Show HIGH PRICE OF SUGAR IS FULLY EXPLAINED and grays crays journal says its because of brussels convention agreements that the bi high gh cost coat of sugar is due to a failure of the european cropland cro to Fur european speculation in countries which are included in what is known as the brussels convention agreement is the tenor of an article in willett and grays weekly statistical sugar trade journal journ al of september 23 1911 a recognized authority in the situation the countries which are members to the contract have agreed to exclude sugar from countries where the sugar industry is bounty fed the article which explains the situ situation atlon is is as follows brussels convention there la is an institution of european states stales formed some years since by several beveral contracting countries called convention countries to exclude all sugar from importation into those countries froin from any country in the world paying bounties to their sugar producers this was done to protect the sugar producers 0 of the convention countries from competition irom bounty fed sugars pays a bounty to its producers is not a full party to the convention but at the solicitation of great croat britian a member of the convention ven tion Is allowed the special orivl logo of exporting to the convention not exceeding tons per year the bounty restrictions havo have orbed C wen up to the season because the convent convention lon countries themselves have produced from year to year normal crops sufficient cent for their own consumption with vath an excel of esporza eions and wit without bout requiring ther the full D tow oas from russia itras however there la is a marked change in these conditions ako tko convention COUntr countries le owing to bavero draught aurin during the growing season will I 1 hai have hail L scarcely sufficient cent crom for their own oan oa n consumption biond little for export to the united kingdom an and a other non countries k on thi the other hand baad cwm russia la la is favored with normal 1 good crom and Is likely to two have a our stock beyond to consumption toca to tons which welch amount it if allowed to go to countries would immediately bring price condit conditions lowa back to about tho ho normal and destroy the european speculation lor for an unlimited rise in prices the brussels convention stands a the way ray R ay of 0 this his relief relict of the situation and la Is beset on both sides the russian prock cers clamor for a raise of 0 the ton export limit to tons or more while the producers of the convention countries with their small crops desire the maintenance of the high prices to help then them out the question before the brussels Brus sela convention Is ia whether the ultimate consumer shall be consid considered cred at the et e t penso and loss of the sugar producer produce rV the outside world Is watching for the solution with great interest and ancl more mom or less anxiety cuba porto port rico ll hawaii awall philippines and united stites states domestic sugar producers naturally prefer that convent convention ion count countries hlll ir import ort restrictions shall prevail rather th than dussias Rus sias for it means extreme extremely high prices aej large profits to them ford for one sason at least the ultimate consumer in ia the united states on en the other hand gym with russia and cannot understand why ho he should buffer for conditions on the other ald of the worm world with frith plenty of freo and saral mal broo duty supplies in and about the united states but hero la Is jast the point why ho he docs boqi and will suffer chero tharo la is not nort plenty of freo and deml freo free duty sugar for tho the united consumption and this several hundred thousand tons of full duty sugar required to eke out the consumption at the end of every crop season makes tho the united states consumer pay prices corresponding to the cost of that extra requirement in the markets of the other world it if the domestic and crops of the united states tor instance were increased to double what they are now say kiy 2 tons instead of tons not bo be toe the least na n CC c city of going tar far abroad for sugar and europe could carry on its speculations ions lons under restrictive supplies with comparative little to us on this aide of the continent nils is 13 certainly giving a variable able object lesson to congress as to the value ot of a continued promotion I 1 of our domestic sugar industries I 1 already the citizens ot of the states in beet sugar factories are located granted concessions in pric efrom afton those loose of latea that roust must find their sugar supplies from the corids marte tB it la Is so beouf our understanding to ma ia HM hat elgh prices would A have to be paid for sugar in all the obos it t our ton beet factories fact orica were not in ex esle Istance ith the abo present world condi conditions doris of 0 unknown short supplies suppell es supplemented by a strong and aggressive syn syndicate dicato in europe |