Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1880-11-30
BUYING AND SELLING.
GENERAL MARKETS BY TELEGRAPH.
Honey Active at 6 per cent-Govern.
ments Generally firm-flour Dull
Wheat Active but Low.
er-Hogs Fairly Active.
Pig Iron-Proposed Reduction Of Tariff
on Su ar

Pig Iron Proposed Reduction Of Tariff
on gu ar.
PIG IRON.
The New York Bulletin says: Pur.
chases Of American pig, in lots OF over
100 to 200 tons, seem to be very rare,
and even OF small parcels the movement
is not decidedly encouraging. Supplies
of al kinds are apparently more than
sufficient to meet current wants, but We
do not find a surplus large enough to
have any remarkably uniayorable bear
ing upon prices. TO all accounts the
small lots offering can be secured rela.
lively cheaper than large lots for future
delivery. and on this account there
seems TO be no apprehensions of more
than moderate decline, il any, from
present prices during the remainder of
the year. Rail manufacturers are re-
ported to have purchased some o5,eC0
tons Bessemer pig the past fortnight.
Otherwise we learn OF no important
sales. Prime brands are quoted at S25
for No. y foundry. Actual business
in pig tin has been effected at an sd.
vance OF ic over the prices paid up 10
Friday of last week, and the market
closes strong, with prices showing an
advancing tendency.
TARIFF on SUGAR.
A leading merchant Of Detroit has
communicated To the Mars, of that city,
bis views OF the sugar tariff question
He says that the present duties, running
from % to cents per pound, according
to quality, as determined by the Dutch
color standard, are "near about 100 per
cent. on the first cost" In this he is
somewhat mistaken. The duties on the
sugars imported during the fiscal year
ended June so, 1879, ranged from 53 TO 20
per cent accOrlingto the custom house
valuation. This, however, was an under.
valuation, for there is abundant evil
dcnce that sugars Of high grade are arti.
ticlaly colored, and passed through the
custom house as sugars OF low grade
The dutiea are, there fore, somewhat less
per cent than the custom house re-
turns indicate. They are excessive,
nevertheless, and ought u be both re-
duced and simplifed. The Detroit
merchant does not see the propriety
of collecting from thirty five To fifty
millions from the American people for
the benefit of one hundred to three
hundred people III Louisiana and Texas
who grow sugar cane. Still he seems to
be in favor oi protecting the refiners,
for he proposes that their raw material
shall he admitted duty free, or nearly
50. His proposition is that sugar
should only pay q sufficient duty 10
make our own plantations, which raise
onlv I per cent oi the sugar consumed,
fairly rcmunera,ive. They certainly
should produce sugar within IL or
cents per pound OF the cost in Cuba,
and the duty should he no higher, than
that OF sugars directly consumed, with
drawback on oil sasars actually retin-
ed or manufactured.
There is one reason why cOnsldera'
BILE amount OF revenue should be raised
from imported sugar. About " per
cent. OF the cane sugar consumed in tho
United States is imported, and therefore
Of the whole amount taken from the
people only about : per cent. goes into
the pockets Of American cane growers.
The whol. amount taken from the peo.
pie in 1879 exclusive OF the protection
TO refncrsl was about Si2,OOO,OOO, Of
which S39.010 900 went into the
Treasury, and only $4,000 into the
pockets OF the cane growers. In this re-
spect the sugar tariff differs very mater
tally from the tariff on pig.iron, which
produces to the treasury only 81 ont o!
every 81 taken from the people; or the
tariff on woolens, which produces to the
tresury only 81 out Of every 81 taken
from the people; or the tariff on cotton
goods, which produces to the treasury
only 81 out OF every sl3 taken from the
people. Still the duty on sugar may be
greatly reduced without hindering re-
duction of these more protective and ep.
pressIye duties