The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1898-08-16
Crop Prospects Drive Sugar Sc
ClTitiGS Upward.
OPENS up BRISKLY
Figures of Transfers - Dividends.
Other StoCks-DOubling-OOkala.
HOnOIuIu-Waime ca.

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 Sen
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 polit-
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 & Land Company, which has ad-
vanced from $50 to SIS.
Hawaiian Electric is strong at $500
Peepeekeo is firm at $215.
Mutual Telephone, par $40, is still
$14
Peoples Ice. none on the market.
The last sale was at $115.
A large block of Kahuku was sold
yesterday for $12O.
Quite quantity of Oahu assessable
readily commanded $1O1 yesterday, $75
being paid up. When the market
closed $105 was being asked for this
stock
Hart & Co., Ltd, par SO, was sold
in small block at $1,000.
Kipahulu, paying a dividend of D per
cent on Saturday last, sold for $1I0
yesterday, with very little on the mar
ket.
Eva within the last ten days has
sold at from $3.50 to $275. There IS
not much movement in this stock, as
the holders do not care to part with it.
There is a demand for HOnOmu, but
only a little can be had. The ruling
figure is $500.
For Pioneer Mill, $310 is offered, with
no sellers.
No sales of Makaweli reported, but
the price is given as $167.50.
A dividend of 10 per cent was paid
the stock was selling for 1915. The
prospect of the doubling of the cap
italizatiOn has run HOnOkaa up to
where $4OO is asked.
In all the above quotations where
not otherwise specified, the par is
$100.
The reorganization or recapitaliza-
tion of OokaIa has been practically
carried to successful conclusion by
Harry Armitage. Everything will be
closed up finally on the return from
the States of Jas F. Morgan who viii
arrive home again next week. The
change in OOkala is increase of cap
itaI from 5000, 600 to 100000
There has been considerable inquiry
concerning the new. Honolulu planta-
ton. This is also called HalaWa. Jas.
A Low, an experienced sugar and cOf-
fee plantation man, is to be manage
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 a considerable natural
supply of water, as we'll as that to come
from artesian sources. The soil is the
same dS IudL Oh Iu6 Eva anu OSiAu
plantations. In fact the new planta-
TONS fields will abut those Of Oahu.
Mr. Low has shown himself so far m
active and energetic man, having in
remarkably short time carried out the
organization of the new company.
McCandIess Bros. have finished twen-
ty artesian wells on Oahu plantation
and started yesterday on the twenty
first.
H W. Schmidt and Sons and Castle
| & Cooke have repurchased the stock of
the Waimea plantation on Kauai and
! will hereafter operate it as an exclus-
lively local enterprise. Heretofore most
| Of the stock has been owned in Ger
many and the plantation was con-
! trOlIed by F. A SchseEer & Co. Cas-
| tie & Cooke become the new agents.
! The capital stock under the new ar
rangement viii be about S15O,OOO.
| Waimea plantation was started four
! teen years ago. Senator Schmidt was
| one of the original owners. It has al
ways been good property and the es-
| tate was always worth more than the
| capitalization, 1000. If any of the