The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1888-11-26
OUR SAN FRANCISCO LETTER.
san Francisco, November 18th. per SIS.
Alameda"
From our Special Correspo ident)
The Sugar Situation.


The Sugar Situation.
There has been no change in the raw
sugar market since November LIST, when
the price quoted for 96 degrees was Ga
cents. The cargoes of the G. r. Bishop,
Lady Lampson, W. S. Bovine, and G.. D.
Bryant have come to hand since that
date and should realize 81 cents per
| pound, less the regular reduction of y
cent.
In the local refined market there was
no change till November 10th when an
! advance of g cent was made, placing
granulated sugar at 61s cents.
Willett and Hamlen's circular of Nov.
| 9Th 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
| 200, 900 tons or more The total stock in
all countries on October 1st was 391 ,035
| tons against $50 ,622 tons last year.
Mr.. Andrew WEIGH has visited the
jacksonville beet sugar factory and ex-
pressed surprise at the extent and COM
pleteness OF the works. Later a 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 it's
own sugar.
The annual meeting of the Hawaiian
Commercial and Sugar Company was
held on the 18th inst The report
showed that the years crop had been
sold at an average price of 1857 per ton
net, the crop amounting to 10 1914 tons.
The expenses for the year have been
$6l3,935 and $4,000 interest on bonds,
making the cost of production less than
cents per pound delivered in San
Francisco. The profit for the year was
S222,916. At least $100,000 of the bonds
will be paid off on April 1st next There
have been dividends of 20 cents per
share each, and l Of % cents per share.
The present crop is estimated at Is 900 |
tons of sugar, and the price now is $115 |
net or $50 per ton more than the average !
of the last crop. The cash on hand is !
S66, $50, 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 s., $751; |
364.31. The following Directors were |
elected Tor the ensuing year: IL. L. |
Dodge, j. D. Jewell, Moses Resented, !
j. d. SpreCkels, Claus 4. Spreckels. The |
officers elected were: j. d. Spreckels,
President; J. q. Jewell, President: |
{. 4. Spreckels, Treasurer; +. H. Shell |
don, Secretary.
There are now three cargoes of Java
sugar on the way to the American Re-
finery, one coming by steamer and two
has sprung leak and put into Hongkong
Tor 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
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
throughout California during the past
few days.
The coal mines along the Afononga-
lela river near Pittsburg are to be shut
Town, throwing 5000 men out of employ
nent /
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 a boy ,
oft will be placed upon American goods,
UGH as flour, petroleum, firearms and I
Try goods.
John D. Spreckels is mentioned for the
'osition of Secretary of the NAVY in Har- I
ison's Cabinet. His name has been
veil received. S
The McCue carriage factory and Fink i
Sch!ndler's furniture factory, 1911 to d
3l9 Market street, S. F., have been de-
troyed by fire. a
Hon. Joseph Chamberlain, of Birminc l
am, has been quietly married at WASH a
lgton to Miss Mary Endicott, daughter [
the Secretary of War
The .. r. and n. Co.'S steamer Bo- If
ANA ran on rock in the Willamette 0
yer an is total loss. She had a /
eavy and valuable cargo. Y
Broker Curdon CorWith of RrooLlvn
as been arrested for appropriating $500 fl
10, the value of 400 carloads of lead be-
'nglng to the firm of n. Corwith & Co. fl
Mr. David Walker and Mr.. Herbert
aIrtax OF the Sydney Y. NJ. c.. A. are v
stunning home by the Alameda after
tending the \ III. G. A. conference at fc
tOckhOlm.
The Supreme Court of the United f
ates has denied the application for
rlt OF habeas corpus made bv JUDGE S
cry, who is now in Alan eda Jail for T
'ntempt of Court. -
Inspector Bonfeld, of the Chicago Po-
'e, reports that the Anarchists Are
ore strongly organized than ever. and
I've planned an uprising for the HIM :
edith anniversary of the Fall of the
astile - VIZ
The Alameda has been detained for a
y owing to a delay in forwarding the