The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1870-02-05

s4TURDAK. FEBRU4RY ). 1870.

3. 1870
The LbA0 brings Us San Frsncisco dates TO January I'll,
At l. o'clock oa which day she left that port. Not the east
interesting Of the items reported by her Is the probability that
the duty on sugar will BE- reduesi- Our advieez state that the
reduction sought sr by those interested j. Ore-aDd+a-hsf 90
"cnt- y postas- The present duty on No II r. . cents, 80
that rae chang would reduce the rate or this grade 10 2 cents,
and on darker or lighter in the same pEoIDfriOn- On this the
Alta hms the following remarks
fhe Telegraph iniouns Us that the COMMITTEES d ways and
Means have d-rid~d 20 retain The coal duu@s ~ % Ts1uc~
those on sugar. In view - ;he position Of Cslifgrnia In rs-
-peetoi thrse two egntur-1ItHes- til- action - INN
sufficiently large TE= sas4 ar imported into this CITY, IS shown
IA our annual statesueut q the commerce Of the IpTt, va
If,LIlDp lDel-I' p@Nnz sL'fpyOy - I,tTs
Government 1herr - none grown % the ate ana Nery htIF
every cent a tn tax j. 4ddeI to the cost II sugar TO The con.
sa ant @"4 ssTry Pun us5t ~ M.a, -" - ~ 4Io0S eop-,itatss
~ y cent Of ths customs rsysnuss q this port paid IN soth-
and being drawn cut of circulation . lsr1eI up IN thS Sas.
tom H"use o. sent Elst \ remission 81 that YAK Vo1f hGt
only remove q burton f"Hi the commerce q un4. n 49, y
times j. a great inc uv,ni-nc-. On thu other hand the coal
tax although a small GA. in tn aggregate serves UiOs'efa
growing interest
The reduction will have the effect TO cause an increased
Consumption oF sugar in America and consequently create a
more active trade, and fn this way viii benefit the producer
here and elsewhere, by making a greater demand for sugar
though il is questionable whether he viii receive any greater
compensation fr his sugar than now, as The price in America
will drop 90 the -ame extern, tha; the tax Is removed.
Regarding frei-hts. the BuHefiH Of tie 18th says
IT ) a p,ot rle tha, VIII not work both ways. The Wash
ing o. tn same day II - announced that the F0ur0eau Mon
ASVs Will 20 hence o. CalLaO ia ballast, seeking. The John
6rght Is also reported for the same port, and the Ontario for
NaIpsraiso-bDth IN ballast, seeking- DuH 5 freghts are
here, according to the latest dates from South America, they
were equally inactive there
1t s stated that a new line Of steamers viii soon be es,ab-
Iished between Liverpool and India, via The suez Canal. The
company Is headed by The well Known firm Of Messrs. Bibbey,
Tsmay q Fletcher, and other merchants at Liverpool, with \
capital % E35O,OOO, 1T El.OCO r share. The above firm have
subscribed 900 900, Raving but 10000 at the disposal Of
Jhir friends They have eight large powerful steamers build
ing At Belfast and Glasgow, $50 feet bong, AMI fitted with high
pressure engines The freight Er the Conveyance Of cotton to
Liverpool Il fixed At E2 To- = ton
We observe no chlusesIn the san Francisco market for ISL
AMI produce sugar remains as last quoted, IL "a HE for
best grade coffee Em at 10 n lie puIu, dull at &c. mo-
Lasses, Is ~ &c
God Huctua,es- between 100 "a IsI, with a general tendency
10 decline A to- r4f+d decline would undoubtedly create great
embarrassment IN business and heavy losses
OILS show 4 sin further decline, sperm being quoted January
p at 81 80 and whale at 80 "a sjc currency. whalebOne So
s7e- goBd- -
LOCAL CO~MHERCIAL.
TIE Steamer brings a smaller cargo than usual-two hundred
"toEz Pcrhtps-of assorted merchandise. she will leave again
On Tuesday at I p. NJ, and has a full cargo engaged.
The British brig Anne Porter, which arrived yesterday, -
days from strong's Island, was chartered there to bring hither
the passengers Q. the brig Morning star, which WAS wrecked
in October last
The ship James Chester arrived on the Both from China.
under charter to take the cargo Of the Lorenzo, but IS the lat
ter vessel has taken her cargo on board, Tie former will leave
shortly, seeking
The three-nasted schooner John Hqnroek cleared from San
Francisco January 20, with a cargo Of Humber and shingles for
this port but whether she comes direct or via Port AL ion, we
are not advised
We wOud call the attention Of traders to a large credit sale,
10 be hebl on Wednesday, Thursday and Friday of next week,
Of English goods ex Hicoya, which will embrace every variety
Ofstock usually kept on sale for native or foreign trade.
ITEMS.
The sales q real estate in san Francisco for 1860 amounted
To s29,9IT,7I4.
The finances Of Spain are considered 50 indifferent that the
city q Madrid cannot raise a ban Of ten millions Of reals.
Three thousand tins 81 coal are used each day in the gas
works Of Loudou- The aggregate consumed in a year is TO-
10000 cubic Get.
Loss ny FIRE--It II reported by telegraph that the total
losses by IRE In tire United States for 1869, reached the enOr-
nous sum % S~fOy6s4-OOO. This - about one per cent Of the
entfrr product Of the year, and OucsiNth Of one per cent. of
the estimated value of all the property Of the country, real
ami personal