OCR Text |
Show THE SUGAR PRICE. The action of Attorney General Palmer in notifying beet sugar companies com-panies that they are expected to sell their product at ten cents a pound, seaboard basis, might be made the occasion of several interesting legal questions. That an individual sugar producer could be convicted of profiteering prof-iteering for selling his output at ai price above ten cents a pound, unless it could be shown that he was merely making an excessive profit on his investment, in-vestment, is certainly open to question. ques-tion. Some companies, on account of short crop and high operating costs, will "make little or no profit on the ten cent price. The price stipulated by Depart-of Depart-of justice is exactly the price previously previ-ously established by voluntary action of leading sugar companies. The fi ct that sugar was put on sale before factories had fairly started on their slicing campaigns, that shipment was promised at the earliest possible moment and that the basic price voluntarily established establish-ed was two to five cents a pound less 1 linn might readily have been obtained ob-tained affords practical evidence of desire of beet sugar companies to place their product in hands of consumers con-sumers at a thoroughly reasonable price. |