Saturday press. [volume] (Honolulu, H.I.) 1880-1885, 1884-09-13

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To q careful observer the commercial pros.
pcc ahead OF us does not partake Of any
roseaic hue There j, nothing to indicate any
improvement upon The dull time, that have
prevailed ior ycar past, hu' rather a tighten
ing oi retrenchment lines all around I, Ger.
family behocvcs Us to act with prudence 10
meet and tide owe, thts, spells Of trade
depression The sugar crop is about all har.
vested, 50 that the export, tor The balance Of
the year will be light TIL, viii reduce
materially th, importation OF u 5, gold coin
rendered somewhat necessary 10y The recent
enacted currency law or lessen the amount
available to draw against in exchange In.
approach Of tax time will necrsshate the with
drawing Of quite an amount Of money from
circulation in VI! the districts throughout the
Islands, which will have it, effect on trade
here, additional to what the treasury will drain
from our current medium in the metropolis.
This, Of course, will find It's way back into
general circulation but To- o lrsscne1 degree
and narrower hcld.
Looking abroad to the prospects OF the
market, tot our produce there are faint indi
cation, that We have seen the lowest figures
Tot sugars. The trade circular OF Williams,
Dmond ~ Co. per Madposn 3. valuable as
showing the condition Of stocks in the several
sugar markets Of the world, the comparative
increase Of the same and increased con.
sumption. It is to be observed. however that
decline in rice has occurred, owing to local
conditions Of the market though it j, hoped
this is but temporary. We can see no good
reason why Hawaiian rice that grades superior
to China or Patna, should not command a
higher figure instead Of being quoted = or =.
a cent per pound lower
The attention Of shipping houses has been
occupied for the week in the somewhat free
foreign arrivals, embracing assorted merchan.
disc from San Francisco, lumber from the
coast and coal from Newcastle. In departures
there have been some delays, though the W.
II. Dimond and the Eva both got OFF for san
Francisco with partial cargoes valued at S2S,
4So IS and Sss, 800 respectively. The Ceylon,
for Hongkong, will not get OFF till the middle of
next week.
The Waialua packet Ehukai wen, ashore
last Monday night on Kaena Point, and ha,
become total loss. She was valued a, about
50, 900, and was insured for 5000
On Monday next, the 18th instant, the
Mariposa will depart for San Francisco at
noon, with fair freight. She has quite a
number of passengers booked already.
The projected consolidation Of the Bulletin
and Press printing Offices is off, as pei notice
elsewhere in this issue.
Williams, Dmond x Co.'S trade circular OF
the first instant, per Mariposa.
SuGAR-We quote sales in New York on
the 2Sth ultimo Of S25 hhds cuba centrifugalS,
96% test, at 81, showing an advance OF =
cent over our last report AdviCeS Of the 25th
ultmo from the same port state that there is
only limited demand, but the improved tone
of the markets in Europe gives holders more
confidence. Local consumers were supplying
| their wants only as they arose and showed no
disposition TO provide for the future.
| Changes of the year compared with the pre-.
vious year are Stocks, $1,000 tons more
receipts, $4,000 tons more: distribution,
ia, 900 tons more prices 1910 cent lower.
| w lllCt " llaUlllu, OF new OIki report as
| follows IAN improvement is certainly going
on in The statistical position of sugar, in which
prices should participate sooner or later
Looking ahead to supplies for the United
States for the next twelve months, the reports
now in hand from producing countries give q
possibility, at least of heavy decrease in cane
sugar. The possibilities point to 5000 to
100, 900 tons less from Cuba $4,000, TO 5o,ooc
tons less from Brazil, $4,000 to 10000 tons
less from PHILIPPINES, $4,000 tons less from
British West Indies, 10000 tons less from
French~WeSt Indies, directed to France by
their new tariff. At present these are only
possible deficiencies which, il realized, woulC
require, by our increasing consumption, 10 bC
me. by largely increased imporations OF bee
root sugar, making thus a new outlet for the
surplus crop OF Germany during the mex
twelve months, but not necessarily improving
prices to any great extent
London exchanges Of August 18th, repor
landings in U. X. have been about same as de
liverieS. Stocks are 10000 tons more, ant
the quantity aoat is about 20, 600 tons less thar
last year.
RICE Since our last circular the price o
rice has fallen to 5 &c 90 days. The cause i
chiefly attributed to recent arrivals and for
ced sales by one or two houses.
Two OF the larger holders have stored al
their rice and are holding it FOR a better pric,
this month. They will undoubtedly realiz'
SIC, il the reported shortage in S. |. rice crol
is correct. Eastern market will not pay allow
444c {. o. b. Territory SC f. b.
FLOUR q. G.. FIX. Family $40 Ell DO
RADIO S.. 50.
Bran:-SI6 per ton T. o. b.
GRID BARLEY:-SIS per ton {, o, b
BARLEY;-No. feed, S5c @S7Kc.
OArs:-Fair 81. 20, medium SI.55, choic
$I.7S.
HAY:-Wheat and oats, comp, $40 +. o. b.
wild oat comp $I6k {. o. b., large bis will
oat, SI4ts a $40 t. o. b.
LiaE:-$I. so.
ExcHANGE-Lon 90 days sight 4o34
n. y, sight SC.