The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1859-10-20

naxs nsazn@nen ves tss auction sslrs On saturday
~ VITA ev40 sBnam,n VIZ nesdsd connrunsion, the general
49, ~ ogrs- fhe premises On the eorner Of King and
Aamnhn sRee1L known - the y wor5drs End' drinking house,
- 0s<hes b11dIng adj.esus, IncBnding the ground on which
~ usnd, md subject 70 a lease Of four year,, were knocked
SsHnpt Elsa nrs years ago they we're worth $1,000 1t
= tB that - ~ an Improving part q the city Its location
I'D sme iu0nence on the sale, no doubt Every city must
have is japan Sea- Black seas- and 6 Arctic Oceans
which do not enhasce the vaine Of property around them, and
which se not ennkdered recommendations TO store stands or
dwelling sle& euch evil, a. weu as narrow, crooked, Irregular
sseesz, whhouk side-salks, are due in part to the an.ecedents OF
tie tom, which had not the advantage Of being duly laid out
IN shs beginning into avenues and squares. and allotted to Patri-
stsn, plebtsn and business quarters It's history ishke ropseys
sipss4 I goved.' add in the absence OF a municipal govern
nsn< % direct somewhat how and what may be built and occu-
pad, we are soueumes condemned to live next to hiie-yards,
saaghferlhouses and other nufsznces-
he cher sale firm which We have rambied 50 FAR, was Of
IA IN Queen street. opposite Mr.. Msikais house, which sold for
165o, withous izprrvements, which, though not what IL would
nee have fsrhed, ve must consider a fair price, How much
~ valve would have been eahancrd BY q growth Of fine algeroba,
Ansrind, and e<her trees suited to that dry part Of town, We
YIN not hasard . supposdon- In all kinds Of real estate, but
principally in in<ii1fbIc localities, there Is a depreciation which
psshaps warrants The opinion expressed by a party most con-
vessant with Il, that there Is no piece Of property which VIZ now
bFing ~ auction, for speculative purposes. OF investment, more
sAns 6nyPes cent upon It's cost And yet Improvement goes
g. Within the past three years, during which prices have been
failing, some Of the most substantial and costly OF our buildings
have been erected and now the Gas Company are making a
p<nanent ard We think wise, investment, which is TO give Us
ens particular fnsigainm of a metropolis Amer all, ; not the
. truer Standard Of the real value OF property? Our ideas were
greatly raised In thu flush times Of California Improvements
and Investment made In that time At inflated valuations, costly
nss<riaL and high wages, do not now yield n proportionate
return, and win not realize fry per cent upon cost These
fsess should be taken into just estimate in the valuation Of pro-
pesy In Honolulu Er taxation purposes
1ke arrival Of the Palmer places Us in receipt OF our New
York nal Of sept S. and advices from San Francisco to Oct D.
We notice no special changes In the markets. few sales how
ever are ziven-
ssnc- cur last issue, SIX more whalers have arrived at this
ps&. and seven at L.haina, but they bring no later news from
ts North The catShings are small, and reports very neagre-
ne she Of The effects Of thu condemned whaling bark Nero-
- 0rsenpou, which was commenced Saturday, was continued
yesterday. The sale was wel-arended, and good prizes were
rs.Esed- The hull sod for ss2s. and the total sale viii probably
hss up about 5000
The rhoour Kiaoole was offered at auction on Wednesday,,
bot bid in at 81 o7s- She . in good order, having been thor
ssshly overhsnled and recoppered, within the last twelve
oonshs-
N. auction on Tuesday Of the entire cargo Of the Maria,
sucs uaz large, and the bidding spirited. and the result of the
ns must have been satisfactory to those Interested A
fssing Of confidence In the quality Of the articles offered was
nanisstsd, and operated AvCrabiy. In fact, this importation.
= one Of tn most select and satisfactory ever made from that
suarxr. We quote prices Of a few OF the principal articles:
MANILA RoPE-2oo coil, assorted, ex Maria. sold on the
1ssh at l5e.
KrcE-looo bags sold II auction at &c a Sic
TEA-lso cases Of choice oOsonE, ex Maria, in lob cases,
soi Ut Coz a &c y b 3o do, tea, In l ID papers, sold
from zsc q soc y D.
0BAKs-soo NJ Manila, No 2. ex Maria. sold at s3 a
as - = "; 100 COO eheroots, st s12 di No. =. srl 81 a
S13 IS.
MArrIxs-soo rolls white China a., sold at 90 81 a s. -;
q ras White 81 81 IL % 81 81 $50 rolls check a. sold for
o. Is q 81 ST.
YREIours-rhe whaieships KHtnsof and Saratoga have
pnn lzd en- sr fr-ixhs, and are taking ol at SC y gallon By
Desehantmen, The rzssis &C.
Northumberland very scarce whaiers' drafts ae
bsing drawn - par