The Hawaiian gazette., 1888-11-27
OUR SAN FRANCISCO LETTER.
San Francisco, November 18th, per SIS.
Alameda
From our Special Correspondent
The sugar Situation.


The sugar Situation.
There has been no change in the raw
sugar market since November lst, wher
the price quoted for SO degrees was 81
cents. The cargoes OF the c. R. Bishop
Lady Lampson, W. 5. Bovine, and C. D.
Bryant have come to hand since that
date and should realize 81 cents pei
pound, less the regular reduction of-1a
cent.
In the local refined market there was
no change till November 18th when an
advance OF y cent was made, placing
granulated sugar at 67s cents.
Willett and Hamlen's circular Of Nov.
Sth says that stocks in the world and
crop prospects are favorable for higher
prices. The Louisiana crop is proving
much less than anticipated. The Cuba
crop is improving and promises to equal
last years. Beet crop reports are some
what conflicting, and estimates vary
2O0, 900 tons or more. The total stock in
all countries on October LIST was 39l ,035
tons against 550, 622 tons last year.
Mr.. Andrew Welch has visited the
Watsonville beet sugar factory and eX-
pressed surprise at the extent and COM
pleteness of the works. Later special
car took down the Hons. Tom Reid OF
Maine, w. II. Dimond, G.. n. FELTON,,
w. w. Morrow, Phelps, DR.. Burrows
and Mr.. Claus Spreckels, and the politi-
clans were agreeably surprised to find
America could now proftably produce its
own sugar.
The annual meeting of the Hawaiian
Commercial and Sugar Company was
held on the 10Th inst. The report
showed that the years crop had been
sold at an average price OF $S5.57 per ton
net, the crop amounting to 1854 tons.
The expenses for the year have been
1913 1886 and $4,000 interest on bonds,
making the cost OF production less than
3 cents per pound delivered in San
Francisco. The profit for the year was
$222, GIG. At least 100000 OF the bonds
will be paid off on April 1st next. There
have been 3 dividends OF 20 cents per
share each, and l of % cents per share.
The present crop is estimated at $4,000
tons OF sugar, and the price now is Sl15
net or $50 per ton more than the average
OF the last crop. The cash on hand is
$66,SS0, and the first OF the new seasons
sugar is daily expected There are good
prospects for the crop of 1890. The sur
plus OF assets over liabilities is 81 $751;,
364.31. The following Directors were
elected for the ensuing year: H. L.
Dodge, j. D. Jewell, Moses Rosenfeld,
J. D. Spreckels, Claus A. Spreckels. The
officers elected were: J. D. Spreckels,
President; j. g. Jewell, Vice-President;
C. A. Spreckels, Treasurer; E. H. Shell
don, Secretary.
There are now three cargoes OF Java
sugar on the way to the American Re-
fnery, one coming by steamer and two
by sailing vessels. One OF these ships
has sprung leak and put into Hongkong
for repairs 1t was expected that the
sugar would arrive during the dull season
before the new Hawaiian crop came to
hand.
Some American Affairs.
Congressman Perry Belmont has been
appointed U. S. Minister to Spain.
Mrs. Jay Gould and Hon. VIM. H.
Barnum are both reported to be dying.
Very heavy rains have been falling
California during the past
few days.
The coal mines along the Mononga-
hela river near Pittsburg are to be shut
down, throwing 5000 men out of employ
ment.
The Steam Gauge and Lantern Co.'s
works at Rochester, N. Y, have been
destroyed by fire and dozen men were
burned.
1t is reported from China that boy |
colt will be placed upon American goods,
such as flour, petroleum, firearms and
dry goods.
John D. Spreckels is mentioned for the |
position OF Secretary OF the Navy in Har- |
,ison's Cabinet. His name has been
well received.
The McCue carriage factory and Fink |
& Schindler's furniture factory, 1911 to-
1919 Market street, S. F., have been de-
'troyed by fire.
Hon. Joseph Chamberlain, OF Birming
nam, has been quietly married at Wash
ngton to Miss Mary Endicott, daughter
If the Secretary OF War.
The o. r. and N. Co.'s steamer Be- |
lanza ran on rock in the willamette
liver an is a total loss. She had a
leavy and valuable cargo.
Broker Curdon Corwith OF Brooklyn
las been arrested for appropriating $780,,
100, the value OF 400 carloads OF lead be-
onging to the firm of n. Corwith & Co.
Mr.. David Walker and Mr. Herbert
Fairfax OF the Sydney Y. NJ. G. A. are
home by the Alameda after
the Y. NJ. G. A. conference at
stockholm
The Supreme Court OF the United
states has denied the application for a
writ OF habeas corpus made by Judge
Ferry, who is now in Alameda jail for
OF Court.
Inspector Bonfeld, OF the Chicago Po-
ice, reports that the Anarchists are
nore strongly organized than ever, and
ave planned an uprising for the hun
redth anniversary of the Fall Of the
'astile.
The Alameda has been detained for
ay owing to delay in forwarding the
lails from New York. She leaves with
yer 100 cabin passengers, 100 of whom
o through to the Colonies, and full
argo, having refused $50 tons.
Nellie B. de Garcia, Harry Wild, S. o.
}. Billy, j. G.. Green and W. W. Knott
ave been arrested on large number of
harges OF conspiracy and Matchmaking
4 connection with low sheet called the
Enterprise that they published.
Rear-Admiral Charles II. Baldwin is