Jasper County Democrat, Volume 23, Number 13, Rensselaer, Jasper County, 12 May 1920 — SEEK TO STABILIZE SUGAR PRICE [ARTICLE]

SEEK TO STABILIZE SUGAR PRICE

Chicago, May 9. —Fifty sugar dealers and wholesale grocers at a con-* ference called yesterday by District Attorney Cljfee pledged co-operation toward stabilizing the price of sugar and agreed - that there should be but one re-sale between various houses. Samuel B. Steele, president of a wholesale grocery concern, advocated a fixed price for Chicago, based upon the New York price of raw sugar, with profits to dealers limited to 1% cents a pound. Mr. Clyne exhibited a photograph of a carload of sugar, which he said had stood on the tracks at Chicago for six months. The sugar had been resold six times, he said, increasing the price nearly 200 per cent. . -