The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1900-04-10
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This rise from s95A seems about
enough under prevailing conditions of
the trade and the short interests yet
uncovered may have things their way
again for a while.
SUGAR FOR INVESTMENT
cause sugar stock is good invest
ment at or below par, it is not neces-
sary to climb for 1t when the shorts
put 1t up on themselves. There is
plenty of time yet to buy for invest
ment in all probability. Many small
lots, however, have been taken and
put away this week even on the ad-
vance, as shown by the tape"
COFFEE.-The worlds visible sup
ply Mar. l was 6,4Ii,Y36 bags, against
1851 ,767 bags last year. Receipts for
week ending March 18th, $4,000 bags,
against $4,000 bags last year. Stocks
in United States March Goth, 1856, 1855
bags BraZils, against 1,2S3,2S4 bags last
year. Stocks in United States, other
kinds, March 18th, BOSSES bags, against
275,S75 bags last year. United States
visible Is 1927 1893 bags, against 1,312,-
2S5 bags last year. Market is very dull,
closing with March contracts $50 to
$50, and without change in green and
roasted coffees.
cNl " itlSo AMI II Tx
majority party in the Senate have
agreed to pass this tariff bill as sep
arate measure and not attach it to the
bill providing for the Government of
The island. The indications now are
chat the tariff bill will be voted on by
The Senate early next week, and that
it will pass as it came from the House,
providing for the assessment of 10 per
cent of the present rates of duties, in
which case 1t would not be necessary
20 send 1t to a conference committee
Of the two Houses, but it would go to
the President direct and be signed by
him at once and be put in force imme-
1iately. The effect in the sugar trade
Of the passage of this bill will be the
putting on the market to be sold for
prompt shipment, all the sugar made
thus far this season and held in the
island pending this legislation, the
quantity now amounting to about 49,
900 or 10000 tons. Sellers will demand
iull prices for these sugars, but buyers
will ask for reduction in view of the
saving OF duties, but, as cane sugars
are wanted and as there will be some
competition for these desirable sup
plies, 1t is likely that but little conces-
sion will be necessary in making sales
PORTO RICO TARIFF-JUDICIAL
DEC1S1ON.-A decision has been rem
dered by the United States Circuit
Court denying the application made by
importers for an injunction to restrain
The Collector Of Customs from assess
ing duties on merchandise imported
from Porto Rico, the importers claim
ing that the island is part of the
United States. The decision states
that complaints have an adequate,
summary and expeditions remedy at
law under the Customs Administrative
Act" This decision sustains the deci-
sion rendered by the Board of General
Appraisers, adversely, to the protests
Of importers against the assessment Of
duties on Porto Rico sugars, which
were brought into the United States
since the ratification of the treaty
with Spain. (See our weekly paper OF
February 18th, 1900.
LOUISIANA CROP.-The weather
Turing the week has been favorable for
the new crop. The temperature fell
considerably, but was not cold enough
20 do any harm. At New Orleans, low
est temperature, 40; highest tempera-
ture, 76.
Rapides, March 18th, 190O.-The cane
crop In this vicinity Is considered safe
so far as cold is concerned. The plant
ing was completed some two weeks
since. The quality of the seed cane
was very fine, considerably above the
average. A large acreage Is in cane
this year, and We hope for a big crop.