Salt Lake Tribune | 1896-01-04 | Page 3 | Sugar Bounding Upward

SUGAR BOUNDING RD the war in cubit cuba rapidly reducing the supply chicago jar jan 3 A local paper says the effect of 0 in the sugar bugar eans cane holds fields of cuba ty the insurgents has readied reached this macket with greater force than that noted last week end and sugar Is on the upturn the net advance tills this week weck has been lac ic the wholesale csala esala price of granulated being bac conservative dealers are predicting a further advance ot of fully Y c and others look for an upturn of a cent the latest news on the street Is that the cubin cuban crop la Is rapidly passing out in smoke best information from the central producing localities states that there Is rem remaining minIng only 15 per cent of the crop early in the crop acar car the was at tons later estimates reduced it to tons long afterwards to tons and tile latest dispatches to wholesale grocers make the cuban crop only tons in view of the fact that the european beet sugar outlook js Is poor ou on all sides there Is preparation for higher sugar suar prices it Is 18 a time of the year when retailers stocks have run low arid and they are rushing into the market rufth alth orders jobbers jobbery are bu ing ine everything they can lay their hands on refineries havo have been compelled to shut on off large speculative orders and can sear ecly keep paco pace with ahat ahal appears to be legitimate consumption demand the london market Is active and advancing van cing and the raw product the over Is in big demand the louisiana planters are holding back supplies expecting higher prices