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Show ' ;u SPRECKELS ON SUGAR. Claus A. Spreckels, president of the i I'edcral Sugar Refining company. Is somewhat of a peitlinlst. He issues a statement to the effect that the price ul sugar Is too high, and, to emphasise .. his remarks, he hag announced the dosing of hl6 plant at Yonkers. How closing a refinery' will help re ! duce the price of sugar Is not made jl clear. The greater the supply on H the market, the greater should be the !' tendency of sugar to drop. J Mr. Spreckels, acting the role of 6 bear on Wall street, tells of the re- markably large crop of sugar cane In ; I'uba, which will cause th plants to begin grinding a month or six weekB l earlier than usual, and he quotes from Europe to prove that France, Ger-'! Ger-'! many and other countries will havo a surplus of 800,000 tons. The late advance In sugar, Mi Bpreckels declares, bears the car- marks of speculation. But the puzzling 4.hlng Is why the sugar king should be disturbed over high prices, unless he lis fearful the American people. In the present election, will make the I - price of sugar an issue. bbbM on |