The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1900-04-28
SUGAR JAM
Real Estate Has Had an
Upward Turn.
Dealers Attribute Buoyancy to Pas
sage Of Territorial Bill and
Predict Good Future.

\ The real estate market had a small
sized boom this week. occasioned. so the
dealers state, by the news Of the final
agreement upon the Hawaiian bill by
the Conference Committee. Prices did
not go up, but more sales were on the
tapis than had been registered for some
weeks past.
Il News of the appropriation for the
cable which will connect the Mainland
with Honolulu, comes to some of the
dirt sellers as good news in their line
of business. Said one of the prominent
real estate brokers upon the subject
yesterday:
THE passage of the cable bill means
whole lot to the future investment of
capital in these islands, and especially
in Hololulu properties. The benefits to
be derived from cable communication
with the Mainland. and therefore with a
mans businesses wherever it may be,
means communication with his purse
strings. These advantages may not be
appreciated by people who have always
lived in this country. They have little
idea of what telegraphic communication
means to a man of business who is
travelling about
"Of my own knowledge | can quote
several Instances where people of
means who were visiting here for a
short time, have had to put off making
certain deals which they had in con-
temptation. owing to the lack of means
TO communicate with their banks.
The Territorial bill passage has
stimulated the interest in Honolulu
properties. but the real reason why a
great deal of the offerings of small
pieces of land are made is because the
banks have again called in their notes
and ask for cash redemption. What
does that mean to a man who has suf-
fered by the presence of the plague?
He has to sell what property he has in
order TO meet his obligations. Other
wise, you may rest assured that the
property would be held onto with a
tight grip until the American laws are
entirely extended over Hawaii. IL is
our belief of course that real estate
values are going up, and we are not
alone in that belief either
The fact that Edward POLITE has gone
into Wall street to conduct his growing
stock transactions, and the listing of
Hawaiian sugar stocks on the New
York market, brings a prospect for in
creased demand all along the line OF
Hawaiian stocks and real estate.
The tracts along the Kaimuki ridge
are rapidly assuming the appearance of
a townsite, and additions are being
made to the listed properties in that
district. A. +. Cooke Is opening up a
new set of lots mauka the Gear. Lam
sing tract. and the McCully tract Is well
on in the initial stages of breaking up
into desirable building lots.
The greatest activity in building still
continues to be in the Palama section.
especially around the corner of King
and Liliha streets, where the new
Chinatown is gradually crystallizing.
Long rows of two-stQry veranda struc-
lures are rapidly sprouting up in every
direction, this being especially notice
able on the Eva side of Liliha street
between King and School. By night
time, the appearance of the street gives
one an impression of old Chinatown.
Board of Trade.
Citizens are proposing that Board
of Trade be established here, where
something of the statistics Of the coun-
try can be obtained by tourists and a
place where everything appertaining to
the country's productions can easily be
ascertained. The entire country has
advantages which if properly set before
visitors to Honolulu, should attract
large capital for investment. One gen
tleman stated he was strong advocate
of such a Board of Trade, which he
thought should be maintained by sub
scriptions from those most interested
in its work With a large room, and
with some one capable and familiar
with the statistics present-some one
suggested Allan Observation-Disclosures
would accrue which would be manifold
in extent.
Several large transactions are in
: the wind, but the real estate men are
, 10th to give them publicity at present
for fear they will fall through. They
are said to be gilt-edge inside proper
ty and presumably in the business sec
ton
LCOne Of the handsomest cottages il
e town has just been completed for a
s. Humphreys, on Judd Hill. 1t viii
be occupied Immediately by the owner
G.. w. Dickey has sold his house AM
r lot on Bates street, Nuuanu valley, Il
Mrs. J. II. Patty, who has added two
story wing to the original building
Mrs. Iaty anu ldnIIy are now OCCuPy
ing the premises.
g. w. Dickey has purchased from l.
A. Thurston lot on Bates street, ad
Joining Bishop Willis, and is building
for himself an artistic cottage. He will
occupy 1t as soon as 1t Is completed.
The perennial hunt for graveyard
site is again in progress. The BoarC
of Health regulation prohibiting bur
ial in the city burying grounds after ;
certain date has again resurrected thu
subject, and committee OF citizens il
, looking at and considering sites. Col
I J. II. Fisher is chairman of the com
mttee.