The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1920-05-28
BOYCOTT SUGAR MARKET
FRUIT PRODUCTS ASSOCIA-
TON FIGHTS PRICES
Declares 1t Will Not Buy Sweets
At the Present Cost
Level
FromsThursday's Daily.
ASSOCIATED Press Dispatch

New York, May 20.-The National
Preseryers and Fruit Products asso-
citation announced here tosay that it's
members will stay out of the sugar
market until the price Of sugar comes
down from its present high level. The
association claims to represent
eighty five per cent Of the manufac-
turers Of the country who make
jams, jellies and preserves.
Statement Of Its Head.
The so called shortage of sugar
does not exist" read a statement by
Marcus Blaksmore. president of the
ASSOCIATION, who has investigated
available supplies with the help OF
the department of justice and rep
resentatives Of the refining industry.
Present prices represent pure infla-
ton, caused through boarding by su-
gar spectators"
He said that with the sugar that
has already been received in this
country and the amounts contracted
for and available on the Cuban mar
ket, an excess OF more than SOC, 200
tons over last years total consump
ton Is in sight.
Out action in curtailing our pur-
chases was unanimous. After the
members heard our report OF condi-
tions they voted unanimously to re-
fuse to purchase sugar until present
high prices are cut in two. We will
close down our factories after using
up the supplies We now have If the
spectators refuse to listen to rea-
SON."
The Corn Market.
10, l-y -, h.
corn market continued today although
liquidation on the part of holders ap-
peared to have greatly diminished
Credit difficulties and the strenuous
efforts of railroads to furnish cars
were leading bearish factors. On the
other hand there was more disposition
apparent to use caution in trying to
press for further radical declines
Opening quotations which ranged
July 81. &c to S1.67A and September
s1.56A to 1.57, were followed by a
moderate general rally. Oats swayed
with corn, after opening Il to 70
down, including July at S9c to S9hc,
the market sagged a little more, and
then began to recover. Provisions like
grain tended downward. Aggressive
spurrot was lacking.
Minneapolis Grain.
Minneapolis. May 20.-Whiie there
was no particular change in senti-
ment at the same time the technical
position, Of 3. the market q, was not so
bad and after q weak opening to-
/ day a very stubborn undertone dew
eloped in all grains but wheat and
rye. Hesitation in the corn futures
seemed to worry more Of the shorts
I and the May future began to rally
/ quite sharply followed by July. Cash
corn prices were weak and lower
again with receipts fairly heavy. Oats
trade was fairly active with eastern
interests absorbing the July offerings
Some exchanging of cash and futures
reported. Offerings light on the de-
clines. Rye futures were weak In
/ spite OF reports that a half billion bu-
shells had been sold for export. Prices
|, were easy, five cents lower at the
opening of the marketing and ordin-
| airy wheat sold ten cents lower before
|, the session was very far advanced
Before it was half over most of the
buyers were bidding fifteen cents
lower for the medium and poor quail =
ity. Outside, milling demand narrow
and featureless, durum wheat about
eight cents lower and slow. Winter
wheat bids. mostly five at ten cents
lower, but some choice sold at two
cents decline. Medium quality corr
sold at three to five cents lower, de-
mand Slow except for choice. Oats
prices were firm compared with the
future and there was a good demand
for the best offerings. Barley started
off very slow with outside bids three
to five cents lower. No 1 dark north
ern SO. 10 a 1885; No 1 northern
SO. 10; No 2 dark northern 81. 90 a
SO. 80; Nc 3 dark northern 81. 80 q
80. 80; No northern $2.70; No
dark northern 81. 60 @ $2.S5; No
northern s2.55; screenings 49,; durum
No !: s.; 80; No 3, s.; 81; No 2; 81: g &C
$50 @ $3.04la; No hard, 50. 90;
No / hard s2.95; No 2 hard $3.O5;
No 2 red $3.50; No hard $2.75;
corn No 5 yellow $3.50 "a 1912; Nc
yellow 81 90: oats No white
1.02; rye No 2 $2.07.