Abstract

Editorial Paragraphs
July 10, 1929 issue

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To raise the existing full duty of two and two-tenths cents to the three cents of the House bill would increase the cost of landing sugar in the U.S. from Cuba by sixty-four hundredths of a cent per pound, and would probably raise the price of sugar by nearly that amount, increasing U.S.'s national sugar bill by something like $100,000,000. Somewhat less than half of this would go to the government and the rest would be a gift to the sugar growers in the insular possessions and to our domestic growers of cane and beets. An increase of duty would result in an increase in the supply of insular and high-cost domestic sugar.

See Also:

SUGAR; CENT; DUTY; SUGARCANE; FARMERS; CUBA
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