The Hawaiian gazette., 1888-04-24
COM mER CIAL.
K0YoLULr. APRLL "a. 1855.


The arrivals from foreign ports, during the
week, we're the VIM. G. Irwin, the Discovery
and the VIM. B. Godfrey frora San Francisco,
the Morning Star from Micronesia, the
Veritas from Newcastle and the Russian
msn-of-war Razboynik from Msrquesas and
Cslao.
The departure wore the Robert Sadden
ffrom KahuluiJ. the S. n. Castle, the Lady
LsInpson, the Natuna and the VIM. G. Irwin
for San Francisco, with cargoes of an aggre-
gate value of 1878, 1917.
The principal receipts of produce from
domestic ports were 4S,7S6 bags sugar, $40
bags rice, 1,312 goat skins and hides, 343
live stock, 195 bags ava and 40 bags coffee.
B,adstreer's, March 24tb, says that Sir
Bernhard Samuelson, president of the Asso-
citation OF Chambers of Commerce, in his an
nuRl address congratulated the members on
the recent Improvement in trade, especially
IN the development OF the British mercantile
marine. This improvement has made itself
felt in stimulating the production and con-
sumption OF iron and steel. Regarding the
increased production Of iron and steel in the
United States, he said that though this in
creased production does not affect the trade
of the United Kingdom in neutral markets,
vet II was worthy Of attention that, whereas
United States was only one-third that of the
United Kingdom, it has increased from year
TO year till last year II amounted to more
than seYsn-eighthS of the production of the
United Kingdom. He said that whenever
the time arrives that ships can be built IL
America Of duty-free materials, or be i'm
ported for registration here, the time will
also have gone when nearly all the enormous
trade between the two countries will, as now,
be carried in British bottoms
The iron and steel exports from the United
Kingdom to the United States in February of
this year amounted to 1886 tons besides
engines and machinery valued at e65, 1886.
against 127, 443 tons and ef4,516 worth of
engines and machinery during the CORES
poDding month of 1887.
AessrE. Willett, Hamlen & Co. have the fol-
lowing on the sugar situation:-Centrifuga
sugar Of $50 test is the standard of raw sugar,
and granulated is the standard of refined
sugar. In 1884 the average difference in
prices OF these two standards was &c. per
pound, in 1886 1t was &c. per pound, in 1886
Il was II Ice. per pound, and in 1887 to Oct
ober the average difference was 5Ec. per
pound. In October, 1887, the average differ
ence was &c per pound, in November it was
&c. per pound, and in December &c per
pound. In January, 1888. the average differ
ence was 3-l6c. per pound, and in February
lze. per pound. The cost of refining, in
GLIDING loss of weight, is covered by &c. per
pound between these standards In 1888. all
the non-trust refneries, say two in Philadel-
phia, one In Boston and two in San Fran
CISCO, will be run to their fullest capacity.
and should melt about $40, 900 tons sugar (27
per cent. OF entire production) which will
leave az least 1000 600 tons to be melted by
the Trust" rehneries, or say 70 per cent. Of
entire production. One million TONS at 24O
&c 9 i.
which, at the present difference of l1ic. per
pound between the two standards Of raw
and refined, gives &c. per pound net profit,
or say Sl4,OOO,OOO net profit TO the TRUST
for the year. The capital of the "Trustn is
said to be about S450Oo,OOO to $50, 600 600,
which represents say $15,0OO,eOO to $40, O0O,-
OOO original value of the separate refneries.
and say S3O,OO0,OO0 to $35, 900 added as
value of the Trust organization.
The Rothschild Company are shipping $780,
600 barrels of oil from Russia to ENGLAND
this year. A London firm has chartered two
tank steamers, bought third, and are about
ordering two more of $500 tons OF oil capa-
city each, IN connection with the arrange
nent- The oil will be equal to the finest
water-white oils refined in America
The importations of American Illuminating
oil into Russia on the Baltic and White seas
decreased from 7,403,S6O gallons in 1873 to
Zi5,O41 gallons IN 1856, and none whatever in
1887.
The exports of petroleum from Russia, in
1887, were 55,4S9, lS5 gallons which was T.
129,O5O gallons sent from sources of product
ion to other points in Russia, gives a grand
total of 62,6ls, 235 gallons.
The ships built in Maine last year apgre-
gated Il, 455 tons, as against 1896 tons in
the previous year
Rafh l.,
hand, including one steamer, two steam
yachts, and three 10OO-ton schooners. The
last named are for the coal-carrying trade.