COMMODITIES: The Sugar Situation

Much of the U.S. last week was close to a sugar famine. The American Sugar Refining Co., biggest U.S. cane refiner, feared that all of its plants would run out of raw sugar in two weeks.

In a last-minute effort to stave off a shortage worse than any of the war, the Office of Economic Stabilization boosted the sugar price, first time in five years. Next week, wholesalers will get an increase of .5¢ a lb.; the housewife will have to pay .7¢ more per lb. The increase will go directly into the pockets of Cuba's sugar-growers. For entirely proper reasons,...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!