Telegram-herald., 1891-04-02
TOOK A HEAVY DLOP
81 TIE OPERATION OF The IARIF
The N.w Lav Lsverfss tie kasss
Dats aaa fEssaassE fsr . Bssnty
6ees late kneet Waa saistSrs
kes ults--Big shtpmsass

NEW YORK, April CONSUMERS
sugar viii be gratiaee 70 know tina
they viii ee able TO buy that staple Al
tiele az about che and q hall cents
pound less to-day than they could Tues
day. and that honseAsspers can pus
chase twenty pounds ~ Ersaalates
sugar for one dollar, or SIX ..sss NOR
for that sum than heretofore. This a
the result Of the abolition 81 the t@rif
reduction on srgSr imported from Ter
eiga couatfles. saa goae authority Asy
that no combination Of sugar rTeners
can yat up the price more than ole-lal
cent q pound on tie ouislds.
The new law provides that fron
April l. 1891, aud for terra Of years
raw sugar below the grade OF No IL
Dutch standard shah come in free 81
duty The effect OF the bin vii be TO
lower the price of sugar on an average
Of about two cents ponnd. The sugar
producers of this country Will be CON-
p<nsatsd for tie loss they may sustain
in competing with fo-sign sugars by
bounty OF from one and one half 10 two
cents a pound, according 10 grade, Tor
their product
A San Francisco dispatch announces
that Mr.. Havemeyer. head Of the sugar
re fineries in the east. lad made cotn-
pact with Claus spreckles by the terms
OF which the competition between the
two was 20 cease. President Have
meyer Of the trust has not been 10 Cali
fornla IN many months, and 81 the
trust exchange on lower Wall street IL
was said that no agreeIren; or contract
had been made With Claus Spreckles by
the trust managers.
4 well-known broker said: "As soon
as the trust or any Of the refneries out
side Of that huge com binaiioa attempt
to raise the price Of sugar one-half or
three-eights Of cent on a pound we
will have sugar-nice white graduated
made from beets-coming freely from
Germany. England is said TO be
flooded with German sugar. and with
our reduced tariff the United States
would soon have an overstock OF The
same kind of sugar. Then down would
go the price"
During the month of March the gov.
eminent allowed the sugar re.
fners TO receive raw sugar free in
order that they might refine II and ac-
cumulate a stock of refined sugar.
which they would hold ready for the
reduction in rates which went into ef-
feet at ~ o'clock Tuesday night This
sugar was refined in bond and was not
allowed To go out OF the hands Of the re.
timers and Wholesale dealers through
out the country. OF course, the re.
finerstried to refine FOR use during March
only the amount required in March. in
asInuch as any left over after April
could be sold only At the reduced prices,
which would entail q severe loss.
Hence the retail markets are bare Of
refined sugar. Now there viii be .
rush to buy At the reduced prices. and
very large sales are expected by the
wholesale dealers.
CHICAGO. April AT midnight s6oo. :,
900 was taken out Of Uncle Sans poclx-
ct and put into the pockets of importers
whose sugar has for some little time
been In charge OF bonded warehouses
The Chicago custom house officials
staid late at their Offices last
night Documents were on hand wait
ing to be signed At the proper time. At
midnight the collector affixed his sig-
nature, each deputy was given paper
and they started for the eleven bonded
warehouses that had been pressed into
service in the emergency. In a few
minutes the .2.o0o barrels OF sugar
were released from the payment of
duty and the warehouses were alive as
they had never been before a. such
usually unreasonable hour Teams
had been in waiting since early in the
evening. and when the saccharine art
icle was freed busy scene followed.
the sugar being hauled from wsre-
houses 20 cars and prepared for de-
livery in Chicago and points beyond.
While there were "a, 900 barrels In bond
before midnight. there IRE moro con-
signments on the way here. and the
whole will foot ND 100. 600 barrels