Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-11-29
LOOK FOR PEACE
IN SUGAR WAR.

General advances In the price of re-
fined cane sugar, both In the Eastern
market and at points where the COM
petition is keenest between the Sugar
trust and the American Beet Sugar
company, gave rise TO reports yesterday
that peaceful understanding had been
reached between the warning trusts. II
was said that after many negotiations
between the Hayemeyer company and
the Oxnard concern, 1t was agreed that
the latter would withdraw its supplies
OF beet sugar from the Eastern mar
kets,, and that when trade conditions
Warranted II sales would be made on
friendly basis In the western markets.
This was denied yesterday, however, by
Gustav y, jain u Co., who have the
marketing Of the beet sugar In this and
other eastern markets. 1--WE have re-
ceiyed no instructions to Withdraw our
sugar from the warehouse in which II Is
now stored, said n representative Of
that firm yesterday. 1--WE are holding
II In storage and viii continue to do so
until propitious market Is secured In
which we can dispose of IT, / have
heard OF no understanding or agreement
having been reached between our prin-
cipals and the cane Sugar trust You
can state there has been no change in
our Instructions"
ON Thursday last prices Of standard
granuated sugars were advanced by
the American Sugar Refining Company
% points at the Missouri river points.
4 N hA In "A DO.
local brokers were made. Late Friday
night there was another advance In the
price Of sugar bringing the quotation
up TO 4.1)c. Yesterday II was announced
in lower Wall Street that prices of re-
fined sugar at New orleans We're adj
vanced 10 points and at San Francisco
the center of the beet Industry, 20
points Official intlmations We're also
given that along the Missouri river In
advance TO the New orleans basis
would be made this week. These gem
eral advances all along the line are out
wardly explained by the advance in
the price of raw sugar. The market
for raws has been remarkably strong,
and 1t was currently reported yester-
day that raw sugar sold al better than
3 lS-l60c for 9G centrifugal.
The fact that, Notwithstanding the
advances in cane sugars from the At
lantlc TO the Pacific the bret producers
have sold no sugar lent co.or to the be-
lief that peace had been declared and
that the latter were awaiting high
prices before they sold
1t was stated yesterday by Gustav A.
jain & Co., that they would not sell the
beet sugar at the prevailing prices. 1--WE
are going to await better terms" said
their representative.
The American Sugar Refining Com
pany advanced the price Of sugar in
Pacific coast territory-all west OF the
Rocky Mountalns-2O points, making
the price 4.2Oc. The price all summer
has been 4c net cash, leaving no mar |
gin of profit for anybony.
This advance follows the advance of /
% points made in the Missouri River
territory The price Of sugar in New
Orleans was advanced 10 points yester- |
day making the price i.35 per 100. The |
total advance this week has been 80 |
points.
The total advance in the price Of SUI /
gar in the New York market since I
Tuesday has been 80 points or more |
han 81 a barrel, In the trade a fur
her advance IS expected next week.
New York Herald, 23rd.