
(limn Grant this afternoon 111 .a tei
round decision bout for the ntiddl
weight championship of the sorvico.
t! i . ... . fa .
r LANTING of the young cane
ST months hence. These pictures show young s:edling cine grbwing at the nursery maintained
yy the Hawaiian 3etgar Planters.' Experiment S at ion-at Wailuku. -Ihese experiment stations, at
Waifufca and in Honokilu;' are highly 'important f atures of the work of the Experiment Stations
lit these? pictisrest af shown splendid growth attained under ideal conditions. .
J!
S-'rMl t-A
Hoover, Cites Siigar In Giving ,
His; Views On Subject o'f Taxon
WAhlll.MiTC.N .In'
ot Kool Ailmin hirirtur
11 - Die letter
I louver to Sena
tor Simmons, human 11 of tiio senate I
tinnni-e eotnitiittee, in response to the
'ntter's nMjuewt lor Mr. Hoover's views;
in miner 1 ion with the excess profits i
frn tu re of the new war revenue uieaa-
ore, Ii;ih iittructeil n great amount of
attention here, us it undoubtedly Willi
t h ro'mliinit the country. It is (federally I
, comment! -I upon us the rnoHt concine ;
I ami t:itesmuiilike ilefinition of the
proper tiinctiou of cxichh prolita tana I
tion tlnit has been Hulnnitted to Con-
gresH. I
Cites Sugar Aa Illustration
Asi'le from the general iinportaiice
of Mr II iovit'h Htateuient, it is of ;
parti ulii interest to the. nu(;ur indus
try. The footl Hilmiuistrator eitcH '
sugiir to illustrate the method by which j
the tn.vituin of prolits cim bo utilized
to prevent the earning of unduly high
returns ly companies occupying ex
ceptionally favorable positions, while
enuliling the representatives of the
government to fix prices and trade
agreements in such a way ns to eii
couniL'c needed production of essen
tial commodities. The statement set
forth liy Mr. Hoover may be accepted
as defining his position on the general
subject of price regulation and B in
dicating his desire to see n price estab
lishe.l for sugar mid other essential
commo.lities that will tend to maintain
pro.lin tun at the level demanded by
war time requirements. On this sub
ject Mr. Hoover said:
Maximum Production Essential
"In the face of shortage and we
arc short of most commodities today
maximum production is' MMiitively es
sentinl In government regulation,
to sulYt,'unr. production., all profits or
pries must be bused either directly
through price or indirectly through
profits, 1. 11 the stimulation pf produc
tion. The consequence is that it is
necesar to set these Htoudards suffl
rienth high to maintain and stimulate
ja i cit.iin cm of high cost producers.
I There 1-, however, 11 point in profits
j or pro. where the increase in produr
Ition is in.! commensurate, and restraint
is nc
whei
Ii I lest price ascend to a height
1 he people of more limited
1 . in no longer buy. This is
v .l inn for the rich and not for
i "i On the other hand, neither
0-1 nor the profits in any two
' j i nduct ion w ill be the same,
1 hih the high-cost producer limy
1 1 ' 1 ' 1 1 to low nun inns, the low
I.i
cist 1 . 1 lin ers under those conditions
Mill mule piofitceiing profits. While J
I inn 1. in nice. I that regulation of the,
I'l"'- 11 puiitise l.v inuuv executive'
.1 r- . ...1. c....'i t'.ll.. .... I
Iml in prceut ruiiawav markets and
peculation, 1 can see nc rem
ly for the intermediate situatious
is How hi prog ess on mst ot the
below such regulations, except a grad
uated excess profits tax that will re
store that excess of profits made from
public uecesmty back to the public,
it is my belief from an intimato con
tact with niunj industries that such a
courne of enlarged taxation will be
patriotically supported by them.
Sugar a Case In Point
I' A k1""' case in point is sugar. If
siitfitr were , unrestrained by agree
incuts, the price would, in the face of
thin world shortage, go to tweuty cents
per pound, as it has in countries where
no restraint exists. . As the Ameircan
people consume eight billion pouudH,
such a rise in price would cost the con
(tinners t!00,000,000. 'The groat niu
jority of producers, manufacturers and
tin1 public ngreo that restraint is bhhcii
tial. In considering the costs of pro-
ducti.on wo find that a certain level
necessary to protect the high-cost pro
ducers. Yet at this level a minority
of the beet factories wtli be earning
profits of froth 40 to 100 percont
upou their Tuvestment. This minor
ity create tfie Impression of profiteer
ing. Their' ' profits are inordinate.
While the public. can receive it hnrjor
protection through the measures taken,
the correction of this minority profit
eering can only be remedied by strong
er taxation of war profit. .
"There ie aa additional phase of the
limitation 'of pr.iflt by regulation
where such regulation needs co-ordination
with "taxation. If a regulation
of profits or price is placed at so low
a level as to restrain the profits of the
low-cost producer to a normal profit,
it will not only cut off high-coat pro
ducers and increase the shortage, but
sometime gives to the loirf-cost pro
ducer the entire field and means the
crowding out of many business con
cerns. In many industries it means
lugger brndneHs' will survive and the
smaller business Will lie extinguished.
A Feature Overlooked
"There 1 one feature in all regula
tion of profits In food trades partic
ularly that la sometime overlooked.
Thco trade aro nearly all seasonal and
they arc in the vaiet majority dealing
with perishable products. By taking 11
few months during which their prof
its may ' appear largo. , but they
must face ..largely reduced profits
or avrii losses over the balance of
the year. This U particularly true
iu grain and vegetable handling,
uml 111 cereal nulling trades. Reg
ulated margins, ivhile placed at lovels
preventive of extortion, must si ill be
high enough to cover riks and inequal
itit-K in earnings, and the excels prof
its of the more firtuute operutors can
onlv be further . eouulil'. I by siron
taxn'ion of war profits.
"There is still another feature of
.this work that needs emphasis. In the
aduiinistratioa of regulatory uieasurus
6ieTi
plantations, ta nutur ci
J
or the f irinulation of trade agreement
affecting profit and price to the pub
lic and to the government, all officials
are under great pressure to keep mar--gins
at a very low ebb. The tendency
is to be too narrow in such negotia
tions and (0 endanger production. Fur
thermore, in au effort to prevent prof
iteering and secure the best terms,
these arrangements are elaborated to
cover all sort of conditions, and the
economic reactions from this paternal
ism are often bad. If there were a
strong excess profits tax on war profits,
all these measures could be rormoiaieu
with a broader hand and a real rqduo
tion of government interference.
"As to the food trades generally, I
am convitic ed that the unreasonable
nrofits. since regulations a to reason
able margins on various commodity
onerutions were established, have ffreat
ly diminished. A scientifically worked
out index shows in the margin between
the prices received by the prodVer and
those received by wholesalers for the
prepared foods, a reduction of approxi
mately thirty percent dttrtng the- past
year. '' '.;
Can Be Reached By Taxation-
"It is always possible that either
certain favorably iitaated'. and man
aged concern will make an'luo profits
or thnt unpatriotic wen will yiolate
regulations or agreements. The -hitter
can, and will, be reached. Iu the food
trades when a sufficient period to per
mit of action based on JtiM procedure
has been covered. The abnormal prof
its out of war conditions of th favor
ablv situated producer cart only lie
reached by taation, unless, by reg
pint ion, we take the risk of euttalliug
production and the dcinoraliaatlea of
the' economic conditions Of the " coun
try. Furthermore, if auch increased
taxation were imposed, if would etiable
regulation to be carried" out with a
more liberal hand and les friction.
"In summary, my view i that broad
regulatory restraints now in force aro
essential in commodity liandlingiq the
face of shortage. I am etpiallV con
vinced that h large percentage of extra
normal profits earned 6ot of war' con
ditions, whether by more fortunately
situated ' uiotnbers of( regulated trades
or oHicrwisrt, should be appropriated to
the public treasury through taxation."
FIND LIMIT SMALL
The twenty five pound limit for
housewives buying sugar is" mailing
them all sit Up and take notice. From
Maine to Oregon they are figuring
how to make this do and the fruits
are not going to be over sweet. But
the Tool Administration knows wh'if: it
is about and the iconic fall into line
cheerfully on the whole if we
believe newspaper reports.
are to
iljs&fs
Bring Labor
mm rmiispiiias ;
. . . -U. , 1 . - ' ' !'
Would Not Fully Helieve , Shortage
. ln Islands Eutr Should, 'Have
. Some Effect lit Tim of Seriou
Troub!e;Stich'; As t Now Exists
Planter are going oa,' rhjlnrf the Vat
they an with- th raJocoA laker foeoes
that have been left them- sfter the call
o the draft sad of the gnard. 7 Sev far
as he- hern aanouaeecl tie-toa have
been- Cake tooftinr' re; tbe- Soldihg W
present labor, and na; 'coring of new
labor other; than he calling of atten
Mob to the eetocttv dm! I officer' U the
fact that FUipino arrtveU here since
July 31-ei Uetxea a- aet aligiUe for
rj-eemrauon. ' - v
-' Wot 'ellgibne-reHegitratibn, it .ie-'
held, mean.- rbae they , can under no
.1... 1 .w . t.J....-, u.
circumstance--be inducted Into the
draft.. - If : they af aot eligible for
registration they 'cannot' waive exemp
tion fo they, capnot be put into a posi
tion to Mo thl natiVregtsteVed. 'This
will jirwbebly aae aVveral "hundred la-1
borer front beinf taken, may .send
om baek to plantation already tak
en. - ' '-:..-
, It Ea been iaid , frequently that
la noV-I available fee- ner in 'both
PVto Bleo-.anr' the:1nlt1pplnef bitt
'her haa not b'or. transportation to
bring such labor lore. 1 Recently if was
alra.ninred that. four vessels that, for
merly took gar from thai port are to
take- nga, f ron toe Philipptne. Why,
it i ekeV eaMotkmre- f vessel
oa every trip ,b-idg labor here to re
lieve the atrortageJ They will, sarry
th sugar' cargo tothe mainlaacf but
mig'ht VelT stop here with a ateerage
caegv of labei4.
;ThW-piaa weuldrem to offer a' par
fTal relief to at'aerfoo4 problem and it
may 'be thef 'the iilaatcri. have already
take)' Mie' mattef nevoitli' "the' proper
authoritiea. It iV poaeiMe that Mr.
Mead; of Tlia Ub bureau, has 'done
thhi ia vraaMwgoik II nch ia the
case' If woold efpraia-'why A greater
aaxvrfy ha nt)tr been firilyd. ,
iaveencailOB - Dy to -iDOTT Dareaa
ihmrs tamt'iherW are few 'THiBino
idle i bot Jlqaejuhi'that: cealdje
brought tov'tlie plaffation "at 'that
the bnlft 'of ; the JpHfe tabor ,dooe
not rare 'to gr f We' flebl nd would
require a rt wor. b.r' fight reguIhUon
to jtiale UcwMc eelVader rn eir
Cuast4Mice there ap)ear bo relief nn
Um trananortkflonV ea IA serared Trora
the''-Philippine , ah tme .four. iiMil
r-wouYff seetrfrTW "offer. 'iTlrey. eorrhr aoi '
r I.i ! i'Ut i,u liliiir kill Mil. I
cml(l ailevlat .' conditions ' to the full
extebt of tfielr"uTiriined passenger ear
ryi'ag aecomniodhtion
in
NOT YET SECURED
vaoie messages are peine; eicuBugcu
betwoew 'heeaod Chjlth-a kere) and
H. v-.t.A WBrirtMil tin
8aa rancic amr WaWWiigtea -l(tn
effort to secure shipment oftlre seed-
ed fertiliser at the earliest possible
late. The period ourta 'which ablp-
r . .
. , ...a. . ' 1 oeet'eugaC preducer who cunndl
b.VTP"dl'".yi'.velProflt.bly, under the new p,
Is an adtted Trf tmte hnn ' , , ....... .u. ....
meat were to be suspended eacept f ot
munition vurpose ' is .."arft.4; He end
and tne resuut l an anwen urtivuy ann
... . .iv Li'
effort on the part of tfVt.ttaer cpm-
pm,W "'JT'rTfv . ,k J
While enrouragemeat he' I out fhat
a suiinlv- miv he see'iirc I. It is-' un'der
stood that as yet there hue" be! a noti
ing that' 'ran be considered; as' abso
lutely deflnire. ' 'The pfopesitie'u 'haa
lieo'u as thoroOgRly' presented ae'jio-'
sibie and expectation ia .that aome ni
trates wlfl Boon1 Da conriag through
though it ia' dooMrul 'Vf' a supply bo
large aa desired will be obtainable.
M.r j',f,tf
rJIMPTYiPftlltt JIFCTlkSllfilB, t
FACTORIES' TO. OPERATE
There "iU be ninety-font, beet sugar
factor! 'iw'. eperaoV .f .United
Htatea this fail if preseqt' indications
do not fail." Hix faotoriee will not
run; 'the 6ajWCWi..Cat,' F,llpn,
Nevada,. Weaveriy, IWj 1,' Aaima
and Lamar la' CoWradeJ, : and, either
Burley or PaOk in) lilalro wilt not .op
erate. The great Htat of Utah will
take the price this year ,1a having the
largest number of factories, seventeen
in nuotber. Tit Topjpenlah factory, at
Waehi-ngtoo, that b,a the machinery
taken Iroaa- OraaV'i Taes, Oregon, will
be one of the lew one, and the Utah-
Idaho Company haa - aew plant t
Hiinnyside. Whitehall, Montana, baa a
new factory ererta Mr the Amalgamat
ed Hngar Compan. - Marine City, Mi-
Lchigan, will swing a aew factory into
Una. There are tiow aa hundred fac
torial ia thrr country,, also two anfia
iahed ones at Rigby. Idahoi and one
at Hamilton!', Moatgdk.
' " "W.acaa .
STU0ENTr0TFTCErTT'lii1 'r
TDCUfUt 1 fit I UIAUT
ntrv Un vALL r'lvinr
'
The student of th.e ofiTcers' tralniug
camp at Scbefield Barracks wr in
the tranche at the U range last nigh
working out a attack and lefcpse
pmliieni. They , are .devoting most, o
this week to work in' n,d around the
trcBchiw . TMi,bi4 tf'9jvweek af thM
month Witt be devoted to ai-iiuirin" a
detailed knowledge of the tirenn ration
ma, handling of company paper. The
camp close oa September ju
Via s.'faili !, i
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Food Administration Is Authority
. For Assertion That There
l- 1? Will Be Increase . .
" Price for the 1019 aomir crop' have
3 been practically determined is the in-
rottnation that comes to isen anout
Bngar in lta Washington correspond
ence under date pf July 17. At the
same time the correspondent say that
th Question of costs and prices for
Hawaii nd- Porto Rico hhv bot yet
Kone l t0-. " ' t''?,,PJc. h"'r
ever! that lar that time the Hawaiian
l isniers commiirre ns nnr, iit-nnnn.
The Washington correspondent of
Fact about Sugar wrote:
"Beyond the meager intimation giv
en In it announcement on July 11 con-
l"5Ltb6 JS'i
h.! t'
, for refined suear was anticipated 111
the ltte part of tha year, hdthing
further ha ieen fortheoming from.thi
ouree W ter the' price Mtaation.
Price Practically Determined
"Although not officially confirmed,
there is every warrant for the state
itieat that the probable price basis for
refined for 1910 ha been very nearly
if not actually determined. That it
will be higher than the existing price
ie assured, th food administration
itself being the authority. How much
higher it ia perilous to forecast at thia
time.
That the price will be established oh
a" oa1! higher than 7.90 cents seems
eertnia considering the increased costs
of production and manufacture, but to
what extent that figure will tie exceed
ed no one here rarea to predict.'
No further conferences on the new
crep4 price boai for CJnbwn ugar have
been held between the representatives
in attendance at last week's meeting.
Ortchsibly the conference haa been ad
Jonrned to enable the Cuban to sub
mit a brief outlining what the increase
frtf coet1 Witt b for the 1918 1 season
as compared with 1917-18. No doubt
the figures to be aubroitted ' wiU be' of
value to the American repreeentatiVes,
hot pa tke ether hand the opinion pre
yail very generally that a price agree
ment -at fau ianrr a has been 'tenta
tively' reached, ubject possibly to
some slight revision later.
Announcement ProbaMa teen; ;
' With thia knowledge a a basis it is
considered probable that the food ad
ministration haa; already formulated its
ideas a to the revd for the refined
bast that Will' have to follow ii higher
basic prlee for next crop Cuba. When
the change wil be made and the' price
made pubRe ia a matter of conjecture
at' present, but it can be safely said
that the announcement will not be
erelong" delayed". ''
- According to the latest information
obtainable here, there will W ao con
ference thia yeaf betweotl the beet
sugar, producer and the food admin
istration relative to a price agreement
for their" new crop sugar. OTiginaHy
such a conference wa to have been
had on Juno 24 at Atlantic: City, but it
whs poMponed' without dnte at the re
ortest of tke food administration.
, aieea 1 Hemovea
j tt t beMevetl that the reason why no
conference W'H h0''1 8 0P""n
fool Bjmiui()trntinn tliat it is-
jjot'now necewary in Viow erf the for-
rnation of the sugar equalimtion
board, aa flip matter of earing ror me
1 Kt '.iioC itrsslurer who cunndt oper-
. . -.ir ,.,in. ih new nrice to
. wn,f,e na0llred by triirf board
.v. . -.,., tn come bo
ana win noi ire a m;irr iu u
a n
One factor which is serving to delay
ointtiAtnt relative to the re
fianl orlce -baaw'ta, the failure of pro
duc.ers to send in promptly their cost
figures with suitable eomparliions' indi
eating;, increase. This condition is
most iinaatUfactory to the food ad
inlnistalon;, whifh even by persist
ence and the ime of all available in
formative Bgeucies hns not a yet been
MVle fs- arVive'atf alt' 'tha facts regard
Jng the rest of producing beet ugar.
The producer are also dissatisfied, as
; IVer aUtilTj
should not exist. A prominent 100a
administration official ia ' reported - to
have raid that if coat staitmcu.s am
speedily forwarded atll uncertaiaty as
to the price situation can be quickly
cleared up.
,lNe price" 4ue"un"';fTort.,nS Ha
waiian and Porto Rican sugars have as
yet been taken up. ' The Philipp"""
sitoation ha been given considerable
attention and the outlook for the pro
dueer there a to price' is much
brighter now than it jia been fur some
time past.
. . mm m m
Maiil Agricultural Company has run
far ahead of estimate" 'en tit I year's
tt0P aceordiag to report heard from
PPa8ntly authentic source yesterday.
Those report said that the crop would
l...A. ..llmni;. I... 'lihiHI ...... unt' tlul
the 1919 crop promise to be one of the
finest and best. 1
Jiarly estimate on the Maul Agricul
tural eron was 27,000 tons as compared
with 315,000 tons last year, the riidu
tion In estimate, beinjr made hecauee1 of
last -voflr' dronght. It W pvldHit flat
rnrofitlnn innst' have in'riteri'lllv''" im
proved ami thnt the 1919 crop lins re
covered from the damage which it W!l
feared it had Buffered.
1

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