The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1871-12-30
NJ
rptotY DECEMBER %. 1871.

FRIDAY, DECEMBER %, ISL
puRrSG the past week our business circles have been rather
more animated than usual, the arrival Of the Moses Taylor
Nth ss.sI, for the season. and the annual evening sales al the
auction roon-, have given some little appearance Of life 10 our
streets
From our Grrfgn files we see that the local discussion in re-
iauou u our currency, has called out an article in the Spoon
msreiaI Herald that presents the subject in a sensible man.
ner. Our space will not permit Of our copying the article In
luH. .Ba the closing paragraph Of the G0zefts editorial Of this
week on our currency" which we quote, will give our RAY
ers a fair idea Of the general tone Of the HsrGtfs articie:I
at would seem, therefore, not good policy FOR ns, having q Q
coinage u car own, TO place any discrimination between the
preci.us metals, with the belief that il viii he OF general Dene-
III 10 the business % The country"
The line Of argument used by our contemporary last week
10 make clear the reasons for the scarcity Of gold in our midst,
was plausible but not fully carried Olt- To sum up the matter
briefly. the editorial in question says that when "haiers eS-
change vas sold at q discount We were enabLd TO import gold
10 buy il With, bat as that exchange has ceased we cannot
bring gold into the Country al a profit Therefore it will cease
u come at all Silver being obtainabIe in San Francisco at a
discount, il would naturally be our circulating medium But
silver is heavy and bulky, and must be represented BY some
thing more portable. Therefore we must have a paper cur
rency, though the Gazette does not say 50 in terms We
commend this view of the case 10 our friend The cenTeTeiGt
Herald. by means Of which he viii be able to see that, though
a. ne says, We have no gold or silver mines, still We have q
paper mill
The deteutfou Of the Moses Taylor by the non-auival Of
the English mails overland, eaased some little disarrangement
IN The calculations Of our retailers, hut the inc nvenienee was
but slight, and was more than cOunierbalanced by the bringing
Gf important news Of n ate DATE. Inc HetsuL Dlo4shL mere
by the Nebraska fF shipment per Moses Taylor, more than
equaned the carrying capacity Of the latter boat, and this
shows az we have said before, that Dir. Webb cannot put more
boats On too soon
Our San Francisco market reports are up TO the 12th De-
cember, AMI we quote as fOIlOws=-
srGAR-Imports Of Hawaiian from January 1st to Novem-
Der Both, packages, S,Is5i pounds, 2,T4O.s65. Imports in
eIude I.453 packages per EOsss Taylor, and for which 4
steady demand exists. Refining grades. 6IGTc; grocery,
S9I2c as extremes There is no other stock Of raws in FIRST
hands, thOusDshe refners have enough to last them through
the wear, after which some change in the programme viii take
place, and The refining business be more open to competition
MoLAssEs-The stock Of STAND mOasses Is light, and de-
mand moderate. In the absehce Of sales, prices are nominal.
HrDEs-The demand is good, and prices steady at 1IDlsc
for Dry Sailed, e39Ic-
TALLOw-The market is rather slack under the influence of
free imports from Australia. Sales are reported at IsO2Oc.
-PULU-Imports from January LIST to November 3oth, bales,
1887. Recent sales Of Hawaiian at lie.
RICE-ImpOrts Of Hawaiian from January LIST TO November
5OIh-packages, 1901 pounds, 955,323. The stock on hand
IS estimated as insufficient for even sixty days consumption.
In consequence Of this exhibit holders are firm with small
sales Al 9DIOc-
CoFFEE-Imports Of Hawaiian from January LIST to Novem-
cured by Two leading importers who are firm in exacting ex-
treme rates. As we predicted, Kona would sell well, and our
growers have Inducements to cultivate more largely than here
Ioore. Prices are nominal.
woOL-O~Ing TO light imports from Australia per steamer,
(4 bales k al holders are more firm in their pretensions. The
sales Of the week aggregate 215,oOO pounds at 22026c for Fall
clip. BURY and inferior neglected at $4,000.
CThe arrival OF the Moses TGyEors cargo will probably de-
press the market somewhat, although holders Of good grade
woods need not fear a decline TO the low prices Of the early part
Of the ~year-ED
OILs-The market is slack for most descriptions. Coast
whale commands soc cash, or SIC usual credit. Polar COM
mands sec with light sales.