Democratic Sentinel, Volume 15, Number 20, Rensselaer, Jasper County, 5 June 1891 — Sugar Trust Pranks. [ARTICLE]

Sugar Trust Pranks.

How is this? American granulated sugar is now selling at 3.75 cent 3 per pound, wholesale, in London, w'hile the wholesale price in New York is 4.12% to 4.25 cents. Last year the sugar trust was moving heaven and earth to get a higher duty than a half-cent per pound on reiined sugar, but the duty w r as fixed at that figure, notwithstanding that the efforts of the trust were powerfully backed up by Quay and Blccks-of-Five Dudley. But does the trust seem to be hurt? Not a bit. It bobs up serenely, and goes to selling sugar under the noses of its foreign rivals a half-cont a pound cheaper than in the home market, What is the sense in continuing any protection at <?11 to this trust? Another prank of the trust has been talked of in the trade papers recent y. In order to keep up its prices in the home market and keep out foreign sugar the trust has had in view a plan to make a discount of one-fourth of a cent per pound to all tho large wholesale dealers who will bind themselves not to handle any imported refined sugar. In tills way prices will be kept up to the domestic consumer, while the trust will unload its surplus on the foreign market at a reduced price, and will goon declaring big dividends upon its watered stock.