The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-04-03


sued by Berreys Commercial Agenc.
has the following to say of curren
events:
This semi-monthly is not encouragin,
| in all respects. Complaints are mad
about the tightness of the money mar
limited because of stress of circum
stances. There is a manifest DISPOSE
| ton to meet demands, and yet finan
cial disability for liquidation. TIL,
streets are haunted by rumors that so
and-so would fail, or foreclosures would
take place here and there, but chasing
them down to facts. they were found
| to be mixed with hot air.
Street rumors that local financial in
situations were charging 8 per cent OF
renewals have some foundation. We
are informed by local bankers that they
could loan all they wanted at 10 pei
cent on first-class security. This plair
| statement should not be discourag ing
| because all business to greater or less
| extent depends on confidence.
Building continues quite active
| Those furnishing supplies are of course
doing a good business.
Mortgage indebtedness is increasing,
and yet this increase does not indicate
shortage. but is purely the excrescence
of deals indicating future confidence.
Banker Damon found a very happy
condition of affairs among the Kona
coffee planters. They are receiving one
cent Qc) more per pound for their prod
uct than was paid this time last year.
The stockholders of the Nahiku SUI
gar Company. at a special meeting held
recently, authorized the leasing of the
Nahiku water rights to the Hama Plan
tation Company for an annual payment
Of five thousand dollars (s50o0). This
will yield a per cent return to the
stockholders on their investment.
Articles Incorporating the Union
Land Co., Ltd, will be filed with the
government within a few days. The
company will capitalize for one hum
dred thousand dollars ($100, 000), and ats
purpose will be to fill in POI lots makai
of King street. between Piikoi and
Sheridan streets. The estimated cost
of the filling is estimated at thirty-five
cents (35c) per cubic yard. Cotton Bros.
are considering the proposition of fill
ing in with dredgings from the harbor.
The proposed officers of the company
are: A. F. Judd, president; W. r. Cas-
tie, Jr., treasurer and manager; B. M.
Lansdale, secretary.
The Honolulu Paint & Wall Paper
Co.. Ltd, with a capitalization of twen-
ty-fve thousand dollars, will be organ
lied this week. This corporation will
absorb a similar concern in this city
which has been doing good business.
Collectors say last months collec-
tons were slower than in previous
months during the depression. These
times are very trying on the nerves
of the bill collector.
There seems to be an abundance of
money seeking gilt-edged real estate
stock brokers that bankers with cap
ital are beginning to make advances on
sugar share securities.
The financial difficulty with the Ore
gon Building Company is now being
by the creditors. 1t is prob
able that a settlement satisfactory to
all will be evolved.
Persistent rumors are afioat that thej
suit, which occupied |
the attention of Judge Humphreys
court the greater part of last week, will |
be settled out of court.
Sugar share quotations and planta-
ion bond prices are quite clearly |
shown in the February sales. as fol-
ows: 1918 Eva at $3.50 to $24.00; 100
Hawaiian Sugar Co. at $26.75; 5 Homo
Saa at s11.00; 1877 Kihei at s11.00 to
1925; As Oahu at $4,000; so Ookala at
500; 80 Olaa, assessable. at $3.50 to
600; $50 Olaa, paid-up, at $1,000 to
1875; SO Waialua at $3.50 to $500;
0S Oahu Railway and Land Co. at
5000; 500 Oahu Railway and Land Co.
onds at $104.25: 1000 Oahu Plantation
onds at 800: 100 Waialua Agricultural
20. bonds at s101.50.
The Dividends paid today include:
Brewer & Co., per cent.
Kahuku, 1 per cent.
Waimanalo, z per cent.
Eva, / per cent.
Oahu, II per cent.
Olowalu, Y per cent.
Hawaiian Electric, Y per cent.
NEW FIRMS.
Shung Hop. tailor, Hilo, Hawaii
Fook On Co., shoe manufacturers.
honolulu.
On Hing & Co.. dry goods. Honolulu.
kawate, general merchandise, Homo
Ilu.
Metropolitan Co. Ltd, waimea, Ka-
nj.
ALES OF HAWAIIAN STOCKS AND
BONDS ON SAN FRANCISCO
STOCK EXCHANGE.
40 shares Hutchinson s. P. Co, $3.50. =.
05 shares same at s13.37is. "
so shares same at s1325.
80 shares same at $500. a.
so shares Paauhau at $1,000. a.
30 shares same at s11-O0. az
90 shares Kilauea at $3.50
90 shares Honokaa at $1,000. .r
% shares same at s110o. az
IS shares Makaweli at $500.
IS shares same at s26.25. a.
30 shares same at $500. az
80 shares same at S26.25- 90
SO shares same at s24.oO l..
80 shares Hama at $3.50. a.
So shares same at 1925.
20 shares same at 1915. &C.
DO shares Hawaii c. & S. Co, SOS. so.