The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1898-11-02
Upward Course Of Hawaiian Com.
mHTCial Here.
CANE AREA To Be EXTENDED
Between 5000 and 5000 Acres
of New Land Pumps Ordered.
MIR. Lowrie to Take Charge.

Whatever may be the course and
movement OF Hawaiian Commercial
| CSpreckelsyille Plantation stock in
san Francisco. there is marked activ-
| ity in the security here I'm Honolulu.
The last quotation from the Coast CSan
Francisco Stock and Bond ENchanEe)
was $3.50 on the 22nd OF October. =
week or ten days before that. when
the stock was $3.50 bid and Si3 asked
in San Francisco. a sale was made
here at Si5. This transaction was in
$50 shares and the purchaser was
man identified with one OF the large
plantations on this Island, but not the
manager OF the estate with which he Is
connected. IL Is a somewhat peculiar.
but perhaps a perfectly natural fact
stock has come to- this market II has
been brought by men who anticipated
a change and an advance from the
knowledge of likelihood OF the proper
~ or control of the corporation chang
ing hands through the operations OF
the Spreckels boys on the Stock and
Bond Exchange n San Francisco.
None of the stock bought on the Coast
by Jas. y. Castle and his associates
is on the market here. Ii is not prob
able that any OF IL will be for perhaps
years. 1t is the swinging block and
will be kept intact for more reasons
than the ordinary business causes or
situations might suggest.
\ sale OF Hawaiian Commercial was
made in Honolulu yesterday by Brok-
or Harry Armitage at $50 "A share. This
is the first local transaction in the
security representing the mammoth
Maui estate since the sale at si5. An
advance OF five points from trade u
trade is unusual. To say the least. The
stock has a decided upward tendency.
II is now known positively that w. j.
Lowrie. who has brought Eva planta-
ton mp To- its wonderful standard. Is
to TIE manager at Spreckelsville. II Is
the expectation that Mr.. LOwrie Will
in due time bring the yield OF the Ia
waiian Commercial estate mp To 10000
tons of sugar in "A season. The outlook
is now clear for 10000. which will be
the greatest on the Islands. though the
new Oahu is expected to- go over $4,000
tons in "A few campaigns. TT. T. Bald
win. one OF the most successful! plan
tation men of the Islands. l. a large
owner with !. y. Castle I'm the control
ling intercs; of Hawaiian Commercial
and is 90 be identified in some measure
with the management. Mr. Baldwin
has his headquarters ON Maui, where
he keeps eyes on a couple OF planta-
tions. The stock in these estates T.
away above par. Hawaiian CONNER
ciaI was at one time sold at S55 and
there does not seem t0 be any reason
why e., should not "a gain go 20 that
figure. and IL may go above it.
! one plain warrant for the rapid or
sudden rise I'm the value of Hawai-
liam Commercial stock lies in the fact
Ithat the cane growing area Of the es-
tate is 20 be largely Increased. The
company owns between 5000 and 5000
acres oT rich land just above the line
OF the big ditch and extending mp 20 an
elevation of 4-o feet This land has
mo. heretofore been cultivated Pumps
ihavs been ordered for the irrigation
OF this new tract and it viii be planted
80 soon as possible. There is an IN
Limited supply OF water ayi.abIe-
Altogether. the change in the out
IIooa for Hawaiian Commercial IS most
favorable ana II any amount OF the
stock gets down here there will be