| Show A SUGAR FAMINE f fOT NOT OT U LI fLY A 1 e of r Thousand Tons In Hi Ii t h i iSn Supply Sn i WESTERN FACTORIES SUPPLIED Utah tock follows On the Heels of oh the He c Article There Is II a tt shortage in lii tho th worlds supply of sugar tind tho the price of at the re no relined reInol lined article Inns haa Wen fen steadily advancing ing log In ir all ni parts harts of oC the tho United States during the past several we wadis Us The he advance In Utah and other oilier western we tern ternI points has hu been 26 cents a n hundred I lo In tho tIne past 10 days dI Conserva Conservative I tive Uve dealers say Jay no one ono need be o sur sue priced Ih e It If It advances a n dollar a n hun hundred deed dred more moro b before fore the tho th next nut crop U is har liar harvested vested d Last Insl year Y ar nt this time retail purchasers era ers In Salt Bait Lake bought Lough their sugar at lt 16 pounds for tor a 1 dollar erG are Ir now paying a n dollar for tor 13 pounds Jobbers a it year ear ago sold Hold at nt 1590 per p r hundred I wholesale whole lo against 60 at itt the present time Ur The fhe sugar factories of the Iho stoat are congratulating themselves on the fuel fact Cac that the tho advance strikes them ther for tor tho the OrAl first time tre In years with wih a tt big supply of sugar on hand band hanl Their experience usually been the other way wu va tho the ad advance Ir adVance vance always coming In the tho fruit pre preserving preservIng serving aunt and canning season the sea season eu eulon son con lon when the Iho tin western sugar factories hud had just Juit reached tIne the end of their sup supply supply ply This Title year yen I with wih warehouses two thirds full ful of ot the crop of ot 1001 hits has already been sold MIl they thoy will willbe WIllbe 11 be In a position to reap rep the by b tho the worlds advance How Ilott serious the falling taing off of In tim tho Ihl worlds supply of ot sugar really Is II Is shown In tho the following figures taken from the last Issue of at The he American Sugar BIKar Industry and Beet Beci Sugar Ga Ott Gazette zette sot Ic THE S CHOP OF Cane Cre Heel leet Total Tonn Tone 1 2 10 l 02 3 39 m IncIdentally these figures show that there is II a 1 greater Increase In tim tho Ihl per pcr percentage which cane sugar contributes to tine the worlds sugar ngar crop than there thero Is U In mt that of ot beet sugar It I Is IB Interesting lo to know that the an annual nual consumption of at sugar HUgar In the world la is II over ten million milon tons tona and that tha the present Is the tho first time Ime time In years cara t that tho tim estimated world worlds s supply has hn run null rundown rundown down below tho the consumption con mark ark Equally J Interesting Is l fact tact that the Increase In the tine worlds consumption last mat year ear over the year prior was sae Wie close to tc tons toni and Ind that t each year sees ices a I corresponding Increase Those hoso best Informed on tine Iho local sugar au gar situation fire of the tho opinion that line tho Iho era of high hl h prices will vl not extend unto Inlo another year These Theo things al nl always always ways way correct themselves said laid one on haler dealer to a I News Newa representative A shortage In the Iho supply naturally forces torce up prices and end those thOM factories that hap happen happen pen to havo have a n supply on hand bOnd profit by it I An Ant Immediate Is that thai consumption falls tais off or or there thero Is II a t big Inrush of ot producers both cane cano and beet la to the Iho Odd Held which looks no BO profit profitable prof able and tint the next year ear there thero In is II an al In Inevitable evitable overproduction with wih n II conse coe consequent cons quent tall fall In prices It I Is one phase of tine the eternal law of ot supply and demand and no ono one can cnn alter nIter It ItA I ItA A local newspaper has attempted to tomake tomake tomake make n a 0 sensation out of at the tho advance In the price of at sugar claiming thAt the tho Increased price was Ivas In some mysterious my WilY way ay duo to lo tho the action of the tho sugar RUBI trust A local dealer who ho handles handlee a n great part of ot tine the sugar ugar that corns comes comes In Into Into Into to this thin market In speaking of at this matter to the News said Bald The price of at sugar Is l high just now because sugar Bugar threatens threaten to be bo scarce just an as al wheat corn cor and cotton jump In when tho the worlds crops aro arc short abort These Theeo Tese are aro questions too big for tor any trust to affect onto ono way or dip tho other High as n our prices rIces Are they are aro not In It U with the tho advances which have taken place elsewhere Take for tor In Instance instance stance MissourI river points where so much of Utah and Idaho sugar has hOR had had to be nold Bold In the tite past pact and will wi ill have to be b In the tho future A year ago sugar auger ugal sold laId there at nt MS P pr per r hundred now It Il Is l 61 an nn advance of QC per pounds MH MIt rm VIEWS Mr Me r T l n It Cutler Cuter general manager of oC the tho Utah URh and ald Idaho companies compates wail wn asked by the News for tor his hil opinion regarding the permanence of at present His reply was WR as OB follows No Noone ono one can say nay y how long IanI tho the present prices will 1 remain The rho best beet be t authorities agree that tha there thero la Is l iv n shortage of ot tons ions between the estimated e consumption this yeas year antI and the tho estimated supply on hand inand handI Jf It I thoM these figures are correct the tho short hort shortage shortage age will 11 be most moat keenly felt around the tho lest part of at October Octo bel before the now crop Is he I In Itt the market My Iy latest latet ad Rd advices advices vices from the best bell sugar sources lire that prices on raw sugar SUar on which of ot course all ni Iho the prices for refined ar are based ore aro higher In Europe Europ than In this tide country Kor Vor Instance price of o mw raw fI in New York Is I which Is 19 T o below the Iho price of at raw In II Kit hits I u rope freights non Mer l In New York ID is II 50 net and I the th natural parity purity which shoutS exist raw and refined li is I less lel than It has been ben for tor several ye years rs Utah prices however nr are not hot bused based on 11 Now New York quotations or thoy they woUld b higher than they are arp or Our prices are on San Francisco eo rotes rates plus ar freight as San Ban Fr Q comes comas In II competitIon with the Hawaiian sugar IUlar which naturally tends lo to keep prices lower hones be lire here thal the Iho otherwise Mr Ir Cutler Culer wn was asked what he to ay pay regarding the tIse often otten heard stat mate ment that the price pice of oC sugar luar hire here her ought to lo b be reduced In iti view of ot the proxImity of at various loUR sugar URr Ills Hia 11 reply was WIS People who m make k such n a I sl state statement l lm m ment n show how a poor por knowledge of at actual common sense conditions nina man manufacturer whether of ot sugar Hour flour woollen olen goods coot goods good or what whal whatnot whatnot not comes omel Into with wih the tue them I m markets rk ts 1 of ot tho the world We Wo do not It find any anny manufacturer of at any Rny line lne of at goods reducing his hll prIces below low th this natural level the tho va various n rious western weter sugar auger companies were w re reut I out ut t of or a 1 spirit of ot to say city we vt will I take 11 U 1 per lion hun hundred hUl i deed dred less lea for our sugar than the tho nr prie I 00 e factories What would be he the consequence W We would sup sip supply I ply the th local demand It Is 10 tru truM every eel pound we Iv have would then bo ho 1 I gobbled up at the cheap rate rte by out outI I std sidle states then Ihen with our nu sup supply supply ply out of at the way wn out oui would rush ruih In n a aneil supply I neil and sell lell their sugar In the field which w we IO had at their avin prices The Thu sugar u nr question is I otto ono of ot world worM worldwide wide dingo Wo ho 1 to compete compelo with the world In iii felling ceilIng our product Wih iI just ua us wo we do In buying buln our dur machinery our stead need oe and altO our supplies CO I ION STOCKS ADVANCE The stilt str prices prevailing for sugar have hall hail a 0 sensational effect on Oil 01 the Utah Ulah Sugar common stuck which for Cor some years past has hI oscillated between n UG and 3 inov moving lug ing up or down as na lS the tiso price of ot the i refined fined was WIS high or low fhe The common stock which has his never yet yot had hlll a n divi dividend hue has ha mesh been steadily advancing the tha past pact several weeks and amI moved front from fut 40 6 a I we week k ago ugo Igo to lo 5 and Ri this morning brokers broken bidding freely treelY but hunting hiding few sellers The Tho par value Is 10 per shines share |
