THECUBAREVIEW 85 



"For some time past there has been a movement on foot amongst the sugar producers in 

 Java to try to combine to keep the prices of their product on a level more in keeping with 

 the cost of production. 



"As you are doubtless awaie, owing to anxiety (jn tlie part of some mills to realize their 

 output, prices fell to a level far below the cost of production and on representations Ix-ing 

 made to the Government here to prevent a debacle in Java's leading industry, the (iovernor- 

 General called together a few of the leading ])nKlucers to discuss the situation. 



"This meeting took place at the end of July and it was agreed to fix the prices of new 

 crop Superior Java sugar at f 1)4 per picul first cost, Head Sugars No. 16 and higher at f ^\i 

 first cost, and Muscovadoes No. 12-14 at f 6. — first cost; old crop at 2.5 cents per picul less, 

 the advance to take place on August 1st, 1918. 



"All sugars exported after that date require special licenses, and if any sugars have changed 

 hands on or after August 1st at prices below those fixad by the combine, no export lic;>ases 

 will be granted by the Government for same. 



"Any transactions which have taken place j)rior to August 1st, 1918, at a lower level 

 than at present will be allowed to be carried out, j)rovided there are absolute proofs of the 

 genuineness of the sales. The control of licenses is in the hands of a committee of three people 

 (one lirg3 exo^rtsr and two large producers) and great care Ls being exercised to see that the 

 new regulations are not being contravened . 



"Proceedings are now being taken to form a selling combine with fixed prices for export, 

 and it is likely that this will mature, as the leading exporters have expressed their willingness- 

 to take part." 



As far as the Refined sugar situation is concerned the business passing has been on a 

 strictly hand to mouth basis, and under close Government control. Regulations have recently 

 been is.sued which forbid the Eastern refiners from offering sugars West of Buffalo and Pitts- 

 burgh, beyond which points beet sugars are now offering. Louisiana refiners have also been 

 obliged to withdraw from Texas and points in Arkansas, which will be taken care of by the 

 Texas refiner and the beet interests. In conformity with the new price of 7.28c. the price 

 paid by refiners to the Sugar Equalization Board for their raws, the price of refined has beea 

 advanced to the huau of 9c. less 2%. 



We submit herewith memorandum of sugar arranged for by the Committee of Sugar 

 Supplies for the Army, Xaw, &c., total quantitj' furnished to September .30th, being 144,.589 

 long tons. 



Memorandum of Sugar.- — -Arranged for by Committee on Sugar Supply for the Army, 

 Navj' and various Relief Organizations, from its Organization, August 17, 19i7, to September 

 30, 1918, shownng also the propoitionate quantities due from refiners, based on output: 



Quantity — Pro Rata Due — 



Producer. Supplied. Per Cent. Quantity. Excess. Deficiency, 



lbs. lbs. lbs. lbs. 



American 115,097,169 40.6.50 113,7.33,9.56 1,-363,213 



National 31,315,840 12 .007 33,.594,188 2,278,34S 



Arbuckle 20,1.39,700 7 .000 19,585,183 554,517 



Federal 27 ,374,000 9 . 605 26,873,669 500,331 



Warner 19,412,200 7 .204 20,155,951 743,751 



Revere 2,455,000 .960 2,68.5,968 230,968 



Pennsvlvania 14,245,600 4.802 13,435,435 810,165 



McCahan 7,397,600 2.402 6,720,515 677,085 



Colonial 8,490,000 2.3.30 6,519,068 1,970,932 



Henderson 3,585,000 .960 2,685,968 899,032 



Savannah 19,266,200 2 . 402 6,720,515 12,-545,685 



Imperial 7,960,000 1 . 513 4,233,197 3,726,803 



California & H 1 ,910,000 4 . 803 13,438,233 1 1,528,233 



Western 1,140,020 3 . 362 9,406,483 8,266,463 



279,788,329 100.000 279,788,329 23,047,763 23,047,763 



Beet Go's 36,379,400 



Amer. Ref . Com 6,612,600 



Dealer 1,100,000 



Total 323,880,329 



