The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1897-04-03
Some Estates Still Grind.
ing in Cuba.
a American Refiners Dissatisfied
With Protection to
Refined Sugar.


all grades were advanced &c per
pound. on the 10th inst, &c per pound,
and again on the 18th inst. &c per
pound. We quote prices of the West
ern Sugar Refining Company, for Cali
/ fornia. Oregon and Washington today,
as follows: Cube, crushed and pow
! dered, 61Ac; dry graduated, sc; con-
! fectiOners' A, sc; magnolia A, 45sc;
extra G, 41ac; golden c, 1880; pow
| dered, 53sc; candy granulated, 51sc.
! These prices are subject to the usual
rebate of &c per pound.
Prices for export were advanced on
the 18th inst to 4Ac for graduated;
18th inst, 43sc and 18th inst, Aye.
BASIS.-Continued at &c net from
February 10th to March 9Th, when it
declined to 15-16c net. Advanced on
March 18th to SC net, and March 10th
to 3 1-16c net. The following sales
have been reported since our last cir
cular:
February 23d, to arrive. 1000 bags:
oath, spot, 500 bags; 25th, to arrive, A.
400 bags; 26th, to arrive, 5000 bags
all at SAC for SO per cent test; March
9Th, to arrive, 1000 bags; 9Th, TO ar
rive, $500 bags; Sth, to arrive, $4,000
bags;-all at Slice for sc per cent
test; 18th, spot, 5000 bags, at SAC;
10th, spot to speculator, 200 bags, at
3 Slice, and since the 10th, no sales
have been reported.
TARIFF-The new bill, as presented
to the House of Representatives.
changes the tariff on sugar from an ad
valOrem TO a specific duty and provides
as follows:
On all sugars testing by the polar
iscope when landed IS deg or under.
&c per Id. on net landed weight, and
ODE per degree for each degree up to
100 deg, fractions of a degree TO be
assessed in proportion. This makes
Centrifugals SO per cent. pay 1.63c per
lib. The proposed schedule also pro
vides sc per h. additional duty on
all sugar above No. 16 ID. S. and en-
powers the executive TO impose a duty
on sugars coming from bounty paying
countries equal to the bounty paid by
the Government of the country whence
they are imported. 1t is also provides
a reciprocity clause whereby sugar
producing countries having a recipro-
city treaty with the United States.
viii pay &c per lb. less duties than
countries having no such treaty. The
bill provides in addition that the
changes as proposed shall in no way
interfere with the reciprocity relations
now existing between this Government
and the Hawaiian Islands From the
House the bill viii go TO the Senate
and possibly from the Senate to Con
ference Committee. so that it is very
possible that further changes may be
made in the provisions of the bill be
fore it is finally passed. 1t will prob
ably be about the first Of July next
before lit will go into effect
The American sugar refners are dis
satisfied with the protection to Re
fined as It is less favorable than the
terms of the present bill They re-
'ceive approximately. under the pres
ent bill, soc protection. one-quarter of
which is in the differential duty and
three quarters concealed in the ad
valorem duty.
An analysis of the application of the
new bill shows that the United States
refiner will pay a duty on Beet Raw
Sugar from Germany of 1.63c per h.
for 90 deg. test, plus 27c per lb. ex-
port bounty. allowed by Germany. or
say 1.90c per h. which equals S2.04
on 1919 lbs. raw beets. from which is
made leo lbs. of GranuIated sugar test
ing 100 deg.
German GRADUATED of 100 deg test
will pay a duty Of 1S71bc per h.. plus
CSC per III or say 1926 per 100 lbs.
This would show a protection OF dc
per 100 lbs. in favor of the United
States refiner. as against German re-
fined. but under a reciprocity treaty
this would be reduced say per cent.
or TO 19c per 100 lbs
EASTERN AND FOREIGN MAR
our last circular.
owing 10 a weaker market in Europe
and a decline in Beet sugars. together
with Indifference shown by buyers in
this country regarding the situation.
transactions were limited and on the
9Th inst decline of Lice on Centrifu- !
gals and sc on Muscovados and mo-
laSseS sugars was established During |
the next few days several transactions |
were made on this basis. Later no bust |
ness could be done in raw sugars for |
the reason that there We're no sellers |
at current quotations. but on the 18th |
inst. an advance was established and |
again on the 10Th inst Since that date |
the market has ruled extremely strong |
but inactive owing to the absence of |
sellers at market quotations.
The demand for Refined has also |
improved and prices were advanced |
&c per ID. on the 10th inst. and &c |
per ID on the 18th inst making the |
price of GRADUATED 423c net We quote |
price of London Beet sugar since our
last circular as follows:
February 23rd. 9s; 26th, SIS 11Hd:
9th. IS cad: March LIST. SIS sgd: 2nd. |
SIS Cd: 4th. SIS 1O1Ad: 9Th. SIS 9Ad: 10th. |
SIS 1O1ad: nth. SIS 11Hd: 18th, SIS: 10th.
9s sgd; 18th. 9s 11ad; 18th. 9s O%d;
18th. 9s I'D. and 2Oth. 9s O$4d
Our latest mail advices from London |
as contained in circular of c. Czarni-