The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1891-04-07

In anticipation of the removal of
duty on April LIST, all dutiable sugar
imported at san Francisco for the
last six months, not actually needed
forIocal trade, or for re-eXport to for
eign countries, has gone into bonded
warehouses. The California
Refinery has recently received num-
Der of cargoes OF dutiable sugar from
the PHILIPPINE Islands and Java, all
of which have been placed in bonded
warehouse. The Mission Rock ware
house property was secured especi-
ally for that purpose, and made a
bonded warehouse. 1t is full of du-
table sugar, every pound of which
will have 10 be admitted free after
April LIST, when the seals of the Gus
tom House authorities will be re-
moved. The last cargo of dutiable
sugar arrived here February 9th on
the Earl of Zetland from Java. Be-
tween June 10, 1890, and Feb. 6, 1891,
ten vessels arrived here with l0l $50
pkgs Java sugar, most of which is still
IN bonded warehouse, and will be avail
able for account Of the California
Refinery after April LIST. There is
no dutiable sugar now on the way to
this port.
In order that the market might
become adjusted to the new condi-
tions the Government has allowed
refners to place the product of their
retineries during the present month
Of March in bonded warehouse, and
the duty on the quantity found thus
stored on The lst Of April will be re-
turned. This arrangement was made
in the interest of consumers as well
as for the protection of refners.
Otherwise the retinerS would have
been obliged to stop work, as they
could not afford to load themselves
up with duty paid refined sugar to
come into competition with free re-
fined sugar af er April lst.
The Government promises no rebate
on sugar that has once been distri-
buted by the retiners to the trade for
consumption purposes. n
1t is the popular impression that
CONSUMERS Nill Get the benefit of the
duty. This varies from 1.40c to
35c. The average is about &c per
Id. Retiners have been preparing
for the change for some time. The
advance IN price this month is q step
| in that direction. OF course the
prominent cause for the advance is
The scarcity of refined sugar, but the
retners have made that scarcity. If
good prices can be maintained until
April lst, the reduction of &c per Id.
for duty will still leave a good margin
TO work upon, Consumers will be
satisfied with the concession and the
retiners will make quite as much as
before. In fact it makes no differ
enCe with them whether sugar pays a
duty of &c or Sc or comes into the
country free. At first consumers
will ret the benefit of the abolition
Of the duty. In the end, however,
the foreign planter will be the gamer.
How far the &c per ID. bounty offered
to the producer of domestic sugar
will neutralize the foreigners advan-
tage is yet to be determined. Those
who labor under the impression that
Congress, by removing the duty on
sugar, gave the American people a
present of $40, 900, 900 per annum
to help them buy pianos and tobacco
and other Injuries will he greatly
disappointed before the end of five
years. 1t was so in the removal of
the duty on tea and coffee, and his
tory will repeat itself on sugar.