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Show SEVEN-CENT SUGAR HELDPROBABLE Wholesale Prices Reach ' Low Level at N. Y. NEW TORK. Feb. 2. Seven-cent surer for the table la a possibility, wholesale dealers here declared today. The approach to prewar prices followed fol-lowed wholesale reductions announced by tha Federal company, the American Surer Refining, Pennsylvania Surer Refining, Reverie and National companies. com-panies. The prices ranged from .J set by the Federal to .!5 announced by the Pennsylvania company. The causes for the reductions, eugar-men eugar-men said, were the same that brought prices down In other lines liquidation to meet Indebtedness, competition, surplus sur-plus and lack of buying power. Cuba cane sugar ran up to 2f.Zt cents per pound when Cuba's speculator specula-tor were at tha height of their actlv- ity. Yesterday It was quoted at ., tariff paid, for the ra w sugar. Cuba, wholesalers said, Is overstocked, over-stocked, and America haa a great surplus sur-plus of domestic sugars, cane and beet. |