Business & Finance: Sugar

From the post-War collapse until last year there was one sure way of making money in the sugar market: sell short, stay short. With few interruptions the trend was steadily down—from 20¢ per lb. in 1920 to a historic low during Depression of less than six-tenths of a cent. By last week, however, U.S. sugar, having climbed back to the highest level since 1928 (2.7¢) looked sweeter than it had for a decade. And though nearly every sugar man had some grudge against the new order, recovery was largely the result of the Government's grim efforts to put the industry in...

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!