The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1892-04-25
AMERICAN LETTER.
SAN FRANCISCO, April II, 1892.
WORLDS FAIR NOTES.


One of the striking and very at
tractive features of the dedication
ceremonies and display next October
will be the Procession of Centuries"
or parade of symbolical floats
through the lagoons and water ways
of the exposition grounds. These
floats are TO be gorgeous affairs. The
contract for the construction of
twenty. four of them has been let at
an approximate cost of $500 each.
According to an English mining
journal, contributions are generously
being made for the typical collec-
ton of British economic minerals"
which will form part of the English
exhibit, and be presented to an
American museum after the Exposi.
ton closes.
The directors of the Texas Worlds
Fair Association met to-day and ac-
cepted Galveston's offer to construct
for Texas a $1,000 building on the
Worlds Fair ground at Chicago, pro-
vided the Texas exhibits are concen-
trated at Galveston before being
shipped to the Worlds Fair. For
this purpose Galveston has also
raised an additional $4,000, and the
contract for the construction of both
buildings was let to w. j. Hobson of
Waco, who is now on his way to Chi
cago TO inspect the plans and the site
for the Texas buildinp
SUGAR MATTERS.
A beet sugar company with a cap
ital of $500, 900 has been organized
at Phoenix, Arizona.
Up to March 18th, $500 acres had
been planted in beets at Chino.
Rumors are in circulation at New
York as to the possibility of organ.
izing big sugar refining company to
compete with the suger trust, which
now practically controls the business
of sugar refining in the United States.
1t is said that the hackers of the
movement are the wholesale grocers
of New York, Philadelphia, Boston,
Baltimore, ST. Paul and other large
cities, and that Erastus Wiman is
ready to invest 81, 100000 in the
new company.
THE SUGAR TRUST.
1t is interesting to note the change
that a brief period has brought about
in the relative position of the markets
for raw and refined sugars. With the
outlet for raw sugars in the control
of single buyer, the price has been
forced down from 3 ZIG cents to 81
cents per pound, while the price of
granulated has risen from cents to
Al cents, less 2 per cent. There is a
difference of opinion among trade
authorities as to the cost of refining
sugar; but 5 of cent per pound
margin over the price of centrifugal
90 test is generally conceded as COW
ering the expense and yielding a
reasonable profit to refiners. 1t is
doubtful, indeed, if the cost is as
much as that; but assuming this es-
innate to be approximately correct,
it will be seen that already, under
the beneficent workings of the newly
entrenched "combine," the profits
of sugar refining have been increased
a little over ! of cent per pound.
This is exactly the advantage con-
ferred upon the Sugar Trust by the
present tariff rate on refined sugars.
The "lald own" cost in this coun-
try of German refined sugars is very
close to the present market price of
American graduated; but the latter
is more desirable, and is usually val.
ued by distributors at 4 of a cent
above the price of the imported su.
gar. The Sugar Trust is, therefore
protected by the ] cent tariff rate,
by ! of cent preference price, and
by as much in excess of this { of 9
cent per pound as its ability to rig
the market against importers may Sc
cure to the monopoly.
There is no longer any possible
excuse for the maintenance of 8
duty upon refined sugars. There is
no productive industry to "protect'
except that of monopoly engaged
in the nefarious business of fleeing
American consumers under cover oil
the tariff. A prompt repeal of thu
duty on refined sugars would clip thu
wings of monopoly and give domes
tic consumers chance TO protec
themselves against unreasonable ex
actions in the price of an article O
necessity in every household.
From the most accurate data OBJ
tainable, says New York journal
it is learned that since the first init
nations were made that bill looking
to repeal of the tariff on refine,
sugar would be taken before Con
gress the stock of the American Su
gar Refining Company has expert
enced shrinkage of nearly 5000,
600.
Consular reports for the first quar-
ter of 1892 show a decrease in trad
compared with the same period il
1891. II is alleged that it is due t
the reciprocity treaties with tn
United States, which are affectin
the German sugar trade to the Yves