The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1891-08-19
OUR SAN FRANCISCO LETTER.
Per 8. g. Australia, San Francisco,
August II, 1891.
(From our special correspondence
Sugar.

NEW YORK, Aug. 11.-Cuban Centri-
fugal, 96 deg, 3.44 cents; Granulated,
41s cents.
The local market is very quiet. The
Western Sugar Refining Company is still
working on the stocks of Hawaiian which
accumulated preceding April LIST, and to
less degree afterward. The great stock
of Javan and Manila sugar which
Spreckels imported early in the year has
hardly been touched, but will be pretty
nearly worked up by the time the new
Hawaiian comes in. There are still some
importations of foreign refined beet sugar
by such houses as Fentana & Co. and
D. Gheardelli & Co.. but no variations
have occurred in local quotations.
There was quite furry in the Eastern
markets early in the month, caused by
Spreckels unloading an accumulated
stock of about 1900 tons of refined.
Spreckels started the cut with l l6
cent reduction the Trust responded
with a 1s cent cut, going 1-I6 below
| Spreckeb' figures. Spreckels reduced
another Is, bringing the price OF grAnu-
lated in Philadelphia to cents-the
( lowest price ever known. He also al
lowed 2 per cent. off for cash, making
the net price 92-100 cents. The differ
ences were patched up in a few days
| though, and prices have advanced.
+. G.. Havemeyer, the father of the
| President of the Trust, is dead.
A despatch from New York, dated the
29th of July, says: :" A former refner of
sugar in Boston estimates that the Amer
lean Sugar Refining Company is, to-day,
| conducting operations upon such an ex-
| tensive scale and with such an economy,
impossible under the old system of indi-
vidual refneries, that the cost OF refining
sugar is not above 40 of a cent per
pound. The petition of the American
Sugar Refining Company of Brooklyn
for a dissolution of that company has
been granted by Judge Cullen, and the
Franklin Trust Company has been APP
pointed receiver"
The Chino Beet Sugarie has not yet
been started up, owing to delay in
putting up the machinery.
The Chilean Situation.
There is little to note during the past
fortnight concerning the Chilean out
break Balmaceda has been succeeded
| by Vicuna as President, but that does
not appease the revolutionists who say
that Vicuna is only Balmaceda's tool
and that his election is null.
The revolutionists have moved their
headquarters from Iquique to Capiapo
but have left garrison at Iquique and
still collect nitrate dues. The new capt.
tai is about thirty miles from the sea.
Each side is busy in sending out re-
ports to the effect that the other will
soon give in. Balmaceda keeps the
Trans-Andean wires warm with such
messages and the insurgents are heard
from by way of Panama.
The cruiser Pre,idente ErrazwuZ has
left Lisbon for Valparaiso. we'll manned
and armed. This is one of Balmaceda's
new boats of which so much is ex-
pected. She will surely be met and
fought when near Cape Horn.
The United States man. of-war Pensa-
cola is back from the seat of war. Her
officers say that north of Coquimbo
everything favors the revolutionists and
that Balmaceda has matters well in
hand south of that port. He controls
the most productive part of the country,
but the insurgents have plenty of money
and are well supplied.
1t is said that some of the provision
ships sent from San Francisco to the in
surgents will hardly make expenses,
unless as reported they carried arms
concealed in hay bales. The insurgents
are reported to have an abundance o
provisions.