The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1889-03-07

statements made, or opinions expressed Dy our /
espoudents.
The Other Side Of the Refinery Cues |
ton.
Mr.. EDITOR: Since the arrival of /
the steamship Alameda, on the 18th
ult., the columns of some Of our local
papers have teemed with correspond
ence, purporting TO be from regular
correspondents in San Francisco,
predicting ruin to the Sugar Rein
cries Company of New York, the
American Sugar Refinery Company
Of San Francisco, and sore distress
to all persons in the sugar business
of this Kingdom who do not send
their sugar to the California Sugar
Refinery. These predictions have
been emphasized and endorsed, SO L
am informed, IN strangely similar
phraseology, indicating, possibly,
common source, by an officer of the
California Sugar Refinery Company
now in this city.
As you can have no interest in pre-
venting your readers from hearing
the other side of this sugar matter,
it seems to be wise to make quota
tons from private letters received
by the Australia.
Touching the cargo of the West
meath, writer says: "a decision IN
this matter has not yet been formally
rendered, though it IS now an open
secret that both the New York and
! Boston experts have been unable to
pronounce the sugar artifcially col
| ored The Custom House people
here admit that they have informa
ton, making it all but certain that
the case will go against them, and l
wish to impress you with the fact
that we have not the slightest doubt
of the ultimate decision in this mat
| ter. It seems as If the present adj
ministratiOn were trying to leave for
the incoming one the settlement of
this matter This we have to avoid,
if possible, as we would like the
same parties who made the unjust
accusations to be compelled to re-
tract them"
Touching the case against the
American Sugar Refining Company,
a correspondent says: "The facts as
stated by counsel, two of the ablest
men at the San Francisco bar, are
these: The attack against the Amer
lean Refinery is an exceedingly weak
one, judged from any legal stand
point, and while counsel admit the
possibility Of a decision adverse to
the refinery in the lower court, they
say that the refinery has little or
nothing to fear when the case is re-
viewed on appeal to the Supreme
Court Pending the result of this
appeal, which it will take year and
half to reach, the refinery has a
right to stay of proceedings, and
the business of the refinery will not
in any way be interrupted. We are
, to-day the lowest market in the
world for refined sugar, taking duty
into consideration; this is owing to
| the depressing of prices by the Cali
fOrnia Refinery The American Re
finery protects its trade by meeting
, every decline. The American dis
, tributed in January fifty per cent
J more sugar than the California, and
more than double figuring on the
! local trade exclusively. The same
proportion, approximately, will hold
} good for February. Raw sugars are
improving in New York, and we be
| lieve that higher figures will prevail
I during the season"
OF the Sugar Refneries Company
5 of New York, better known as the
Trust, the writer says: "Since Judge
: Barrett's decision against the NORTH
River Sugar Refinery Co. was ut
tered, a decision by the New Yorl
< Court of Appeals, in the case of the
;. Old Dominion Steamship Company
bears so strongly against the argu
5 ments of Judge Barrett, that the
D lawyers for the Sugar Refineries Co
/ in New York feel more than eve1
confident of the ultimate reversal O
Y his decision. Certificates of th'
q Sugar Refneries Co. are quoted il
New York at $685. bid, formerly S75
= 1t is said that the rise is partly
caused by purchases of a German
n banking house"
q j. 0. CARTER.