The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1878-07-20
Available for 81, 2O7,
Stock in warehouses June 80. 1873 ....... 1S,2SS,

Consumption first six months of 1873. 80, 919 $50
n our semi-annuaI report of the Sugar Market OF tins
5ye figures. First. the small stock held here at the be
ming OF the year second; the large ILnportauoils sI IN
ird, the large stock on hand at this date fourth, a con-
mption Of about 100000 ibs-the largest Of any six
4 will be seen that the Hawaiian Islands have supplied
q unusually large quantity of 19.s76,42l lbs during the
months, being only about one and q half millions OF
uuds less than the entire supply Of 1877. If the last
months Of the year should give an equal supply II
iuId show a large increase in the product. But the last
II Of the year has given us a much diminished supply.
. nths, and 1922 the last six months and we suppose
s year Will show q still greater comparative difference,
We have received this year 10 June 81 1880 pa'ka-
:. In addition 10 the I~9,s7G,421 lbs received at this port
IA the Islands, Oregon has imported l,'sS,G25lbs, max
the total supply 10 the PACING Coast Tor the SIX
.nths u ,eG4. 4GG lbs.
another point which should attract attention is. that Of
r inportations for SIX months the Islands nave sup
ed only about one-third. II We could have drawn our
tire supply from there. IL is very apparent that II
uld have added largely to the wealth Of the Islands as
II As 10 the business and prosperity OF this city. The
10000 pounds drawn from Manila and Java have given
no trade IN return worth naming. Ana II as Gomez
N it should be stated that the Rehneries here Will
ubtless-Other things being equal-prefer to draw their
tire supply from the Islands when they can furnish it.
As We iHtimated in our circular of the LIST Of January,
SIX months under review, with only slight variations.
e. prices Of the Refneries here have been uniform for
Iy change has been the addition OF two new grades
- and &C D. at the difference of one and a half and
= cent per pound respectively below Golden &. These
ides have diminished. to some extent the consumption
the best grades OF Hawaiian and low grades OF New
rk Refined.
These low prices for sugars, for such a length Of time,
tkB the value Of the Reciprocity Treaty, both 10 pro
GERS and consumers, more conspicuous, for il is very
ideut that such sugars a. the choice grades of Hawai-
J, now selling in this market at 5 TO Sic. could not be
ported from any country and sold at those prices II
bject TO the duty imposed by the United States tariff.
IN regard to prices for the remainder OF the year, there
II be an Improvement Late advices from New York
tie that 3" stocks are firmly held, supported, as impOr-
: are. by the continued adviCes IN their favor from the
Imary markets" Stocks there, at the close OF June.
show a falling of Of 33,Tl1 tons a compared with the
me time last year" and that - Retners show a willing
- 10 bid full present prices for cargOes to arrive in
ly. and even later"
The depression in business in all countries, the reduc-
n Of wages, the large number %: labOrers ont OF work.
p severe and ruinOus competition among Retiners in
W York, the failure Of several, and the weakening OF
hers. are among the causes Of the low range Of prices
= present year. The agitation, for the entire year, re-
tive 10 the action of Congress ON currency. the fears eX-
tel with reference to the resumption of specie pay
ents, and the diminutiOn of the currency circulation.
ave prevented any speculations in merchandise, and
Gated an anxiety among producers and importers to
'alize. With better times, and q revival OF trade, which
e confidently expected by another year, it may be rea-
Inably anticipated that the present low prices for sugars
Ill not continue.
In consequence Of a scarcity Of China Rice, and a small
Ipply of Hawaiian, the latter reached re but at the
ose ii is reported that a round lot, eX " City OF New
ork. 4" has been sold at exc. The price of Hawaiian. for
hat is in excess OF the demand for our white population,
i'll be governed by the price Of China.