Saturday press. [volume] (Honolulu, H.I.) 1880-1885, 1882-11-04

SAN FRAEcsco, OcropER u, 1882 The Reel
roey treaty has been introduced into California poll
tics in an obscure way, young mems Republican
club in Of the city wards has passed resolution
agains, the continuance of the treaty The effect Of
this may be as good the ChyoHifGSs insane spucr
ings from time time.
a dispatch from Washington says: The question Of
assessing duty upon sugar imported from the Islands is
again before the treasury department a report from
the collector Of customs at New York. In the in
point which is regarded case, the collector has
assessed duty on a cargo Of sugar from the Islands.
Protests were filed against this assessment on the
ground that the sugar was exempt from duty under the
provisions Of the Reciprocity Treaty with tho Islands.
It was cou,ended on the other hand however, that the
sugar in question did within the terms Of the
treaty as it Of different class from those made in
the Islands at the time the treaty ratified In his
report on the subject the collector Of
that the case involves questions Of facts which he
not undertake to decide 1t is probable that the qucs
,ion will he referred to the collector San Francisco
in order TO determine whether the sugar in question
Of class be included within the terms Of the treaty
The stock Of the Hawaiian Commercial Company has
met with a bad break. This company was incorporated
here about years ago, with capital Of SIoooooooc
in 900 shares Of $1,000 each. few months this
was changed into 100000 shares Of the par value Of
Sroo each The paid in coin was two months
ago stated to be S2,loo,ooo. Profits amounting tc
ST. looooo are said have been invested in mills and
other improvements. Two months ago the stock adj
vanced to 90 and upwards The first dividend Of So
cents per share (S5o,ono) paid the 2Ist Of Au
gust The second dividend Of the amount was
paid last month One Of the largest stockholders has
lately returned from the Islands, and reported in favor
Of investing in land and other improvements sc
as TO extend the business. The recommendation was
adopted by the directors and the dividend for this
month was passed, and they will not probably be re
sumed again this year. As soon as it became known
that the dividend would be passed the price Of the stock
receded rapidly until las, Wednesday, when sales were
made as low as ,sH decline Of nearly so per cent
The stock sold this month has been principally on
account OF single holder who at one time owned
twentieth OF the capital stock 1t is stated that $9l,ooo
shares are held by persons who will sell Those
who have looked into the affairs Of the company say it
has done well during the past year and bid, fair dc
better next year
Las, Sunday night the ship Bremen, rs days from
Liverpool heading for this port, lost the south
side of the south faraones Her cargo consisted
OF s7oo Of coal, and vessel and cargo will he
total loss. All hands saved.
The market for sugar is unchanged in price, active
for refined and best grades Of raws
Rice is quoted at aho cash. The Carolina crop is
said be very good, which will operate adversely tC
the Island interest Imports Of rice from Honolulu
thus far this year, ssa6,6oi s In domestic produce
prices are advancing somewhat, especially Of hay
Of the great damage caused by early and
unexpected rains, which found much produce exposed
in the fields.
oeomargarine has again appeared in this market
and 1t is said the local factory has a capacity
cture daily 1900 bs the price Of which is 40 cents
Ran Wuop.