The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1870-04-02
NJ
sATURDAr. APRIL 2. 1870.

JUN " AL
SATURDAY,. APRIL ?. 1870.
The nost important commercial news received bJ the mails
ths werk Is the cDutinsed decline Of g0Ii in New HOrk,it hav-
ing touches 10 ou the sh, and afterwards rose 4 little, being
at Latest date. liz % liz The Alta Of the Duh referring TO the
decline has the SLOWING comments
The recent movement Of 4. 7. ste~au in New York IN re-
ducng hi prices ia approach To ihe speSe Iessi PRODUCED great
excitement, and thu obict WIS yanI0usly eanyassed. The re-
M ~ mals r. ytfy I.gEr im.taT-r. n geiis as wenas i1bBers
s-+rso s.s.aftcfSr--- 5ni a TzIuetiyn Of price following
III ne n goLI was Eise. Thus, suppose a coth was worth
81 20 per yard last anrImH when gold was 81 40, il was equal
10 81 EId per yard Nov gold being q IL a reluctioE OF the
chth 70 he same price, Or taking OF q cents per yard, gives
TINE BY The 6relCck- Ifthe price q gold goes mp again, the
.aes viii have enabled the PafehaSs o. eSehtngs fI remittance
81 81 IN Ssptsmbers the proceeds would then have bought
larnish 1000 Of eteIange- The currency price for sterling
taowins ts pre- Of Eoa has s,sa from 81 - 70 81 rs
CuErelcy, the difference in currency price % Tie gods Is nom
- the amount af dsbts oalstaniing Is very small compare
lively, business may easily accommodate itself to the changed
The co1,ne,eial Herahl q the same date has thu foIosing
Rating % TIE naney market:
There j. - great a GUT Of gold IA Europe that any reasona-
by secure ingrstmenL At rates from : I~r cent upward il
taken with extraordinary ayidity. The Paris price for money
MARKET 10 L5=iaa- moa~y : worrh only q n per cent,
,nd other European markets show eorresPondiuziy low rates.
Its MT stranEs that European capitalist, should, EnIrr such
Circumstances. direct their attention 10 The nature Of the secu-
nti. presented by "A American Investments The fact that our
hoods have gone ap 10 Iar in Europe, demonstrates the fresh
mas ext-uisd isdf % securities other than national
The discovery 0fu4e nex gLi mines near san Diego, should
they prove o. Dc extensive, wI draw a large number of the
Heating population IS abe cities 70 that ssctfon- Good authority
slys that thu quartz ~ig-s eNend az Ieast fifteen miles, and
there - room for thousands 10 w0Ek. The climate Is much
miller than tse more noEthsnn Hins-, aud there Will be less
suE-rng among th@ poorer etl-ses vino may be attracted
thfther ia szrch Of what all covet-
We observe that a memorial D. the State Legislature has
been circulated in San Francisco, praying that body to pass
r-sotlr1us urging Cougnss u provide a subsidy Tor a new line
IS zt~amers between that port and Sydney The memorial
was signed BY nearly all thu bading merchants, and doubtless
the legislature wu take action On tn subject s. fT "A vi
can barn, nothing now remains but thu action d Congress TO
insure the immediate commencement u this steam enterprise.
whether the steamers will make nonalulu or Tahiti their
eoalug station depends on tn action q the Hawaiian and
French Government, both of which are interested IN inducing
them u visit their own pot.
The He adsie-s from san Fnaeseo shsv no material
chang 10 the valuation q cur produce in that market. All {
Kinds q domestic and bragu goods hang heavily, and trade T.
o. 18Th, ar 90I1e Gr bet grads rice, T1se coffee, ITei
sc, &C, but tI-se quotations. are merely Homiual-
The bark Et4aa 8HsH buuss a small assorted cargo To
Ass-u- Walker * AHA She WIS % B. followed BY the bark
LSgaI TeHdsr.. o. aH about March 10Th, and due in an next
week. The latter vessel IS seeking salt Tor the Goldfish trade.
The ship SgTsH, announced in cor last from Boston, brings
an assorted cargo o. Me-.rs &. Brewer &c Co. She viii load
oil ant suadrie. Or view B~ihrd AMI B9-ton. As the duty on
moIazses and sugar viii probably be ArgeIy reduced by the
time -be arrives home, We should think Il would ray our q
planters 10 ship these articles freely by her. a. the Eastern ..
prices are qgoteI well up Every ton sent East, will tend to -
improve our California market, and furnish exchange, now Ii
difficult % obtain. n
The American ship JSgais Easfa1gH, arrived yesterday, IS l.
lr1m Japan, with 100 tons Of coal Her destination is :,
A. vet uncertain u
sch1oner Maybe Johnston sailed for San Francisco on L
with a cargo Of salt and sugar, and will be followed Fl
by the bark Comet, in all neat week, and the Ethan Allen :
in the mouth- - y"
COMMERCIAL ITEMS. 81
NEv YoEKa February 8th-The HeTaM's money article d.
the Coll Room IS becoming very bearish and freely talks :,
5oTrr prizes AMI short interest. on Witch 10 base an upwaTd =
movement, Is bt for thu future 10 determine. u
RI. In. - E,r-a, T.r.~.rI fo,,~.-- -. -.
the wires from London direct to India The line is -
.oRE9sss a. OF l and T EiSss and iS GaGlss' an, and T PSn via e BERN = wST- "
Ian Ocean, 10 Bombay, Madras and Calcutta Messages will -
< February Hy% 70 st Stations ion.V wes n Of s ch &nassa : Ten 8MaT n 80 5? @5 u
n s2i rev .TeR, GJ s'I si5i 81 - Ssr To salons east o. Ghi.ta- q
twenty words TO b. charged at half twenty-wori rates Chit u"
asong hes in about ninety-tEo degrees Of east longitude. III
wAsHISsroN, February 2sIh.-The Select Committee on e
he Ameriean navigation interest have agreed to report a bill =
er ton on wooden sailing vessels $40 per ton on composite :.
aHing vessels with iron frames and wooden pIanking siOper st
On on wooden steamers sl2 per ton on composite steamers -
I'D on iron sailing vessels, and SO per ton n iron steamers "
re TO be allowed The second section allows ship stores and u
ions on allows Low ana annual Tni subGd TO AZ = any Vessels engaged in ILL.,
he carrying trade Tor -s. SIX months in a year between
COMMITTEES also report a bill substituting for all tonnage duties III
% cents per ton, and abolishiug all haTbor dues, pilot1ge fees n,
mi other taxes imposed by State or municipal laws. +
a NEw STYLE OF sEuooLLSG.zA new dodge of the SNUG ~
proved to he The steamers from Havana bring on nearly "
very voyage a quantity Of cedar PLanks which are cut up for US
en- feet long AMI were tied in bundles that have a very innocent sl
he Collector Of Customs, the officers followed a dray load of VI
less bundles 20 a trunk store they had been consigned TO-: On tn
ruubl, but the next one would not come until assisted with a de
undle was a receptacle for ar-t-cIlss cigars, which were III
n ,Ia ~ buhilS after bundle was stored IN this way,
~ ar thousand dollars w0rih Of cigars we're seized
Hts gam has been played for some time, and probably a MIL be
z any duty. The dodge was an ingenious one and viii &c
sobably lead to a etse iGsPertiOn hereafter Of all bundles Of II
tanks, OF anything else that could contain cigars What a
e @Pd lsshaus : htf TSe '1 hra PS Sr IN q the lso way 3. %sn to make make I'M
- certainly not without weighL-BHHefiH- tr(