Courier Democrat. (Langdon, N.D.) 1891-1920, 1892-09-29
High Price. to Be Advanced.

no kIooU VI lQo 0UydE 4IuSt Is uuH
bounded. Aided by the duty Of 10 per
pound. which Mckinley left on refined
sugar for no other purpose than to swell
the profits of the trust, which would
have been enormous without any duty,
this combine, as its power has extended,
has mercilessly reduced the price of
raw and raised the price Of refined
sugar. Atpresent there appears to be
no relief from its oppression. A few
months ago the wholesale grocers of
tho United States, who had been in
leugue with the trust, and had been re-
ceiving rebate of 1 cent per pound
for handling trust" sugar only, be, anne
dissatisfied with the advancing prices,
and threatened to erect a big refinery in
Brooklyn. 1t now transpires that the
trust people have again established
friendly relations with the grocers by
sligntly extending discounts to them,
and perhaps by making other conces-
sions unknown to the public. AS is
evident from the following notice sent
out by the trust on Sept. 10, the monop-
oily is stronger than ever before:
I'VE inclose herewith invoice of sugar
Of even date, on which commission of
one-eighth of a cent a pound has been
deducted, in addition to our usual terms
of one per cent. cash in seven days and
one per cent. trade discount on 100 bar
rel lots, the understanding being that
with your remittance the certificate be-
as a voucher"
[Copy of the Voucher.]
THE A. g. R. co.
"We hereby certify that we have not
sold, nor will We sell, nor has any en-
cnln 01l
OF the territory specified on the back of
rectly, any Of the sugars for which we
are now RENTING, for less than your
daily quotations, nor on more liberal
terms as to credit or cash discount"
The only Independent refinery in the
country is the small one of Nash, SpauId-
ing & Co., at Boston, that can have
no effect on the market. The quaran-
tine regulations due to the cholera
scare have caused the price OF raw
sugar to advance cent per pound.
Taking advantage Of the situation which
practically prohibits the Importation Of
sugars, for few weeks at least, the
trust has advanced the price of refined
sugar cent per pound, and authorities
say that prices will go still higher
The following quotations show clearly
| the effects of the trust upon prices:
| 96 deg. CEN
trifugals. Granulated. Office.
| Cts. per ID. Cts. per ID. Cents.
| Dec. 81, 1891. ..3A 4 Fl
| April II. 1872. ........3B AS IL
May Is, 1922. .........3 1-16 Az SIG
| Sept. 10, 1892. ......3 9-16 51-16 ~
1t should be remembered that there
were several large retineries outside Of
the trust until last March. When these
had all been gathered in, prices Of raw
and refined sugar began to diverge.
The cost of refining is about cent per
pound. At present prices the trust is
making net profits OF more than $780,
600 per day or $4O,ooO,ooo per year, and
every additional difference of l-16 of q
cent adds $2,5oo,0OO to this amount.
Twenty millions Of dollars Of these
profits are extracted from the people by
means Of the 4-cent duty, and helps to
swell the pockets of the rich refiners.
None Of it finds It's way into the Golfers
OF the nation, though few thousand
may get into circulation through the
medium of the Republican National
| Committee