The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1892-04-20
SAN FRANCISCO LETTER
News AdViCes TO April 18th, per
O. S. S. Australia.
ESPECIAL To THE p. C. ADVERTISER
Sugar.

ESPECIAL To THE P. c. ADvERrrsER.I
Sugar.
New YORK, April 12-Cuban
Centrifugal, SO degrees, 3! cents
graduated, 4s cents.
The local market is quiet. Inter
est is centered on the Sugar Con-
ference, the proceedings of which
are given below.
Sugar Conference.
Claus Spreckels returned from
the East on the 9Th, and between
the 9th and ths 18th there have
been daily conferences at his office
between him, representing the
Western Sugar Refining Co., and
several planters from Hawaii on
the renewal of sugar contracts.
Among those present were T. II.
Davies, Paul Isenberg, P. G. Jones,
H. e Glade, F. NJ. Swanzy, J. B.
Anterior, A. $. Wilcox, G. N. Will
cox, c. Bolte, and others.
Mr., Spreckels made the PROPOSE
ton that the old contract be re-
newed that is, that the plant
ers receive 1 cent less than the
price of Cuban centrifugal, SO de-
grees, in New York on date of de-
livery. This was not wanted by
the planters, who asked for the
same price as was paid in New
York, less exchange between the
two cities.
The difference in the proportions
amounts to several hundred thous-
and dollars a year, and it was to
effect q settlement that the confer
ence, which Lasted so long, was
held. The situation was all gone
over, and it is said that a compro-
mise has been arrived at, though
this cannot positively be stated
now, as neither side will say a
word of what has happened. 1t
has been rumored that something
like ! cent less than New York
prices will be taken, both sides
conceding / cent.
At one time there was talk Of
starting an opposition refinery in
case Spreckels would not yield, but
it amounted to nothing but talk, a
compromise being preferred by
both the outside planters and Mr..
Spreckels. At present, by his
agreement with the Trust on his
sale of the Philadelphia refinery,
Mr.. Spreckels has absolute control
of the territory to the Missouri
river.
~ Work of CONGRESS-.
The House has struck nara
blow at the Mckinley tariff in vot-
ing on the Free Wool bill, which
was passed to third reading by a
large majority. The Farmers AL
lance members voted with the
Democrats. The next move will
be to put cotton ties and cotton
bagging on the free list. The meas
ures, when they reach the Senate,
will be defeated, and the two par
ties will go into the campaign upon
their records on the tariff.
The action of the House in pas
sing the Geary Chinese Exclusion
bill, has greatly excited the Mon
golian Government. The bill puts
a stop to Chinese emigration, and
is so strict that should it finally
become a law, would sever diplo-
matte relations between the two
countries. This would have
disastrous effect upon the trade of
China with the United States. AS
the Emperor does not court such a
blow, it is said that a plan is on
foot by which he will propose a
treaty CT 5odying nearly all the
provisions of the Geary bill, which
will preserve the friendship of the
two nations and have no bad effect
on commerce. Whether this coun-
try would accept such a treaty re-
mains to be seen. The Geary bill
stands good show for adoption in
the Senate. The Chinese Govern
ment has made several protests
against exclusion bills, but the last
two have not been answered by
Secretary Blaine, who fears his re-
ply might injure the chances of
the pending measure. The covert
threat of exclusion of Americans
froto China in the protest, has not
made any difference in public SEN
timGnt.
Senator Sherman and Coco. Cor
ham are having a wordy war over
tue. acts and sentiments of the late
Secretary of War Stanton, who |
served during the Rebellion. Sher-
man severely criticised Stanton,
alld has been roundly scored by |
G0rham. The discussion involves |
the policy of Lincoln and Grant as
tt the terms by which the war was
ended by Lees surrender.
The appropriation bills are now
coming up in Congress, and the
Democrats, in view of the coming
election, propose to cut expenses
v all directions An otfaroD+ will