San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-14
GAMERS ARE
BUYING LITTLE
. SUGAR NOW
But Coming Of New Crop
Expected to Stabilize
Prices.
FEW JARS BOUGHT
Home Packers Generally
REFUSING Last Years
Containers.
FEW JARS BOUGHT
By j. c, ROYLE.

Copyright. by The San Antonio Light
New York, Aug. 14.-Canners and
1ggar trade in general are buying an
unusually small amount of sugar at
present. This is due largely to lack
Of confidence in existing prices. The
coming of the 1923 beet sugar crop
upon the market and the refining of
the Louisiana cane crop, however, are
expected to stabilize conditions and
put q stop TO the remarkable series of
fluctuations which have taken place
in this commodity in the last six
months.
Beet sugar sales in the intermoun-
tain territory are extremely small. Big
manufacturers in Colorado declare the
trade stocked IN heavily on the last
price advance and is now on a hand
to-mouth basis. The trade apparently
is waiting for a possible further drop
in prices, but manufacturers maintain
that the strong statistical position of
the staple and the small stocks in
the hands of Gamers and dealers will
keep prices present levels which
quote Colorado sugar at S1IO per
hundred pounds with cane sugar nor
mally 20 cents a bag higher.
Little Beet Sugar UnsOh.
At that figure sugar men declare
profits to manufacturers and beet
growers will be satisfactory. Little
beet sugar of the 1922 crop remains
unsold. The California beet sugar fac
tories will begin to market their prod
uct about August 10, and the inter-
mountain makers will follow suit Il
month later while Michigan growers
will be still farther behind. Acreage
has been increased in each of these
sections.
In the Pacific Northwest, can
manufacturers and sugar wholesalers
state that the Gamers long ago laid
in their stocks of sugar and that the
heavy pack there will not affect the
present or future market for sweeten-
ing. Big packing concerns in the Chi
cago district report that their sugar
purchases are much smaller than last
season and in Michigan this tendency
is even more apparent. Some can
neries carried over sugar and others
.aptracted for their 1929 supply before
~ furry in prices early in the spring
and much of this sugar still is IN
usual. The Michigan Sugar Com
paIr, the largest producer of beet
sugar in that section sold its entire
1928 output last spring. u
A new element affecting the sugar
market this year is the fact that cam
ners are using less sugar in putting
I'D the same amount of fruit under
new processes of canning. 1t is claim
ing that the fruit retains the flavor
longer with less sugar. although more
sweetening must be added when the
fruit is consumed This has shifted
sales, the Gamers taking less and the
grocers more. The Loveland Colorado
Cherry pack was completed this year
without sweetening.
Small Demand For Jars.
Fruit Jar manufacturers in many
sections report a small demand. There
was extraordinary buying of jars last
wear when fruit and sugar were lower
in some sections and home Gamers
now are using last seasons jars.
1T is a little bit early for us to
feel the reflection of lighter packs of
fruit" said, representative of the
Hazel Atlas Glass Company, jar
manufacturers, today. Our biggest or
ders come later in the season. We
are getting some orders for delivery
later this month. These are are not
I'D to last years demand. but there is
not the bumper fruit crop in many
sections that there was last year"
Another factor is the amount of
Javanese South American sugars be-
ing offered here. A large part of the
Javanese crop was sold early in the
year to japanese and Chinese quar-
ters. Many of these quarters were
| heavily involved in silk speculation
and as silk declined they were COM
PEELED to throw over their sugar hold