Saturday press. [volume] (Honolulu, H.I.) 1880-1885, 1884-12-13
COMMERCIAL.


Slsgnaton u trade evidently Is not confined
to the Hawaiian Islands. ~ i is found here
and also prevails in the principal cities Of the
east The depression here Is attributed to the
exceeding low price Of wheat lower In fact
than II has been in hundred years Mining
interests and stocks orc also ct q very low ebb
II was stated last week that several mines Of
tho Comstock, that a short time ago paid
dividends NJ f2oo,ooo per month, could rroba
bly, be bought to-day for the same figure.
This condition Of the principal interests Of
California, together with The duIlness natural
apresidential election, effect on all
other industries Hawaiian Commercial stock
has had little attention Of late, running up
from % cts. to $500 per share. then declining
to 81. So The Evening Bulletin OF the 2oil,
utimo and yesterdays Chronicle give an
account Of the meeting Of the directors held
that day, at which II was proposed Ito issue
fI,ioo,ooo worth of frs, mortgage bonds
bearing per cent, payable within len years"
The financial statement shows expenditures,
since is incorporation. S,,47s, sos.7a and
receipts for the same period $i,dts,SSs AZ /,
difference, $i,os6.4oi So hence tho bonds.
The whaling fleet have al arrived, bringing
a total catch OF ao,I7i bbls. oil. 2os,7 100 lbs
bone and s,a2i lbs, ivory, the most Of which
was secured byvcsscls owned in this city. The
Orca came in thigh hook with 1880 bbls..
the Thashor and Balacna next with i,soo
each and the y. +. Hartman with I,,oo.
The Helen Mar and the Dawn came In "clcan.''
Notwithstanding thelc,hcrgie state Of trade q,
tho islands the exports hence for the past
month have been Sa47,4si andbave been con.
veyed to you In ten vessels. Since the sailing
Of the Australia the clcaranccs have been the
Discovery for Honolulu, with assorted cargo
valued a, SiJ,aSo, and the Claus Sprcckcls,
with cargo valued at $Ii,o36, both Of which
sailed on the ,7,h ultimo The arrivals for
the week from the islands have been the w.
II. Dimond on the 26ih. IS days from Homo
lulu, the Ida Schnauer on the 28th AZ day,
from kahplui.
} Market reports evince little change in quota
tons, though spot buyers meet with favorable
concessions In the hope ofinducing liberal sales
A New York Telegram TO San Francisco
commercial paper says "Svcr, which had
temporarily recovered ITSELF Is again in tn,
shade, being below sod. It will probabl,
improve in price with other commodities
though as long as il is ostracircd By England
and Germany, and given the cold shoulder IL
United States governmental and Eastern 6nap
eial circles, il will still have downward ten
dcncy This bodies no good to aught save tn,
possessors Of the mucb.coveted yellow metal
The director Of the mint gives the golc
product Of The fiscal year at $50, ZOO, 900
and the silver product at S4S, aoo, 600, making
grand total Of SIS, 600 There is her,
quite discrepancy between the product o
gold and that Of silver, which II long con
tinud would makegold the scareer by all odd.
About the local currency condition the Sar
Francisco Commercial Herald says
The decline in silver during the pas, few
weeks has been felt here in silver bullion ane
Mexican dollars in the shape of an increased
discount on both. On silver bullion il Is I6 ID
" on the standard price Of ST. 2oao for o7t
hne. Mexican dollars are down to 87Hc, a
which sales were made, while Size is the fig
ure at which they were offered. The Chin;
, steamer took out Saga, 39a.5o. She also tool
out $I47,723.Ao in fine silver. Imports o
treasure have been light--$I, oS3 by the Mex
Z leo. from Mexico on the goth $I,s74.6o b,
, the Manposa, from Honolulu, on the 22nd
. and IL, 100 by the City Of Toxic, from Yoke
kama, on the 24th.
The N. Y. Commercial Bulletin ofthc 2sthul
timo says; "Thcrc is but faint probabilityof tn
ification OF the Spanish Commercial Treat,
just negotiated at Madrid. The indication
are that the same influences that Heretofore
have resisted the Mexican Reciprocity Treat,
and the treaty with Sandwich Islands, will b,
found in opposition to it, together with SOM
others, which the Washington dispatches hav
{ limited at and included in an allegation that tn
proposed reduction Of sugar duties will Gu
/: down the revenue some twenty million dollars
The Bulletin representative yesterday conferre'
with several sugar refners, grain, pork AM
provision merchants interested in the Spanish
A American treaty. Havemcyer & Co. think tina
lin less than twelve months all sugars will b.
, admitted free into this country, but remcmbc
' the treaty is not ratified yet. The Mexica,
/ treaty was not ratified and perhaps this on
r will receive more opposition than we are nov
aware Of, Ira Bursley, one Of the heavies
sugar importers from the Philippine Islands
said; In my judgment the proposed treat
. will ruin the East India sugar trade. Our ship
. going from here with petroleum to Japan
China and Java, look to the Philippine suga
!. freight for homeward voyages. 1t is safe t
say II the Spanish treaty goes into effect, all tn
sugars from Porto Rico, Cuba and the Philli
, pine Islands will be imported here wi,hou
, duty. The treaty will, therefore, cut Of al
, sugar imporations from these markets an,
take away from American shipping the carry
inc trad. of about one hundred thonsand ton