The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1857-12-24

wEDsEsDAY ErEs1so. DEC. "a. 1851.

We have to report the arrival uf the schooner Caroline z.
Foofe from San Francisco ~ih the mails and a small freight
eonsfssing mostly Of shingles and po<ztocs- Dates from San
Francisco are to the Cd inst, and from New York to November
9Th The news from the Eas Is sin more startling, II possible,
than that BY the last arrivals the financial troubles seem To
meet with no relief BY a concerted movement o n the pan Of
the merchants on the 13th Of October all the banks in New York
we're fecea 70 suspend specie payments, and the suspension Of
most Of the bspks throughout the United States Immediately fol-
iowed- Failures Of handreA. Of mercantile firms, large and
-msu, are announcei-incfadns many Of the sfaunchest mill
honanr ams IN Boston and New York Many railroad compa-
nes and city corporations proved dereict in the payment Of in
eerss< on their bonax the Cnited States government alone proving
solvent and paying al demands in specie-a striking comment
AIRY on the benefits Il the feature Of democratic policy which
keeps the cosntry finn on n specie receiving aud specie paying
basis Those firms that weather this awful pinch will prove
themselves possessed Of wonderful resources and . solid founda-
ton We have ns space enough to detail a 1.-THE OF the sad ef-
fects, present md prospective Of this panic It's rami6caions ex-
tend over the globe, and disastrous consequences mus, ensure in
England, France and Germany. The end Is not yet, and We
wait with impatience for farther detxils-
Considerable feeling ID manifested In Honolulu and many con-
fictins opinions expressed ~ 70 the soIvency Of the large New
BEDFORD firms engaged In the whaling business. The largest
part OF the whaiers bills drawn here this season will have arrived
home just as the crisis has reached It's eliminating point Per-
haps the confidence Of the community would have been unim-
paired hh. not the report Of the suspension Of q heavy and
wealthy New London house reached US this mail We have lit
tie doubt but that most Of this seasons bills will be paid,
though payment on many may be delayed from bani sus-
pensions but OF course no one can tell what may happen In the
Ise OF such an unprecedented financial Storm
ftt WIS >u u del Pei n y oudy mayor
we're tound to BE- difficult Of sale ut any price-some sales were
made at y per cent discount, Tor rather u per cent. of the face,
that being the way Of reckoning discounts which obtains in San
Francisco; the best sale We have heard Of was at S per cent
We give but a few quotations this week as trade has been eI-
sremeiy dull
sCGAR-we note 9 sale Of so kegs Koloa, for export, on pri-
va,e terms The Brewer plantation commences grinding next
month.
PROvISIONS-rhe stock Of AL kinds Is very heavy and some
relief is needed by . shipu ent to China OF the coast Prices are
nominal
~UR- NH Company continue to receive pHrces %
wheat from Maui fher stock Of -four and wheat Is quite Ia &C.
there being about s06 barrels on hand and some 5000 to s.Ooa
bushels TO grind The demand Is light We quote At sic re-
failing at ST.
PorAT0Es-rnportations per Caroline Z. Foote amount to
100 sacks which come to q hard market. Sales have been made
al IS eta y bsrrel
EXCHAN6E-We hear it runuored that some bills were
offered on the street, on Friday and Saturday, at 4 per cent
discount, bus cannot learn Of any transactions at that figure.
In undoubtet Whslemen's Exchange public confidence confin-
ues undated, and We know Of transactions by this mail at
par, which may be quoted as the rate