Evening Republican, Volume 21, Number 303, Rensselaer, Jasper County, 28 December 1917 — U. S. To Buy 3,600,000 Pounds Of Sugar From Cuba [ARTICLE]

U. S. To Buy 3,600,000 Pounds Of Sugar From Cuba

Negotiations for the purchase of a large part of the Cuban sugar crop, now being harvested and amounting to an estimated 3,600,000 tons for the use of the United States and its allies have been virtually completed by the international committee and the Cuban committee appointed'by President Menocal of Cuba, it was announced at New York yesterday. The price was said to be $4.60 a hundred pounds, f. o. b. Cuba. The formalities of the agreement it was said after a joint session of the two committees yesterday, will be completed within 10 days or two weeks on the return to New York of Sir Joseph White-Todd and J. Ramsey Drake, the British members of the international committee. They have been making a tour of the Cuban sugar fields as a result of the negotiations which were started some time ago. Meanwhile, it was announced, Cuban producers will make every effort to forward their new crop of sugar as fast as ships can be obtained. The stringency will also be further relived, it was stated, by the release for domestic consumption of 4,000 tons of sugar for Swed : ish shipment, which is held at the port of New York.