The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1901-10-05
COMMERCIAL.

/ 80
Of the would-be purchasers want the
very bottom prices and the result is
that while there Is a much greater de-
mand than there is a supply, more bids
than offerings the prices have not i'm
proved to any extent Though there is
a chance that there will be some lower
quotations marked Up, the immzd ate
prospect is that there win be stronger
market before there is any substantial
decline There are many buying orders
on the books of the brokers but 1t is
impossible for them to get the blocks
wanted.
The feature of the week was the sale
of Hilo Railroad bonds, the 500, 200 Of
the new issue being captured without
any band playing. This perhaps will
be all of these bonds which will be put
out here. The reports from the coast
are that there will be good price paid
for bond back of which is a substan-
tial company, and this leads to belief
/ IL the report that b. F. Dillingham; will
sell the rest Of the HiIo Railroad bonds
in San Francisco. The demand for 9TH
er bonds is as good as ever, and there
seems to be no let up in the desire of
| the old reliable hackers of Hawaiian
| enterprises to take all the securities
that may be put out, of this kind.
/ The market for shares was without
| special feature, though railroad stock
seems to have been off a shade during
the week. While there were sales at 50,
the taker being regarded as an insider
by the street, there are rumors of sales
even lower than that figure, but there
have been no such reports on the FIX
change. Another stock which has not
| figured in the published reports but
which is being traded in rather extern
| sively and sensationally, is Hawaiian
Agricultural Company. This stock has
been on the decline for some time, hav-
ing come down from about $500. There
Will be sales reported within few days,
the agreement having been made yes
| terday, for a transfer of this stock at
$780,
AS marking the end of the active
week there was a block of 400 shares
of Eva sold yesterday between boards
which was not long in the search of
| taker. The block was in the hands
of Lovekin, and was taken by Carter
at 25 While this was a quarter below
the ruling quotation, it was large
| block, and the sale was made without
any cutup at all. which was desirable,
owing to the fact that there was a
speedy return desired. Ookala is re-
ported down to 50. and there seems to
be a tendency to hammer some shares,
especially of the outside plantations
| Taking it altogether there is a better
| feeling, and one which will send the
market up with some sort of move
When dividends begin to come in more
rapidly. There will be a sorting out
of the stocks which will prove gilt-edg-
ed soon, as the plantations are reported
pau grinding with the exception of
Eva and Kahuku, where grinding will
| be completed very soon. There will
be reports within a short time which
| will show just what may be expected
from oeach company.
REAH ESTATE AND BUILDING.
It was almost a clear sheet during
| the past week In so far as real estate
| sales invent. The market has nothing
| of interest in it at the present time,
/ though there is a feeling that with
the Strengthening of the shares mar
/ <et there will be a better chance for
the men who want to dispose of their
real property. While there have been
no sales to record which are of mo-
ment, there are several building. pro-
jects which have reached the impor-
tant stage. The plans for the Hall &,
Son building are in the hands of the
contractors, and the bidding will be
concluded next week. This building
without doubt will be of stuccO, as the
| firm want it In the shortest space of
time, and this will not permit of TAX
ing the months necessary to send the
plans and have the terra Gotta made.
Architect Traphagen has made plans
for both kinds of structure and will
have no difficulty in getting plenty OF
bids on both sorts of construction
Among other proposed structures
which will be offered for bids during
the coming week will be the Young
Women's Home and the SwanZy resi-
dence The former will be located up
on the upper end of Pensacola street
while the latter will be upon the slope
of Round Top, on the Eva side of the
Manoa road, and about half way VI
the hill. 1t is understood that this
will be one of the best residences in
that section of the city. The plans are
by Dickey & Newcomb. The brewery
people are contemplating an addition
to that structure, and plans have beer
made, but nothing will be done unit
after the meeting OF the board next
week.