Ogden Daily Standard | 1918-12-05 | Page 2 | Sugar Industry of This Country

n INDUSTRY OF THIS COW The sugar industry of this country promises to complete Its readjustment to after-lho-war conditions not only with comparatively little discomfort, but with actual decided relief. In a broad way, therefore, the outlook out-look for all cane sugar refining companies com-panies in 1910 is for a year of good profits, certainly a bolter year than in the 12 months to December 31 next. To begin with tho price oi sugar has been fixed so that the risk on inven tories has been eliminated. Furthermore, Further-more, the marketing of sugar under the auspices of the food control poo-ple poo-ple will be oi) the same basis as In 191S, a method releasing a very largo portion of the big $45,000,000 working capital which American Sugar has carried car-ried for tho last two years. This capital, cap-ital, which will not be required in carrying car-rying stocks of raw or refined sugar can continue to be profitably invested, in short time loans or other attractive I high Income producing securities. One of the favorable features of the entire sugnr refinery outlook for 1919 is the promise of a large export movement move-ment of refined sugar. Last fall the cane sugar refineries were deprived of an export market on refined sugar, but the exigencies of European demand de-mand are so great that thore is little doubt that in 1919 the American refiners re-finers of cane sugar will bo called upon to furnish 700,000 to SOO.000 tons at least of refined sugar. The effect of this, coupled with an active domestic market, would seem to be to assure capacity operation practically for all of 1919. Another favorable influence which will also bo felt next year will come from some relaxation in the rigors surrounding sur-rounding the marketing of sugar. Sugar Su-gar has been rightly regarded as the most ultra regulated food product in the world. The entire psychology of the sugar situation, with the ending of the war has been changed and it is morally certain that the refiners will be freed from any burdensome restrictions re-strictions and red tape in the manufacture manu-facture and sale of their product next year. Another helpful factor will be the easing up in the supply of labor. The sugar refining business employs in the