Synopses & Reviews
Synopsis
Excerpt from Sugar Cane and Beet: An Object Lesson
The diagram in the Appendix is merely intended to indicate that variation in visible supplies is the cause of variations in price. It is not put there for statistical purposes, but it does, incidentally, illustrate what happened at a very critical period in the history of sugar, namely, that the abolition of the bounties, in 1903, had no effect on the price of sugar, which remained rather below the cost of production, except when, in 1904, a bad beetroot crop, which deprived consumers of tons of sugar, sent prices up for a few months, until a good crop, in 1905, sent them down again below cost of production.
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