The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1890-06-09

The Sugar Marke!,
New York, May 31st, c. Dan CEN
rifugal So degrees, 5 ZIG cents;
,ranulated, ST cents.
Since the last letter the sugar
market has exhibited more strength
han for some time past. The Cali
'ornia has advanced rates ] cent all |
around, quotations being now On
the basis of 81 cents for granulated.
There are as yet no signs of any |
action ON the part of the State Su-
preme Court in the American re-
finery case. Your correspondent
has positive information that this
decision has been in the hands of
the typewriters for some weeks and
had it not been that politics will be
boiling over shortly and that poll
tics has had much to do with the
prosecution Of the case against the
American company, the decision
would have been handed down long
ago. This seems at first sight rather
strange, but to any one who is ia
miliar with politics in this State,
the statement will not seem out of
the way. The Supreme Court IS
evidently possessed of a desire to
be on friendly terms with both
sides.
The eastern market exhibits great
firmness, and prices are certain to
be higher.
Some Tariff Liquidation.
It will be pleasure to the Ha-
waiian planters to learn that the
prospects of any tariff legislation
by the Senate at this session are
very slim. Unless the whip of the
Republican party is applied very
vigorously, that sedate body will
take it's own time in the considera-
ton of the Mckinley Tariff Bill.
That measure was formally sent to
the Senate in due course of proce-
dure, and was referred to tho
Finance Committee on the 29th
inst. That body has about decided
to refer each division of the bill to
subcommittee for consideration
and report. If this is done, it
means that the bill cannot possibly
be placed on passage before the
summer recess.
The action of the House on the
Mckinley bill has had q most dis
astrous effect on the price of the
leading sugar stocks. As an ex
ample, Hawaiian Commercial is
quoted at S194 bid and $19a asked,
and Hutchinson Plantation Co. at
$23 bid and $50 asked.
Hutchinson Sugar Company.
At the annual election of the Hut
Crimson Sugar Plantation Co., held
May 18th, in which 1880 shares of
the capital stock were represented,
the old Board of Directors were re.
elected. They are John D. Spree.
kels, A. B. Spreckels, P. L. Lilien-
thai, NJ. Ehrmann and Louis Sloss.
John d. Spreckels was elected Pre-
sident; A. B. Spreckels, Vic-Presi-
dent and Treasurer; and E. 81.
Sheldon, Secretary.
The annual report shows that the
assets of the company amount to
SO, 1O1, 348.23, and there are no liza
bilities. The receipts for the year
were $568,234 and the expendi-
lures 1921, OBJ, including $4,000
paid in dividends. The balance on
hand is $144,293.
Peraonal Mention.
Miss Tessie Fair, the eldest
daughter of ex-senator James G.
Fair, and Herman Oeirichs of New
York, will be married on the Sd Of
June. One of the most magnificent
gifts is "Iei'' which was sent by
King Kalakaua. 1t is one of the
royal collection and was made fol
the Prince of Wales, but for some
unknown reason was never present
ed to him. It is almost priceless, al
it is made of the royal feather
which is worth twice its weight il
gold. It is o brilliant yet deep
glowing yellow, and is beautifully
shown off by the handsome case il
| which it was sent.
P. C. Jones. the capitalist anG
planter. arrived on the 18th inst
from his eastern trip. He was a
once sought out by the reporter
of the San Francisco press, but hat
little to say. His time was spen
in looking over the situation and il
seeing what can be done in case tn
American Refinery case is decided
adversely to the trust by the Stat
Supreme Court. Mr.. Jones was, VI
to the time of the transfer of tn
refinery to the trust, one of tn
heaviest owners of the company
stock, and rumor once had it tina
he was largely instrumental in aid
ing that transfer. He has nothin!
to say about the refinery situation
or about the sugar tariff, excep
J that he, in common with all tb
Hawaiian planters, is bitterly op
posed to free sugar.
Capt. II. q. Howard, formerly Q
the steamer Resolute has been aI