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Show . I Sygar Is Settling 0 . , : , a. VF THE many spectacular advances and de-dines de-dines in commodity prices resulting from conditions arising during the World war and the period of readjustment, the height of which was not reached until the last half of 1521, raw sugar offered the most picturesque and even dramatic dra-matic example. For many years preceding the! World war sugar, based on a world price centered cen-tered on Hamburg, varied very little from 2 cents a pound in New York for the Cuban raw product. The almost perpendicular jump in the price of Cuban raws to 24 cents is a matter of history, as also are the drops, in rapid succession, until the extreme low of I i cents was reached. This pniiit wat fcahi;J J winy Hid laile-r pef ,f 0 a fr and it marked the darkest days in the history of the sugar industry. From the low of t Yx cents, the price during the past few months has been increasing, until it is now about 3i cents, and it is now generally gener-ally conceded that tlie sugar Industry has undergone under-gone the settling down process experienced by many other industries, and that from now on it will rest upon a substantia! basis, affected only by the normal law of supply and demand. That this law is functioning now is indicated by the j gradual increase in the price of raw sugar from I the extreme low to a point above the prewar high, and which is accounted for by the fact that the consumption in the United States has grown until it is now the greatest in the history of the country. Inuring the first half of 1922 this consumption was at thcrate of 5.5o,ooo tons annually. This principally accounts for the fact that, instead of a surplus of approximately 1,200,000 tons last year, there will not be more than 3oo,ooo left over this yea rJorJ 9 2 consumption. These facts and figures should be of Interest to residents of Utah, where th? beet sugar industry Is of such great and growing importance. |