The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1866-07-07
NJ
Z. Issa.

JULY =. 1850.
Tsx COMMERCIAL news receiged ~ the las; arrival possesses
IS much interest as have any Of the late arrivals The panic
sn Engiani stSl eoldHucd, AMI numerous banks and business
frns has beca compelled to suspend. Over thirty six millions
In EuiI has been shiPped from New Yosk to England during
thirty days ~ the relief % thu banks there, and the only effect
That this large drain q EeEf has thus hr had in New York was
70 rsise the premium to 49, It is @neuiat remarkaLIe that
hr,eTica, which European fnaBci-r- Tor tie past few years
have predicted would sooE be bankruys. should - the principal
country that PUSHES to the rescue q pani-strJckea England.
At tire last monthly r-pos; the American government had over
sixty millions In gold on hani, and il j. rot improbable that
The greater part q Z viii be called for to relieve the Kagiish
market Shout the English panic continue much Ioager, the
premium On gold IN New York may advancecou.iierzbIy higher
than IL was It the last report. From Messrs. Brooks K Coz cir
esdr we extrrt the following referring 70 the EngHsh panic:
e Private telezrams eouarn the General news dispatch these
forced u tent before the financial storm. Th-y may bs emu
I-s,atsd in The ta!;2sins orier, eoulHeneiag about May Io,h
ACKNOWLEDGEMENTS from ten to twelve UiLE1n p0uu-is sterling
bHat5-s EIooo 900 stsriiaT. ". sLgmp,gn. rIiisfy e5H,rle,sr
zEsooo0 steri'ns- Europeaa Bars, q L-onIon-fabiHtie
-aspeadsd- Ses Zeaani Bankfaz A.-Deistou-srsP~ni-a.
aoa-a4sp~rief. ad sszExn-d a. .h,ua@nt. r,usiBy f-,r,
abroad % the Consolidated Bank sr the protection 81 bills
.s sT ga ~ cao.ojti,.si 3 wv ~ eapTm .. I ~
mp capital Of E2500Oo sterling. With extremely heavy commit
ments- must Il - announced. pass into Hquiiafion- The Bank
he'll is rate Of discogn< FIRM az u per cent. per snnum. The
Commercial Bssk q fnaa aud TIN last has failed. The Lon
Ion Joist St-rk Disc1gnl Company the Contract Cooperation
Company. Hmitsi, rh> English Joint stock Banking Company,
tuntri- Sr1t-hr NhsuL y % trtct'r avn q To- D--rir-
many other D--souHt Corpora,Ions aud Financial Companies.
have ts-n reported as -gsP~Diei- At GAsso~. the ir'n-deai,
rumor- 81 heavy Suspensions were being received from LIVER
bankers were IN London. eons-rTing with their agents. planning
relief, or aiming to provide against dangers Of Il " run" ship
urgent calls Tor reHsf, during the ninth of May exceeded
an advance IN gold a commercial necessity, aud delaying all
present effort 70 fund the currency, and thus return our Eastern
The BuHsnA Of June Is, has the following abou. the panic
in England
The news Of the failure Of the Agra anil Masternan Bank.
Londan crisis Masterman's wa one Of The Oldest aud most
Parliament two or a rec sessions Tor the city 81 LONDON. Two
years ago they amalgamatei their London business with the
standing-and established theInseives under the new Law Of
20 s% sS Goa sa'' Iys a s = hr1 6 1sSiIi . oo i tSs Ip eSPtisr was
22,5oOOOo- The dividends we're at the rate % Is @ cent
shares stood at sS5 Srsiss paid. As the erisi, progressed it
anPeIrs = hass se'm ~ ,s' us Z ~ Mssesrl.ans
ton was directed to their afIirs. however solvent or eve how
, In ~ aoS h-ot IN IN london. H. Tsorie = = ybara1ys ~
s,rs-tsn ~ :, tbe, n-a,u~ sToyt. 10 ~, th-ir 80
ino their own possession they are Esei-ssiy running themselves
mcust4ry affairs from thesatastroPhes which the wires bring
another seven or ten daTs n ne rriyn u terror. whpch had al
ready lasted hr Z5 days. might bring about results unequaIed
the 18th century, or La~fs financial scheme in Paris at its
Iepositors and on c1st0ners' balance-. The average accept
ansss on bills drawn by branches on the head Office amounted
q other bankers 100000, and liability on exchange accounts,
isdest-inrsa Of near I sSo GOO COO ms rst,bIfsbmsnt
had banks in London, Eiinbgrg, Paris, Calcutta, bombay,
sunber 81 smaller branches The real estate Of their various
s vas valued at 81 100000, and their gross profit
asst year wa. over 81 $500 zoo, after what was considered a bad
years business in Bombay and elsewhere
TIE California markets for our island produce remained very
iu! At the latest adyiess, ami prices low, hut it was thought
NAT the bottom had been touched Although the stock Of
I-t,nd sugars was stl large, there we're indications Of i'm
proyement in prices at an early day. /.
eDaARs-Prices for all descriptions have favored purchasers.
The market u largely supplied both with raw and refined
trades Me-ss. Jones & Bendixen sold at auction 800 kegs
Lation being for choice No. L These prices by no means pay
he cost kehned sugsrs we're selling at l33Dl1c; T..
MoLGs~Es-At auction, ISJ bbis- Hawaiian, sold at 10 days
credit, at JI45It cts. per gallon
PULU-sG0 bales soil on long credit at lOic.
wooL-Is-nans at I7lD2IIc- with sales Of some $4,000
bs- notwithstanding the Improvement in prices of which, We
ne advised losses on shipments thither viii b. serious
GEO. W. Bonds Boston Wool Circular says: {
fie market for wOolen goods has been dull. and goods have
crun uiatei. This has caused many of the manufacturers to
Top IN whole or IN part. which fact, with The decline IN gold,
IA created a CONSTANT tendency downward In price except for
shot time ia January and February, when there was a slight
mt short lived speculative demand in anticipation OF increased
lu,fes. Foreign w0ois are dali 81 sale. At prices in some in
tanees slightly under our quotations there have been large
aies Of domestic heeres. which have materially lessened the
upon the market {
FErus--The new crop OF fruit was beginning to come in, and
he san Francisco markets were well supplied with the early :
rui;s. The following are the latest quotations;
aPDsss, 81 5OGs per box; New, 2oG25e Z, ID; Aprieots; 900 I
tums. tod5oc Y h; Cherries. 1SG Toe Y ID; Cunants, 25D I
" y: sis- lCsil dried 100 Y NJ T,ss Go,s,s1s ar,ei, |
.aspberTies, 3OD5sc u ~; BiackbeTries. I5G25c q II; Oranges, ]
2G5 y huDIredi LEMONS. 81 80 Y dozens LINES, SOC 2 f.;
ozeri Pine Apples, T&c each l
The ship csylon va lying in The lover bay at Boston, May |
IoadeS AMI ready 70 sail with the arst fair Wind. for Homo q,
Iu direct. The arette was also nearly loaded. TO sail June l.
he I9igHi would also leave Ia all JuneI-ail three bound TO i
his port. q
LOCAL NEWS. s