Salt Lake Telegram | 1946-12-27 | Page 1 | Anderson Alleges Brokers Try to Corner Sugar

Anderson Alleges Brokers Try To Corner Sugar WASHINGTON, Dec. 27 (UP) Secy, of Agriculture Clinton P. Anderson charged Friday that a group of New York sugar brokers is attempting to corner world sugar supplies. They "itch" to get their fingers into a swirling upward spiral of sugar prices," Anderson said. Anderson made his statement, naming the National Sugar Brokers Brok-ers Assn., In a letter to Sen. Carl A. Hatch (D., N. M.). He said a statement made by the association that the sugar trade is being ignored in government govern-ment decisions was "a complete and thoroughgoing He." Anderson said that the group of brokers, principally In New York, has launched a propaganda campaign cam-paign to remove all controls from sugar. American purchasing power then could be turned loose in world markets to buy up all possible supplies regardless of prices. Sugar authorities have told him, Anderson said, that removal of government controls would send prices rocketing to more than 50c a pound, at least for a brief period.