The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1897-09-28
SHARES ADVANCE
General Activity in Lo-
cal Stock Market.
Large Sums of Money Made.
Oahu Sugar Stock
FaVOrite.

1t takes money or a mighty
good credit TO make money and
the people in Honolulu with a.
plethora of either have been lay
ing by little stacks of money for
the proverbial rainy day, during
the past few weeks. And the
money has been made in stock
speculations; some people are an
charitable enough to call it gam
bling, but however that may be
the money has been made and is
being made every day.
The boom appeared with the
coming of the Oahu Sugar Com
pany. The consumation OF that
gigantic scheme at time when
the conditions of the country were
about to change seemed to give
an impetus to stock dealing and
enough transfers of shares have
been made within the past two
months to warrant the opening up
of "a stock exchange. Men who
never bought stock before have
been rushing wildly into the faci-
mating game of chance. The fay
orite buy is Oahu, probably be
cause it requires less money than
some of the older stock. When
SO a share had been paid in on
this and about the time the sec
ond assessment was made, con
siderable of the stock was sold by
the first holders at q loss of one
and sometimes two dollars Il
share. But it is a well known
fact that this stock sold a few
days later at a premium above
what had been paid in. Small lots
of the paid up stock have since
sold at $110, but on Saturday 334
shares, the last to be put ON the
market, sold at par Shares in the
same company on which $50 has
been paid, sold readily on Satur-
day at $50 with plenty of takers
as the market shows an upward
tendency.
Eva stock which is considered
double gilt edge commands a
price of $3.50 a share but there are
no sales at that price. The last lot
was an odd one of 80 shares made
a few weeks ago at 1925. Holders
consider the stock among the most
valuable on the market and are
holding it as an investment rather
than for speculative purposes.
The last sale of MakaWeli was
at SOL, a rise of 81 in six weeks.
Makaweli has never been consid-
cred foot ball stock and the
price has remained almost sta
tiOnary for some time. Nor has
there been a rushing demand for
Kahuku Two weeks ago a few
shares sold at 500 now it is re
ported at $3.50. Honomu Plan
tatiOn sold three months ago at
$3.50. Sales have been made
within a week at 1925. Hawaiian
Electric Company, par 800, sold
yesterday at $3.50. This increase
has been steady and is warranted
by the excellent showing of the
company and the prospect of a
dividend next month.
Inter-Island S. n. Co, a stock
generally held by investors sold
last at S160, and there is nothing
to indicate that it will not keep
going up.
Peoples Ice and Refrigerator
Stock has had a jump of SO a
share selling the other day at
S1O2.5O.
1t is safe to say that only those
people who per force of circum
stances are obliged to sell their
stock will put it on the market at
this time; people who buy are
bound to make money. Every
condition warrants a continued
advance in the price and there is
scarcely a share of stock to be sold
in the local market that is not
worth every dollar asked for it.
nc