The Hawaiian gazette., 1898-08-16
Crop Prospects Drive Sugar Sc
curities Upward.
TRADING OPENS UP BRISKLy
Figures Of Trans 'ers - Dividends.
Other Observation-Disclosures
observation-disclosures

Trade in sugar securities yesterday
was brisk, but without any more
features or heavier transfers than on
the corresponding day of last week.
The final, official consummation Of an
nexation does not appear to have great
ly affected the trading or figures. The
change within the past month has not
been very great. Ever since the pass
age of the Joint Resolution by the sch
ate there has been an upward tendency,
but this has been due more perhaps 10
crop prospects than to the assurance
that Annexation had arrived, the p0lit-
ical fact having been accepted some
time before.
The one outside stock that is at
tracing more attention than others
these days is that OF the Oahu Rail-
way q Land Company, which has adj
vanced from sG5 to SIS.
Hawaiian Electric is strong at 500
Peepeekeo is firm at s215.
Mutual Telephone, par so, is still
Sli.
Peoples Ice. none on the market.
The last sale was at $ll5.
A large block of kanuku was sold
yesterday for Sl20.
Quite a quantity of Oahu assessab!e
readily commanded SOL yesterday. $75
being paid up. When the market
closed sos was being asked for this
stock.
Hart & Co., Ltd, par SO, was sold
in a small block at $1,000.
Kipahulu, paying a dividend of > per
cent on Saturday last, sold for $1l0
yesterday, with very little on the mar
ket.
Eva within the last ten days has
sold at from $3.50 to S275. There IS
not much movement in this stock, as
the holders do not care to part with 1t.
There is a demand for Honomu, but
only little can be had. The ruling
figure Is $500.
For Pioneer Mill, 1910 is offered, with
no sellers.
No sales of MAXWELL reported, but
the price is given as $l61.5O.
A dividend of 10 per cent was paid
by Honokaa yesterday. Before that
the stock was selling for 1915. The
prospect OF the doubling of the cap
italization has run Honokaa up to
where $500 is asked.
In all the above quotations where
not otherwise specified, the par is
500.
The reorganization or recapitaliZa-
ton OF Ookala has been practically
carried to a successful conclusion by
Harry Armitage. Everything will be
closed up finally on the return from
the States of Jas. f.. Morgan, who will
arrive home again next week. The
change in Ookala Is increase OF cap
iLal from 100000 to 100000
There has been considerable inqu ry
concerning the new Honolulu planta-
ton. This Is also called Halawa. Jas
\. Low, an experienced sugar and cof-
fee plantation man, is to be manager
He is already on the ground, has put
up few buildings and will proceed at
once with the development Of the prop
erty lately acquired by himself and as
sociates. The location Is an admirable
one, with the railroad handy and the
assurance of considerable natural
supply of water, as well as that to come
from artesian sources. The soil Is the
same as that of the Eva and Oahu
plantations. In fact the new planta-
toms fields will abut those OF Oahu.
Mr.. Low has shown himself so far IN
active and energetic man, having In a
remarkably short time carried out the
organization of the new company.
McCandless Bros. have finished TWEEN
~ artesian wells on Oahu plantation
and started yesterday on the twenty
first.
Ii. w. Schmidt and Sons and Castle
d Cooke have repurchased the stock of
the Waimea plantation on Kauai and
VIII hereafter operate II as an eXclus-
lively local enterprise. Heretofore most
of the stock has been owned in Ger
many and the plantation was con-
trolled by L. A. Schaerar & Co Cas-
tie & Cooke become the new agents.
The capital stock under the new ar
rangement will be about $3.50. 900.
Waimea plantation was started four
teen years ago. Senator Schmidt was
one of the original owners. 1t has al
ways been good property and the es-
tate was always worth more than the
capitalization, $4,000. II any of the
new stock should bR offered for sale
1t will be disposed Of on the local mar
ket