The Hawaiian gazette., 1868-07-15
COMMERCIAL.
HnKoLuLU. JULY "A. 1865.

HONOLULU, JULY IA. 1865.
SINCE our last issue we have to note the arrival Of
the Clara R. sutiI from San Francisco with merchan-
disc. pas.engers and mails TO Walker a Allen. She
brings San Francisco dates the 18th ult, and New
York kilograms Of the 9th Gold quoted at 1907
Our commercial adyces report business in general
as unusually dull and stocks Of all kinds heavy with
a downward tendency. Quite a decline in grain.
The only article in demand being sugars, both raw
and refined. Molasses duh at 2s@SOc. Pull in de
mand at 2oo.
The steamer Montana was advertised to leave San
Francisco on the Sd inst for this port to take the
place Of this Idaho.
The D. c. Murray sailed on Saturday last with a
full cargo Of sugar. molasses pull and hides. 1t is
fact worthy Of notice that the Murray has left this
port regularly, during the past eighteen months
every sixty days.
The bark Cambridge was expected to leave week
after the Montana and will bring the following mail
She will take her place in the Hawaiian Packet line
TO san Francisco and the Clara r. sut to Portland.
c. s. Barlow held sale yesterday at the stOre of
H. Hackfed & Co for the purpose II closing con-
signment. Goods to arrive ex wyllie also
offered. Prices obtained show that market is
fully stocked.
The brig Kamehameba Is at hand from the
Guano Islands. She sails again with supplies and
Iaborers on Saturday.
The brig Blossom has been sold to Foster 4 Co.
VESSELS TO BE NuMBERED.-A new national law goes
into effect on and after July Is that every vessel
registered, enrolled or licensed, must be numbered,
which number must be cut in the niain-beam. The
owners masters must afiik the official mark, the
number TO be procured at the Custom house. at their
expense, and an inspectors certificate that u Is
properly and correctly DONE must be presented before
they can get their papers at the stem-house--N
b. Standard
verdict was given in New York in the case of the
Continental Bank against the Bank Of the Common
wealth In favor Of the latter II 10 establish
the principle that any bank l. made liable il its pay
ing teller pronounce check or certifcation good,
even though the check certihcation be forgery,
provided the holder Of the check acts upon the state
ment OF the paying teller, aud thereby suffers loss
Twenty-six thousand cases, or l,56O,eOO pairs of
shoes were ship ed from Lynn during April The
value Of these shipments was nearly S2OoO,0OO, aid
il was the largest months business ever transacted
at Lynn The manufacturers are reported 10 be as
busy as this month in filling orders Boston
Journal.
Tue financial letter Of the ZYHes, from New York,
says Of the OF in feightiug, and its rapid
growth; -.tlE
THE ocean carrying trade continues IN a dull aud
unsatisfactory condition. fact due 10 our extremely
faulty system Of taxation, which is last building q
Chinese wall around American products that for
merly competed successfully with those Of other
tons IN all the great markets Of the world, and TO
the rapid growth 81 steam tonnage Now. if this
steam tonnage were owned and controlled by our
own countrymen- there would be particular rea-
repne, since their earnings would 20 fur to-
wards ferti1zing American commerce but unfortun-
afey Of the sixty odd steamers 10 the transatlantic
service not Is owned in this country. They are
all under foreign flags and though they carry freight
cheap, they understood 10 be making money.
The old American sailing packets have nearly all
been forced out Of the service, and in year or two
more these old liner" once the pride and boast Of
our murchaut marine will be among the things thst
were
The National Insurance Company, Of San Fran
cisco, give the following reasons for winding up their
affairs:
It is the sense Of the Stockholders here assembled
that the capital present employed in the business
of Insurance the Pacific Coast is largely in ex-
Of business requirements; that, in addition to
the ordinary hazards Of the business the rates Of
insurance in vogue yield inadequate returns for
the risks Incurred that the recent repeal Of the
Deposit Law forbids ali hope Of an early resumption
Of healthy system Of rates, while the individual Ii
ability imposed upon Stockholders by State
Constitution endangsrs our private means IN case Of
extensive conagratious, to which this locality is
pecally liable"
This danger has, for the last two years, been evil
dent and must lead either to the withdrawal Of those
Companies which do business honestly, or sweeping
failures must among those which look to their
profits rather than to the security Of the insured