The Hawaiian gazette., 1901-12-17

On less than "a furinight We N.ll enter
urun now year Predictions mad"
10y some financial prophets few
months ago that the local money ~ .--
kct would be- considerably easier In the
first days of 1902, bear NJ evidence II
fulflmfnt at present. II begins 20 look
as though things would remain rrrtty
much the same until March or April
At that time returns from n" sugar
crops will be coming In. II might also
be borne in mind that by that time
preparations for the laying of the great
Pacific cable will be well under way
and foreign money viii b. seeking gilt
edged investments which are To be
found on every hand nowadays. The
foreign investors who are thoroughly
familiar with Hawaiian securities are
certain to anticipate the enormous adj
vantage that this great commercial en-
terprise will bring to the islands.
In the meantime the stock market Is
exceedingly quiet, Sales have been
made of Eva at twenty -four during the
last two weeks. oahu is changing hands
at 800 and Waialua is fiftyfive bid.
Kihei sold well during the past few
days at $40 per share. McBryde is
$3.50 bid. An assessment of 81 per
share will be called by the Olaa Com
pany this week: this will make the as
sessable shares GO per cent or $12, paid
in. The bid for assessable shares is
$3.50 per share. a few shares OF
Hawaiian Sugar transferred at $50. IL
Is understood that this company has
practically completed arrangements for
the fotation of first mortgage bonds.
the money to be used for the purpose
OF constructing a new ditch, which Will
take In a considerable area of the new
cane land. Willow A. Baldwin, for
merly manager of Kahuku plantation,
has taken charge of affairs on the Ha-
waiian Sugar Estate and ne proposes
to bring the plantation UP to an an
nual yield of 1000 tons, within the next
two or three years.
Other quotations made on the Homo
lulu Stock and Bond Exchange are:
Hawaiian Agricultural offered at $3.50;
Honomu offered at sl32.50; Kahuku Of
fered at s24.5O: Kipahulu offered at
s1O5; Koloa at $685. Ookala, 80 bid: .Olo
walu offered at $40; Pacific Sugar
Mil offered at $40; Paia at $3.50:
Pepeekeo at $l75, and Waimanllo s155
bid Pioneer Mill will call in a third
assessment of s25 per share on January
list. This will make the assessable
shares. issued for the development of
electrical power from mountain water,
10 per cent paid in. Paid-up shares are
Offered at $40. and aSsessable. $50 paid
in. at s. below par.
There have been no dealings in Mer-
camille or miscellaneous stocks. except
the Honolulu Rapid Transit Company.
This security advanced steadily from
$3.50 to 1874 share, as direct result
of the favorable decision recently rem
dered by Judge Estee in the United
States Federal Court. AS a result of
this decision the Honolulu Rapid Tran
sit Company is now privileged to oper
ate upon any streets in Honolulu, after
having secured the consent of n major
ity of the property owners along each
street Rapid Transit shares gradual
ly declined to $50 per share The last
transaction in Rapid Transit was the
sale of fifty shares at $40.
| There has been little demand for
bonds during the past fortnight; quota
tons remain practically about the
same. One hundred and fifty thousand
of Oahu Sugar Company bonds were
offered at par.
Inside real estate has been inactive;
residence property has been moving
some; three of the new Campbell prop
critics on Wilder avenue have been dis
posed Of and some residence properties
in kalihi have sold lately at fairly
good prices.
The mortgage Indebtedness has in
creased since our last report SOS, SOB -.
The following instruments have been
filed since our last report:
ma