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Show OGDEN BUSINESS j I MEN INDICTED FOR B3G SUGAR PROFITS SALT LAKE, Aug. 21 indictments charging the Htah-Ldaho Sugar com-Ipany, com-Ipany, its officers and mam other prominent Salt Iike and ogdi-n busi- IftCSfl men with having made exorbitant! profits In the sale of sugar, in lpla-jtion lpla-jtion of the Lever act, were returned I today by a special United states grand jury which has been In secret session lfere since August 11. Bench w.u-I w.u-I rants have ben issued for the arrest of those Indicted. An Indictment returned against the Utah-Idaho Sugar comoany. as a corporation, c!t s two instances in-stances where sugar which co.-t $9 41 to pfeducie was sold to Job- hers at J23.4S per hundred pounds, a second Indictment charges the officers of the corn-pain, corn-pain, excepting Hebor J. Grant, president, with having aided and a bet ted the company's action in selling the sugar at the high price. Merrill Nibley, assistant General Gener-al manager of the Utah-Idaho company and James J. Jenkins. Jv.ilt I-rfike, warehouse owner, are charged in another indictment with having bought 100,000 bags of sugar at $15.00 and sold It at Chicago and Other eastern cities a; from $17.50 to $30 per bag Frank Pingree. cashier of the National Cltv hank of Salt Lake and J. H. Gruet, former assistant cashier of the Continental National Nation-al bank, of Salt Lake were Indicted Indict-ed for violation of Section 72 of the federal reserve act which prohibits pro-hibits bank officers from accepting accept-ing gifts through making of loans. It is alleged both Pingree and Gruet made loans for sugar purchases pur-chases and In return shared In the profits of resales. The jury, following submission of today's Indictments, recessed until September J |