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...

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