The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1870-02-02
COMMERCIAL.
HONOLCLU. FEB. 2. SO.

wssre in the midst of the sugar season, although
the crop does MT come forward 50 rapidly as We
could wish, owing. perhaps, 70 adverse winds bad
weather. Ae At the same time, the price of sugars
/. -sneuhat depressed in California, owing to a
somfettion N the refining business. The San Fran
cisco Refners stand between the East, tEastern
s,ases and China Japan. Manila, and the Hawaiian
Islands when they advance the prices Of Crushed,
they merely enable the New York and Boston Re
aner. to offer shipments al low rates Of freight; and
the same NAY be said in respect to sugar from
the above named countries. To lower them, with
the view u controlling the trade and for speculative
puruosss is an idea more Of the past than Of the
present and we have little doubt that, with the ex
rsrienee the people Of san Francisco have gathered
within the past sx months, the days Of speculation
in sugars are fast disappearing and that they will in
future. be guided merely by legitimate trade. The
Hawaiian sugars must necessarily seek market on
the Pacise Coast and although crop can not be
understood to- any way, control the sugar market
in The Pacific vet our sugar goes direct to the con
,sUmsr, and must be guided by the prices Of other
sugar. Our supply. although not large, is regular
throurhout the year, and must continue So We do
not see hos the following remarks, from the San
Francisco Prices Current, Of Jan. 7th, should be
pointed expressly at us:
We know Of no sales Of raxs affecting values for
a fr-tnirhf past The reduction made in the price Of
yellow Cohees Is noteworthy, and must operate very
trriudeiav 20 the Hawaiian interests so far as their
hirh arades concerned. We have Just received
from New York, By the Dexter an invoice Of 1000
htI- Crushed This decline in price will operate
periodically 70 it. disposal at living profit The
average price of Crushed and Powdered, IN bbls, is
lee. iirauulated, l5e Golden c., HE; Extra C.,
Il. Wequoie Hawaiian, 50 ll5c.
Respecting markets. we have no important trans
actions OF changes record. other than large reduc-
tiou IN the price Of Refined Sugars. This we have
been looking forward 10 for some weeks past, as the
inevitable result Of increased capacity Tor rehnng'
upsn this Coast and a determined effort upon the
par. II California stockholders TO control the sugar
market q the Pacific
The ship Charger arrived on the 2sth from San
Francisco. bringing a small mail. She sailed for
China On the 3oth.
The clipper ship James Cheston arrived the SOth.
81 days from Hong Kong. She came for the purpose
Of taking the guano landed from the Lorenzo, but
finding the latter vessel up and most of the cargo
board It is likely that she will proceed to San Fran
cisco. a. she declines guano charter.
The Ethan Allen is nearly full, and will sail during
the week.
The brig ByIantium sailed last week for Victoria,
V. l.. with a full cargo of Island produce.
We notice the sehr Annie has been fitted out for
hang crusea bout the Islands under charge of Capt
Roys. This is merely, understand, for the pur
pose q proving that Roys' guns what is wanted
q insure whaling voyage osuecess; and by what
NE learn. from those able to judge, are of the
opinion that they will prove all that is asked Of them,
aud hope to see the worthy protector benefited
thereby.
The Hawaiian bark W Wood sailed Saturday
last for Japan and China, with japanese passengers
aud about I5o tons Of freight.
The Idaho arrived last evening, bringing fair
cargo aud a number Of passengers.