Jasper County Democrat, Volume 23, Number 40, Rensselaer, Jasper County, 14 August 1920 — BIG BREAK IN SUGAR PRICES [ARTICLE]

BIG BREAK IN SUGAR PRICES

New York Market Slump* to 17 Cents / — a Pound. New York, 1 Aug. 18.—Heavy decreases In the sugah market, foreshadowed by movements during the last few days, took place here. One large dealer reduced his list price on the fine granulated from 21 cents to a fraction over 17 cents a pound, and raw sugar sold on a basis of 18.04 cents, which was 10 cents per pound less than the high level of three months ago. A pronounced weakness In raw sugar began early in the week, notably in future contracts. In exchange and in the spot market. “Second hand” sugar, or speculative stocks, havefbeen offered for some days at 18 cents per pound for fine granulated, but no weakening on the part of refiners wa< in evidence until today.