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Show ill Yffi OF SUGAR SUPPUE9 $W'$ An examination of'the' extent of tfie r I ? b' ' uar supplies, available to this inarket M I "Jbetween now and the end of the -year I ife I r ahowa that the balance between these if tippKea and the normally anticipated If I demand fo yery close. Taldng into ac- t f cvrmt all factors of probable demand it , it'.1 is Yident that there wiU be less than ? ! oueh sugar to go around and that a i Inrtfer curtailment of its use, particu- I : ffijr- , larly in i less essential industries, must be ,: ' Wi' ejnforced if a serious shortage is to be r 'if avoided. , J. ? J JJhder present conditions the term 1 1 available suppUes in itself designates a t f aomfwtiat uncertain quantity; For pur- . I f . L peaes of estimate it may 'be .taken, to m- II f . lude the- remaining portion of the cur-fc& cur-fc& xent Hawaiian, Porto Rican and Cuban 1.K ; crops, together with such portions of b t the coming Louisiana and oeet; sugar fli ft crops as can be marketed before the end II of the year. The present shipping pro-IB pro-IB - ' sram contemplates the movement by the m CrsVof next January of practically all ji ' the sugar turned out in the insular pro-mk pro-mk - - clocing areas mentioned. It is obvious, & IwweVer, that imperative military de-H de-H !.' v mand may cause further withdrawals Kfe'r' of shipping from the sugar carrying. lilr ' trade .and so cut, down the quantity of k'J , auch suger that can be moved KK:,- Aatumingthat.no such interruption Hpl . ' occurs and that the balanced Cuban OT" ' and Porto Rican production is - shipped K according to. schedule, approximately S f " 100,000 ordinary tons will be provided m'- t ' ifremthese sources from June to the end t II i'V'; of December. Hawaii can contribute wm v "' about 800,000 tons during the same peri- fl . ' od, subject to the provision of the neces- Hi aary tonnage for its transportation. If B , - ihe Louisiana crop is marketed practic- 1 'S-;' , aDy as fast as jit is produced, 200,000 tons W& -p jnay be realized from this .quarter! The Hp ' rodput of the coming beet crop is still HI l& vtry ltrKely an unknown quantity. In aK'4ki&5uy'-CMe -60' to w. Pec11 to1 If ryt;. SM'OT'to'tente'r 'trtde;ilnnels before. IPK w-ef'theiear,;Mrp'robably4K,000 mm m-S tons Uf a liberal estimate of the amount fejikf" ; io be counted upon, k BR W t. This gives a total supply of slightly P f-;. -over 2,000,000 tons or a monthly allow- H ,, ' ance of roughly 800,000 tons. Average Pli consumption during the first quarter of bf. ' - tiws year was at the rate of about 325,000 Wwf- 'tons monthly according to the official HP' ptr ' "report of. the Food Aaministration re- Qp ; ' ' centiy made public. For at least' the first Hp! lialf of the period under consideration Bfe: C -consumption may be expected - to run Blip ' " - higher than this, and for the whole pe- Bf I'-V Tiod it is not likely to average less. On mm W the face of the figures as they stand at Hi m "Present, therefore, a slight shortage is Kp $i Indicated, but not greater than can be m I" -made up by placing further restrictions H t vpon the use of sugar. in manufactures, mm m4 In this consideration no allowance .is Im4w made for the exportation of sugar to lj:(v; France and to various neutral, countries Bjijlb which are urgently in need of supplies smfe'af . hat can come only from the stocks in- Pftif '. .' c-'dicated above. Every ton of sugar de- -'- .voted to this purpose must be had by the RpL?- 'savings in the normal consumption of KiJ-:, ...-' this market, or it must be drawn from, BB;., sources of supply other than those indl- HW -V seated above. It is probable that some 9&'tpr ' fainall shipments may bebrought in from H'vsV P r,the Philippines and frdinouth America, Hf ! 3 Twt these are not likely to be insufficient BBt ' '-volume to affect the situation very jjjBx ik -materially. JM iVrfjfflt' 4 r . Inv.thePhilippines there js an over- mm&0x'ia iv abundance of sugar to satisfy all normal wm ';-;.' -... ,ffI . ,. .fJt . ,,.;.' requirements. It is important,,. not only, in o'rdero supply the wants of Ameri-" cdh consumers but also in order to relieve re-lieve a istuation that amounts to' an industrial in-dustrial crisis in the Philippines, to move a considerable part of this sugar if possible, pos-sible, but candor: compels the' assertion thtat the possibility of any such "action under' existing circumstance sis more than' reiribte. 'V t" - -The condition is one that should be . faced frankly and met by juch.meaiures as will -distribute over, the final six months of the year whatever shortage may' be inevitable. It would be unfortunate unfortu-nate in the highest liegree if the situation -were allowed jto drift until we were faced by. a condition such" aa prevailed in the . , fiscal weeks of 1917. We believe that the -Food Administration is alive to" the situ-atiomand situ-atiomand will take steps to deal with it without undue'-delay. - Facts About Sugar." |
