| Show LOW HIGH RUBBER the richfield nich field reaper by frank P litschert said the new york anns recently raw ran sugar sold at two cents a pound cuban basis on tuesday and yesterday yeste iday the lowest price since january 1922 some people in the trade look for 1 3 4 cent sugar exclusive of duty before long because of the inability of the normal demind to absorb the abundance of rm raw sugar one hear much nowadays about the several sevell hundred million dol lars a 3 vear car the sugar tariff was going to cost the american consumer with present prices of refined sugar rugar at 4 01 0 cents per pound not net cash free traders trader cannot extract much sweetness from the figures it is an odd coincidence that on the same of the times was a story to the effect that rubber prices hall had again risen and were nere in the neighborhood of a dollar a pound so here we e have hae the situation protected ugar sugar is selling at the onet lowest price in three deais and free lubber is going at the highest bigby t price since ince the war da days q what is the anmer an answers mer well in the faist place there is a big supply of sugar rugar anti and it is so a big because the american beet sugar growers have hanc rai raised ed a large crop in competition with the cuban cane sugar crop and thel have hae been able to do this because the tariff protected them rubber is high because the antish in interests control the output and fix then own on prices b bi curtailing the supply we cannot raise raie rubber in the united states state and furnish no competition to the british if we me had a rubber crop of our own to su supply P ply knien american can automobile manufacturers rubber prices would now novi be lower loner and e would not be paving so much for our automobile tires if there were kere no american ugar sugar crop the cuban sugar owners could could do to the sugar prices price buhat the british rubber growers ilac hac done to rubber prices and on the other hand when nhen mr Firc rire stone get gets his big rubber plantations plantation going in liberia lie he will ill do to british rubber prices the american sugar has helped to do to cuban sugar prices so there you are of course prices generally respond to the laws of supply and demand and these cannot be repealed or amended but the sugar tand has helped by increasing inc iacre the supply supple through the beet sugar growers unable to grov grou rubber in america 1 we ne hae had bad to depend on foreign rubber with the result thit we are now non in i a time of abundance pa ing war nar time I 1 prices for automobile tires tire |
