Salt Lake Telegram | 1941-08-22 | Page 21 | Sugar Trading Will Resume

SUGAR TRADING WILL RESUME NEW YORK Aug 22 P The JP The New York Coffee and Sugar exchange exchange exchange ex ex- exi ex- i change Friday announced that I trading in domestic sugar futures suspended since a federal price ceiling of cents a pound was set would be resumed next Mon S day Transactions were halted August August August Au Au- r gust 14 just 48 hours after Price Administrator Leon Henderson announced announced an an- flounced the maximum to protect the Ameri American an public from rampant rampant rampant ram ram- pant speculation in sugar which h hhas has has been pushing prices price's far above levels justified by large supplies in hand At the time domestic contracts covering sugar for consumption in the United States were States were selling about third one-third of a cent a pound above the ceiling price Trade continued in world contract contract contract con con- tract sugar that distributed in foreign markets In announcing reopening of the domestic futures the exchange officials officials officials of of- said the office of price administration administration ad ad- ministration and civilian supply had asked it to say any transaction transaction transaction trans trans- action in excess of the ceiling would be regarded as a violation of f its order