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Show 00 SUGAR INCREASE WAS LEGITIMATE Demand Abroad and Competition Compe-tition for West Indian, Central Cen-tral and South American Raw Made Raise Necessary. New ork Sept. 1. The increase In the price of sugar after' the Ruro-pean Ruro-pean war began was legitimate, according ac-cording to testlmonv given today at District Attorney Whitman Y, John Doc j inquiry Into the high . ost of food. Bdwln F Atkins, chairman wf the hoard of directors of the American! Sugar Refining company, said the demand de-mand abroad and the competition there for West Indian. Central and South American raw sugar made the' inn-ease in price here nc-.-ssary At four tood markets which the city' opened today, sugar was sold more cheaply th-n housewives could buy at the stw.s and within two hours' the entire supply at these markets I wuh eznausted Flour Speculation Impossible. At the John Doe proceedings. John A. Sim, general manager of a flour company said speculation In floui in this country was Impossible. Fie predicted that If the price of flour continued to rise, many small bakeries bake-ries would be forced out of business because they could not afford to sell standard loaves of bread for 5 cents. Bread at the new municipal markets mar-kets today sold at 4 cents a loaf and bakeries In the neighborhood did little lit-tle business. The markets were crowded. Sugar Sold Cheap to English. Chief Magistrate McAdoo who presides pre-sides at the John Doe hearing announced an-nounced that he had heurd from the customs authorities thai within the past few days more than 1.31!6.000 pounds of raw sugar have been sold to English brokers at $5 for 100 pounds Raw sugar early in July sold hi re at as low as $3.29 for 100 pounds. Magistrate McAdoo asked one witness wit-ness today if he knew that there was In bond In this port last week $5,500,-000 $5,500,-000 worth of raw sugar The wit ness general sales manager f6r a large sugar company, said he knew nothing about it. 00 |