The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1899-10-11
C.lG Of thR Biz Furry in The
Stock Yesterday.
BROKERS HAVE A BUSY DAY
Hawaiian CommoreiL VIII Crtns
Kihci Can. for Ten Seasons
The Rumorsd Consolidation.

Their. W.rc two very lively sessions
Ut the Honolulu Stock Exchange yes
terday and 10 Was all ON account of ki-
hcs. ON Monday afternoon there was
a sale of loo shares at sio.so seller =
days. but the first sale made on the
hoard yesterday morning Mas lso|
shares at si5. At prices iiuciuatin.; b.
tween 81 - aud siS - the sales of the
morning session footed uP i.ise
shares. Between boards q sal. WaS
noted of ~ shares at si1.sS. ~ the
afternoon board the frs, transaction
took place at $3.50. the stock closing
strong q, sis-sS. 49, shares bcinE sold
iu short order.
By the time the news of the rise in
the stock reached the stree; orders to
buy came pilinE in on th. brokers
thick and fast. and an" price soon
reached SIS. one wuuld-lr purchases
was upbgaiding his broker ON the
street because be- could only -; -
shares gt that figure when - Was
wanted. By > o'clock another advance
% ~ cents took place. the stock clos
ing strong az that figure. with many
brokers unable To- Ga orders. o. Was
common talk yesterday that the stock
would 80 To- par aE EuDu Hs the facts
which led to the rise yesterday bcramc
more generally known.
Briefly stated. these are: The award
ing of the agency az the plantation o.
the firm of Alexander 4 Baldwin on y
written contract for q term uf years On
the most favorable terms to the plan
tstiun. The entering into q contract
with the Hawaiian Commercial e. Su-
gar Company by which the latter
agrees to grind all an. cane raised un
the Kihei plantation for the frs ten
seasons az an agreed price of 81. pcE
ton. th. very best contract ever made
in the Islands for grinding cane. And
finally the general supposii!on. arising
from IN. known desires of IN. hesvi-s;
stockholders of Kihci plantation. that
a consolidation of the TAO plantations
is only q matter % very fcw years.
or possibly a very tcw months.
from q gentleman Who ts very hesv-
ily inJ.gcs-c-i in the kih.i plantation
and who is sufficiently clos. Co the
inside" to obtain reiiabi. information
an Advertiser reporter cleaned the fol-
lowing
About IN. agency. You rnust r.e-
member that the stpckhoidrrs have
never made any contract with thrir
| agents Under "a verbal agreement
/ only have Alexander a. Baldwin iaen
acting up to th5E time. and Dc BE-
/ thought by the diFrrturs that the fsrsr
has nnW arrived 60 reduce this tp a
written one. ann unable tB state hos
long th. contract iE tp b. made for. ss
think thar is to b. irff for thr stock
holders En decide ON at the meeting al-
/ ready called for the purpDFe. A. Ca
| terms 80 the contract Yuu would
/ hardly hay. room tp print thsm f J
could zrf them for yuu. which ! can
not. can say this. however. thar they
| az. the most favorable ever made BY
| auy plantation u5th its aEeats tu che
| Islands. o. o. very much uu the same
lines as che contract entered into BE-
tWcru the Olaa plantation and Nsssrs
/ T.. u. Davies A. Co. only more favor
/ able tu the plantation sn many re-
srsrts.
As 60 the grinding rroppsit5uus 1i
is proposed 10y the kihei directors "a
give a contract Co ID. Hawaiian Com
nrTcisl A. sugar Company by which
the latter agrees Co grind all the cans
produced on kihsi az 81 per ton Df su-
gar produced. This ts by long Odds ths
/ most reasonable contract ever made
/ here. In all the contracts hsge-ptUTs
made TIE mill has always had IN. Ions
end of it. az th. saying Epes. To q cor
tain extent % may have iu this cssc
but ther. are utfErttiuE adsautaEes. 40
yuI WtIl see. The Hawaiian Cotrm.r-
l rill people agree tp take th" kihe
| cane from the end % IA. portable trars
ffh.y do not agree tp rrt tu. transport
if to the mill az their Uun rxpcuse
/ .riud it and turn it in;p SUGAR fog 81
/ rFv ton ~ sugar produced Under thil
| ARRANGEMENT you can see that it ia q
the advantage ~ IRE mill people Q,
extract the very Lass ounce uf suEai
iu tho cane for theY EFt paid for ths
! sugar they extract fhey dun't buy ~.
/ cane. remember that DE- g. trrr. "a
ono ~ our afternoon papers remarks
that tf the Kthct output ts inlee1 ton,
it wtil cost $4,000 a year fog miIlinE