The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1870-08-06
CIAL.
AHGI

SATURDAY,, AUGUST g, 1870
The commercial news from Washington by the last maj
VA. quite interesting. Congress had finally fixed the larin on
SUGAR. so as to favor the rehneries, lowering the duties on darN
OF refining grades, and raising them on lighter grades
The allowing are the rates on sugar and syrup; On az
classes, 5 cents per gallon on syrup Of sugar e2ncentIs.n
meIada and concentrated molasse,; ) cent Per gaTon n /; on "a "a
raw Or MuseovaIO sugar, below No = u NJ. ~ ~ ~
CENTS per pound on All above No : and not above No ~ =
No ~ p cents per pound on all other sugars aboyelNo.Y
ami not above No ~, Of standard color, 3! eents Pc pou2n )
On all sugars above No 20, 4 cents per pound w
The new tarig Dies not take effect til January lst, no
Co,rre.s also passed an important law allowing gods .
ra.. through the United States il" bond The 'oI1"i"s A4f
reportoft= T.
- T-yrba8diss- which were added 70 the Tax Bill by the
Senate. provide that any merchandise except VINE, dlstIis1
iRRr ~ a. New York, Phi dylphis, Boston; baltimore, Port
land, Ne, Port Huron, Mich, Ne. onsansi Ia . s o. ran ~
riers % be designated to The secretary Of the Treasury, who
a ia ! vberet he daiies thereon shan be collected, namely
New York, Boston, Providence, Portland, Me- PhiadeiPnla'
Baltimore, NorfIk, CharIest9n, savannah New o1sans'
LOUISVILLE, Evansville. St Louis, Mlwaukee, Chicago, CieyeI
sGn Francisco Similar provisions are aEo Pry'mea >, 's
transportation e merchandise across the United states toof
from Europe or Asia, Hawaiian and adjacent islands
The 6Howing, from New York, under date Of July 18th
will interest our wool growers:
Woods remain quiet, exc pt for California. in which there
Ia. been quite an active movement al fl prices. These
them in pAee Of hreign- Sales Of CaiiErnia for the week
or n bar. an n Beeton the v5ois are si-o in 4voT Sales Of
$4,000 p were made al 2TG3Se, the latter price for choice;
also 900 Us Of pulled az Sic
THE NEW FCNDxs BLL--A Washington dispatch says
the Conferences Committee on the Funding Bill have agreed 70
provide a. follows s1.OCO,OG0JOOO bonds at 1 per cent 70
run fr thirty years s3OOyOOOOOO at 81 per cent, TO run for
fifteen years and sDOYOO0,OOO at 5 per cent TO run for ten
years In all, the new issues would cover slI5OO,OOO,OOO Of
the debt now funded in 9 per cents The total funded debt
was s2,IOO,O0C,OOO az the beginning Of the present Administra-
lion Of which about $4,000 600 has Been provided for. The
total amount on which interest should now be running il,
therefore, 81 ,96O,OO0,OOo- AZ the present rate-6 per cent
the annual interest on this would be sII7IsOO.OOO. That Is
what the nineteen hundred millions in bonds now call fr- IL
the new 4, 81 and 5 per cent issues cOGIi be exchanged at par
with the 9 Der cents, our interest aecoun; would be as follows:
Bopds- Interest
81 ,0O1OOO, at4 per
3J0tOO1YOOO, al u per ent-------..--------- l3sJUlOOO
z0OO1.OOO, at per NEUTRALITY-SUSPICIOUS. 100000
4~CO,OOO,0O0, (Old)6 per ent.--.-."."---.-. 27,GOO0OO
-
81 s9I, 10000
By these figures there wouLI be a difference in favor OF the
Government on annual interest account OF S25,Soo,O0o-