Show PRICE DROP PER AGIN UTAH CUl MAO 8 BY TA COMPANY Decrease Is Announced Following Reduction by Markets on Coast Speculators Nipped D DROP ROP of per bag for forsu su sugar or was today by the Utah Idaho Sugar company This action was was taken following advices ad vic I from California that sugar ar had hadI I declined to a twenty cent basis bast and the beet sugar producers of or California arc preparing to en enter enter enter en- en ter the market with their new ne' stock which It Is believed will vill b be offered to the tho trade at the tho usual usua differential al below cane prices Two Drops Since May 1 This drop added to former declines de dp- dines clines of at two fifty cent reductions aggregates 2 made bv hy bythe tho the Utah-Idaho Utah Sugar company since May 1 when they decided to advance their price to th th market price prevailing In San Francisco and as os a result th the retail rotan price of or sugar advanced to the high point of ot 28 per ha bug bas Today's redu reduction should bring the price down to 2 24 21 retail or ora ora orn a n reduction In the retail price of oC 4 per bag since May 1 1 Foreign Sugar say gay the recent de declines de- de dines clines in sugar Indicate that supPlies supplies sup sup- UI plies from China Formosa Japan and Java are reaching our shor I in good sized quantities and andI I while these susan sugars are not up lo to standard they are arc saleable to th the manufacturing trade hade and hath ha havo th their lr effect on the market price of ot the high grade refined product I It Is understood that speculators speculator have been heen bitten by th these theo o reductions due to the fact tad that the they purchased heavily at fit r ranging around 25 cents to 30 cents believing the tho market would continue high while tho the canning canning- season was on |