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UTTERA
S C R IP T A

FEDERAL

REGISTER

VOLUME 13

NUMBER 30

Washington, Thursday, February 12, 1948
TITLE 7 AGRICULTURE
Chapter VIII Production and Mar1 keting Administration S u g a r Branch P art 802S ugar D eterminations FAIR AND REASONABLE PRICES FOR 1 9 4 7 CROP
OF LOUISIANA SUGARCANE

Pursuant to the authority contained in the Determination of Pair and Reason able Prices for the 1947 Crop of Louisiana Sugarcane 802.22s, 12 P. R .7048, it is hereby found that, because of inadequate volume of sales and quantities of sugar sold, the weekly average prices for 96
raw sugar quoted by the Louisiana Sugar and Rice Exchange and the Cane Prod ucts Trade Association Exchange for the weeks ending January 8, January 15, Jan uary 22, and January 29,1948, do not re flect the true market value of suh sugar for such periods. Further, it is hereby found that the prices established under the pricirig formula of the contracts be tween Commodity Credit Corporation and continental refiners of cane sugar re flect the true market value of sugar for such periods. Therefore, the weekly av erage price reported under such con tracts, and the seasonal average price as based on such weekly average prices, are hereby designated to be effective under such determination as follows:
a For the week ending January 8, 1948, 6.32 cents per pound;
b For the week ending January 15, 1948,5.79 cents per pound;
c For the week ending January 22, 1948, 5.62 cents per pound;
d For the week ending January 29, 1948,5.62 cents per pound; and e Seasonal average price, 6.206 cents Per pound.
Statement of bases and considerations.
Paragrkph a of the Determination of Fair and Reasonable Prices for 1947 Crop of Louisiana Sugarcane S. D. 259, is sued October 24, 1947 12 F. R. 7048, Provides that the average price per pound of 96 raw sugar, duty paid basis, shall be determined in accordance with which ever of the following options is agreed upon: 1 The average of the weekly quotations of 96 raw sugar, duty paid
basis, on the Louisiana Sugar and Rice Exchange and the Cane Products Trade Association Exchange for the week in which such sugarcane is delivered; or 2
the simple average of the weekly quota tions of 96 raw sugar, duty paid basis, on such Exchanges for the weeks from Friday, October 3, 1947, to January 30, 1948, except that if the Director of the Sugar Branch finds for any week or weeks such weekly averages do not re flect the true market value of sugar, because of inadequate volume or other factors, the Director may designate the weekly and seasonal prices to be effective under this determination .
Quotations of the Louisiana Sugar and Rice Exchange and the Cane Products Trade Association Exchange for all weeks up to the week ending January 1, 1948, have been 6.32 cents per pound the raw sugar quoted price of Commodity Credit Corporation. On January 7, 1948, one sale of 3,500 bags of 1947 crop Louisiana raw sugar was made at 5.67 cents per pound. This sale was used by such Ex changes in arriving at an average price Oi 6.06 cents per pound for the week end ing January 8, 1948. Because the rules of these Exchanges provide that the last previous quotable sale will be quoted each subsequent day until a further sale is made, the daily prices since January 7, 1948, have continued to be quoted at 5.67
cents per pound, thus establishing weekly average prices of 5.67 cents per pound for the weeks ending January 15, 22, and 29, 1948. The sale of 3,500 bags of 1947
crop Louisiana raw sugar does not con stitute sales of adequate volume on which to base a change in the price of raw sugar and, consequently, does not reflect the true market value of sugar.
The weekly and seasonal average prices of raw sugar designated herein result from the pricing formula prescribed in the contracts between Commodity Credit Corporation and continental refiners of cane sugar. Such formula is so designed that the daily price resulting therefrom reflects the current value of sales of raw sugar of 5,000 short tons or more. Prior to January 12, 1948, no such sales had been .reported which would change ComContinued on next page
CONTENTS
Agriculture Department
Proposed rule making:
Milk handling, Fort Wayne, Ind., area______________
Rules and regulations :
Sugar; prices for 1947 crop of Louisiana sugarcane_________

Page
634
631

Alin Property, Office of
Notices :
Vesting orders, etc, :
Consolidated Amusement Co., Ltd. 2 documents___ 645,649
Dellith, Theodor, and Joachim 646
Schlinker._______________
Donnini, Adelma____ _____
647
Hepp, Susette___ ___ ______ / 646
Hertzberg, Emmy Carlotta___
647
647
Hesse, Paulina__________
Kratzert, Emil__ __________
647
Langstein, Elizabeth_______
648
Mayer, Carolina_______
648
Nagaoka, Kimiko__________
648
Nakai, Kosumi____________
649
Osako, Seikichi____________
649
Pralle, Heinz Ulrich_______
649
Prouza, Annie_________
650
Pulfrich, Auguste Henriette 650
Coast Guard Notices:
Approval of equipment_______
636
Federal Housing Administration Rules and regulations:
General; organization and func tions 2 documents. ___ 633, 634
Fédéral Trde Commission Notices:
Mid-West Novelty Co.; hearing639
Rules and regulations:
Cease and desist order; A. P. W.
Paper Co., Inc________ ____ . 632
Home Loan Bank Board
Rules and regulations:
Delegations of authority; ap proval of amendments to Charter K by Federal savings and loan associations Corr..

633

Indian Affairs, Office of
Rules and regulations:
San Carlos Project, Arizona;
operation and maintenance charges___________________
631

634