The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1880-09-04

FRIDAY. SEPTEMBER ;. 1850


- ,hs week mast. trade has not been brisk in any
Of ne u.uv lines Of business which occupy the time and
attention Of our merchants, but the dizziness Is warranta-
HE bv the fact that this - the usual time OF the year
durinO which business circles are most quiet Merchants
- licking forward with hOpefulness 10 \ revival OF
tr.Be ON the ADVENT Of the fall season We notice during
,he n,at week taat exchange has again become very
scarce. the rates on the departure Of the ZeAiandla Oelhs
AZ and 4 per cent, and not easily attainabie Al those NJ
urea The ZeGIAndia carried, besides the many Oruers
drawn. the sum Of $500 in silver eoin' consigned 70
wm,.ma pfuoud 4 Co.. and $1,000 in gold. Chinese
n.rrh.nts being eonsignor and e~onsignee OF the latter
um- The imports for the week have been about sS2'o"O'
and the exports foot up s1ls.oSl-es-
statement appears IN the columns Of our eontemPo-
~ hat the G. edit Of Hawaii was not regarded - very
80 ,bro.d q little loan being refused With regard TO
NH .s.tsusnts, they must be taken cum 9raHo sahs' We
30 20 inform. IN eortr1distinetion. that several Of
our most prominent merchants have offered 10 SUSTAIN
the credit OF the government TO any amount needed
Tbe rsceiots Of sugar since last writing have been 6lS
psekAges-
g. Fr.neisco adyfces Of late date quote sugar as rang
inc An prtce. for Hawaiian. from 6h to 81 cents. Rice
sboxsd . slight decline, 81 being the latest quotation Tor
Hawaiian
r-rz,xar-The rate Of Exchange for sometims back
h.s ,uIsd hish. especially in San Francisco. The Bank
rate for sight bill in San Francisco has been from ~ 10
2 per cent, which is certainly q very high rate ana
would seem like 3 heavy charge on the importer VINO
has 10 recruit for his purchases ana PLAHteTs HHO law
20 get their returns for shipments.
Tn LEAKING intD the matter we see no reason why the
g.nk shouId BE- blamed for the rate of Exchange It's
not As though there was a circulating medium III M
eountrv. that could be shipped TO meet such E1ehANgeJ
The Bank has no advantages over the importer II hasP
- 80 ,be men market to purchase of the plantersPA
or their AGENTS. their Exchange drawn against expfs'
and II the rate Is high the planters agents importer OF
whatever he may be who has the Exchange for sale gets
the benefit 81 the high rate
We see no hope for much changei in our Exchange rates
untl sach times ss our exports largely exceeds our I'D
norta- Perhaps our statistics to-day might show that opr/
exports were In excess Of our imports. and still the rAo
Of Exchange would remain high, from the fact that our
imports do not show our true indebtedness Parties
a and some do withdraw funds to invest elsewhere.
p-onaytv has been disposed Of, and the proceeds RENTED.
Large properties held here under loan by parties In for
eigu countries, the rents Of which have 10 be RENTED;
large sums for Fire and Marine Insurance have to be re-
mittsd. large sums for Immigration, such as portuguese
and for vessel purchased here for the labor trade. have
20 be paid for in Exchange. and perhaps no small item in
the shape Of interest has to be provided for. A large
proportion of the wages Of the skilled labor Is either car
ried OF or sent away. so that our exports have to reaeh
fulIy twenty-five per cent. as valued for statistieals pur-
poses over and above our imports, before we can claim
that our trade Is in any way evenly balanced
IL IL unite true however that At the present time, and
for q year or more past, imports in the shape OF Machine
~. Merchandise. Stock, &c, the cost OF which has not
been drawn from this country. The enterprise OF Mr..
Spree els alone viii loot up heAEAJ ~ mhhN Blu
half. This Is so much 10 the capital Of our country, and
40 much in our favor in the way Of exports, as 1t will
draw nothing from them
susAR MARxET.-There seems TO be diversity OF views
and ideas A 10 the proper course to pursue in seeking .
market for Sugars Some appear TO favor the idea OF
seeking n market East. that Is New York or Boston, in
order TO bring our Sugars into general notice. that one
section Of a country that aided Us 30 very much, as We
think. In giving rs q free market. should have some OF
the benefits. II there is any. and further do away with the
idea that we were really aiding . Sugar monopoly in San
Francisco.
What are the real facts in the case7 II we understand
them correctly. they are about this: We have Sugars
and wish TO dispose Of them At our port Of shipment We
need and require the money at once. let the people OF
means speculate in the profits Of transportation, or fail
ing that. we must ship on our own account, what then
me Commission Merchants OF Rehneries in New York or
Boston say, " Send your Sugars here, we will do the best
we can for you" This Is just the way matters stood
three years ago, two years ago. one year ago. each time
Col. Claus spreckeIs. President Of the California Sugar
Refinery. came forward and said, 81 will pay you 80
much for your Sugars sixty days after delivery in San
Francisco" This II not . home market, but is the next
best, or the best we could do at the time. II this arrange
ment has been profitable TO the California Sugar Refinery,
II would seem to US other Rehneries should know it, and
seek to make like Arrangements.
We know the importance however Of recognizing the Pa
efhc Coast As our market, and we belive IT to be . duty
that our Sugar interests owe to the ports OF San Francis
CO, Portland. Oregon and Washington Territory, to dis
tribute certain portions for these places. We believe
1. 10 be the wish Of the planters to do so. but it always
takes two TO make q bargain