The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1890-11-15
Our san FRANCISCO LETTER.
Fer Steamer Australia, San Francisco.
November 1890.
(From Our San Francisco Correspondent.

/ I
New York, Nov. 9TH Cuban centri-
fugals, 96 degrees, cents; graduated
ga cents.
The local market is about steady and
the demand is slack as is usual at this
season OF the year. The Eastern market
is without feature.
The application for receiver for the
Sugar trust was argued before Judge Pratt
of New York on the 3Oth ult., but he re-
served his decision in order to allow the
publication Of new plan for re-organ-
izing the Trust. This plan provided for |
the issue OF s25 600 900 OF I per cent pre- |
ferred stock, S25, 900, 900 Of common
stock and 100000 in bonds secured
by mortgage. 1t was also stipulated
| that all certificate holders should get
| half the face of his certificate and 800
| cash. The statement showed the assets
to be 500, 537 1886 and the liabilities
So 794, ISL leaving the net assets Sll 49,
654.
On the Sd inst. Judge Pratt handed down
| his decision in which he says that the
| receivership is necessary and that two
receivers should be appointed. The re-
|
properties and moneys OF the Trust. 1t
is understood that no person Identified
directly with the Trust will be appointed.
As soon as the decision was known
there was a run on the stock OF the
Trust. Certificates dropped from 64
to SO.
Contradictory reports are afloat about
the French beet crop. A Paris special
TO the New York Mail and Express says
the French beet-root crop is failure
1t is estimated the falling off from 1880
2 is 600 900 900 pounds This however is
| denied. Mr.. LIGHTS latest estimate
shows that the worlds crop will be 125,-
coo tons more than last year.
:. Cuba is almost in a state OF insur-ec-
, ton SO strong has the pressure become
i for reciprocity with the United States
a Democratic Sweep.
q The election came off on the 4th inst
and resulted in a great Democratic
n sweep in almost every State except Cali
O fornia The States OF Massachusetts
Connecticut and New Hampshire wen
e Democratic on the tariff question. New
II York elected a Democratic Legislature
ensuring Democratic senator to sue
~ coed Evarts. Indiana went Democratl
le by 10000. McKinly was beaten in Ohio
% and Illinois has elected Democrat
Legislature which will place Palmer /
y the Senate. The Republicans wer
;, beaten in Kansas, Nebraska, Iowa, til
- Dakotas AMI Wisconsin by an alliance {
I. the Democrats and the Farmers All
10 ance. Pennsylvania elected Pattlso
Dem. for Governor, but the rest OF til
y. Republican ticket is elected. 1t is est
IF mated that the next House will have
Democratic majority of over 100, an
sd when it convenes the Republican mine
is rtv will be clear out of sight. TT
Democrats in the East are rejolcir
greatly over their victory in getting col
as troll of congress, and the English al
- French journals are with them in CLAIM
W ing victory for Free Trade.
is A different story, however, is to
told in California. Markham (Rep.)
he elected Governor by about 10000 majc
On itv, and all the State offices are Repub
III can. The Congressman just elected a
III all Republicans, the Democrats losil
en- Clunie in the Fifth and Biggs in 4
ar Second. In San Francisco the Repub
cans made as clean sweep as tn
o. could, the Democrats not even getting
nt- supervisor or school director. ODc
nell polled over 5000 votes for may'
ne and stood second on the list, Sanders
(Rep.) being first.
Consular Reports and Trade.
A dispatch from Washington say
nd Consular Agent Furneaux at Hi
CIV speaking of the new line of steamers
the San Diego Steamship Company,
eW run monthly between San Diego a
BILE Hilo, says the merchants of the lat
o.. place are greatly pleased and have gu
lu- anteed their freight as far as possible
Inf no Loot
saws: sit may be of interest to the
yer partment to know that there are eli,
inc sugar plantations located in the Il
district Welding this season, approx
atelv, So 500, 900 pounds, or about o
the fourth of the crop OF the Hawai-
on Islands Only two OF these plantatl'
ship their sugar direct. The remain
Ia six ship by the way of Honolulu.
o,or Mr.. Furneaux closes his report as
81 lows: Z" In this connection | may sa
and is generally conceded that the divers
no of Industries will increase the wealth :
inheritance Of this island. Hawaii
IN which Hilo is the principal port, conta
ian an area of 100000 acres. There
large tracts of unoccupied lands, v
,ers suited to the culture of coffee, banar
8 q papays, pineapples, watermelons
other tropical fruits that would admit
lere transportation to the United Sta
eel where they would undoubtedly fin
7. market. am fully convinced that
IL introduction of steam cOmmunicai
the will add materially to the Importance
ORC Hilo as commercial port"
During the month of September
the exports from San Francisco to Austr
,nc- were valued at $9l $50, and to New
land at s17 1874. The imports from /
luer places were valued at 1892 $40.
IA The excellent consular report of {
w. Griffin, consul at Sydney, has
ere. tracted general attention in trade cir
ring as affording the best obtainable st
ment of the volume and value OF C
'uoF NAL trade. Mention was made OF
are report in recent letter to the ADV
.;o.s User. Consul Griffin warmly espol
i''S the subsidy system of encouraging I
and communication.
rice ha"aihan 'aoie'
The Chamber of Commerce met on
itaI- Dist ult., and after adopting resolut
light favoring additional harbor defenses
improvements of the city front, adol
PEI the following concerning the Hawa
ack, and Australian cable:
+bo Whereas, the Chamber of Comm,
of San Francisco has already urged
alue necessity for a trans-Pacific cable to
- Hawaiian Islands via Samoa and
Zealand to Australia, a necessity OF
creasing urgency; therefore be it
Resolved, that the trustees OF
s+r,s Chamber be respectfully requested
address official communications TO
with candidates for both Houses of Congr
requesting them to use their best eff(