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Show REAP PROFITS I BY SHIPMENT I TO EASTSTATES I Grocers Offered Large Sums for Sale of Stocks They APRIL ALLOTMENT NEAR EXHAUSTION Cuban Crop Held Dominating -H Factor in Problem Facing United States :H With Ogden paying 24 cents a 11 pound for cane sugar yesterday with 11 no beet sugar to be had because it 11 has been bought up by speculators. 91 attention was called to tho serious-ncss serious-ncss of the situation by grocers and 91 sugar company officials. ffl Reasons why beet sugar is high priced and scarce were sot forth by a local grocer today. He said that per-sons per-sons from the east were in the mar-1 mar-1 ket for local sugar with apparently jH inexhaustible capital behind them. ! The sugar, which is distributed to re- tailers as a portion of Utah's allot- mcnt is purchased by men of this I typo, lie averred, and they ship the sugar to eastern markets whe.ro . it bl-ings from five to eleven cents more j per pound than it does locally. ! Serious Condition. i ll E. Sebbclov, superintendent of tho I I Ogden district of tho Amalgamated I Sugar companj , . when asked., regard- H ing conditions, stated that it waa jfl known' by sugar company . .officials H that speculation had existed since ill last SeptenibeV. He,, said that while JH tho speculation ' in sugar was being i icarrl6jdtout'-at; ihe -expense''- o'f-Tottn' i H consumers, he could cito no specific H cases Tn which' It' hud occurred. " ' H A Greek restaurant .man Is alleged j H to havo purchased $10,000 worth of I JH sugar recently, which wa3 shipped, to 1H eastern markets. The town of Bing- H ham, with a small population, had its ;H sugar supply depleted by two carloads by sugar speculators last week, it is declared. -H l It is reported that a number of local 'H r merchants have been offering sugar ul for sale without inquiring whither it rJI was bound. Thousands of dollars in nH profits have been reaped through this fill j practice. It was slated. Mr. Sebbelov III said that it was to curtail this pra- III lice that a strict sugar allotment was ill placed in effect. Last week a local merchant was ap- H proached by a speculator who offered 5 IB S100 for five sacks of beet sugar, the ' a sugar wholesaling approxtriiately at ! II $la per sack at the time. (jttl Sugar Is Going. f Sfl i It is alleged that because of the Ml prevalence of this practice that Utah 191 ditizens are being .ITe'reft of a portion WW J of their sugar allotment and that be fjS ; cause sugar is being removed in (man- .1 titles that tho prices are soaring m pB local markets and causing severe, II! shortage. " J Sugar company oficials have re $ ported that the present scarcity of sugar is resulting only because the j April allotment has been cxnaiisteu. More sugar will bo placed on tho mar- ' ' I ket during the coming1 month, it was stated. The local grocer who charged spec- ulators with taking a portion of the Utah sugar allotment, stated that he had received orders for sugar from places as far east as Connecticut. , Tliero is a seriuus shortage of sugar : in the east, he stated, and sugar can ' bo sold at a mighty attractive profit. It is the fact that tho margin of profits prof-its is so attractive that causes eastern ' I men to attempt to purchase sugar even in small iiuantities, it was stated, i Atlracts Speculators. ' i "Utah, as a sugar producing center, is attracting sugar speculators both of the, tin-horn and the big-linm type," he said. "If local dealers con- v tlnuo to sell indiscriminately to an"yl I one who flashes a large enough roll? 1 of money, Utahns face prospects ot m going sugarless," he stated. M Tho unanimous opinion of those who know most about tho sugar in- , dustry is that tho Cuban crop Is the i m dominating factor in the situation of ' this country. This year tho crop of 79 Cuba was estimated to yield 3,700,000 , Iff tons and of this output 3,000,000 , Hgl are already sold outside the United i H States, which leaves this country face I Kg, to face with an alarming shortage. HI Germany, which supplied this couu- IB try with vast quantities of boot sugar I Hj beforo the war, has been so terribly crippled that littlo relief can bo ox-pectcd ox-pectcd from that quarter. Ml "Even with the most conservative methods adopted and used by all the people, the shortage hero will bo fieri- ous during tho summer months of this year," said S. M. Edgell, vice presi- dent and general manager of tho Amalgamated company, j'estorday. |