Show SUGAR SKYROCKETS FROM 16 CENTS TO 28 FOR ONE POUND Seaboard Basis Goes Up and ana Prices on Local Market Mirk t E Follow Ellov Sugar took a Jump from 16 cents to 28 cents yesterday on tho the Salt Lake and Ogden markets following a wire from San ln Francisco which quoted the price of sugar on a coast basis at 2275 per hundredweight which would make mako It 2490 to local Jobbers and 28 cents a pound to consumers here herc cane and beet sugar being on the samo basis A A. wire from Chicago quotes tho the jobbing price there at t 35 cents which puts the thc price to consumers consumers consumers con con- con con- sumers there at ne nearly 40 cents Officials ls of or the tho Utah-Idaho Utah Sugar company compan said they had released enough to guarantee tho the usual allotments allotments allot allot- ments to Jobbers In this territory and were cre In no wa way responsible for Cor the manipulation of prices over the tho countr coun coun- tr try With the tho government holding down the producers to a fixed price the they said and the latter unable to exercIse exercise ex ex- the re- re supervision over 11 any I th u u u lator as soon as prices In eastern markets mar mar- started going up Utah speculators began to load up with sugar and with 30 to cents obtaining in Chicago and 32 J cents In New rew Orleans all ll tho the hoarded sugar was thrown on the eastern market market mar mar- ket at prices Immense Imm nse returns being tho the immediate result I S la i 0 G Ge rt t n It n was also stated at the sugar offic office of ot- fic fice that more sugar had been Bold sold Inthis in inthis inthis this territory in the last three months than ever before beCore and nd yet et It seemed scorned to have haYe practically practical disappeared The answer is that It had been grabbed up middlemen and b by speculators and shipped out of the tho territory sugar producers producers producers pro pro- sa say Now Nov oW th that tt It Is gone hone enough will have to be shipped back to satisfy local n necessities Ix Local cal bakers predict a no arise arise norise rise In prices of or their goods d due to the Jump In sugar Bugar As the federal fair Calr price commIssion commission commIs- commIs sion understands the tho Lever Leer act said James W. W Funk federal fair tair price commissioner for Utah profiteering In any ny of or the necessities sites o of life lire consists in taking a large profit proUt on the actual co costIn cost stIn st st. In Justice to the thc sugar factories lt It should bould be bo pointed out that the Lover lAver act oct according according- to this Interpretation does not take tako account of or wide fluctuations fluctuations in market conditions And In InJustice injustice Justice to tho the sugar company It may maybo bo bc said that It Is IB experiencing the hardship of working against market conditions Where here It Went rot should remember that until the present thc they have e been obtaining their sugar r at a n price 8 to 9 cents less than the actual market all around with the except exception on of or Colorado I This meant that other markets were coming cominS' into Utah and obtaining supplies supplies sup sup- of ot sugar at retail and shipp shipping Ins I f. f plies S u SS f v on ft l ou oui to wi Ul iv D. D v u i which in tho the usual this state of sugar augar course of or events would be consumed here This was a class of or trade which It was difficult to regulate Outsiders were making money mone out of or It and to took the sugar tho the extent that the they thoy of Utah were not the tho people away of ot their supply bene benefited Cited because depleted to that ox- ox sugar was as being tent of the tho amount At the same time so taken out of ot the state while sugar not worked a n. hardship here was It the tho large largo enough to cut any figure on nations nation's sugar market The resident of or the east did not get set his sugar an any that account l From rom this cheaper on therefore outsiders ere were of ot view point making money out of Utah sugar that been made mado by well have I ml might ht Just as Utahn S I. I f r. r does dOCS ui Ul i n Thai mat point the provisions pro 1 account take tako into not of or the Lever Leor act The situation has Seen been reported to the proper officials als of or Justice for such of ot the department take I Lit fit to see sec action as ns the they may under er the How It Worked manufacturers manufacturers' price of or 2275 I With a seaboard base It Is sack for sugar Bugar a that pointed out at Mr ir Funks Funk office to the Utah wholesaler whole whole- this means a cost Bale saler r or Jobber of or 2343 a 1 sack cle at I ISalt I Salt Lake or 01 or O Ogden den Prices at other vary with tho the freight rate on I points carload lots Francisco I sugar from San Sara Tho statement continues I commission The TIle federal fair Calr price i for Utah fixed a margin marg-In of 5 51 per cent centor of or his selling as a fair marp margin ln n nto to the tho Jobber when the price was 1 51 13 a sack of pounds seaboard base hase Until further urther action b by th the commission commission commis commis- margin will stand Allowing AllowIng Allow Allow- sion slon that ing lag 73 3 cents for freight such a a. Jobbers Jobbers' selling Bellino permit a ln In would gin price of or 2493 The Jobber In other I words would be he handling handling- handling the tho su sugar augar ar aron t margin of or 37 a sack as against on a un I. I n t f 7 O nt Q R sack I PL I s the former r mars J. J bill n r of the tho fair air price The Themo same imo ruling tho the retailer a a. commission comm permitted cent maximum on his margin of or 10 per price price If H sugar is 13 laid down downIn f In n h his 1 8 store at 2485 this would permit permit per per- mit him to sell at a maximum which was held to Include tho the cost of or breaking breakIng breaking break break- small lots sack up Into ing the thc sugar ar of the tho Some of or 2760 cents a pound retailers said yesterday that the price pound seemed to be the of 27 71 n cents a most practicable under such a ruling With Jobbers Jobbers' price of or this would permit him to sell sIl sugar ngar on a margin mar mar- gin crin of a n sack R. as a against tho the cent 16 the tho obtained under ho he price In view of or the tho present shortage e of supply It H Is recognized that tho the re retailer re- re taller I Io at some Bomo Increased 1 cost In telling selling Sugar Suar was selling yesterday In two two-poun two pound lots In some somo of or t Ve e tores It I Is declared to be he extremely doubtful doubtful doubt doubt- ful rul that an any retailer was waN able ahle to ob obtain oh- oh tam tain fifty such parcels out of or ora a poune pound sack of or sugar Mor Mors of or tho the clerks clerk's time Is taken up In distributing ing the sugar in Sn small l Iss ts and there Continued ed on Follo ig rae Pigs SUGAR SKYROCKETS I UN ON LOCAL MARKETS Continued From Preceding Page PaJe is also a certain Increased cost In tn tho too sacks th themselves Due Dae to Speculation According to the sugar manufacturers ers the In Increased price Is entirely due to tho the fact that many persons through the western states where there has haa been a n. low price for sugar have haYe engaged engaged en en- I en-I In tn sugar speculation The companies companies com com- panics they state have sold sugar at It 1070 and 1373 1373 seaboard base to the Jobbers who have havo maintained a a. low margin In sales to retailers However However However How How- ever speculators have hae purchased d sugar from the Jobbers and from retailers retailer buying up all tho the product they could possibly secure and shipping it cast east where higher prices could be be- secured The result has has' been that the sugar supply for Utah Idaho and Colorado rapidly has been b en decreasing The Tho new price somewhat equalizes the difference difference difference differ differ- ence between eastern and Intermountain tain markets though it Ills is not advanced even in proportion to the present eastern east east- eastern I elst-I ern rn figure |