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,...

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