OCR Text |
Show MICE. II SUGAR PR!CEAUJHDRIZED Increase of 10 Cents Per 100 Pounds Effective Monday Morning. A further advance in the base price of sugar of 10 cents per hundred pounds is authorized to be made by the producer, beginning at 8 o'clock tomorrow morning. This will make the new base price of sugar $7.45 per hundred pounds. It is stated that this advance by the producer should not be followed by an advance to the consumer, but whether or not. the retailer will add 10 cents to his price remains to be seen when the new base price, becomes effectivo Monday Mon-day morning. The advance announced yesterday was authorized by the food administration adminis-tration sugar distributing committee and was to adjust sugar conditions because be-cause of the advent upon the eastern market of the first shipments of Cuban Cu-ban cane sugar. Some time ago, when tho Cuban crop price was fixed, the food administration, administra-tion, through the sugar distributing committee, authorized au advance of 10 cents per hundred by the producer in the price of sugar, thus raising the base price from $7.25 to $7.35 per huntLred" pounds. Tt was announced then that iu all probability when the Cuban sugar reached this countrv there would be a further advance in the base price of beet sugar of 10 cents per hundred, and true to the prediction made then, the advance is now authorized author-ized iu telegrams received here yesterday yes-terday by the Vlah-ldaho Sugar companv com-panv and the People's Sugar company. Merrill Nibley, assistant to the general gen-eral manager of the Ftah-fdaho Sugar company, and S. II. Love, sugar sales manager for tho same company, and member of the sugar distributing com.-mittee, com.-mittee, both left yesterday for the east to .take up matters with the sugar distributing dis-tributing committee at its regular monthly meeting in Chicago. |