The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-07-23
[STON WHOLESALE MARKET

commissioner Of Internal revenue az Wash.
ington has decided that the Zoe tax. doc.
not apply to oleo which takes it's color
from an admixture of pure Ingredients used
In manufacturing the product. Thus 1,
pure butter or cream or vegetable insre.
dent necessary to manufacture oleo give
1t color resembling that of butter the
increased tax is escaped and the decreased
tax can be taken advantage Of. The tax
to retail dealers has likewise worked 10
benefit the sale, On the uncolored this
has been reduced to zoe per month instead
OF S4s.O0 per year as formerly Denlers
claim that the number of those who desire
to handle II has been materially greater
and the efforts OF the retailer win be re-
doubled In getting the commodity in the
hands OF the public. OF course the trade
in colored oleo will be almost annihilated
and great deal will depend upon the
popularity which the article in its natural
color will attain. The fact Is neverthe.
less striking, and entertained by many OF
the dealers, that ultimately the use of
oleo Will become much more general and its
sale materially enlarged.
Czernikow Macdougall & Co. Of New
York say of sugar; There is very little
TO say as to the sugar market this week.
prices remaining unchanged, with very few
sales on the spot. comparatively large
busibHss has, however, been done in sugars
for shipment from Cuba at cost aud
freight price slightly above the equivalent
of 'i-16c for 80 degrees centrlfugals. The
spot quotations are 5-1Gc for 96 degrees
centrifugHls, . 13-1Gc for 50 degrees musco.
vndoS aHd -9sc for - degrees molasses
sugars. Molasscs sugars continue to com
mana a slight premium owing to their
scarcity. hut even with this premium the
returns they give to shippers are stlll more
fuinous than the returns obtaiued on mus
coNados and centrifugals. This arises from
the relatively higher duties they have to
pay, thus, on ahOVc Gyotations reduced to
I o, T.. basis, molasses sugars pay q duty
of over l30 per cent Of their 70 b. value,
musGoNados ll3 per cent aud centrifugnls
ITO per cent In addition 10 this deterrent
10 the importation Of low-Erade sugars we
have the heavy allowances per degree
which allowances show an increased per-
centnge on the present low prices When
96 degrees centrlfugas were worth 2lbc
9, f. and 50 degrees muscovados 2hc c. f.
! the allowance of 1-i6c per degree down
was equal 10 2l2 per cent on the value of
| centrlfugals and per cent on the value
Of muscovados and therefore, without
| taking Into account the extra allowance
| below 0i degrees Ia the one ease aud he.
! low 81 degrees In the other, an outturn so
| low as to call for an allowance Of de-
! grees would at that time he equal to 12h
per cent on the @. (. value OF 90 degrees
! centrifugais and to IA per cent on the value
! of 80 degrees muscoyodos Now. however,
| with U6 degrees centrlfugals worth only
! 1850 e. E. and 50 degrees muscovados worth
! only lasc G. T. the allowance Of Lice per
Z degree Is equal to nearly per cent on
/ the value of cenuifugals and to over Az
/ per cent on the value of muscovadoS and
/ on an Outturu the same MS that above re-