The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-12-03
SUGAR IMPORTS REVIVE.
DIN9LEY TNRIFF PROVING ITaELF
a REHENUE RAISER.

btEurea That Cemfound the betrhc'ers u
the haw-why the Inportntions OF suEsr
Fell OF az First Under n, ana Why
Thsy Are Now HncrcasinE Hand over HAND
Those who, have been crying out about the
failure Of the sugar schedule in the Dihgiey
law as n revenue raiser must mako the most
they can Of tho next few weeks, for the tide has
turned. as It was prophesied 1t would, and sugar
is again beginning to. come into this country IN
large quantities. As q direct result OF this the
law is already beginning to show its emoacy'
and by the end Of tho presonttascal year. whue
tho actual amount of sugar imported under the
Dingley law will be less than tho amount I'M
ported In the corresponding part OF the iast
fiscal year undor the Wilson law, the revenues
will be greater. On the other hand. the next
calendar year will show IN increased importa'
ton and q revenue at least double that under
tho Wilson law.
Tho monthly statement Of the Bureau OF sta
tistics at Washington, just issued, shows that
the total imports Of dutiable sugar for the
month Of October amounted TO 1s2,99s,945
pounds. valued at S~3,643,613. This is an in
crease Of nearly $4,000. 900 pounds over the
amount OF sugar imported in September. The
statement shows that tho backbone Of tho dull
est season in the history Of sugar importa-
ton has been broken; that the enormous re-
serve stock of sugar that was rushed into this
country last spring and in the carly summer In
anticipation Of the increased duties under the
DinRley law is at last becoming exhausted. 1t
was the smallness Of the sugar imports since
tho Dingley law won't into effect last July that
the opponents of the law have used as q basis
for their outcries, saying that the great in
crease Of the duty would keep out sugar and
thereby the law would fail in its purpose.
Absurd as this argument was. It found believers
and knew nave nRpn making the mnSt nf III ever
since.
When 1t became an assured fact that a new
on sugars, raw and refined. would be materially
Increased. importers started in to buy up all
country before the law went into effect. AS n
result result OF this, when the new law went Into
100000 tons. Tho total importation of sugar
In q year amounts TO. about 1000, 900 tons,
was six months or more supply on hand. Tho
heaviest importations of sugar are In tho early
S %aps q v %Sn iarso @ stacE on Of A augsr l on there snnd Is a al.
eraging about 100000 tons, so that double the
usual stock s,E, vas in this country when tho
dropped from an a%bnormally high mark at once
to tho lowest point Known. Consequently tho
giving food to the ahti.tariff howlers.
AftSSording to Supervising Jacobs 5
enormous surplus has now been used up, and
the remainder is being consumed at the rate
of about 81, 900 tons u week. The normal sur
plus stock for this country is 200. 900 tons,
and therefore by Feb. l the importation will
have resumed its normal condition.
"The great stock Of sugar on hand last sum-
mer,' said Mr.. Jacobs yesterday, sis being ex.
hausted rapidly, and while its importation will
make the present fiscal year small in COMPARE
son with the last, the next year will make a
great showing. I estimate the revenues from
sugar for the calendar year of 1893 at about
$4s, 900 900. The increase of duty is not going
to make the least bit Of difference in the
amount imported. The United States pro.
duce only about one-seventh of the amount
they need. Tho rest must come from abroad.
With an average duty of $l.54 per hundred
weight against So cents, and with counter
yailing duties against bounty supported sugars,
tho difference in the price to the people will
not amount to more than one-half a cent a
pound. Tho country is constantly growing.
and with it the consumption of sugar must
grow. Tho countervailing duties will be quite
considerable, too. The greater part of oul
beet sugar comes from Germany, and the coun
tervailing duties ON that are 80 cents q hundred
pounds on refined and 81 cents on raw: Under
the old law 1t was 10 cents on both. With thu
exhaustion Of the present stock of sugar i'm
gortations will soon reach their normal volume
The coming calendar year will show fully VIVA
the Dingley bill can do" 80