[Letter from R. F. Kruger to Imperial Sugar Company Brokers, August 17, 1953] Page: 1 of 2
This letter is part of the collection entitled: Harris and Eliza Kempner and was provided to The Portal to Texas History by the Rosenberg Library.
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IMPERIAL SUGAR COMPANY
SUGAR LAND, TEXAS
August 17D 1953
05n lsmen
Mr Herman die, Vit. Presid nt GRaw Sugaro9 has written fr rw York under
ate of augt 14 as foows:
"This report was 1aat written on. July 31st At that tir aw sellers wre a k=
in 60404 and rfinrer w re willing to pay 6-5% Sing te h a n outhern refitr
paid various prices ranging betwon 638 and 642 and nrhrn refiners be-
tween 6.38 and 6.40$. For the past week thea has been little d.sire to trade
by either aide Mot seller asked 6.45 but ome would ha shad to 6.4O$
oven though not offering at that pri-e. That is the w.y it s d at the cloe
while some refiners gt be will to pay 6.38 othra ar no better than 635.
"After the market loe'd on Augnst 7th Washington reaLlos tod 100000 tona of te
Dmeti Bat quota to Cuba, Puerto RI o, Hawaii ,Virgin 1 Ianda d thn Mainlazd
Can area but ano the action was oxpectd at ag of th game it had no
market ffect0
"Ditridion for th ek andig Aguat 8th was 'r disappo ting it being
159,433 tone gain t 202,713 tona for the woek rnd nAugust 1It and 181,053
tons during te correspondIng weak lst year Cuulati figures a 4,9,183
and 5,053,577 toe for 3953 and 1952 r psotire y.
months ago the Depar tment of Artculture stated tha t in view of the ;e cted
substantial carryovor into 1954 of currant crop inl d Can sugar it would i-
pose proportionate ar age aharas to growers of the 5954 crop. This ek it an-
nounced the formula under which that crop woIl be diridad0 It est the overall
aerge at 320000 which is t7.8 s than the eatiated 34,"0 acres on whilh
the currant crop is being produced.
"The International Sugar Conference which has been meeting behind closed doors in
London sine July 13th appear to be coming to a cloee An As ociatd Pres des'
patch this morning states that a dciion has been reached to expand the hoped
for 5,000,000 ton export ,i:.it to et pressure by indiidua producer for larger
quotas than tentatively assigned The despatch states that the expanded fi r ei
5,350,000 ton although it speaks of it as being only tentatie S trade 5oure
feel it will even be higher0"
Cordially ra,
Assistant Sal Kfr
FRTRA FINE
RANLATEOD
St
I Nt ii l 6 OQ C .6-53 5M 64312
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Kruger, R. F. [Letter from R. F. Kruger to Imperial Sugar Company Brokers, August 17, 1953], letter, August 17, 1953; (https://texashistory.unt.edu/ark:/67531/metapth1058976/m1/1/: accessed March 28, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Rosenberg Library.