The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1866-02-03
THE PACIFIC
Commercial Advertiser.

e The following Is the business circular Oh
the house Of Chas " Brooks & Co. agents in
San Francisco Of the Hawaiian Packet Line
prepared for and forwarded by the steamer A jar
Its interesting summary Of commercial and other
news, must be our apology for inserting it en-
tire IL will he read with much interest by ALL
SAN FRAxcrsCo, CAL, Jan 5th, 1866.
GESTLEHES The past year marked by even,fuI
changes, has amid varying aspects afforded constant
prosperity to California, crOWning with fair returns
all we'll conducted and legitimate enterprise Winter
has proved unusually pieasant-free from rain thus
far, continuously cold, with light, dry N f. winds
unfavOrIble 10 vegetable growth. Should cOpious
showers now ensue, yielding valleys their
TONED requirements incoming crops may lose nothing
from n rest ut present necessarily myOsed upon all
vegetation. Difficulties Of inland transportation
generally render trade dull after rainy season
commences
Mining prospects continue good; heavy SHOWS in
the interior promise abundant supplies from noun
tain reservoirs whence miners look for water ueces
cary release the gold they labor for Uncertain
and depressing fluctuations in mining stocks clearly
reveal how inadequate are corporations TO develop
successfully mineral wealth. although apparent
ly iGexhaustible to individual enterprise, which
yields constantly its steady stream into the lap Of
this great mopoIitan metropolis and future mer-
camille centre Of Western America
New and important manufactures have been in
trOduced many elegant public and private structures
have been erected in city, and improvements of
all kinds have advanced beyond the precedent of
former years recent canvass returns the popula.
tiOu Of San Francisco at lI9, 100 persons Our
Pacific Railroad, pushing rapidly forward, both
eastward and westward, may nearly approach com
petiOn within three years, while the sanguine
think Il may, III two years, be open hence TO Salt
Lake City.
American fnancers generally favor n system of
gradual but constant contraction in currency tend
ing to the resumption Of specie basis by Government
and ultimately replacing business throughout the
country on this same sound reliable footing Con-
gress will doubtless revise the present system
adjusting and diminishing taxation, rs far as possible
within the requirements of national exchequer.
Prices Of all commodities rule high throughout our
eastern cities, where almost prOdigal extravaganza
and lavish expenditure prevail TO extent before
unknOwn. Money appears abundant although large
amounts Of northern capital being directed to
reclaining southern States from the effects of the
past rebellion Slavery exists no longer within the
United States having been abolished by official pro-
amendment 20 our Constitution. Presidents
Message has been received throughout the country
with the universal appreciation of all parties The
national debt Of the United States, January 1st,
1866, reported by telegraph. amounted to S2,SO7,-
3lO,3l7,99, on which the annual interest Is about
$50. 100000.
The Annual Report Of the United States Posrmas-
ter-General, presented at the recent opening Of
Congress, briefly forth the conditions OF service
the principal ocean routes, from which we
make the following extract:
The contract f the mail service to Japan and China was
the sh Of last, the Pacific Mail steam
bill the
Fnc All nSTrLcnr touching On tie outward and home
ward to Rand and receive mails at the port Of Homo
Hawaiian Islands, and the of Kanagawa, in
Japan only received under the advertisement
cosny c. s ar c ba i'55l saF rss cass steamships Of
from $500 1000 tons burden each
and b- service or before the first January 1901
MIR. Steers is building at Green Point, New York
City. large side-wheel steamship for the Pacific
Mail Steamship Company, one of the vessels for the
China mail route. and said to be the largest wooden
steamship built; 5000 tons burthen, 300 feet
long 80 broad 81 feet depth of hold, constructed OF
the best material. and will cost Sl,OOO.OOO. This
Company ere pushing forward arrangements rapidly
as possible and will soon afford most regular and
efficient passenger and mail facilities. They will
positively touch at Honolulu both going and return
ing. and likely to become the great medium Of
travel.
The arrangements Of vessels, suited for successful
line, are not matured in day, and II Is only by
gradually perfccting details that such be run TO
acceytabIy supply the Island wants. Should the
California Steam Navigation Company feel satIshed
Of their ability obtain monopoly of this carrying
trade they will doubtless continue to for long
time n a considerable loss. Report says the iJGr,
her initial voyage. will be pressed TO her utmost
speed, in expectation of reaching Honolulu in little
over days, ard returning arrive in nine days
passage The between San Francisco and Homo
lulu has already been performed by steamers 81
times-25 trips down and II trips up-in an aggre-
gate of SCI days, l5 hours, averaging about 10
days passage.
The inaugural trip of this second attempt to run
steam vropeers between San Francisco and Homo
Inlu cannot but be hailed by oil onward step
toward ultimate steam girdle around the world.
Time will reveal what success can attend such an
undertaking, and while views currently advanced
are various in the extreme, the fact IS however
patent that increased facilities stimulate business
where a sufficient basis for growth exists the
propeIlers PeytoHG and POlyHesiaH formed the first
steam line between ports This present enter
prise however well managed, like the former one,
cannot but entail serious loss, during its nCpiency
upon it's enterprisiug projectors As conveulences
of travel multiply and cheaper, the progress or cities
ia materially effected each opening avenue OF trade
attracts commercial capital into new channels, and
Hawaiian interests may reach larger Development
with each increasing facility, permanently adorded
Between the steamer and the packet lines we Iooh
for no spirit OppOsitiOn each enjoy lis SPECIAL
custom. and only that healthy competition ebsue
which should result beuefcially, by developing
and advancing all interests involved 1t Is TO be
hoped sufficient encouragement may spring up to
probably sustain this steamer independent OF that
now extended 10 sailing packets, for, should steamers
obtain q monopoly, u strong company might advance
and control rates, dropping them only at Intervals,
sufficiently crush out any attempt at competition,
shows
Receipts Of Hawaiian produce have, of late, been
light and sales consequently limited. Our market
rules rs follows, viz -
SG,R-Stocks keeping pace with demand which Is
diminished during months, at which Sugar -
r-ureueuts. firmly held and prices well sustained
Reineries season, manufacture ahead stocking up for
spring ami summer trade when they have heretofore been una
l w supply the existing demand The establishment in our
civ n stiI another sugar refinery, rapidly advancing
coEnpcton assist IN giving tuure sisIn anu
Grmuess market tor low grade sugars suiaO5 LOT ~
ing competition among purchasers In We" oi
supplies coming forward, IL is not difficult to our mar
Eet, ": being sensitive, decline IS S'sIy ouec anu a m
advance only established by labor ami good management "