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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Aug 25, 1920
Page
5
Prices dropped from 25 to 16 17 cents per pound within a week, hurting many dealers who lose thousands. Analysts cite speculative buying and world supply shifts, with refiners requiring irrevocable letters of credit, as sugar prices head lower before any policy action.
A Monroe housewife bought ten pounds of sugar for 2.25 six pounds of Crisco for 1.80 and thirty pounds of Irish potatoes for 1.86 saving 2.70 total compared with rival stores. Prices in Shreveport Vicksburg Little Rock and New Orleans are lower for many foods, prompting questions about why Monroe prices so different.
A Louisiana State University extension expert outlines reforms to raise poultry standards. He cites eliminating scrubs, standardizing products, promoting parish fairs, improving transport of eggs and day-old chicks, and removing corrupt advertising from poultry publications.
Chicago Aug 24 sugar will be ten or eleven cents a pound by January says Russell J Poole secretary of the high cost of living committee after a study. The beet crop is 30 to 40 percent larger than before and the Cuban crop will be about the same as 1914. We can have ten or eleven cent sugar if consumers buy as little as possible.
A columnist argues that world markets rise with European and Far East disturbances but actual progress comes from England France Belgium and Germany moving toward normalcy. The piece warns that a strong middle class in America will decide mankind’s future and resist both capital tyranny and labor turmoil.
A discussion emphasizes the morale of commercial life and the prudence of a constructive outlook for the cotton industry. It notes growers may hold large unsold crops, prices may stay unfavorable, and Southwest Texas supplies are limited and influenced by Mexican labor, with broader policy unlikely to be set by that region.
Baton Rouge reports an entomologist from Louisiana State University endorses gas tight containers as the effective method to prevent weevil damage in stored corn. One fumigation with carbon disulphide or high life is advised, with tight closures and husking before storage to reduce pests and save space.
Delegates arrive in Vernon today and tour Vancouver fisheries plants and lumber mills after a welcome breakfast at Hotel Vancouver. Lord Burnham will speak at a Canadian Club luncheon. The group sails to Britannia mines and ends with a Victoria dinner before returning east next Monday.
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