Small Company v. American Sugar Refining Company…
“ The federal statute contained no provision pointing to what should be deemed a just, reasonable and not excessive price; and there was no accepted and fairly stable commercial standard which could be regarded as impliedly taken up and adopted by the statute, as this court construed it. While sugar has a market value, that value is subject to fluctuations which individual manufacturers and dealers can neither control nor readily foresee. The price in one trade center is affected by that in others, and in all there are material variations, even in short periods. ”
