The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1866-05-05
W vi


SATURDAY.. MY >, 1906.
THE legal interest in these islands j. L Ter cent Per auuum.
from which rate It yades but little, generally r4u-.u. during
the gear from 10 per cent pr auauuI on long .nves;m-ut- @, 10
per cent or short credits, Within which rates money is generally
easily obtained ND=t of our plantations usually pay l. per
cent. 10 money advanced Oh The estates. Tie Hawaiian Gov
ernment pays on IT, Debt from Q to y PER cent. interest, AMI as
it, credit is good, could IOu1ucz7 readily borrow at the nnler
figure
In England the bank rate of interest ross in January o. 5
Ter cent which nr tIat country 3 en,-nous, aud al the I,.est
aisices stood a. = Will. mercantile interest outside tn banks
wa- a. high as 10 Ter cent.
In New York city, III bank r,e IS Ga7 per cent perauaum,
outside rates ranging from ! u = PER cent per month
In Chicago and Cincinnati, Which ar. becoming important
commercial ceaters, the Laak rate or interest l. 10 per cent.
AMI outside rates vary from ! 20 , per cent. per month.
In san Frarc-cD the bank rate % interest is from y % - per
cent per aEHum- Commenting On Tie above Eastern rates Of
interest, .be .ita has tie following. which apple. still more
f,rribly 70 these fsanIs, where interest IS considerably lover
than either thcre Or New York.
Prom these facts we observe that San Francisco Is 10. Tie
worst place in the world at whuch % borrow money. uo,xith-
.'aIiLz u+t u hs - pilfr money' When II lends the
al I2-1[, not a pLsmi5- %h.cn = only worth - cents. Extra
1000 bbs -four worth $3.50. viii cost sal interest DR. mouth
81 PAPER, which, at I3D j. SlOJ gold To hold LOO bills fur
iH "a Frnci-co WI cost go 30 ia gold, or 81. gold. less than
- "A san Francisco, but u costs less to hHBt ~ here than there.
~ the Price q food and the rent of capital. tie POSITION If Ss1
f"aesco at this Homent IS Superior - the metropolis d the
specie Currency. by her Teneverng industry, and through te
bJulties Of nature ia giving effect u that Industry. This
position - also = crushing reply to those who pretended tlat
paper money was necessary to her prosperity.
Respecting the markets, April 10, tI- same paper has the
following summary
The general markets in the last ten days have been unc9u,-
manly duh except a fair Jobbiug business for the North. There
fsbsen little disposition to buy from first hands. The STAT.
81 the road. ia the interior IS bad, ami from tine rZteut "f rim.
there the trade may be Late Sugar Was more fTu. particular
" Ha"altn- There were r-saI-s Of crushed sugar at I5:e.
~" he'll al lSr- Coal oil - firm; also, olive oil; China nut oil.
so l. spti AZ u 20. iio coffee, eX john & Pauline, found
LHyers at BIC There we're sales Of 40 inch Jurfaps 1T lie.
The IrtiiHg feature has been the extensive dry gods auction 4
s.s ~ Siessrs- NcszI- RS q Co, comprising English. French
ati herman fables Tie sales were we'll attended, and tie
IHces obtained, Considering the present state Of the New York
market were, AZ n general thing, as high as could be expected
York Mills bIeachei shiTtings brought. G
blackstone biclched shirtings. IN.
a ~ biedchsd shfrtrnEs--
Forest Dale bi-achcd ..2s
C"Ne"fi alhls bteachei slhrtnSs.
>ocrds Mills bieacheI shirtings. 15{
Alton Mills hkaeheI shirtings. I6
-"ckalossett wills blearh-i shiriugs
lfiuc steam Wills bleaclei shiriags.
DunIel Mills bcacLeI shitfnys.. ri
london brown shceting. 1S
henry Clay Mills striped tckings.-.. .-..-...&j
s'H4MAedS hihs canton hannel-.----.-.---.- -..--..26
Dundee linen crash n!
lC -mSH NhitG men sheetIuS.- lZt
IO-inclI white lineu shecting. "a
a long line Of dress goods, Of various styles and manufacture,
obi rather low, being mostly u last years importation. Black
-aheta dress silks sold well.