The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1893-10-19
SUGAR HAS ADVANCED.
EXTRACTS FROM CASTLE AND
COOKIES CIRCULAR.
The Ways and Means Committee OF
Congress Tinkering With the Tariff
On Sugar.

On Sugar.
From a valuable circular letter to
their customers issued this morning
by Castle & Cooke the following is ex-
tracted:
CUBA CENTRIFUGALs-Havc again
advanced to &c the following sales hav
ing been reported.
Oct. 3rd... goo Bags at 81 els. for 90 deg.
4" 6th,Iaoo " " " " 90 &c
I" 9TH .... $50 " Z" 90 "
9th. 1000 " 90 -"
GRANULATED-Rem at SIS cts.
in New York and SO cts in San Fran
cisco.
BEETs--Have fuctuated from las.
I'D. per cwt. on September goth to
13s. I'D. on October 9th.
AMERICAN SUGAR REFINING Co.'s
SToCK-Has advanced from SO for
common and sc for preferred on Sep
TENDER goth to 9oH and 81 on Octo.
Der 9th.
TARIrF-This question is now re-
ceiving consideration at the hands Of
the Ways and Means Committee Of
the house. We subjoin a few extracts
bearing on the Sugar question which
may be Of interest
PREPARING A TARIFF BILL.
In beginning the work of putting into
shape a tariff bill the Committee on
Ways and Means is confronted with a
serious financial situation 1t is ad-
mitted that at least 500, 700, 900 90 Of
additional annual revenue must be pro.
vided to meet the ordinary current ex-
penses of the Government, and unless
the sinking fund law is suspended or
repealed the deficit will amount to
over $Ioo, 900, 900 90. How this is
to be done is the question, the Com
mittee must answer by its work.
1t is stated authoritatively that the
bill to be reported will embrace gen.
eral scheme of reducing duties. Chair
man Wilson has been quoted as saying:
"The bill will fulfill in every respect
the declaration of the National Demo
cratic platform on the subject"
A member of the committee was
asked if the committee would adopt the
suggestion of David A. Wells to in
crease the internal revenue taxes.
eve must have more money from
some source" he answered, land l do
not know any better way to raise it than
by that scheme"
A prominent member of the House,
not on the Ways and Means Commit
tee, but whose position gives his ex-
pressions much weight, discussing the
probable action of the committee, said:
"Why couldn't small duty be laid on
sugar? 1t would provide fifteen or
twenty millions of additional revenue
without seriously affecting the great
body of consumers and would enable
the sugar planters of louisiana, for
whom / have much sympathy, to con-
tinue in business. Two or three items
of that kind in the bill would go far
toward solving the question of covering
the deficiency in the revenues. | have
no authority to speak for any one in
the matter, but l believe this will be
DONE"
Representative Wilson declines to Sc,
a date for the introduction of the bill
but estimates that it will not be ready
by November Ist. A month later is
believed to be near the time when il
may be expected.
An impression prevails that the is,
of January, 1895, will be agreed upon
by the committee as the date for putting
the law into effect.
TARIFF TINKERING-DEMOCR PRO
POSE TO REPEAL THE SUGAR BOUNTY.
WASHINGTON, October 6. - The
Democratic members Of the Ways anc
Means Committee acknowledge thai
some difficulties have now been reached
The framework of the bill now before
the majority is understood to be {
draft submitted by Secretary Carlisle
1t is also understood that it has beer
definitely determined that the suga
bounty shall be repealed. A PROPOSE
ton has been made to place duty o
half a cent a pound on raw sugars, o.
to take off the same on refined sugars
1t is generally believed by Democratic
members, not only of the Committee
but of the House, that an increase o
internal revenue taxes is part of thu
administration plan. Another feature
is a suggestion that the necessar.
money for pensions should be separ
ate fund issued in some special manner
An income tax and a direct tax hav,
both been suggested. Members of TIT
Committee on Invalid Pensions hav,
received an intimation that they ma
have to act on suggestions of this kind
SUGAR 1RUST-This gigantic mo
nopoly is receiving a general overhaul
ing at the hands Of the newspapers
We give herewith an extract from tn
journal of Commerce of New Yor'
,.h;rh ehnuc nm tho rrnEfc pna1a h