The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1901-12-17
BERREYS COMMERCIAL REPORT
The ssmmony Brsys Commercial agency
condiio follows:

-
upon a new year. Predictions made
by some financial prophets a few
months ago that the local money mar
ket would be considerably easier in the
first days of 1902, bear no evidence Of
fulfilment at present. 1t begins to look
as though things would remain pretty
much the same until March or April.
At that time returns from the sugar
crops will be coming in. It 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 be 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 fifty-ive bid.
Kihei sold well during the past few
days at so per share. McBryde is
S. 80 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
81 so per share. A few shares of
Hawaiian Sugar transferred at $50. 1t
is understood that this company has
practically completed arrangements for
the hotation of first mortgage bonds, |
na "a
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 he proposes
to bring the plantation up to an an
nual yield of % 900 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 $132. so; Kahuku Of |
fered at $24.5O; Kipahulu offered at
$1O5: Koloa a 1855: Ookala, SO bid; Olo-
walu offered at $40; Pacific Sugar
Mill offered at S210; Paia at $3.50; |
Pepeekeo at $175. and Waimanalo $155
bid. Pioneer Mill will call in a third
assessment of $25 per share on January |
1st 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 $50. 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 a 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 a major
ty of the property owners along each
street. Rapid Transit shares gradual '
y declined to 800 per share. The last
transaction in Rapid Transit was the
sale of fifty shares at $50.
There has been little demand for
ponds during the past fortnight; quota s
ions remain practically about the
'ame. one hundred and fifty thousand :
# Oahu Sugar Company. bonds were
,hrered al par. -
Inside real estate has been inactive; =
esidence properly has been moving
ome: three of the new Campbell prop
rites on Wilder avenue have been dis
'osed of. and some residence properties /
n Kalihi have sold lately at fairly
-ood prices.
The mortgage indebtedness has in
reased since our last report s6S, sos. a.
The following Instruments have been
led since our last report:
{ Deeds ACKNOWLEDGEMENTS. $24.l5S 90