The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1861-08-29
COM
THURSDAY. ArGrSr -, lsal.

TVS erTz-r ship Dirfafo-. Philips. arrived ou The evening
ofthe I'D, thirteen days from san Francisco. bringing a small
EaA- -hs ~as N routc nr iourkouz, having = large number
oftAinr,e passengers on toani. After taking On board a con-
.f-rabI- quantity q fungus ami nine passenger, he sab-i On
tn 2ith Pr her drtr.tiau- We must agaiu tender o THE pro
Trietor- q this line IN san Fraucsro. tn thinks q our business
community hr the -topIaze of their packets at this port even
Il only t. leave a mail and prere fresh suppHes- In these
stirring times. the mails eanu0; arrive teo often To h. Welcomed
~ all
by thf. ship ~e t-ara of the arfva. over ofths lark Yankee.
- the 9Th, after a passage q twenty days. She would Lad With
all possible dispatch, ami sail again on the 9th ia-s B=iig.
her, Ne lam that q clipper -hiF, chartered by N,-sr-. Water
man AMI spaLiug. vas o. sII about The sane time. The
STEAMER Sa"ta Cruz "outI leave On the 1G,h. aud is therefore
due here today. ifsh= saEed % uLas date. Th--hip SPECTRAL
had not arrived ~ 20 the 10Th she sailed hence or the y! u
july, aBi -4s Therefore eighteen day out.
The ship Marion sailed for Houg.oag on the 25th, having
obtained L fair quantity Offuueus-
Th> snip R9faga, EgrIstt. from Boston. or t,ns port direct.
is OUT nov I5 d.ys. She has heretofore maize her ra..ages
very regularly IN I'D - IL days, and may therefore BE- con-
slIsroi due
The Haaoseran brig SeAiriage. from Bremen. with ulershan-
disc tn Nrssrs- Hacsfsht * Co, aided eight days prior % the
RBfzga- AMI - also about du-.
The schooner sea biteh ought TO arrive from tie Arctic early
IN september. and By her re- hope to receive our hrs; reports
from the whaling feet cruising In that oc-aE-
Local trade Is extremely dull, and Is confined almost wholly
d the small current wants II traders and others. Il IS too son
10 JUICE what Kind ofa season Is before u, but the probability
IL that { viii b. fully a. good - last season. - much depends
on the success % the whaling f-t, that until We have some
1919 49, NtANNN AAA fN " NtaA-A - ~
-ha; Is usually termed tie fall season. will amount 70.
THz wHaLfsG IsrEaEsT-The y. Y. JoHraaI Of CoBmeye,
presents the following somewhat oyrrchargeI statement Of de-
cline in our great staple
It Is known that the discovery aud extensive manufacture q
coal oil has bad a most ruinOus effect upon the whaling interest
'E the past three years, aHI & i believed will decline fully a
are lying idle at the wha.yes, AMI but one vessel j. fitting out at
this the bu-Irst season u the year. Several have been With
draEn from the whaling business. and others have been recently
sold To the Governnent- Oh, which It eo=Js go cents To produce,
vii rDE bring but 20 cents and thousands u casks, which
have accumulated While the owners have been LoIIing Oh for
better prices, are sto~ed away in sheds and covered with sra-
The same impression Is noticeable at Fairhaven. and New Lon
don, and also Z Honolulu. Sandwich Islands To New BEDFORD,
though tb- whaIes tb-m,eIv-s vTl rn',,,,,sIIy ~ sr1,-G,i =
the dseovery Of the oil which Is fast super=Iing that hitherto
supplied BY themselves.
Commenting on the above, The y. b. STANDARD says.
it, prospects a. brilliant A. could b. desired. u. it i by no
means rrdgced % 50 low an ebb a. IL is represented by the
this port the present season. Pour are now fitting. and Others .
pIoyed in the whaling business ~ sLips. barks and schoouers.
At present the fleet numbers 3G3, which shows a falling of Of
shout on--eighth- With the increased economy which has of
hate characterized the fitting out % vessels. the business can h.
male reInunsratye, and WI are inclined to think 1t will show an
Improvement in the course Of a year or two.
ENPItSArIOS Or EsGLIsH ExcHAsGE-It may be well 70
notice the cause Of the erroneous statement Of the price Of Eng
Hsh exchange. Originally it required hat ! +i-IGO silver dol
lars 70 purchase an English sovereign, say in Liverpool 81 ~,
But, in the course Of time, both the standard Of fneness and the
o-Dmu "ciyht O. ny slivrT dollar underwent various changes, Z
and The standard Of English gold coin was also altered. II nov
requires 81 50 100 SILVER dollars % buy IN English sovereign in !
Liverpool Henc-- 81 - j. the present real par Of a pound
sterling But a. the successive changes noted were small, anil
a. various kinds Of dollars were in circulation at the same time.
the original par % - ~ was never changed in calculation. and
the advance in the real par Ofa pound sterling (as the dollars
became less and less va!uable) was effected by adding 80 many
per cent 10 the fictitious par Hence. when exchange il now
quet-i at lCs it i Hiss per cent premium on = fictitious
In brief, sterling exchange at 100, Is really at par. All this may
seem trte % some u our readers hut we have 80 often been /.
questioned on the subject, that il i probable that, 10 many
others. Il viii be 4 novelty. |