The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1890-07-07
OUR SAN FRANCISCO LETTER.
Fer :. y. Alameda, san Francisco,
June rs, 1890.

Sugar aud Trade.
New York, June 2Sth, Cuban
centrifugal, 96 degrees. 5sc.; gran
ulated, Che.
Steadiness is the feature of the
local market. The demand con-
tinues heavy, the fruit canning sea
son being about to begin. Stocks
are ample to meet all requirements
and considering the large fleet on
the way from the Islands and that
the California Refinery has three
cargoes en- route from Java and
two from Manila, there is no reason
to apprehend any shortage this
season. Granulated is quoted at
So cents.
The Eastern market continues
steady, the only feature of note
being the decision in the North
River Refinery case which is
strongly against the trust.
Three Hawaiian Sugar companies
have been paying dividends for
some time. These are the Hawaiian
Commercial and Sugar Co, the
Hakalau Plantation Co. and the
Hutchinson Plantation Co. We
have now to add the Hama Planta-
ton Co., which declared dividend
of 81 per share, or $4,000, on June
18th. All the sugar plantation
stocks are firmer owing to more
hopeful feeling in regard to Con
gressional action on the tariff bill
Sugar Tariff.
Blaine has at last taken hand
in shaping the proposed tariff legis
lation and it is generally believed
in Washington that if tariff bill
goes through this session, the sugar
schedule will be modified to suit hi
wishes.
Blaine is not in favor of fret
sugar and his appearance in th'
tariff struggle is one OF the mos
hopeful signs since the House com
mittee of Ways and Means begal
to frame the now famous McKinle,
bill. 1t is commonly Recognized
that free sugar is out of the ques
ton since the Senate amended tn
Mckinley bill and Blaine's lette
has strengthened the position c
the sugar men.
In a letter which has just bee
J published Mr.. Blaine says that it
r mistake to suppose that he is OF
, posed to sugar being admitted fire
of duty. His objection, he says,
not to free sugar, but to the pre-
I posed method of making it free.
/. sugar is placed on the free list, tn
q Secretary says, we give to certal
countries q free market for $50
900, 900 Of their products, while the
are not asked to open their market
e to the free admission of a sing
dollars worth of American PR
p duets. ave ought to have" M
Blaine says, Gin exchange for fire
sugar from certain countries fire
: market for breadstuffs and prov
sions, besides various fabrics fro
all parts of our country. In shol
@ we ought to secure in return #
- free sugar a market for $50, 0OO,O o.
or S7O,O00,000 worth of our ov
/ products. 1t will not require re'
l. procity treaties to secure this gre
l. boon. The Tariff bill can conta
,e all the necessary conditions. Il
: legislative power is able to secu
the desired end" In short, t
J. Secretary, following out the idea
he reciprocity which he has urged
70 much of late, insists that the tixi
of of the sugar duties should be ma
J. one means of securing reciprot
IN advantages IN trade for the peol
is of the United States.
er Mr.. Blaine would thus extend
". the essential features of the i
III waiian reciprocity treaty to Cent
!, America and all the countries
',o the South and it seems almost c.
81 tain that he will effect what he
1t, sires in the way of building up su
be a trade.
We San Francisco News.
Edward Coogan, holders
prentice who was employed in
on Vulcan Iron Works, wss shot a
g almost instantly killed about 6
o'clock on the morning of the q
~ hu lanes w Kerr of the firm