The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1863-07-23

do do per hands Of pass. Cestd).. 10000
49, sI22 800
Z BesbIcs the above. the whaling feet took away considerable
amounts last fall the total Of which could no, have been less
than $4,000.
The imports during the above twelve months have been very
small. and in striking contrast with former years, when from
fifty 70 seyenty-fve thousand dollars in coin were annually i'm
ported Hr tn use q. whaIeships alone. The maniets Of vessels
from san Francisco, since July, 1852, show only about $500
imported, and in the hands Of passengers from the same quarter
there may have been - much more. The total coin imports
from all sources viii not exceed $4,000, leaving an excess Of
exports OF at least $4,000, to be increased by whatever
amount EhsIeships may Lave taken away.
II - an established rule in commerce. that specie viii always
flow to the MARKET where it commands the most value, and as it
is no~ in more demand abroad, it must continue to fow out
from ihis kingdom, unless We take special pains to check il, and
provide substitutes nr exports. Legislation might keep it here,
but iegisllting for specie and coin is always a risky thing, en-
barrassing trade, and should II possible be avoided. The drain
dJpecis 20 foreign countries I. caused by a want Of ex hanse,
or produce for export. which serves the same as ex bange, to
pay for necessary imports. Whatever may be the total amount
ofcurrehcy in the kingdom. this export Of specie cannot long
conuuue without soon causing great inconvenience in every
branch Of trade and agriculture, and for this reason We trust our
merchants will erdcavor to check Il.
Besides the ordinary demands for local trade, it should be
borne n mind that an extraordinary demand is created in this
port every fau, by the influx OF foreign whalemen, who require
q large amount % specie to settle of their voyages, which de-
inand, even IN the most prosperous seasons, has compelled them
to pay large premiums for the money they call for. The num-
Der Of ships that will visit the islands this fall will probably be
aboat ID II a last year. There m 81 vessels known to be
cruising at the North this summer, and others from the South
have doubtless gone ihither, without being reported. OF the
above number We may judge that IS at least will recruit at the
islands this fall The average amount usually called for by
each whatsr is about 5000, depending much on their success
during their cruise. Estimating the demand at say $4,000 TO |
each ship, which is as low a figure as any merchant will put tat,
il gives 4 total Of s2<.,50O that will be called for during the
season by the feet Of whalers- This sum Will not be taken out
Of the kingdom by them, though a small portion of It may be;
yet for the time that they require II, it must be Withdrawn from
other channels OF trade to serve them. The question where tits
to come from, even should the market become no more stringent
than at present, is one which our merchants should look into, and
which a wise fOrethought and proper action can meet, by i'm
porting specie as in former years, or by such ether measures as
can be devised. -
RIcE--The new crop is coming forward finely, and promises
t. be as heavy a yield to the acre az that Of 1862 The samples
that we have seen are fully equal to any raised last year. Rice
planters will do best by disposing of their grain as soon as
harvested, and in the paddy, on as good terms as can be had
mere, and not ship to a foreign port on their own account and
risk Account sales that we have seen Iately-reiurning to
shippers almost nothing, and in some instances less than moth
ing, for their labor and pains-confrms US in urging planters to
sell their crops here, and let brokers run the risks Of shipping.
We hear Of a sale OF 10000 Tbs Of paddy during the week on
PIT A fair quotation is from ]! IN &c. per pound.
RIAL EsrATE--The fine valley residence, belonging to the
Estate Of the late c. Brewer, Ind, was sold a, public auction on
IN 21st, for $3.50. and purchased by Bishop s;aIey.
The Yankee is rapidly filing up, and promises to get Off
promptly on the day adyertised-Saturday. Now that there
are but two packets on the route, We trust that they will not be
Allowed to remain in port ut either end OF the route over 10 or
IL days