SUGAR PRICES FALLING.

Pukekohe & Waiuku Times, Volume 9, Issue 594, 21 December 1920, Page 2

SUGAR PRICES FALLING.

Steadily declining sugar prices in the United States (says a New York despatch. o£*August 21) have seriously upset of speculators who believed that prohibition would increase the demand for sweetened non-alcoholic beverages and confections and who set out to buy up all the available supplies here and .ibroad regardless of cost. As a result,, several big American sugar dealers are fi-cing ruin, and if prices drop much lower there will be a rush to unload, which will precipitate a crisis. Prohibition has not brought about' the expected increased demand for soft drinks and sweets, probably because liquor i«s still flowing freely for those who have the and sugar. contracted for übioad ftC'ls or more per lb. is reaching a mraket where it is selling at 8d or 9d per lb, and with expectations the price next week will decline to 7d. A few months ago the American housewives lound it impossible to obtain sugar at arfj prjee because of artificial shortage* iuid they have now learned economy in the list <<[ the staple. The great American beet r.rop-wijl soon fca available when prices ye expected to appruMch the pre-ww* level, and wouUL-be profiteers arc it their wits' end to vat'typ H C-Wii/35 \W Jpent. to*.