Business & Finance: Institute's End

A brief announcement from an office on Manhattan's Pine Street last week wound up U. S. v. Sugar Institute, Inc. et al, most significant anti-trust case since the dissolution of old Standard Oil Co. in 1911. After spending five of its nine years in litigation, the Sugar Institute was officially closing its doors.

The Sugar Institute was founded in 1927 with a stiff "code of ethics" to stamp out various kinds of chiseling then rampant in the sugar refining industry, and incidentally to "promote the consumption of sugar." So profound was the peace...