The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1884-11-22
WHY G Is E

Something has Knocked the price Of
sugar to a lowe. figure than it has been
known to g. in this conntry except
once. and this was long before the war.
The best Sugar can be bought at
retail for u little over eight cents, and
granulatrd suya,s, which are the stand
ard ARE So cents Wholesale. The
brown sugars and the lower g.ades a,e
cheap il" proportion. Spectators are ut
their wits end to know whether to
take the bear Or the bull end Of the
market, but many operators d." not
hesitate to say that prices have no;
reached bottom yet. aud one broker
declared that he expected t o bay sugar
at less than six cents before the end of
the Year. This fall in price has
certainly not been caused by any
falling off in demand. The market ney
er WAS s" active. and the consumption
is enormous In less than Il year it
has increased ole fourth. ana the Uni
TED States are using over twenty-five
per cen. more sugar tn ~ they did
last summer. AT tn. same time tie
stock OF raw sugar is greater than it
was IL Year ago
III NewIork, Boston. B,itimora aud
Philadelphia she stock on hand ON july
I'D, OF this Year. Wa, $50 79S tons. as
against 1873 SUB tons on the sam. day
last year. Coba su.nr i, not coming in
very list, because Of eunrmols export
duties aud the tonnage taxes there.
Raw slgartr"m The island is only worth
three cents IL pound before the duty is
paid. A the export duty amounts to
about on--half cent a pound, sugar
growing in Cuba il not u profitable
business. The planter. are expecting
some relief from the Spanish govern
mont in +. red"ctioa Of export duty and
because Of this expectation little sugar
10 being shipped from there. This fact
hat slasost put al snd to the Cuba
shipping business. and American
sailing ves>eas are suffering in con.e
quence. So cheap has sugar become
that it no longer pays to adulterate it
with glucose, which cannot be manu-
tactured as cheapIy az the sugar itself
10 sold. This has closed many If til.
glucose mills.
1t IS stated upon frst-class authority
that, in view Of the condition Of af
fairs of tAs sugar trade with Cuba, pro
mlnent merchants Of this city aud New
York are quietly engineering a scheme
Tor Il treaty 81 reciprocity with San Do
ming" by which sugar maybe export
cd from the island to the United States
trce Of duty.
Mr.. VIM. ". Frazier, .Jr.. of the
Franklin sugar refinery. said ye.tev-
day, i'll explanation OF the low price Of
sugar, that it Was due tn Il omhina,Ion
OF causes. one OF which was til. recent
A"out'iettti''H w the sugar ttj"lu. WHICH
admits, free of duty, II grade of sugar
upon which previously an import tax
had to be paid. This tariff modiGca-
ton has brought to the United States
from South America, she East Indies,
and other points, supplies which be
fore did not reach US in very large quan
titles. The enormous amount Of beet
sugar which has been recently made
In Germany has had u grca: influence
upon the markets. and now practically
rules the sugar markets OF the world.
Some of this sugar is imported here,
but nearly all Of our supply iscane So
gar. which 0me to us cheap now be
cause it cannot be sent to Europe in
competition with the beet sugar made
there, aud thus. while We use little of
the European article. it is a great
source Of benefit to American g
Observation-Disclosures Record.