The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1889-11-19
OUR SAN FRANCISCO LETTER
Fer :. :. Australia, San Francisco,
November 5, 1850.

The Sugar Market.
! There is nothing new in the sugar
market. but Eastern adSices report
the demand very slack for refined,
and dull market for the raw pro-
duct, with large stocks in sight. OF
the latter market the New York
Shipping List says: There is in
reality no market for supplies of any
description or in any position, the
absence of demand being due to the
fact that refners both here and in
neighboring cities have all the stock
they require and care to carry in the
present condition of affairs, so that
the making of sales is not a question
of price" The latest quotation for
Cuba Sc degree test was Is.
Consul Turner, at St. Thomas,
West Indies telegrsphs the State de
partment at Washington that Santa
Cruz has made during the past year
an unusually large crop of sugar the
output being estimoted at 10000
hogsheads of 1.5O0 pounds each.
In connection with the report of
the formation of a steamship line at
Seattle by Minister A. P. Carter
comes another to the effect that the
reason that the line Is to be formed
is because another company in
which Carter is also interested in
tends to erect sugar refinery either
here or at Tacoma.
Claus Spreckels is still looking for
a larger field for operating against
the Sugar Trust. His latest move
is in an unexpected direction and is
said to have increased the anxiety
of the Trust managers. Spreckels
recently purchased large tract of
land in Algiers, Louisiana opposite
New Orleans and viii erect a large
refinery for the purpose of handling
cane sugar.
The beet sugar industry is begin
ming to assume an important posi-
ton and promises to soon become
one OF the great wealth-producing
interests in the state. Reports from
Watsonville regarding the result of
this years harvest are very hattering
and show that the raising of sugar
beets is far more profitable than
wheat. In Los Angeles county sub
scriptions are beng raised for the
purpose Of handling a beet sugar
factory and arrangements are about
completed for the construction of a
big plant in the Chino ranch in San
Bernsrdino county. 1t is asserted
that the land will clear $500 a year
in refined sugar.
1t Is estimated that the output OF
the beet sugar factory at Watson
Vile Will be 2,400 tons this season as
against 1,6OO last year. Much of the
product Of 1883 has gone as high as
9S Der cent. IN ssecharine matter.
The Hawaiian Commercial and
Sugar company viii hold its annual
meeting for the election of directors
on the 18th. of this month.
Claus Spreckels IS said to have in
contemplation the construction OF a
narr0H-gauge line twelve miles long
from the Moro Colo ranch, near Cas-
troTille, to the refinery and factory
at WatsOnviIIe. The route OF the |
proposed line has been surveyed and |
It's construction viii. it IS said, be |
commenced almost Immediately. !
From the ranch the line viii pro-
coed along the Salinas river below
GibsOn's Landing, it viii then skirt
the beach and run along the Psiaro
creek for six miles TO the factory at
4 Philadelphia dispatch says that
The first cargo OF sugar destined for
new refinery, 100 tons,
5 On the way low from Batavia
The sugar Trust Is now furnishing
8 per cent OF the output, against 70
Der cent IN 1883 and 65I per cent for
he first SIX months Of 1889
Claus Spreckels Is soliciting orders
ior sugar from his new refinery at
Philadelphia now about ready to
start Selling agents have been
appointed IN Boston and other At
sntic cities
4 paragraph Is going the rounds
# the press that the s1setening
1OEer Of beet sugar IS only about
Inehalf g great as that OF cane
I1gsz- This Is not true Where the
Jurity Is the same, the sEeetening
JOEer Is the same.
Referring to statement Of the
ale Of Trust refinery to Hsyemsyer
I Elder, the Boston News b1reau
sys- 1t Is stated by one familiar
nth the sugar business that this L.
lrObsbIy meant to refer to the Am
riczn refinery IN California, which
be courts have decided the Trust
snnot legally operate The Trust,
neref0re. sold It to private parties,
IndeE contract that It Be operated
0E the benefit Of the Trust The
lev York Sun, IN endezvoring to
aKOE some light On the decline II
agar Trust certificates, says: The
II raw sugars held By
b Trust i estimated at from
100000 to S5DO0O00.1 The same
zper prints I've columns Of IN Eng