The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1890-03-31
OUR SAN FRANCISCO LETTER
Fer =. :. EeIgic, San Francisco, March
22 1890.


tFrom Our Special Core pondent.)
Sugar Matters.
New York, March 22d, Cuban CEN
trifugal 96 degrees 11-16c., granu-
lated 63c
The local market does not present !
any new features. Pending a deci-
sion in the State Supreme Court the
American Refinery is still closed.
Prices have not changed and the
firms to whom the California Rein
cry will not supply sugar have been
drawing some supplies from the
New Orleans reineries connected
with the Trust.
No one can tell when the refinery
case will be settled. In the mean
time cargoes of sugar are arriving
from the Hawaiian Islands for the
closed refinery. These must go into
warehouses, pending the adjustment
of the legal points involved, or sent
to some other part of the country,
where the sugar can be refined and
put in the hands of consumers. The
latter course has been adopted to
some extent, three or four of the
cargoes having been sent to Oakland
wharf and there put into cars for
transportation to New Orleans. The
steamer San Bias for Panama on the
18th took 49S,0OO pounds raw Ha-
waiian sugar for New York. The
bark G. D. Bryant is now due with
about 1,2OO tons sugar for the Amer
lean Refinery, and other vessels will
follow right along in rapid order, as
this is the most active season of all
the year for receiving such supplies.
Unless Havemeyer Il Elder see their
way to have the refinery re opened
soon, it is probable that ships will be
chartered to take the raw sugar to
New York upon arrival. The demand
for refined grades in this market will
soon become very active.
On the 21st Judge O'Brien of the
Supreme Court of New York. granted
leave to the Sugar Refneries' Com
pany to declare a dividend of two
and one-half per cent. on S5O,000,OOO
on condition that the portion due on
the North River Refining Company,s
interest be deposited with the court
pending the final determination of
the suit against the company by the
Court of Appeals.
4 dispatch from Havana says: The
sugar crop this year will show an in
crease of 10 per cent. compared with
the previous crop. A largely in
creased area was devoted to cane
culture last year.
The Sugar Duty.
The House Committee on Ways and
Means is about ready to report the
new Tariff Bill, which, when it is
taken up for consideration is likely
to occupy many weeks.
The reduction of the duty on SUI
gar as now fixed, is IS per cent. ad
valorem on sugar below No. 16, Dutch
standard, and 40 per cent. on sugar
above that grade. This raises the
color line and makes reduction OF
about SO per cent. in the aggregate
| duties.
When the bill gets to the House a
last struggle will be made against
any such reduction of the duties
Already many objections have been
filed by the Republican members
Harmer, of Pennsylvania, while ap-
proving of the bill in general, is
against the sugar reduction. He
says that the sugar industry is grow
ing rapidly in this country now and
should not be disturbed. It could
stand a reduction Of Is per cent. per
haps, but a cut which the proposed
bill contemplates would drive the
sugar men out of the business.
Representative FELTON,, who pro
poses to go heavily into the beet
sugar industry, provided only milo
reduction is made in the tariff, said
that this cut in sugar duties proposed
by the Republican members of the
Ways and Means Committee, if passed
meant sure death to the beet-suga1
industry in this country.
The bill VISA contrary, he said, to
the principle of protection, anc
violation of the pledge made by
the Republican party. It will STOP
the development of a new agricul
tural industry, and prevent the plant
ing in beets of million of acres OIL
land now devoted to the raising O
corn and cereals.
Il believe it" said he, ''to be agains
the best interests of the country
and especially of the Western, Mid
die and Pacific States, in all of which
the sugar beet can be raised success
fully. Any land that will grow anc
mature corn is suitable for it.
'As 1 understand the report of tn,
sub committee, it practically reduce!
the tariff on raw sugars over so pc
cent and on refined IS per cent, O
thereabout. This is a reduction
greater than the Mills bill by 80 pc
cent.
"The demand for production in tn
sugar tariff comes from Iowa, Indian
and Wisconsin. The representative
of those States maintain that th
farmers are poor and want relief b,
free sugar. This cut would not re
duce their expense for sugar over 81
per cent. per head, or, allow SO pc
cent; that would amount to the aver
age family about $3.50 per year.
''For this we must lose this splen
did industry, which, if farmers woul'