Jasper County Democrat, Volume 22, Number 59, Rensselaer, Jasper County, 22 October 1919 — PREVENT HIGH SUGAR PRICE [ARTICLE]

PREVENT HIGH SUGAR PRICE

Department Warns Wholesalers That 10 Cents Is Fair Price. Washington, Oct. 21.—Steps to prevent an abnormal increase in the price of sugar because of a shortage were taken yesterday by the department of justice-Attorney-General Palmer notified beet sugar refiners, who have been withholding their products from the market until the price situation became more stabilized, that the United States sugar equalization board had decided that 10 cents was a fair price to be charged the wholesaler and that any charge in excess of that amount would be regarded in violation of the food control act. Refiners were asked to telegraph their concurrence to this price, which would mean that they would put their supply on the market immediately, thereby relieving the stringency. The price to the wholesaler heretofore has been 9 cents so that the new price means an Increase of, 1 cent a pound. Retailers have been permitted to charge 11 cents a pound for controlled sugar under the old prices. While the depaHment of justice and the sugar board did not say what the new retail price would be, it was assumed that the Increase would not b« greater than the wholesale advance.