Show SUGAR HAS GONE DOWN Jobbers Caught With Heavy Stocks in the Warcrtjoms Contrary to all expectations based upon the reports from the eastern and western commercial centers sugar has taken a downward course and now registers a slump of 14 of 3 cent or 25 cents per hundred ponds I is anticipated that the bottom has been reached however and the jobbers are hoping that the anticipation will prove prophetic this time for they have been caught in the pinch with heavy stocks of sugar purchased pur-chased on a rising market The jobbers job-bers cash price on sugar is now 610 while the retail quotation is 625 Just what is the reason for the fall is unknown the reports received from the west on the subject being very brief The statement is made however how-ever that the indications are that there will not be an early rise in the price of the refined article Should the present price continue long it will be a great disappointment to the Utah Sugar company whose plant will commence com-mence the manufacture of sugar within with-in the next fifteen days |