New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-04-21
SUGAR AND THE NEW TARIFE.
THE DUTIES COLLECTED OVER 80 PER
CENT BELOW THE ESTIMATES
AND INSTEAD OF INCREASING THEY 'oNIlNO L
TO FALL oFF-DECLINE IN THE
FOREIGN PRICE.
[RY TELEGRAPH TO THE TRlBt"E'l

FOREIGN PRICE ,
[BY TELEGRAPH TO THE TRiHo"E'l
Washington. April 2o-Thc new tar'h co"''""cS "
dsappoint it's fric n2s In regard 10 the i"0''
sugar II WAS confidently eNpec'eu 't''At w"
March and April import at!ons or sugar cam, ''o"
there would be 7 big increase III ths d"'ieS' ~
Instead OF that the March duties fen over f-V''0
sbor, NJ the January anl it row ooks as thoUs'
those for April would fall az much beio" Marc" ~
did March be,ow January. The ect'p'S iIo'h ~"
toms thus far this month have aver 's'' '''' '
a day against an rage OF E+'V" i "'' ii ',''
u,ry February and March. ara the e"P'0''''o' ''''
heavy sugar duties would bring UP the receipts oi
,h ,.o,r d,,irc ira closing uonths Is evidently no,
IN no realized The customs receipts from sugar
since III, calendar year began have Deeh "''r
over s7Go00 instead Of nearly double 'H'' a"'""'s
as they should have been - meet the proiihS'H u
the friends Of the new law ..
Tho .stira,es Of revenue from sugar duty which
were II ,de whi:c the Tariff act was under cons''ra-
ton were that IT would bring in at least S''""'V" /"
month and that for the closing months OF tms nSc"'
year II would be much higher. Instead OF tha' 'he
receipts from sugar IN January ana FEBRUARY were
less than 81 5000 month. and IN March on! "p'u
s21NOOo During The entir" seven months III WHO"
the new law has been In operation me receipts from
sugar hayc amounted 20 only little over @oO"'
though according - the estimates OF the frlends OF
tho law 4, should hav, been more than SN"N"
And from present appearances the remainder 81 the
fiscal year doc. no, likely TO redeem the prom
lses ~ the advocates % the law.
Part OF this failure H. due 10 tho small imp'Tta-
tons Of SUGAR ard part t. the low prices abroad
The prices at which sugar IS being imported now are
precisely two-thirl- what WAS being paiI aproa1
when the now law won't into cfi"c' and as the dH'y
Is per cent al y1orcm on IN" import price, idH
Of third In the price AZ which IN" sugar i I'M
ported naturally cuts down tn" amount oi dlty one
thrd So 1t seems TINT instead Of Eettng $500
q year from sugar duties under tho new law ne
Treasury IL likely to get on,y S2NtOooDD even II me
nportations keep NJ to IN" usual figures mus Jar
there scrrIs o. be- pretty heavy falling on IN I'M
pOrtat0ns the March receipts having fallen below
those ~ any March since 1900. II may h" added
that March Il usually the heaviest month for the
importation ~ sugar. .
In every normal year since 1891 the March I'M
portatous have been heavier than those Of any other
month In the year. and yet the March imporiations
this year tail neafy 2 Per cent beio" tht March
average Of the las four years. and the customs re-
ceipts thcrcfrom fall p Yer cent h'.o" inc average
monthly estimates ordinarily the January req
ruary and March impf-tat!,ns Of SUGAR m2kc iuIly
onc-fourth 4 tho years Imports This I'm" ihcy
amount to LEES than >""n'eo pounds. AMI should
the reminder 81 ;hc scars imports 'tiruo nj M,
some rat the iota' mportat!ons - SUGAR for 1870
would fan 30 per coat below th.Hr = Js' year. an ]
the customs receipts from sugar nearly ~ PER cent
be.lw ~" estimates