Salt Lake Telegram | 1934-08-07 | Page 1 | Raw Sugar Futures Reach 2-Cent Level

RAW SUGAR FUTURES REACH CENT 2 LEVEL Industry Welcomes Advance in Stabilization Move NEW YORK Aug 7 P f Raw A Raw sug sugar r futures sold today at the cent 2 a pound level for lor the first time since April 1930 Sales of the August 1935 1035 contract were made at that fig figure lire ure shortly after the markets market's open open- open jag inc The cent 2 price is fj before payment pay pay- meat ment of t the duty of ot approximately 87 cents 5 i Prices were only slightly above the levels of ol Monday but the trade regarded regarded regarded re re- re- re the establishment of ot a cent 2 market as significant in iii view of the hopes entertained t months ago ao that the various steps taken to stabilize the industry would lift values to that thai level Ie The record low price for raw sugar futures wa was a shade above cent a pound in May 1032