The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1870-07-16

sArURDAK. July 10. 1870.

SATURDAY. JUL 10 AofV-
The san Francisco Commercial HsT1Id, og n recent date
referring 10 The Hawaiian reciprocity treaty, says; Hostility
20 this treaty was mainly based on the ground that our Pur'
chases from the Islands exceed in amount and SaIue their Pur'
ehases from rs, and that il would be a losing bargain Tor The
Amxican Government The recent Inauguration Of q steam
shin line between Australia and Honolulu bids fair 70 turn she
scales the other way. Our private adyiees from the IslandS
state that the B0Hga V0Hga went away with n full load Of
Island produce, mostly sugar, and that probably One-half the
entire crop xouiI take the same direction Should this con-
lecture prove eorrect-and &c Is based on the sound reason thar
SUGAR Is worth more in Australia than it IS in this uarket-f
may turn cot, before long, that they VIII buy more from u
than We from the Islanders The amount Of duties collected
On Hawaiian pr0tuets is not sufficient TO weigh against the eI-
deut policy Of confirming this treaty The principal merchants
aud leading planters are Americans. The Islands form the
great rendezvous for the American North Pacific whaling feet.
They lie on the line Of route between this city and the British
AusfralasEan Colonies. American interests are steadily increas-
ing in the Hawaiian Kingdom, and we can never consent 10
their falling into the hands Of any other great maritme power.
shouM our Government yorabIy enterfaio the PROJECT OF Cyrus
w. Field, and authorize the laying Of a submarine cable be-
tween this port the Sandwich Islands, Midway Island, Yoke
hama and Shanghai, there will Be Pm additional reason in favor
ofthe reciprocity treaty.
CUBAN PEODUcE--We give last week figures showing the
great increase in the sugar yield OF Louisiana. We have now
como statistics relating 10 the yield in Cuba The sugar crop
fr IsJ0 amounted 10 3,3I3,OO0 boxes Of $50 pounds each. The
moasses crop amounted to 3O5,oO0 hogsheads. NOtwiIhstand-
ing the continuance Of the rebellion in that country, the falling
OF has been emily ~one-efghth from the produce Of 1868. The
smallest yield for any one year since 1850 has been 243oO00
boxes, valued at s~35OOO,OcO. The total value Of all the crops
of Ceba hr 1850, including, tobacco, coffee, wax, cocoa, dye
woods, &e, was over sSQOO0,OOO-
The arrivals Of shipping at the port Of New York in a year
are nearly 5000 the tonnage entering and leaving the Dor.
amounts to 5YOoG,OOO- The imports and exports are 100000
ooo- The aggregated business AMI traffic Of the city in a year
is computed at &, sl3.61sYOO0.
The New York Tribune says that there are 22s steam YES
ssis for sale in Liverpool, the vessels ranging from $50 tons
burthen 20 1850 These vessels can be bought much cheaper
than they can be built, yet American laws absolutely prohibit
the purchase, and 50 American commerce Eanguishes-
LOCAL
The three-masted schooner Success touched al this port on
Thursday. eighteen days from San Francisco, en- route for
Yokohama, and sailed again the same day. By her we have
san Francisco papers to the 25th. They, however, contain no
news Of importance. Sugar j. quoted firm AZ lie. for refined,
and lie for best coffee Hawaiian rice, 7bsc. KOna coE
Be, 1se.
Gold hactuated in New York from 1I2GIII.
The EberharIt mine at White Pine has been sold to English
capitalists 6r 81 100000.
The bark d. c. Murray arrived At San Francisco on the
2O,h June, eighteen days passage. a letter received by the
agents states thu, she wousI teayc again on the 2I July. She
win be due to-morrow or next day.
The steamer AGr viii be suc on the goth, and the City of
Msl5OHTHe on the 22L.
The schooner AHHfs saIei On Tuesday with a small cargo
Of supplies for Micronesia Ant the Margaret crockard for
Melbourne on Thursday, with a fun cargo Of island produce.
These se the only movements in shipping we hare To note the
past week |
Business is quite dull as usual during the summer months,
AMI most Of IL i done through the auction rooms, on long
credit and short prices
The legislature viii close IT'S session carly next week, and
The passage % the Appropriation Bin will serve TO release
moneys in the pubic treasury for public improvements and
other ohjects-
We issued last week the New Zealand tariff, AMI insert be-
low thar Of sydney The duty OF E1O per heal on Chinese
immigrants viii not be overIooked-a novelty in the way of
tariff regulations.