The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1902-02-18
HAVE FAITH
IN HAWAII
San t-ranciscans
Ready TO Make
Purchases.

u was most pleasantly disappointed
tn Hud that business Ia san Francisco
was very good. as affecting the ISL
ands aud that there was plenty OF
money there to invest IN matters here d"
Mr.. \. 49, Wood, Of VI. Waterhousc a
Co. who returned from san Francisco.
had this TO say of the results OF his
trip 90 the Coast Continuing. he said
"Of course, there Is little new money
going into sugar stocks In san Francis
co just now. There have been several
things which have caused us a black
eye. The decline in Hawaiian Com
/ merCial was one of them and another
was Waialua. The most conservative
and the heaviest buyers of course un-
derstood the reasons for this kind of
thing but the small men have been
slow to see what has to be done in the
matter and SO they simply rail, and
find believers. The feeling seems to be
against purchasing of sugar stocks at
this time, and 1t is likely that there
will be nothing done until there has
been at least "A general showing of sup
port in the shares here. OF course there
are buyers who want to get In at this
time, and they will see what is to be
done here very soon. In fact one cap
italist, whom l know, and who has
been promising TO come here for some
time said he would come down at
once, owing TO the fact that there are
such low prices, and IL is wisest to see
how the public here treats Hawaiian
stocks so that a line may be had on
the securities of the country
when the San Francisco people are
offered a good business proposition.
such as a bond or real estate invest
ment, there is a great amount of money
to be bad. There is a feeling of great
interest in things Hawaiian on the
Coast, and there seems no doubt but |
the various bonds which are being Of |
fered and the plans to obtain loans
there, will be attended with success. |
The matter which took me to san
Francisco involved the interesting of
persons in things here, who had never
before made any investments in our
securities. There seemed to be a most !
cordial feeling on every hand
THE weather in California was very
cold. There was frost and ice In outer
Oakland late in the morning and there
seemed no doubt but ii would do a |
great amount of harm. There was a |
snowstorm in Southern California one |
day, when all over the rest of the State |
there was n fairly good temperature |
This gave the San Francisco papers |
chance to get back at Los Angeles and |
they took it. The fact Is that fires |
We're most acceptable for much of the |
time and San Francisco had colds as
well as cold.
Il look for many pilgrims here dur
ing the next six months and that there
VIII be many good investments made.
Hilo and Oahu Railroad bonds have an
excellent standing there, and are both
bought and sold frequently
1T Is an odd matter how taxes af-
feet our loans. ! could have done some
business with an Oakland bank, but
thelr taxes on money loaned would
amount to Sob per annum, ana as a
consequence no money in hand. This
Is only dollar thousand above what
the tax rate is in San Francisco, so
the bank cannot compete with the men
from the larger city for business. In
general the business outlook is excel
lent, Money can be had in plenty in
san Francisco, and 1t is going out into
the channels of trade
While ! did not go on to Washing
ton, II was the opinion of business men
that there would be little done as to
Cuba during this session, and further
that II there was anything done at all
II would NOT exceed an allowance of
20 per cent on the sugar. This may
meet with a fight. ! believe the Gu
bans would have to take this and keep
quiet for some time, but if they are
not given anything they will make a
big fight, and perhaps get more next
time. Everywhere the outlook for Ha-
wall is better"