The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1889-11-18
OUR SAN FRANCISCO LETTER
Per s. S. Australia, San Francisco,
November 8, 1889.
(From Our San Francisco Correspondent
The Sugar Market.

from Our Odu rTdllClSCO OoTTeSpOHueHI.)
The Sugar Market.
(Continued.)
Consul Turner, at ST. Thomas,
West Indies telegraphs 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 1900 pounds each.
In connection with the report of
the formation of 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 will 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
jacksonville regarding the result of
this years harvest are very fattering
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
big plant in the Chino ranch in San
Bernardino county. It is asserted
that the land will clear $500 a year
in refined sugar.
It is estimated that the output of
the beet sugar factory at Watson
Vile will be 2,4O0 tons this season as
against 1000 last year. Much of the
product of 1889 has gone as high as
SO per cent. IN saccharine matter.
The Hawaiian Commercial and
Sugar company will 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
narrow-gauge line twelve miles long
from the Moro Colo ranch, near Cas-
troville, to the refinery and factory
at jacksonville. The route of the
proposed line has been surveyed and
it's construction will, it is said, be
commenced almost Immediately.
From the ranch the line will pro-
coed along the Salinas river below
Gibson's Landing, it will then skirt
the beach and run along the Pajaro
creek for six miles to the factory at
Watsonville.
A Philadelphia dispatch says that
the first cargo of sugar destined for
Spreckels' new refinery, LOO tons,
is on the way now from Batavia.
The sugar Trust is now furnishing
So per cent of the output, against 70
per cent in 1883 and 65a per cent for
the first six months of 1889.
Claus Spreckels is soliciting orders
for sugar from his new refinery at
Philadelphia, now about ready to
start. Selling agents have been
appointed in Boston and other At
lantic cities.
A paragraph is going the rounds
Of the press that the sweetening
power of beet sugar is only about
one-half as great AS that of cane
sugar. This is not true. Where the
purity is the same, the sweetening
power is the same.
Referring to statement of the
sale of Trust refinery to Havemeyer
q Elder, the Boston News bureau
says: at is stated by one familiar
with the sugar business that this is
probably meant to refer to the Am
erican refinery in California, which
the courts have decided the Trust
cannot legally operate. The Trust,
therefore, sold it to private parties,
under contract that it be operated
for the benefit of the Trust.'' The
New York Sun, in endeavoring to
throw some light on the decline in
Sugar Trust certificates, says: ''The
depreciation in raw sugars held by
the Trust is estimated at from
100000 to $5,000,OOO." The same
paper prints five columns of an Eng
lish Court decision upholding the
principle of trusts and pronouncing
them legal.
In letter to the New York papers
Claus Spreckels emphatically denies
the reports that are in circulation in
the East to the effect that he will not
operate his Philadelphia refinery
himself. Upon that subject he says:
''My refinery in Philadelphia was
not built to be sold, and I have never
had the least intention of disposing
Of it. I never asked the Trust to
purchase my California refinery, and
never named a sum for which it
could be bought, but have been