The herald., 1895-05-11
A Somewhat Rapid Advance in
Sugar Prices
SOME ORDERS ARE DECLINED
Indications Point TO au Advance in the
Price OF Butter
An Experts Opinion Of capitaiistic Regard for
California Securitie5--The New
Law and the Taxes

During the past week there has been a
decided activity in the sugar market,
which began with small advance in the
prices OF German beet sugar in the Lon
don market, and has extended with un-
usual promptitude all over the world.
The local market is affected to the extent
OF a r, average advance of 3-s cents per
pound on San Francisco sugar and 5-S
cents on the Chino product. The Western
Sugar Refining company has latel de-
clined to fill orders Tor Chino stock. IN
dica ting a full belief that prices VIII De
further advanced.
Butter shows decided tirmness and it is
expected that prices will be advanced to
2% cents all around on Monday. For
some I. onths past dairy products ! ave
been held at unusually low prices. and
it is generally believed lower than should
have been the case even when the prevail
ing stagnation in business is taken into
consideration. The indications seem to
promise higher prices during the coming
summer.
The California Trade Review says that
Arthur d. Thompson. who has been float
ing a number OF bond issues on the Pac tic
coast in the New York market. announces
that 'Caifornia securities are regarded
as the only first-class western securities
III Wall street." Mr.. Thompson. who ev-
identity knows whereof he speaks, gives
assurance that investors will consider an
issue fro California when they would
not look at issue from any Other state
from the west. remarked Mr.. Thomp-
son, "have deprecated so much that
there is some timidty about them. but
California securities ssem to be singularly
free from this general distrust. This is
l. : l,%k tntn
the smaller divisions have been very hon
est in their dealings with eastern invest
ors. They have always lived up to the
letter Of their contracts, and sometimes
did more than they were legally com
PEELED to do. though not more than they
we're morally bound to do. as, for in
stance, when the state ordered the pay
ment OF that back interest; IL was le
but could not have been collected, and
the payment of it sent California $ credit
way up" Mr.. Thompson also gives the
comforting assurance that there is a be-
lief in the future of this state, and that
the recent financial troubles of the
country have not affected the Golden
State to the extent felt little further
east, and that its unlimited resources will
cause it to give earlier signs OF restored
activity than any of the western states.
Mr.. Thompson concludes thus: son the
whole. California is regarded very highly
in the east, and as soon as the state takes
hold of itself and begins to work for its
own prosperity, it will get all of the
eastern help that it requires. | look Tor
very prosperous times in California in
the next twelve months and | know that
this opinion is held by very many who
keep their hands on the financial pulse OF
the country
4 4 r
The careless or temporarily impecuni-
Gus taxpayer who has allowed his taxes
to become delinquent, and found so per
cent increase to result from his few
months of delay, will take some pleasure
IN the operation of the tax amendment
passed at the last session of the legisla-
ture. Hereafter the state of California is
to become the purchaser of property sold
for taxes. and those redeeming will have
to pay according to the following sched-
ule: Ten per cent if redeemed within six
months OF date OF sale; 20 per cent if re.
deemed within one year; 40 per cent if re-
deemed within two years. 20 per cent il
redeemed within three years; 80 per cent
if redeemed within four years; 100 pei
cent if redeemed within five or any great
er number of years; and per cent inter-
est on all deferred payments.