| Show SUGAR ale of f lion hoi owen scott a aon OD vieve As faoul Il illonal linal the following is au extract from the evell of tile uon non owen owell scot of III illinois in fit the national house of i iaia tives tivee every pound of s ugar bought cheth whether r produced hero here or dr abroad is 1 bovi bought glit by the dinst tius ami all the refined sugar feudal sold passes th through rought their halios anil and pays tribute to this corporation jn in increasing its capital it also aho provided for of cpr G per cent boudi bondi with which to operate the tha ancl to silence the competition of tiny any rc refinery finery which might hereafter make it interesting not only lias has the sugar trust succeeded in fit destroying all competition but it has at the baine bamo time prepared the means for perpetually preventing competition chui coui petition tho the result of this lias has been to depress the price of all raw sugar bugar and to largely increase llie price of refined prior to this absorption of refineries and destruction of competition it was not believed by any ono one at allwell all well informed that tho the sugar trust or engaged ed in refining sugar not making large profits on oil the contrary there was every ev evidence i that sn sugar ar was a most lucrative business the alie present prices of raw sugar sug ir OG legs centrifugal and refined gianu granulated have leen beenen so adjusted by the trust that the net profits are 1 cents per pound the cosit of refining refilling does not exceed c at the most five eighths of a cent find and the best equipped refineries can produce it at one half cent this changed condition between raw and i clincia clin cil made possible by the absorption by the trust of tho the outside refineries has given them increased profits there is it n nt net increased profit of five eighth of a cent per pound or per band on a minimum yearly tiou of battels bai i els this amounts to the enormous sum bum of over i if jO OOOO or a little more than the amount of tho increased crea teil capital of the trust employed to destroy competition experts the actual value of sugar trust propel ties at so that thu the rate of profit on actual valuation is at n little over 73 3 lier percent cent after paying 7 per cent on Q of pre stock and 6 per cent interest on the of bonds the above rate of profit would yield almost CO 00 pur per cent on the commod stock such stich enormous profits aro arc only possible by giving exclusive and sole control of the market for tins this commodity which is a necessity iu every lion household in tile the land at the time of the formation of the trust in 1 97 the actual value of the establishments taken iu in was estimated to be about additions since and changes madu in the tLe plans in the opinion ot or experts make the property of the trust worth about i the remainder of the lie tj capital prior to the recent increase represents undistributed earnings good will and plenty of water to illustrate the wonderful profit that is made by these rt rE finera finers mention may bo be made of the largest that of hai e meyer E elders sugar refining Ke fining company pany brooklyn it is estimated by good authority lut hority that the properties a and rill equipments cost not to exceed I 1 its capacity is barrels IF I per F r day giving in ill one year of daa da s a production of barrels or 71 GO pounds pound i even allowing a net profit of one half cent per pound the exact amount of tariff lariff on i sugar it will be seen that the annual profit i ii the gormous eDor suni slim of being almost if not quite IDO per cent on the cost of the works |
