The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1871-10-18
COMMERCIAL.
HONOLULU, OCT. I'm. ISL.

The Ceylon, from Boston, with general cargo con
signed TO c. Brewer a Co., and the D. G. Murray,
from San Francisco, with assorted merchandise, have
arrived since our last. The regular packet Queen
Emma sailed to-day for San Francisco with domestic
produce. The British bark Excelsior leaves .o-day
for s,orbuck Island, to load guano for Europe,
good deal Of merchandise has been offered at
auction Of late and quite quantity sold, both for
cash and on credit. At some Of The sales. however,
sample lots only were disposed Of The feeling IN the
auction rooms may be reported as Improved -
which is attributable to tho approaching season %
and few outside" and country buyers having
been present The stock Of all merchandise is how
ever, ample, and note that three vessels from
Europe are reported to Sc about sailing or as having
sailed early in September viz the Ncoya, from
London, consigned to J. 7. Waterhouse. the Cars
tang, from Negcastle-upon Tyne, consigned to W. J.
Green, and a vessel from Bremen consigned, we IN
dcrstaud, to E. P. Adams-nll having considerable
quantities Of merchandise on board.
Sugar, in San Francisco. is in good demand at fair
prices. The Commercial Herald, Of the 29th uIt
says The market for Hawaiian and other raws is
but poorly supplied, stocks outside the Refneries
being unusually light for the season. We quote
grocery grades from s4@ll3 c., with sales Of 500
kegs Hawaiian. The demand is active for low and
high grades the medium grades are more plentiful
and less called for"
Wool, Hides, Tallow, and Goatskins are all high
and in demand, that large proportion Of our
home productions are. realizing well, which should
have a salutary effect on our trade.
Notwithstanding the enhanced valne Of our pro
ducts, Exchange is not easy TO procure, and u q
cent premium is asked for drafts at sight on San
Francisco probably because the quantity Of i'm
1nediatey available exports is small. In view, how
ever Of the early arrival Of our whaling feet-smal
though ii be-Exehange can not long be scacre.
Complaints are made that American gold is being
shipped to China, leaving US short. As long, how
ever as we have plenty Of silver left for currency
even If Of somewhat deprecated intrinsic value,
pared to gold coin, the deficiency Of gold viii be
rather an Inconvenience than a damage and it seems
inevitable that in country where intIinsieay diff
ferent coins pass at the rate, the tendency will
be to lose the more valuable ones. Many countries,
however, are content with somewhat deprecated
metallic currency which then remains in the country
In this connection, soveregns are considered to be
valued. for currency purposes, too low. They are
well worth $780, or even Sis5, currency, at which
rate We snouia see more ol LAeM Au'u' hv" 'ua' VIC
have steamer traffic with the Australian Colonies.
We have seen passengers put their maney back in
their pockets on being told what theg soyeregns were
current at.
Interest on money in London has fallen to 2 per
cent per annum, aud less, with increasing stocks Of
the article and no outlet for it.
The steamer City Of Adelaide is overdue from sgd
ney; the steamer Nebraska will be due this week
from Sydney and Auckland; the steamer Wouga
Wonga will he due to-day or tomorrow from san
Francisco and the steamer Moses Taylor will be due
frem the same port on Friday-so that may have
a lively steamer week such had last month.