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Show UNDERCONSUMPTION A WORLD FACTOR In discussing the sugar situation, Facts About Sugar" says: "Those who have not studied the sugar situation closely frequently express ex-press surprise at the accumulation of supplies which has taken place in primary markets and at points of productioti. With the world's output still considerably below that of the pre-war period and with the removal of the restrictions imposed upon the use of sugar during the war, it would seem logical to expect that the full amount of present production would bo promptly and readily absorbed. As a matter of fact the trouble with sugar today as with other great staples, is not over-production but underconsumption. For six years the people were systematically taught, and in most countries were forced, to limit their use of sugar. Some effects ef-fects of this long-continued campaign cam-paign of restriction unquestionably remain. 'Add to this the industrial demoralization and depression that has limited tho purchasing power of all nations, the heavy import duties and internal taxes that have been imposed im-posed in order to bolster up revenues, and the unfavorable exchange situation situa-tion that doubles or quadruples the cost of purchases made by many countries, and it is easy to understand under-stand that all these factors combined have operated to held the use of sugar su-gar far below the level that it otherwise other-wise would hcvva reached at this time. Consequently, it is not difficult diffi-cult to understand that the return to lull normal consumption must at-lend at-lend the gradual progress of world! . restoration. I |