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Show SET PRICE ON RETA1LSUGAR U. S. District Attorney Announces An-nounces Limit; Wholesale Men Accept SALT LAKE, May II. What Is considered a fair price on sugar to tho consumer, 26 1-2 cents a. pound, was set and announced yesterday by Isaac Blair Evans, United Stales (lis-, trlct attorney. From today until the' wholesalo price of sugar declines that will be the fair price on the staple In Salt Lake, Mr. Evans said, after he had been advised by the Utah-Idaho Utah-Idaho Wholesale grocers' association I that they were following out Instructions Instruc-tions from Attorney General A. Mitchell Mit-chell Palmer that Wholesalers were to handle sugar at a margin of profit of one cent a pound. Price Charged As the orders from Washington specified spe-cified 2 cents a pound be added to the price by tho retailer, the price now stands at 25. o0 per sack. The factory charges approximately 23.50, to which Is added the 3 cents profit of tho wholesaler- and- retailer, making the $2fi.f)0 to the consumer. Mr. Evans calls attention to the fact that this margin of profit of 2 cents a pound is to be added to the wholesale whole-sale price of sugar. Therefore In other t communities of tho state, the prices) may vary slightly, but In any event, where more than the prescribed profit' is taken he will Investigate and slart proceedings. Another point was raised by Mr. : ivvaiis in recaru to me price or mo commodity, when he announced that in ytiiy case where the retailer pur- 1 cha?ed sugar at the old price of $14 50 (which prevailed previous to May 1. ho will be phomplly prosecuted If he sold j sugar at a price exceeding JIG. 50 a '"wick. He said he did not hellevo there ! was much sugar held In stook In the vicinity of Salt Lake at the old price, but' In some of the outlying sections he understood there was some obught at the old price. These dealers, he paid, would be prosecuted In caae they were apprehended selling at the new (price, or any price in excess of their 2 cents profits. Ulah-Ithiho Wholesale Grocers decided de-cided to accept recommendations of, the fair price commission that wholesale whole-sale dealers handle 100 pound sacks! fit lillMP nf n flnllnt mnrcln rf rtfi-ifM.. I The decision wan' reached at a meeting held yesterdy at the Hotel Utah. This will cut tho margin of profit one per cent, the present arrangement providing for i" 1-2 per cent profit for wholesalers, and wll make tho price of sugar hi Utah common points $24.50 per hundred pounds. Quotations on th prices of sugar in St. Paul, Minn.: Kansas-City, Mo., and Chicago, received yesterday by the Utah-Idaho Sugar company. Indicate no immediate relief in the prices of sugar. Bend-Southal-Sleepock company com-pany of St. Paul, sugar brokers, says on the question: "There Is no unsold sugar arriving, therefore spot quotation quota-tion are nominal, but jobbers are willing will-ing to pay from 27 cepts to 30 cents a pound. Twin city retail prices vary from 25 cents to 35 cents." The Ttussell Brokerage company of Kansas City said: "Thero is no first- hand sugar being offered here, except an occasional car ofGreat Western Avhlch Is the last of tho Hawaiian allotment al-lotment and which is quoted at $22.75 per - hundred. Standard granulated from second hands sold today at 527.10 cash f. o. b. New Orleans. Mexican Mex-ican cube whites and Mexico granulated granu-lated have been selling at 21 to 2G cents net cash, f. o. b. at border. Retail Re-tail prices hi're vary from 25 to 35 cents a. pound." The Melnrath Brokerage company states: "There are very few offerings of first-hand sugar.- The spot market price on second-hand sugar Ib practically prac-tically nominal at 131-2 to 23 cents, with only an occasional and an extremely ex-tremely limited allotment. Toll sugars su-gars of the June to August shipment on the last sales were quoted at 2G to 27 cents, cash at Seaboard. There is none of this offered now. Most! of the jobbers here, in the absence of uniform prices for refined sugar, aro I basing their selling price on Cuban ! market for raw sugar, plus refining charge, adding cents for profit, making their price 251-2 cents. Others aro -selling at 2 8 cents, based on higher cost purchase, and retailers are selling 2 cents over this price." The raw market Is undergoing a wave of excitement because of the recent re-cent report of the sugar slatisiclan of Cuban, to the effect that this year's crop will only reach 3,650,000 tons Instead In-stead of 4,650,000 tons, as estimated a few months ago. |