The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1890-07-26
OUR SAN FRANCISCO LETTER.
Per s. ;. Australia, san Francisco,
July Is. 1890.
tFrom Our Special Correspondent.l

tFrom Our Special CorreSpondent.l
Sugar and Trade.
New York July 18th, Cuban GEN.
tr.fugal 96 degrees 5 3-sc. granu-
lated 6ic.
| The local market. is active but
there is no perceptibIe 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 a meeting of the Sugar Rein
cries Company on June 3Oth Theo-
dore Havemeyer, Charles o. Foster
and j. Z. Searls Jr., were empow-
cred to elect William f. Have
meyer, William Dick and Charles
o. Foster as trustees. 1t was an
nounced that proxies for 235,942
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 coun-
sci, had under consideration 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. G. Ref asked for finan-
cial statement of the company's af-
fairs, and demanded as minority
!: certificate holder to inspect the
T books. He was referred to the
Treasurer, who, the Chairman said,
2 would furnish such information as
| was thought proper to make public.
!, Theodore A. Havemeyer said in
i formally, that the buyers of certi-
ficates should have informed them
e selves before that the corporation
It was not conducted like railway.
1t was not to be expected the
earnings, ETC., would be made
a public, though they were accessi-
J BILE to all certificate holders.
l The New York World on the
|" 10th inst. said: The Sugar Trust
. people and the authorities of this
,r State have buried the Ratchet
> Such was the story circulated
through Wall street late yesterday
e afternoon and an investigation
n proved that it had some foundation
e in fact. J. D. Searls, Treasurer
of and General Manager of the Trust
'ee admitted that the lawyers and the
a Acknowledgement of the State had
d had several conferences. Mr.. Searls
n said, however, that no details were
1t agreed upon, but did not deny tina,
y reorganization would be had under
&c the laws of this State instead o.
= under Connecticut or New Jersey
Of charter. This, if true, means tina,
a. hereafter the trust or new corpora
!, ton will not be bothered with law
=, suits, and will pay taxes into tn,
re Treasury of New York.
1 A circular letter received by Col
h. lector Phelps from the Treasury
"a Department states that: "With 1
" view to securing uniform results il
,e the testing of sugars at the severa
i ports, sample of sugar will b.
tested daily at each Of the suga1
"a importing ports, and portion o
Or such samples will be forwarded, OIL
= the same day, for retest to tn
r United States Appraiser at each o
he the ports of New York, Boston ant
a Philadelphia, secured in a small til
o. .. box, made air-tight with parafine
IN and marked with the name of tn
De port and date of transmittal. Thi
order was secured by Claus Spree
kels to provide against discrimina
ton against his Philadelphia re
I finery in favor of the New Yorl
e. refiners.
$. Acknowledgement G. A. johnson
- has been interviewed in regard t.
20 the New York decision in the cas-
of the North River Refinery. III
e. thinks that ultimately the Ameri
he can Refinery in this city will b
e. treated in a similar manner.
to The imports at San Francisc
ir- during June were valued as follows
n: Hawaii, 81, 1923, Alb; Australia, s1O6
Id $50. The exports for the sam
=. month were as follows: Hawai-
#. S375,000; Australia, s123, 800; TIA
hiti, $4,000; Marshall Island:
ne $4,000.
IT. Blaine Sugar.
NJ NJ On the 14th inst, Senator Fry
received a letter from Secretar,
ne Blaine regarding the proposed re
to ciprocity treaties with Sout
IL American republics, by which thei
7" sugar would be admitted free c
duty. Blaine, it seems, is in favo
IS, of giving all those countries tn
an same advantages as are now pc:
,o sessed by Hawaii. In reply to thi
Nc letter of Blaine's, Frye answere
ee as follows:
Sc assume that your views ar
contained in what is known as tb
Oh Halo anap Il mant apd that vo