The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1901-03-11
SUGAR STOCK LOOKING UP
SAN FRANCISCO VIEW OF THE
OUTLOOK.
The Decision of the Treasury Depart
Question-Java Sugar Decision.

SAN FRANCISCO, February o.
Quite a strong movement has been de-
VelOped in hawaiian sugar stocks dur
ing the past week. There are some
reasons for this upward tendency. The
crops are turning out well at the ISL
anus. The business of handling the
same has been perfected on a scale
that leaves little room for any en-
barrassment in marketing the crop,
which is all under contract as in for
mer years.
Perhaps the most direct cause of the
present upheaVal in value is due to
the decision on counter vailing duties
on some Java sugars that have been
a subject of litigation for some time.
The decision was handed down on the
Sth by Judge Lacombe of the United
States Circuit Court of Appeals This
reversed the decision of the United
States Circuit Court and affirmed the
action of the Board of General APP
praisers in sustaining the Collector Of
the Port.
Judge Lacombe's opinion is, in effect,
that the Netherlands act of Septem-
Der l, 1897, respecting sugar produce
ton, practically bestOws cash boun-
ty on the expectation of sugar Con-
sequently, the countervailng duty as
sessed here was a legal one, according
to section of the United States tariff
act of 1897 This decision protects
American producers, whether of beet
or cane, from any competition from
Java, an important source of the
worlds supply.
! Another source of annoyance has
been the settlement by Secretary Gage
of the Russian sugar question. This
has been pending for some months,
and has been handled every gingerly
from the start, owing to the modified
treaty which has been in force between
Russia and the United States for some
years, and more particularly from the
| fact that this treaty has of late been
undergoing further notifications, with
a view to q more general and liberal
application. 1t has been feared that
any action our Treasury officials might
take would endanger the whole sys-
tenn.
A few days ago it was given out at
Washington that no action would prob
ably be taken until after adjournment
of Congress. But the question has be-
come too serious to be longer delay
ed. Germany threatens reprisals in
case Russia was allowed to continue
to send her sugar into this country
on any other basis than that accorded
30 Germany Secretary Gage after
seeking the opinion of the Attorney.
: General, issued his decree at Washing
ton on the 18th instant as follows:
''The Secretary of the Treasury ha:
imposed a counterVailing duty of 6.
copecks or about 80 cents per pood q
little over thirty-siX pounds) on al
refined sugars imported into the United
States from Russia. Following is tn,
order addressed to o. L. Spaulding as
sistant secretary in charge of customs
you will instruct collectors and othe
, officers of the customs that in pursu
. ance of the provisions of section o
the act of July "a. 1897, the amount o
4
by Russia on the export of sugar
{ hereby declared to be Ga copecks pc
pood of refined sugar, and that an ad
:. ditional duty of equivalent to sue
amount must be assessed and collecte
: under said section of the act of Jul
"a. 1897"
: The above appears to be the onl
course that could have been taken
our producers are TO receive adequat
protection, and that, i'm the opinion G
many people, is what We have a gov
eminent for.