Facts About Sugar

Cover Facts About Sugar
Facts About Sugar
Domestic Sugar Producers
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1. — The long expected cut in refiners* prices came the past week when local operators reduced their quo- tations from the 7 cent level which had been maintained for many weeks, to 6.75 cents.
The sugaJT. market this week disphiyed a much improved tone, refiners report- iuK a substantially improved demand.
and sentiment generally being much more cheerful. Second hand selling has about spent itself, an4 business at the 6.75-cent price is gradu4^-]y picking up.
The improvement in the refined mark
...et is a direct reflection of the, better ten- dency during the past week in the raw market. All in all, a much better tone pervades the tra^e, which is of th)e opin- ion that the refined product is now on a mor^ stable basis. Consequently it luis los^ much of the feeling wliich has characterised dealings up to this week.
In sympathy with the reduction in re- liners' quotations. Jobbers* prices have also been sliced the past week. The wholesale price in stores is now on a 7.25-cent level, as against 7.50 cents a week ago.


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