Salt Lake Herald | 1901-12-04 | Page 5 | Advance in Sugar

ADVANCE ADv ANCE IN SUGAR I Yeans Means Sixty SIx Thousand Dollars J to the i Utah Company Sugar men were denying deaIn yesterday T Uh md emphasis the he statement made nade to the effect that they had sold BOld many carloads ear of sugar Monday fere fore fereno forenoon noon no n before etore they hey learned officially of the 00 cents advance in Ute the price It ItIs Itis ItIs Is tru true that no official o cial of the jump was received by most molt of at I je dealers dealer till 1 on In Monday and it is ill true also ao that many orders were booked during the forenoon But most of these the orders were ere turned down It was said td that orders for forty fortt carloads of jugar were turned down Monday i afternoon by iy the local representatives of f the Uta sugar lugar companies No other reason could be assigned for the th big jump in the ther r C of sugar except x pt the assurance that seems to have got ot out among au su sugar augar augar gar men that congress would make mak no DO chang change in the Ute sugar duties It is ill esti estimated estimated estimated mated that the Utah Sugar SU r company pany had h 4 to pounds unsold when the advance was made de on Os Monday mornIn morn mornin 1 in As M it t a the price promptly to meet the price axed fixed by the trust it means mean ait au additional profit to the local company f d The Ogden and anet Logan companies will profit in like Uke proportion The stock of the Utah Sugar company jumped up as a result re f the increase in the price of sugar from 1435 to 1485 and there was wasP h none to be had at that price Mr Geoghegan who handles han les the out output 1 put Jut Ut of the Lehi Lehl factory was wu asked i ihy why rhy hy his company advanced the price i of or sugu augu just as soon as the trust an ap announced oune an advance Our people vere ere I losing money selling at t the old prices 1 I he be said sald and this advance gives gires Yes them theman t an opportunity to make c a little profit j