The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1891-03-14
SUGAR ON IT'S WAY DOWN.
After the list of April. This Useful Articl

|
| After the LIST of April, This Useful Article
| VIII BE Cheaper.
The close of this month says the Anseri
can will bring about change in the sugar
market. Housekeepers who have been
paying large prices for sugar can have
the satisfaction of knowing that it will
| take tumble from two to four cents per
| pound, and that they need not to be so
sparing in serving it out either at table,
to the servants, or for the use in articles
of food. On April list, when the duty
on raw sugars will be taken off, the price
of the refined article to consumers will
be dropped about two cents per pound,
and the people will enjoy the cheapest
ever known in this country.
| GRADUATED sugars, which now cost
the houeskeepers from six to eight
cents per pound, will be sold at the gro-
Gerry stores for four and five cents per
| pound. This drop in the price of sugar
will not affect the retiners at all; on the
| contrary, it will benefit them, because
there will be an increased demand for
the article. The price charged for sugar
or at least p cents per pound, which is
now paid to the government as duty on
the raw material, has all been paid by
the consumer indirectly.
The refineries will, therefore, make
wider margin than at present. In con
sequence of the drop which must neces-
sarily come, the wholesale and retail
dealers are cleaning out their stocks and
buying only small quantities, in order
that they may get on the right side of the
fence by April /. Whatever stock of
sugar they have on hand on that date
will depreclate in value about two cents
per pound, and they will be- in sweet
hole if they have large stock. In conse-
quence of this falling off in the purchase
| of sugar, there has been almost a stag
nation in the maj ket for the refined
article.
| People who profess to be familiar with
the details of the trade say that in the
! United States alone 300 600 stores which
deal In sugar carry in stock an average
of five barrels each aggregaLing in all
/, 500. 600. This has been reduced to
nominal figure bv the coming drop in
prices.
The refineries are protected by the
government. They are allowed to carry
their stocks in bonds until the LIST of next
month, when they will be released, thus
ensuring them from any possible loss.
The following fgnres will show how
the refiueries make their profit. A great
er portion of the raw material is known
among those in the business as centrifu-
gals, and is sold on the basis OF 96o test.
The duty on this is equal to about 224
cents per pound. The price DOW on this
sugar, duty included, is 81. and the sell
ing price of refined is G! cents This allows
the refiner three quarters of a cent for
his work. The same sort OF raw sugar
is now being sold for April delivery at
81 cents, and for refined sugar the Balti-
more Refining Company on Monday quo
ted Al cents per pound, which is differ
ence of cent or more for the reiners
margin. The increase OF imports of raw
material is not expected to have any
marked effect in the near future.
Brazil will send sugar here free of duty
but the crop will hardly be available be-
fore the close of the year. In view of
the fact that the last crop was failure,
it is believed that that portion coming
to this country will not exceed 100000
tons. Last year Americans consumed
,522, 73l tons, and it is estimated that
the consumption this year, the duty be-
ing taken Off will aggregate 800, 900
TONS As is we'll known, the consump.
ton of any staple article increases with
the decline in price to the consumer. 1t
is estimated that each person in this
country each year consumes fifty-four
pounds in years past, and that the sugar
is to be cheaper. The amount paid last
year as duty on raw material imported
into this country was nearly $50, 900, 900.
Sugar manufactured in this city, Balti-
mere, will be cheaper than the article
refined by the trust after April LIST, be-
cause that made here is free from cost of
railroad transportation. At the Curtis
Bay Refining four brands of standard
sugar are being made now. They are
fine and coarse graduated, which sold
on Monday for g cents per pound !;
mould A at the same figures, and con-
PETITIONERS at 6 cents per pound. Yellow
sugars are not yet standard, but will be
with other brands after the refinery is in
thorough working order. At present,
from two to three hundred barrels of
sugar per diem are run out. After next
month the fifteen hun bred barrels a day
tho regular capacitv-will be made.
| THE WEATHER AND GRADS