. Something about sugar; its history, growth, manufacture and distribution . TRANSPORTATION AND DELIVERY OF SUGAR 39 The value of raw sugar, like that of other staples, is based onsupply and demand, and the price fluctuates from day to dayaccording to the requirements of the refiners or the necessitiesof the sellers. There are certain rules or trade conditions governing allsales, so that when one man buys and another sells at an agreedprice, each knows what he is bargaining for. For instance, rawsugar is bought on the ninety-six-degree centrifugal basis, thatis, the price agreed to be paid is
. Something about sugar; its history, growth, manufacture and distribution . TRANSPORTATION AND DELIVERY OF SUGAR 39 The value of raw sugar, like that of other staples, is based onsupply and demand, and the price fluctuates from day to dayaccording to the requirements of the refiners or the necessitiesof the sellers. There are certain rules or trade conditions governing allsales, so that when one man buys and another sells at an agreedprice, each knows what he is bargaining for. For instance, rawsugar is bought on the ninety-six-degree centrifugal basis, thatis, the price agreed to be paid is for centrifugal sugar contain-ing ninety-six per cent of sucrose. If it contains more sucrose,a higher price is paid; if it contains less, a lower price is paid;all according to an established scale of additions and deduc-tions. Then again, the time of payment for the sugar is well un-derstood. It is usually ten days after the sugar has been finallydischarged from the ship, as this allows a sufficient period inwhich to determine the exact weight of the sugar and the per-c
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Keywords: ., bookcentury1900, bookdecade1910, booksubjectsugar, bookyear1917
