The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1857-07-16
COMMERCIAL.
WEDNESDAY EpE'G, JULY Is, 1857.

We have nothing Of importance to chronicle this week in
commercial matters. Our usual July stagnation reigns over
every branch Of business. At auctions, goods have been sold
a. ruinOusly 10" prices. even the most desirable goods hardly
fnding purchasers at so TO 7sc on the dollar on cost and
charges. This result might have been anticipated, however.
Retailers have bought heavily y of merchandise "to arrive" per
ships Harriet and Jessie and Kamehaneha ~, probably
70 the extent of 100000 or $4,000 in the aggregate
The importation. in August and September win be unusually
heavy Judging from the amount of merchandise nov known TO
be on the way.
We learn that the ship Harriet and Jessie, shortly expected
10 arrive frcm Boston, has been chartered by the American
Guano Company, to load guano at the Islands explored by
Capt Patty, in the Lihoiiao.
The Kauroi brought a quantity of wheat, Of the new crop,
from Kahuiui, on Saturday, and the min has commenced grind
ing. The brig Adranee sailed for Oregon on Tuesday, with a
small cargo ofsugar, cofee, pull, &c.
S~CGAR-The Aduance cleared the market completely, tax
ing all tina. was In first hands. The plantation at East Maui
has commenced grinding, and a small quantity of the new crop
has been received. The Chinese planters prefer to ship their
sugar to selling in this market. Sales of 12,o00fb No. l Koloa,
at about loic No 2. in bbis, at about sic.
CoFFEE-smail sales have been made at about 11iG12c.
Stock is not large.
FLoUR-fhe market is heavy, stock large, and no immedi-
ate demand Sinai, parcels were tried at auction, and mostly
Withdrawn, bids only reaching ssaS So so.
TEA-sales of 80 boxes black. inferior, in papers, at 25G27c.
~CoRN-Domestic sold at 1i013.
oATS-Jobbing slowly at PFC.
C~LoTHING-At auction. Cd Tuesday, was sold a quaint J
oft. 8. Amy clothing, consisting of 1000 private's jackets,
pants and shirts, brought from Oregon, at Csc ~apiece-Govern-
1ent n purchaser SergeantS snlrts pants sold IL ooc
LUMBER-Considerable demand, and joboing freely at $40
y NJ. We estimate the stock at about 100000 feet, Of all de-
.criptions.
HIDES-The trade in hides, Throughout, the Islands, is pretty
brisk, and the information in the following item, which we find
find in the 4hG California Of June Il, may interest dealers
I'VE notice that a heavy decline has taken place at the East
in the hide market. During several months past prices have
steadily advanced, reaching a point nearly double what they
were two years since The bubble has burst however, a ma
terial falling of in prices having taken place within a few weeks
preceding the departure of the mail just arrived, with an almost
certain prospect of a still further reduction. In view of the high
rates which have prevailed, importation has been stimulated in
an unusual degree the consequence is a great accumulation OF
stock, which must have the effect of keeping the market de-
pressed for some time to come. As it may prove interesting to
many of our readers, we give the following from Leroy Brothers
Circular, dated New York, May 16, 1857:
Stock of hides on hand at date, 1885
" same time last year, 6S,5O0
same time year before, $500
Sides of Leather on hand at date, 1l40O0
same time last year, 10000
Leather and Hides on hand this year more than last, 6l,io5
OF course the price of hides here, which has been proportion
aIe to the high rates in New York, must come down in the same
ratio TO the reduced figures"