| Show SUGAR DROPS I HEN V OMEN PLAN BOYCOTT I Some Operators Attribute Break to Govern Govern- Government Government Government I ment Suit U TJ S STILL PROBING Find ind Refining Interests Have Billion Invest Invest- Invested Invested Invested I ed in Cuba NEW EW TORK YORK April 28 25 Sugar futures broke 26 to 27 points on the exchange toda today Loday Operators of- of offered of offered Cubas down to t n a pound attracting buyers although I this figure was Ac c lower than the th recent high for raws The decline followed publication of reports of a mo movement ement b b housewIves to support a n a buyers strike while the present high prices exist Some operators operator attributed at- at at attributed the break partly to un- un uncertainty uncertainty un uncertainty certainty over the pending govern goern- gO governmental I Ern mental action achon against the Now ew NewYork York coffee and sugar exchange hero here next Monday OF ON CA CANNING NING WASHINGTON April A 28 28 A hope that housewives es will UI put the th sugar speculators out of business by by refusing to purchase sugar at atthe athe the tho prent present prices was ed edIn In a statement issued today hero hereby by Senator Brookhart REpublican low loW It It is 15 true the conning canning season Is 15 lanear near at t hand the senator said ald but they tan ax pu put up the fruit by bytho bythe bythe the tho cold coid pack method and aDd by tile the lUme tIme time It Is 15 to be b to used the new ne trop crop jar su sugar ar will b be O on the market and speculators will mil have base ha e been driven to cover covet By fly HARDEN cor u Special Correspondent of The 11 S nd StAndard Cop rl Copyright 1923 WASHINGTON April 29 28 11 1 Dyl dence deace that New ew York rork financial and an eu sugar ar refining interests have an Investment of more snore than 1 tl in Cuba and contro a large part believed believed to run a high as 90 70 per cent of cent of f the Cuban sugar has crop has been unearthed by go gov- gov gov government v- v Investigators at work on the tho 5 weekly sugar hold hold- holdup holdup holdup up of ot the American public The governments government's detectives are ar seeking Information with respect to TIes ch that the sugar holdup was planned and car car- carried car carried I ried tied out bv by New York financial In- In Interests In Interests interests clo closely ely to the grEat I sugar refiner The most mo t recent 1 evidence which come comes from a rep rep- rep representative of the refining Inter Inter- Interests Interests rep rep-I ests Is In the nature of testimony riven bv by Henry A A Rubino 1 of ot York who in his pis own ord rep rep- represented resented rep resented American Interests en- en engaged en engaged in the production of ot ra raw sugar In Cuba before the senate finance committee In the latter part part of ot 1921 1921 At that time the was holding hearings on the proposed tariff law and Mr Rubino placed before the commit commit- commit tre tc various arlous tabulations outlining the he extent of t American In Cuban sugar We We have hn attempted said Mr Rubino In filing hI his e aith lh the greatest care and with all the data that Is and at our command to ou Oll th the of that American to- to today to today e day b stocks and by so- so se widely held aul ani dIstrIbuted distributed ed oct in the United States State amount amount- amountIng amounting ing leg to over tl Si i In tho the sugar ugar In Cuba ac- ac According ac according cording to actual tl figures Gl According to Mr Ir Rubino s It fig fig- fig figures ures tires the tho 1 l was as as made up as follows Sugar mills and estates owned by Americans uR r estates controlled by Am- Am Am Americans by reason of their being f on Page Pace Two SUGAR DROP I IS RECORDED I Continued from Page P tc One financed by b bv Americans U In Investments In Cuba owned by byAm Am Americans dependent entirely up- up upon upon up upon on the tha sugar bu business Amounts due Americans for or mo- mo moI machinery ma machinery chinery merchandise e and supplies I and secured Cured in part by equipment tru trusts l etc Total 1 1 7 t I The tabulation is taken from the finance committees committee's report on pro proceedings of at the tho hearings s on the th McCumber Fordney-McCumber McCumber tariff bill that schedule covering sugar molasses and manufacture o of sugar and mo- mo molasses mo lases lasses Mr Rubino placed iced other American Investments in sugar in inthe inthe inthe the United States Porto Rico and HawaII at and added The American industry In Cuba CubR has twice as LS much at stake as aa all alli i the thc other Industries BIG ro HS LI D Fourteen American owned cor- cor corporations corporations cor corporations alone according to Mr figures had an Invest invest- Investment ment t of more than In Cuban sugar mills as follows follow Cuban-American Cuban Sugar company n New Jersey corporation con con- controlling con can controlling trolling sax FIX Cuban Cubon corporations with total assets of ot more than 69 ti Manall Manatt Sugar Suir company a Ness Ne NewYork York Tork corporation Punta Alegro Sugar Suar company a Delaware corporation Sugar comp company ny a aI aNe aNew Ne New Jersey corporation 1280 I Cia Cla Andres Anres Gomez Mena a Cuban corporation owned b by Americans Am- Am Americans Am Americans 2 S United company comp a 0 Ne Ness i corpor corporation I I Miranda Mirandi Sugar company Cuban corporation owned by Americans 2072 4 3 I COMPANIES CO The Miranda Mirando company was as the theone theone theone one with which Mr loIr Rubino was ns connected officially at ot the th time o of his testimony His list of ot other American corporations with in invest investments est eat month ments In to Cuban sugar Includes also I American Sugar Refining company com com- comi company company i pany a New Jersey corporation 30 bythe bytho Hershey corporation owned by the tho Hershey corporation a Dela Dela- Delaware Delaware ware corporation Compania Campania Cuba a Cuban cor- cor corporation cor corporation owned by Americans Central Cuba Sugar corporation a New Jersey corporation 13 13 coo Atlantic Fruit company a 0 Del Del- Delaware Del Delaware aware corporation 15 HAVE VU mGr OUTPUT All AU told 48 41 owned American American corporations are ore Included In Mr Rubino's list but the tho foregoing companies ar are the largest in point ot of assets with th more than two two- two thirds third of or the total American In- In InS In Investment S estment vestment The 4 48 companies cited by Mr Rubino according to his hl state state- statement statement ment owned or controlled 4 4 acres of at Cuban sugar cane caneland caneland caneland land Tho output of at the 48 41 com j com companies panics panic in 1920 his hia report to the tho committee shows was as bags of ot sugar In the trade trado a bag o of sugar Bugar counts for about pounds Seven bags bans are aro ar figured to the tho long lone ton On the basis o of such tOI computation the American finan finan- financial financial financial such cial Interests in Cuba Cub Cub owned or controlled upwards o of 2000 long tons or about slightly half halt more ot o the tho entire crop SETS PRICE PlUCK TN IN U S established Bearing in mind the long lone practice under which Cuban sugar ugar laid down at New York flees the price o of both raw and refined I surer RUI r throughout the United States investigators tors tho the government governments s tors believe they have found a most Important bit o ot of evidence Should It establish nothing more It makes it clear at al least that American Am- Am Am American financial Interests are get get- ting getting tine not less thin than half halt of ot the th ex- ex excess ex-cesa ex cess case chug charged today tor for sigar oser o oserthe the normal market price nn no |
