Show SUGAR REFINER I REPORT MD I IX X NEW W YORK March 12 In 1923 1223 1 23 had all the up anti and down ns of t a 9 a ten sear pre na period to Lan Larl D bot 13 president of ot the th Am American Su Refining company The Tir or the compan compani fluctuated liS at I I liSI much as In a single ln l da Mr r Bab t states In In his annual to- to reI report port re port ma matte made public today I The price of raw sugar ugar ch Hi times he h declares and the ex- ex exI extreme ex I Items fluctuation of ot 3 cent cents pep pOl p iI pound In raw sugar prices pricer during 1923 aaa vas a greater realer than the tho flue flue- I of t the entire ten ears pre pre- pre preceding ceding tha th World arId war wat In all of which time It ass 8 Ba only 2 cent In the th war poet di or of sugar au ar went to greater extremes than any other basic commodity Compared with lIh the average price of 1910 1 10 sugars sugar's fluctuation since the th Is ll hown n to have been boen greater r than the combined fluctuation fluctuations ot Of wheat t and cotton and almost equal to the thc combined fluctuation tul of at wool rubber coal coat and copper l 10 PRODUCERS mw The report how s that the Amer Amer- Amerlean Amer- Amer Amerlean American lean ican Sugar Refining company re- re re received profits profit of If 8 l 8 St 36 In Inthe inthe Inthe the form of Investment Income and Inter st Of Ot this amount 5 16 t represented Income from In- In In large largely In un-ar un sugar pro pro- producing producing companies companie This Thill sum um to-irether to to- to together gether with 2 40 Interest el was sufficient to cover coer a on refining operations of 1 1 01 and to pro ld pro Ide for d de- de depreciation bond Interest and pre pre- pre dividends dividend and lean leao lea e a a bal bal- of at which baa haa A 6 arOue i ou-I ou Investment V o t a prof It ot of 84 4 4 10 has baa ha been boen bc set pet asIde to strengthen tr n the th corn corn- om- om pang pany P refinIng facilities In Now ew York harbor The lear ear car 1923 1323 was unprofItable for tor cane sugar u ar refiner the Ute report t says ar and th the toss Iou of 01 on tons ton of ot raw sugar re- re refined refined re fined d by the thO company during the thea a ear la is I ascribed bv by Mr Babst to tithe the HE ill fluctuation of ot raw sugar una price prices In 1922 1 he points poInt out the company refined I tons at ata a t ta a profit of at tIO 10 32 65 55 I Sale Sales lea of th the tho company totaled Nearly pounds of at package sugar alone aloni were sold old SUG IR tR CHEAPER CI APER IN IS l V t S S TILL THA TItAN The price pric of at refined 1 sugar In the th United State States during 1923 i Is shown shonn bv by the thO report t to hae ha hsi v been heen tower lower than the th price In InI Ir I England France Spain Ital Hoi Hol- Hoiland Holland Hoi land Norway Canada or Uruguay The pric price of sugar u ar last year corn com pared with the a craco price pric from ISSO 1890 to 1899 l Indexed at less les than HO 80 to the report while the composite erac a 11 price of at milk eggs rr butter bread and pota- pota pota tOOl toe indexed at more than The food tood value obtainable front from sug sugar r for tor one on cent In 1923 ill is I shown I o e e corn com compared pared with for bread and for meat neata s like Ilk pork beet beef 69 t and fowl f owl 27 Dairy airy products product like cheese milk and butter yielded only 80 0 79 and 72 calories re- re r ely tor for one on cent according to t o the report INDUSTRIAL TRIAL in In Hit 1918 tais sas the tho th report e ae started to change chant the th hour 12 hitt then hen t pI In the sugar u ar re- re reI cc ri I ining f Indu ry to an hour S-hour shIft This Thia change chango was wag made gradually and still continues to be b a step In advance of ot most moet mo t ot of our competitors tors t ors bythe Sick and Injun benefits benefit paid by the t he compan In 1923 amounted to 23 22 78 three Fifty-three making a total of ot who re received elved 42 23 In pensions c received under group roup ln Insurance coverage Under the t th he stock clock purchasing lne plan In Inaugurated rated In UK es es hate haAe ha e put put- r- r cd shares abates v with Ith a a total tot i pai pal value alue of About halt half of ot the th 27 l holders of ot the th compan company are worn worn- en The Th Crage a holding baldIng Is i shares |