The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1890-11-24
OUR san FRANCISCO LETTER.
Per X. VI. ). ;. ZeaIandia. san Fran
November 10, 1890.
(From Our san Francisco correspondent.)
Sugar News.

NEW DIRK, nov lD-tuOdn CSHtIl-
ugal, 90 degrees, 5 52-l0O; graduated
SAC.
The local market is steady, with rates
based on 61sc for graduated The East
ern market is very quiet. The supply at
San Francisco will probably be dimin-
ished by the failure Of the Strathearn
to arrive from Java. She is given up as
lost
Judge Pratt Of New York has appoint
ed H. G. Havemeyer, General II. W.
Slocum and S. w. White as receivers Of
the Sugar Trust. The trust will very soon
issue new plan OF reorganization, and
its affairs will be conducted so "a to con-
form to the laws as recently laid down
by the courts.
The Secretary of Agriculture in his
recently published annual report ma kes
a very hattering reference TO the beet
and cane sugar prospects, and particular
ly to the former. The excellent condition
OF both crops is attended to. The outlook
for the home sugar industry is consid-
cred favorable. An analysis by the de
partment chemist of beets grown in
various states from seed distributed last
spring indicate high per cent OF sugar,
and afford what is regarded as conclusive
proof that large sections of the country
are adapted to the successful culture OF
the sugar beet. The practical results OBJ
tanned in Nebraska, California and
Kansas demonstrate the feasibility OF
homegrown sugar manufacture. Con
sidering that Europe produced last year
| 1925 900 tons of beet sugar, and that a
very material part of it was grown in soil
and climate similar to that Of the central
| United States, there seems to be no valid
reason why this country should not in a
| few years be practically independent o.
| foreign sources for its sugar supply.
A dispatch from Farnham, Con-, says
that the French company which is oper
ating beet sugarie there has proved {
success, the beets running from six tC
| eleven per cent of saccharine.
Beet sugar production is receiving re
newed attention throughout the United
States.
A dispatch from Berlin dated the 18th
says: The National Zeitung says: Th
bill before the Federal Council provide
| d IcuuCtiOil Al Vic ldA Ou DCC
| sugar. The payment of the bounty Oh
beet sugar exported from the countr.
begins in August, 1898.
The value of merchandise imports a
San Francisco during October was a
follows: Hawaii, $4S9,S7S; Philippine
Islands. $35S,0l9; Dutch East Indies
1868 ,629; Australia, sos, 222 and Tahiti
$27, los.
A Money Scare.
The past week has been marked b
tremendous excitement on the NeN
York money market brought about by
general bear raid all along the line o
the Northern Pacific and North Amer
lean bank, both controlled by Willard
In the hurry and rush of the attack fou
of Wizards broking firms went under
notably Decker Howell & Co. TIL
North River Bank also had to close il
doors. The elimination was on tn
18th and 18th when all stocks and part
cularly the Wizards were mercilessl
attacked. Willard weathered the storr
though rumors of his failure were ri
at all times. In the movement the pal
ickv feeling extended to every stool
Sugar Trust dropped to 81, and all otht
stocks fell from to 25 per cent. TIL
market Quoted down on the l4th an
was in its normal condition. None
went as high as 1873 but this stress WI
relieved by the New York clearir
house. Among the houses which WEI
,, under were Chas. M. Whitney & Co
brokers, for 100000; John t. Wake
Son & Co. for $500 900, and Decker HOY
! ell & Co. for over 81 100000.
Trade with New Zealand.
Consul Connolly at Auckland, n. q
!: has made report to the State Depal
l ment in which it is stated that the walt
l of imports from the United States
1889 amounted to 81 ,7l2, $50 an increa
of 500, 1856 over 1888. The value of e
ports to the United States was l,70t
$50 leaving balance of ,320 in fav
4 of the United States. he total value
: imports from the United States into
the colonies during the past ten years
stated to be $lS,6S0,2 55 and the expol
to the United States were $l6,339, O
S leaving the United States trade b.
ance of 81 ,34l ,l95 after ten years.
: This is considered exceedingly fave
+ able in view of the fact that no particul
effort has been made on the part of Il
United States to cultivate trade relatio
S to foster the steam communicate
S Consul Connolly refers to tue fact tn
= for years the New Zealand Governme
n has borne the most of the expense
! the mail steamer service. In speaki1
= of the failure of the government to
J new the service Consul Connolly sav
S "The withdrawal of the Oceanic Coz
pany's steamers would be deathblc
h. II
cific and would tend to ALLEVIATE the frien
ly desire to trade with the United Sat
T.; that at present happily exists. 1t Won
4 require years of determined and uni
r hitting effort to establish the friendsh
and prestige that we at present enjoy
the seas. | cannot too strongly urge t
! necessity of at least giving pecunia
i assistance to old established lin
!. whenever the importance OF such lin
|. demands it." Continuing the Cons
. states that the condition of the colony
as prosperous as could be expected co
. sidering that the total Indebtedness
about $452 ,S46,370 of which SAP SAC, 3
. is held abroad.
Monument to Tavernipr.
The brig Consuelo which sailed on t
q 18th, had on board granite monume
/ which is to be built over the remains
: Jules Tavernier, the artist, which a
p buried at Honolulu. The monument
I a fine specimen of this sort and is su
ably inscribed. 1t was purchased by
association formed for the purpose.
Blaine's Ideas Triumph.
The Republican leaders have spent {
past two weeks in casting about for t
S reason of their Waterloo at the polls
= the 4th, and the results of their comic
ences will BY embodied in a plan of a
Y ton to be pursued at the coming she
: session OF Congress. The staunch a
}. herents OF the Mckinley bill are 10th
l. i