The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1870-04-16
COMMERCIAL
sATURDAY. APRIL !.

SATURDAY,. APRIL 10 lS'o-
lis probably many years since 50 general depression OK
-s1aI in frzlzu markets fr cur island produce as al present.
Tie auv Of our leading sI4plss-sngaT, rice, coffee pdiu'
moIasses. wool, etc, and there il scarcely an article hA' We
can name which, If purchased at the rates ASKED heIe' III i9S
10 ship, At present quotations IN foreign markets. OW o@'
SUGAR, now barely rraHze TO the planter five GEMS pound
ub.rs Lt abroad vet Il = impossible 10 20 into the market
TODAY aud purchase a thousand kegs for less than seven cents
The same with rice, codFe, puIn and mohisses- Were hese
a,,ac,.s 9.,s5 6r sale here Gr cash or short credit at what
they realize I, the producer several months hence, the tendency
r.-i p. T., relieve the market, dsp-Tse cur produce 10 differ
eat countries. and produce a healthier state OF things in our
prineiraI market Take, fT example, sugar: 4 monthly sale
~ ,ur,qn would soon attract hIiheE purchasers from various
ouarters- who would ship U California, the Colonies OF 10
home a tlartic Or EuropeauJ markets. q : best suits their con-
vsnieuce. As good Term. can unquestionably he elected here
a. by shipping abroad
WIN soon b. i'll steam Communication with the Colonies
and have produce SEEKERS from that quarter, as vessels arriving
9TH cal from sydney viii seek return cargOes Of anything
that ~HI pas a fair freight especially sugar and moiasses- The
question Is, i it not better for cur planters to disTose Of their
rr,duce in such a way a. 10 attract bither customers prepared
L, purrhase Gr cash than to continue the present system Of
rofug abroad 10 find them IfoHr prOduce-cofee- rice, sugar,
etc-is offered here 80 as to net the same Or better rates than
now reaIizeI by the planter, we have no doubt the entire crops
could b. sud here, and with greater advantage to the pro-
dursrs. But Il held as EOw at high rates, cur plantations will
.tv,vs have 10 labor under heavy pecuniary endorsements.
From the san Franciseo Commercial Herald and other eX-
changes received by the Gotfsa Fleece. we siean the following
items
Ne Igamf that merchants RESIDING IN Y Tan Gh4 lldDD, MdElDg
visited both New York and CLicag9 70 purchase goods, found
Trices above th~e ruling IN San Francisco, aud are now buy
Ing in this market.
since our last issue the steamship china, 81 the Pacific Mail
Company. has arrived, with Late daGes- bringing about 500 pas
S.9fi - ,.Lrb ~ bii5,rf, sIien,jri m. steansLjIpIl
Of this line II tuiy remarkable TIE GTsGt Republic sails
hence April lst, and Wii, carry considerable -four and other
besides q -oVfIy number Of passengers
There u 10 question that the money market Of San Francisco
IS very easy. Very few Investments are being made, and there
Is no special demand for Money. while deposits are continually
increasing in tie savings and loan societies vaults. business
IS gradually picking ~, but The demand rom me INTERIOR points
still remains limited. Large expectations OF bonded goods have
been a fz'iuIe her tE ths psi t%o "i T he9plnS the dis,
j. At length about 10 change hands. Runor says that foreign
ment vii b. mad on the 18th u ApnI, 70 the extent Of $500
COO L. the meanwhile, Eastern cIPitai Is fast finding its way
into this uIarkct-jIst > We predicted would Ls the case and
one loan Of 100000. Eastern funds has been secured at seven
PER cent What effect this viii exercise upon local rates. re-
mains T. b. sen. IL. hoReyeT. APPEAR probable that the high
term. heretofore insisted uTOn vHl be somewhat modified
The cargo Of us JsaHaiC EastDVm, consisting Of about i 100
tons Of Newport coal. was srId Al Osaka. Japan, under the d-
r7cti7n Of the uHitei States Consul, realizing S3-l15- The
Japan Herald says that It was purchased Tor tHs owners of the
JsHHIs EastHrm, To whom il viii be forwarded to San Fran
cisco.
The scioon'r 4fr Nay vas sold at auction a few days ago
20 satisfy a mortgage she brought 5000, and was built in
Io65 at a cost oi $1,000. The vessel IS represented al being
stluneh and sound IN every particular, aud viii prove an en-
celent bargain
700 tons Of Hawaiian salt have recently been received. We
quote California Bay al SIl az I6 y tons Carman Island, $l6i
Liverpool, S25 az IS Ofthe Hawaiian salt above referred u,
one cargo will be sent entire TO Oregon without breaking bulk.
The market in dry goods - without any change. Auction
sales during the week have been of considerable Importance
goods selling without PROFIT, and often at n loss
The California Sugar Company has reduced the price Of all
refined sugar lc z Ii present rate OF crushed, loc-
The sales pf Hawaiian sugars for the past fortnight aggregate
5000 If bbIs grocery grades, within the range Of 81 % ll4c as
LOCAL
On Saturday afternoon, the 9Th, the clipper ship Golden
FIsecs, Capt. Adams, touched at this port, II days from San
Francisco, Ell route for fongkong- Finding no freight here she
sailed again the same day. By her, adyices were received to
March 18th.
The steamer Lfaho arrived yesterday at ? p. H., II days
from san Francisco She will leave again on Thursday next.
Her cargo IL reported elsewhere
Advices by her report a further decline in sugars Of about
one cent a pound, first quality being qaoted a" lOGlOl, dark
from safe. The market is represented As utterly demoralized.
The new tariff will 60 into force October 1st, after which the
duty on sugars under No. II will be = cents 4 pound instead of
3 as now
ships Csyi0H md IOIGni arrived at New Bedford, March
December uth-IlU days passage !
The baTkentine Victor brings q full cargo OF lumber fam
Puget Sound.
Several whaIers have arrived the past week from between
season cruises, among them the Hercules, Mckenzie, from
California Gull, with $50 barrels OF oil, and the COHcOTdIa,
Jones, with 40 barrels Of sperm
Several vessels are waiting the arrival Of the steamer
among them the Ka Moi for Bremen, and the KGhehGnehG
>. for Bakers Island.
The ship SyTeH is loading oil and sundries for New Bed
ford, and will get of about the close Of this month.
The bark Ethan Allen is on the berth leading for San Fran
cisco, and will follow the steamer, leaving about the end Of
April
Our latest advices from New York show no changes in gold
or OIL from last previous quotations