Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1854-06-17

crop Of 800 pounds 1t follows that this year
shall only require 270 900 pounds Of foreign sugar
instead of OO0 which we imported last year.
Here, then, is falling off of demand in the foreign
sugar markets of 1300O00OO pounds from the United
States and hence he depressed Of prices the foreign
sugar-producing countries
i is hardly necessary to say that this decline in the
foreign markets acts with electric celebrity upon the
markets Of the United States and Of course upon the
homemade as well as the foreign article.
II Muscoyado sugar at Porto Rico costs four cents
per pound there, and with duty, freight, &c. be
sold at New York at six cents it follows of that
New Orleans sugar Of similar quality will bring the
rate but the same sugar falls in Porto Rico three
cents and it can be sold at New York cents the
holder Of the Louisiana article is Obliged also TO accept
FIVE cents. The decreased demand for sugar from Cuba
and Porto Rico for the consumption of the United States
in consequence of the late heavy crop in Louisiana, 1.-THE
largest ever made there has produced the very effect
alluded to above. Prices previously 80 low
not1ny in those islands, but in all the other sugar
kes of the world have the Louisiana planters
before been obliged submit such low for their
staple. At this moment inferior sugar is selling at New
Orleans at from to cents fair 81 to 81 cents and
prime 81 to cents Yet under such unprecedentedy low
prices, gravey told of the oppression of the pre-
sent tariff in imposing heavy duty upon one Of the ne
cesaries of life Until the culture Of sugar grew into
Importance in Louisiana the people Of the United States
paid three and fourold the present rates for sugar. and
it YVES only the home production increased that prices
:. recede; and they have steadily and gradually
decd the culture of the article increased in the
United States, During the with Great Britain sugar
as high forty cents per pounds the year subse
to the twenty and up to the year 1926
the usual brown sugar ranged from to thirteen
cents per pound From 1925 the price Of sugar has gra
dualy declined in consequences of the increased produo
ion except in those years when there has been failure
In the Louisiana CROP which, by its effect prices sr
kngy illustrates the principle which has been urged
the effect Of the supply from the United States upon
the prices Of the arcen all the sugar markets Of the
world.
In 1634-5 the prices of Louisiana sugar at New Or
leans under average crop, 81 cents in 1885,
under very short crop, the price 102 to cents,
with corresponding rise in all the West India markets
in 1s424a the price 81 cents and in 1S48 A,
under partial failure Of the CROP it 81 to cents
1t is notorious fact that short crop Of sugar in Loui
sana invariably advances the price to two cents,
which of course could not do Louisiana sugar unless
corresponding advance took place in foreign markets
for if the supply from these latter previous
it would underse the Louisiana sugar and keep it down
to the rates of foreign-grown sugar.
This operation of short crop is very obvious The
West India markets furnish year with another about
and certain demand but if the Louisiana crop falls short
lO0Oo0O00 pounds, and the importers Of the United
States co. they obliged do into the West India
markets for this additional quantity the inevitable result
is advance in the rates In like manner when have
unusually large CROP the case last season, and
omit to take usual quantity from the West Indies
to the extent of than loo, 600 600 pounds viii
be the during the present year. and leave that as
surplus supply the hands Of the West India planters
equally inevitable result that prices recede
/ there, as they have already done.
The sugar planters of Louisiana with the greatest
difficulty sustain themselves under the present rate Of
duty and but the best managed plantations, and
those whose propretors Independent in their position
and free Of membranes, covering their expenses
which breaks the cancels back and if any unfavorabe
change the present tariff takes place the culture Of
sugar the Gulf States will be greatly reduced if
| destroyed.
Under the suppostion that this culture in case of such
| a change, reduced 200,000,000 pounds, two
fhs of the last CROP and the United States had call
upon the West India islands for that additional quantity,
will any who has studied the question: preends
understand it, attempt deny that the inevitable result
would be to double least the price of every pound Of
consumedn the United States Or the whole culture
in the South abandoned and the United States had
procure the 500 600 pounds from the TO-
reign sugar market would the rate advance to even
prces Though such prices would naturally stimu
late foreign growers to increased production yet
mand they procure it any considerable extent
and certainly not such degree could reduce
prices to their present standard. OBSERVER.