The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1885-09-07

good news of an improved tone in
Hawaiian Commercial stock, An
excellent feeling has been created in
this respect in consequence of the
favorable reports from the islands of
the coming crop, which is estimated
at fully IL, 700 tons. 1t is expected
that this will not only relieve the
company from all Indebtedness, but
also place large margin to profit
account, consequently the capitalists
of California are being attracted to-
ward such good investment, which
has fully secured their confidence.
Stock recently offered for sale has
been placed in firm hands, where it
will bc maintained, and the quantity
now on the market is very limited.
Latest quotations were sales of $50
shares at 6g, sellers asking 65."
L sec," remarked the reporter,
Z" that it claims 200 tons, and
that is within 1000 of Spreckcls'
claim
"That's so, but remember who it
is making the claim, and also bear
in mind that deliberate statement
was made by the Superintendent to
the Directors in 1884 that the crop
would be IL, 900 tons of sugar, while
in reality it only turned out to be
less than 1000 tons. DO you not
recollect how plaintively Mr.. Bah
cock alluded to the deception of the
/ Superintendent"
"What was the crop in 1882"
almost nothing at all indeed,
statement was made by the Secre,
tary that it was so trifling that it
was not worth considering"
"What do you believe is the OBJ
ject now in stating that the crop will
be $4,000 tons?''
eff you can't see for yourself,
there is no use of my trying to en-
tighten you. The article in the Id
uertiser tells its own story"
Another gentleman in the grocery
business was asked about the al
legged state of incredulity said to
exist among the trade regarding the
probable tussle that the American
Refinery will give Spreckels.
"There is no doubt on the sub
iect at all among informed people.
They know that the men who have
recently entered the American Re-
finery corporation are able and in
earnest, and they rely on their state
ments."
''But it is said that the California
Refinery will handle at least $4,000
tons of the Hawaiian product"
"That is bosh. Spreckels himself
admitted that the American Refinery
had obtained control of So, 900 tons,
and the crop is not likely to exceed
10000 tons, if it reaches that figure.
That have on good authority
"Do you know anything about the
tendency of the sugar market?'
Eyes, l do, and my information
don't agree with the statement that
all the markets of the world are
showing an upward tendency. 1t
is q moot question whether sugar
won't go still lower. l think that
all the statements to the contrary
are simply made to boost up the
stock of the Hawaiian Commercial
Company"
(Merchant, Aug. 2SM.)
A revolution in its way has hap
pened in San Francisco grocery cir
cles, also in the future trade rela-
tions of some of the Hawaiian plant
ers with this city. 1t has hitherto
been customary for most of the
Island sugar growers or their agents
to sell their produce to the Califor,
mia Refinery, receiving cash on ar.
rival of their sugars at this port ac-
cording to the market quotations OF
the basis on which they were sold.
This basis has been changed from
time to time, from Manila to Cuba,
and back again, at the request OF
the planters themselves as they
thought that the market would rule
in their favor. Sometimes they
have benefited by the change anG
sometimes they have lost by it. Ac.
J cording to published statement il
one daily paper, which is as unre.
liable in its information concerning
,, Hawaiian affairs as it is possible t(
be, the American Refinery of thi,
city has now entered the so-calle(
, field of monopolists and controls tn,
, Hawaiian sugar product, having
purchased, by contract, some So,
900 tons of the coming crop. Thi
it is supposed will leave only 20,00'
tons for the operations of the Cali
fornia Refinery.
Granting, for the sake of argu
ment, that the American Refiner,
does purchase 30, 600 tons of suga
: within the next year, part of whicl
8 will arrive in about four months
I we should like to know what the,
e propose to do with it. With it
i present facilities this Refinery ca
n | al u