The Hawaiian gazette., 1890-07-29
OUR SAN FRANCISCO LETTER.
Fer :. :. Australia. SAN Francisco.
July rs. 1890.
tEroin Our Special CorreSpondent9
Sugar and Trade.

IrluSSl 10 VSSASSS S0S' SEanu-
lated Gle.
The local market is active but
there is no perceptible change in
the tone. Free arrivals of Ha-
waiian raw have offset the largely
increased summer demand and
both refineries have all they can
do. There is no alteration in the
situation in the East.
At meeting of the Sugar Rein
cries Company on June 3Oth Theo-
dore Havemeyer, Charles o. Foster
and ]. Z. Searls Jr., were empow-
cred to elect William F, Have
meyer, William Dick and Charles
.. Foster as trustees. 1t was an
nouneed that proxies for 1912
certificates had been received,
which insureS the existing manage
ment retaining control. A state
ment prepared by the trustees was
read, stating that they, with eoun-
sci, had under consideration q plan
for reorganization of the company
TO meet all the requirements Of the
State law The statement called
attention TO the fact that the Court
of Appeals decision was technical.
While it opposed monopolies it did
not attack the principle of pooling
the business of kindred interests.
Colonel J. c. Ref asked for finan.
eial statement of the company's af-
fairs, and demanded as minority
certificate holder to inspect the
books. He was referred to the
Treasurer, who, the Chairman said.
would furnish such information as
was thought proper to make public.
Theodore A. Havemeyer said in
formally, that the buyers of certi-
hcates should have informed them
selves before that the corporation
was not conducted like railway.
1t was no. to be expected the
earnings, etc, would be made
public, though they were accessi-
bic 10 all certificate holders.
The New York World on the
10th inst. said; The Sugar Trust
people and the authorities of this
State have buried the Ratchet.
Such was the story circulated
through Wall street late yesterday
afternoon and an investigation
proved that it had some foundation
4 fact. J. d. SearIs, Treasurer
ind General Manager of the Trust,
admitted that the lawyers and the
Attorney-General Of the State had
lad several conferences. Mr.. SearIs
aid, however, that no details were
agreed upon, but did not deny that
would be had under
he laws of this State instead of
Inder Connecticut or New Jersey
.harter. This, if true, means that
the trust or new corpora
ion will not be bothered with law
uits, and will pay taxes into the
Treasury of New York.
A circular letter received by Col |
ector Phelps from the Treasury
states that With a
lew TO securing uniform results in
he testing Of sugars ut the several |
,orts, s sample of sugar will be |
ested daily at each Of the sugar
ports, and portion of |
uch samples vii be forwarded, on |
he same day, for retest to the
United States Appraiser at each of |
he ports OF New York, Boston and l
Philadelphia, secured in q small tin I
OK, made air-tight with paraffine, |
nd marked with the name of the /
.ort and date of transmittal." This /
rider was secured by Claus Spree |
,els TO provide against discrinina-
ion against his Philadelphia re-
-nery in favor Of the New York /
efHers.
Attorney-GeneraI q. A. Johnson /
las been interviewed IN regard to |
he New York decision in the case
f the North River Refinery. He |
links that ultimately the AmerI- |
an Refinery in this city will be |
reated in 4 similar manner
The imports at San Francisco |
Turing June were valued as follows:
hawaii, 81, S23, Alb; Australia, $780,
SO. The exports for the same
month were as follows: Hawaii. |
.375, 900; Australia, SI23. 500; Ia |
liti, $50, 200; Marshall Islands, |
4, 300
Blaine on Sugar.
On the 18th inst, Senator Frye
-eceived q letter from Secretary |
Blaine regarding the proposed re-
iprOcity treaties with South |
American republics, by which their |
ugar would be admitted free of |
.uty. Blaine, it seems. Is In favor |
+ giving all those countries the |
anne advantages as are now pos |
essed by Hawaii In reply to this
etter Of BIaine=s, Frye answered |
s follows: