OCR Text |
Show West Now Makes Own Sugar Price As a result of the great increase in the production and refining of sugar sug-ar west of the Mississippi durng recent re-cent years, says Facts About Sugar, the trade journal of the sugar industry, indus-try, the western states no longer depend de-pend upon New York to determine the price at which sugar shall sell in theirt section but make their own price during the season when beet sugar production is at its height. As soon as this year's crop of beet sugar came upon the market, about October 15, the price in western states was reduced half a cent a pound and this reduction has since been increased increa-sed to eight tenths of a cent a pound, so that this part of the country is now getting its sugar at the lowest price that has prevailed since the beginning begin-ning of he world war, over ten years, ago. Of the 5,000,000 tons of sugar consumed con-sumed in the United States about 2,500,000 tons is grown or refined in the western states although only .'i0 per cent of the population is to' be found there. The result is that competition com-petition between the various interests! is keen and prices are established on; the basis of this competition rather! than upon the quotations of the big refining companies located at the Seaboard. j |