The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1888-11-14
OUR SAN FRANCISCO LETTER.
San Francisco, November 9th, per ;. 3
Australia.
CFrom our Special Correspondent

25th, twelve days before the departure OF
the Australia, my present summary begins
after that, as it is more than probable
that the sailing vessel will reach Homo
lulu before the steamer.
Points on Sugar.
The market for raw sugar has again
hardened, and, on October 31st, the
price advanced to Ga cents for 96 de-
grees. The cargoes OF both the G. K.
Bishop and Lady LampsOn will obtain
the benefit OF this advance. Eastern
refners were short OF supplies and had
to purchase of spot stocks, but when ar
rivals from abroad come to hand the
price will probably recede a point or
two.
The San Francisco market for refined
sugars commenced to decline on Oct.
Both, the reduction being 4 cent. On
the following dav there was a further
reduction Of Is cent, and of d cent on
Nov. LIST, and IS cent on Nov. 9Th. The
price 10 graduated is now ga cents,
Tor cube and crushed rs cents.
The corner stone OF the Spreckels re-
fnery at Philadelphia was laid by Mr..
A. B. Spreckels on Oct. goth. Congress-
man Bingham delivered an address re-
ferring to the growth of tine sugar indus
try and the part played therein by Claus
Spreckels. The filter house is built up
to the fifth story, and the brick work for
the sugar house has commenced. The
piers of this building are eight feet
square and the walls four feet thick.
About 30 600 piles are driven for each
building. The boiling house will have
900 horsepower from Babcock and
Wilcox steam boilers. The Westinghouse
system of electric light will be used and
the works are in course of construction.
At jacksonville some of the farmers
have delivered all their beets, and the
| factory is running to its utmost capacity.
About 400 tons of sugar have been sent
to San Francisco where it appears to give
satisfaction. Mr.. John d. SpreCkelS has
been there for the past week, and Judge
Widemann has paid a visit to the factory.
The Louisiana sugar crop Will not eX-
| coed 225 900 hOgsheads.
Hawaiian Commercial stock holds it's
| own at $33 per share. The annual meet
| ing OF the company will be held on Nov.
Is.
The London Economist does not anti
| cipate that the value Of sugar will be
| lower for the next twelve months.
A suit was begun yesterday by Attor-
ney General Johnson against the Amer
| lean sugar h6uuGTS COuI pdIlyJ " ain III
! its charter on the ground that 1t joined
| an illegal body, viz: the Sugar Trust.
The Rice Market.
New Hawaiian has been coming upon
the market for several weeks, and though
the arrivals have been liberal prices are
we'll sustained. Doubtless the condition
| of the Carolina crop has contributed to
| this state of things. Eastern Rice is the
| only kind that comes directly into com
petition with Hawaiian. There is no
difficulty in selling the better grades at
| &c. and upwards in New York. So long
as this is the case, holders of Hawaiian
in this market need have no fear of COM
petition on account OF imports of Carroll
ma from the East.
Experiments in rice culture are being
maze in California. Last spring Mr..
l.. f. Moulton planted some Carolina
rice on his low land on Butte Creek, and
he regards the experiment as a success.
He has 5000 acres adapted to rice and
the Croker Estate has 1000 or more
acres.
The Louisiana rice crop will be fully
80 per cent short.
The Political Situation.
The Presidential election takes prece-
dence of everything, business included.
AS this, the eventful day, has approached
it has become more and more apparent
how great is the interest in the result.
Nothing is talked about but politics. The
papers are full of the same subject, and
the assertions made by the organs of
both parties can be taken with a very
large grain of salt. Each side accuses
the other OF corruption, and If both are
to be believed, there cannot be an hon
est voter in the whole United States.
The proceedings have, so far, been gen.
orally orderly. A clash occurred in New
York between colored Republicans and
white Democrats in which some fifty men
were wounded. On Saturday afternoon,
Nov 3D. 70, 900 Republicans turned out
in New York, and nearly as many Dem
ocratS in the evening. On the evening
of Nov. I'd the San Francisco Democrats
had large and imposing procession, and
on the following evening the Republi-
cans turned out in force. Each process
sion occupied about two hours in passing
a given point, but the Republicans sur
passed in splendOr and in numbers.
They walked faster than the Democrats,
had more men in each line and were
closer together. The Democrats strag-
gled along slowly with large spaces be-
tween their divisions. The estimates of
the numbers of each, in rank, vary from
5000 to 10000, according to which paper
was estimating. The streets were
thronged with spectators and the parade
of Saturday night was probably the most
brilliant ever seen in San Francisco. The
whole town was blaze OF light, and the
handsome uniforms were seen to advan-
tage.
1t is impossible to predict who will be
the next President. Indications point
to a very large and close vote, the pivotal
points being New York and Indiana,
each party claiming them both by large
majority. The Prohibition party does
not seem to have SO much prominence at
this election, and may be it will be
largely merged back into the Republican
party, whence it sprung. The Demo