OCR Text |
Show Clffi SUGAR CROP is mumm Base Price Is Fixed at $4.90 Per Hundred by Commissions. NEW YORK, Not. 30. Trie trulk of the new Cuban sugar crop will soon become available in the New York market, under an agreement reached today at a conference confer-ence of the Cuban sugar commission and the international sugar commission fixing the base price at $4.0 per hundred pounds. Tills price represents ?1.60 per hundredweight, hundred-weight, free on board at Cuban ports, plus an estimated 30-cent freight rate to New York. The actuaf pric of the suear at New York cannot be determined until the United States shipping bureau has fixed the freight rate, which it is expected to ao within a few days. The $4.60 to be paid in Cuba is the base on which it had been hoped an atrreement could be made. The Cuban sutrar commission was appointed ap-pointed by President Menocjj to confer wit b the international suear committee, he-adrd by George M. Kotph. head of the suK'ir division of the national food administration. admin-istration. The Cuban conferees reported that a number of central production plant already have becun crindins the cane a.nd ihe raw fc.ug.vr should be ready fur shipment ship-ment within a few days. It was reported to the international s'irar committee that American bttt susar is moving steadily and satisfactorily. satisfac-torily. Ohio refineries are said to be receiving re-ceiving about ten thousand tons daily. Thi-- will help relieve the situation materially. |