The Hawaiian gazette., 1891-05-05
OUR San FRANCISCO LETTER.
Fer o. 5. =. Australia, san Francisco.
April II, 1891.
CFrom our special cOrrespondeutl
Sugar.

NEw York, April 2lst.-Cuban centri
fugal, 90 degrees, size; granulated
4 s-l6c.
Local prices remain unchanged ant
the only topic OF interest is the reported
combination of Spreckels and the Trust
The latest phase was stirred up by dis
patch from New York on the 10Th inst
which printed an article on the subject
that has called out sharp reply iron
Mr.. J. d. Spreckels.
The Trust Controversy.
The Commercial Bulletin discusses
editorially at great length Spreckels
denial Of deal with the sugar trust and
the assertion that he don't know why
such reports should rise. The Bulletin
says: These reports constantly recur be-
cause Spreckels by his own behavior
constantly gives them new and very
substantial foundation He started in
the business OF refining sugar ut Phila-
delphia with every emphatic declaration
OF his intention to combat the sugar
trust to the end; but after while the
/ N1SNOhC4SQ lAiC VI IT
| fined by Spreckels did not differ materi-
ally from the price OF sugar sold by the
trust. Spreckels certainly has no reason
10 be astonished if the newspapers are
constantly circulating report that ON
some new phase OF the matter he has
entered into an agreement with the
trust, but he is entitled TO the full benefit
of his denial and statement. Sooner or
later different sort OF competition will
come to pass, whether inaugurated by
| Spreckels or somebody else. When that
| time comes the powers of the trust to fix
prices for the consumers of this country
viii assuredly be broken But Spreckels
cannot complain if the public fails en-
tirely 10 recognize in him i vigorous
competitor OF the trust.
This has aroused the Spreckels family
and provoked John ID. Spreckels into
making counter statement.
Mr.. Spreckels' version ef the arrange
ment is as follows:
You can say, to start with said Mr..
Spreckels, ''that We have not entered
into any sort OF compact with the trust.
We have come to an arrangement but
not with the trust. 1t would have been
eAANAIkAA DOb u SO1uG
ing on this Coast. Without arrangement
sugar would have gone down, and our
firm alone mad thirty and one-quarter
millions Of dollars invested in sugar.
We had made heavy purchases prior to
the passage Of the Act removing the
duty, and the immense amount OF Ha-
waiian sugar rushed in on US prior to the
LIST OF April was ST an extremely high
figure, considering the suddenly changed
condition of things The Hawaiian sugar
cost US from 81 to so cents per pound,
and we are selling it at 8. 1t costs one
half cent per pound to refine it when
the refinery is running at its utmost
capacity, and there is the additional ex-
pense OF handling, storage, packing, etc.
/ viii give anybody all the profit on
sugar for the next thirty days or so if
they viii assume the losses, and be glad
to do 1t. What | mean by thirty DAYS or
so is until we work off the tremendous
stock OF dear sugar We have on hand. 1t
will take at least thirty days, and prob
ably longer. Ii We decrease the output
the loss will be heavier, because it |
takes just as many man to run the re-
fnery as if it was being worked to its |
HGNALfs uuQClSl1uQlu2 MAS /
absolutely necessary to prevent crush |
ing loss, but you can say just once more
that the arrangement We have made is
not with the trust"
Acting Internal Revenue Collector |
Youngberg has received the regulations
from Washington with reference to the
bounty on domestic sugars. The law
provides that on all sugars made in this
country after July 1st bounty of cents
per pound viii be paid on such as con-
tain 80 per cent. or over of saccharine
matter, and that running between so and
30 per cent, Il cents per pound. Ap-
plications for licenses under the law are
to De received up to July LIST.
There has been q small anti-Chinese
not at Chino at the beet sugar establish
nsnt there. to prevent the employment
1f Chinese. The riot was a success and
he Celestials went.
San Francisco News.
The Union League Club of this CITY.
organization of a social
nature, gave Governor Markham a
banquet on Friday evening last, at the
hub quarters on Geary street. The affair
y JIG VI lA4C L1DSt ever seen |
n San Francisco.
There is d great deal of excitement
.mong wheat buyers and wheat sellers
wing to the unexpected activity IN that
,roduct. Prices, owing to the large de-
nand for export to Europe, have jumped
Ip almost to boom figures, and it looks
s though there would be a Continued
dvance for the next thirty DAYS. The
ctivity Is due to the failure Of the :
European wheat crop. !
The blowing gas well discovered at =
'leasanton short time ago continues !
D astonish the citizens of that place. >
10 means has yet been adopted to uti-
re the escaping gas.
Andrew HedgebeTg, who was wanted T
y the police for the brutal murder Of :
irs. c. G. Fossum week ago, commit h
ID suicide by throwing himself in the ,
acramento river. His body was caught /.
! a hsherman's net :
Professor Schrafer, who has been prob
lg the sands On the beach near the
lift House during the past nine months
search Of supposed buried box OF Il
ezsuze, claims TO have located It BY 2
lagnetic attraction, and the work Of L
mixing q shaft to uncover the box is r
DIV going on. IL
Pic. H. C..,,oy-,I - C..lL a. / >