Douglas Island news., 1920-05-21
RAPID ADVANCE IN
 PRICES ON SUGAR Seattle Sugar Dealers Meet Recently to Talk n 0ver-Big
 Advances Noted

NI| II.N| NNINNIINN""H |N""N"N "N". by Miss T. M Kloomcyor secretary of Che committee. Records Of sugar price advances are kcpt iu minutes of Che committee meetings. as Che committee Is called from time ,o tImc by Robert C. Saunders United States district attorney Go 6x Che margin of profit Go be allowed wholesale and rcau dealers In sugar. as refinery prices SO up.
 What further trend sugar prices may take. with tbclr resultant et- feet on prices Of canned frmt candy and soda fountain beverages Che dis- trIct attorney would not venture Co to say. iu commenting on Che recent advance in price. On November ] records In Che district attorneys of- ncc show Che retail prIco of sugar was n cents in Seattle groceries. Last Friday a retail price Of f2I70 a hundred pounds or 2S cents for single pound purchases. was author .led by ,ho Fair Price committee au ncrcaac of l50 per cent
 On November D. members O, Che Fuir Price Committee were called to- eethcr by Che district attorney to consider au advance In thc wholesale price of sugar from s9.55 Go f9.71 a hundred pounds As a result Of dis- ouss.ou Of Che prices at chat .ime. % price Increase ol ouc-hail cent was authorized by Che committee brue- ing Che retail price to llH cents a pound
 Before January n Che price of cane sugar at Che rcauarIcs was $i0.a0 hundred pound. thc ree- crds show. and on chat date che wholesale price Jumped to S16.33 a hundred pounds A meeting Of Che committee was called Go fx a fair Increase In profit for Che whole caller and retailer
 As result Of Che January lf meeting Of Che committee. the for- mcr margin of 5o cents a hundred pounds allowed Che wholesale dealer was Increased Go S5 cents and later One retail margin of one and ono- haIf cents pound profit was inc creased to two cents Thomas w. Nasb. member of Che committee aII at that umo chat Che profit of one and a ha.f cents Q pound retail had hceu unfair
 A majority ot tbe committee at this meeting Insisted Chat the retail dealer be allowed 8 ccnu profit a pound for handling sugar gs dealers in Che East were receiving thIs A telegram was dispatched Go Che ot- touey general urging chat ho change his ruling allowing only % cents profit and permit Che commit- toe fo authorize a 8-cent increase for Che retailer
 The attorney general replied briefly by wire chat cents was the fixed profit allowed and declined Co make any execution. Tho committee did not meet again to discuss sugar mu Iast Friday
 At th8t meeting Che 3-cont margin to Che retailer was authorized and One wholesaler was allowed sl5O profit on 100 pounds, bringing thc retail price of sugar to }27.1o a hm- drad. OF 2S cents a pound based on refinery quotations The King County Fair Price Committee opcr- otos under Che amended Lover food control acJ and reports its recom- mcudauous to Che district attorney for action.
 The ucrc3ee allowed sugar doaI- or last Friday. said Che district ot- tomcy. Is only a fair and nropor- donate profit ou Che money Invested in handling quantities Wholesalers arc required to pay for their sugar u advance at tbe rcUuu.es on money borrowed. at l2 per cent n- torc.t i'm some cases While they turn hor money over frequently.
 their overhead costs of handling make their profits relatively small. he said
 Wholesalers at last Fridays moot- ing or the Fair Price Committee asked for 2 per cent profit on sugar
 sales. which would have amounted to Sl.62 on 100 pounds at present mar Ret quotations. Tho district attorney
 suggested profit Of sl5o. which was adopted by Che committee.
 The province Of Che committee. tho district attorney said. is to keep dealers to a reasonable profit and to keep sugar moving and distributed. The profits allowed are based on costs Of Che sugar as laid down In this d.s,r'ct- Seattle Times
 PICNIC FRIDAY