The Hawaiian gazette., 1902-11-04
SHARES GO
Up A LITTLE
Sugar Securities Now
on Better Basis
Here.

Within the month which has just
passed the Hawaiian plantations have
advanced in value. taking the values of
the shares on the local board as the
basis OF the appreciation. some $1,000
600. These figures are based, not only
on the selling prices of the shares, but
on the bid prices on the streets, which
in many cases exceeded those which
have been the ruling ones on the
board
Expectation, ii might be said even
certainty, of Republican success has
caused the investors to take up the
various shares, until the advances
since the beginning of last month have
been such that on the markets of the
mainland they would be called phe-
nomenal The list has advanced as a
whole, and while some stocks may have
shown an appreciation out of the ordi-
nary, IT was due more to special fea-
lures than to the general better feel
ing in the market.
Placing Eva at the head of the list,
thirty days past the better feeling was
just beginning. The stock had de-
clined under the pressure of the de-
VI III anu WHtH llc
month just closed opened. that stock
was quoted at 1925. When the month
of October closed the stock was at 1923,
and the feeling was so strong that a
point must now be added. This alone
would mean an addition of nearly a
million to the value of the plantation,
which has been regarded as one of the
best on the islands.
But this plantation is not the only
one which has seen an increase in its
stock by the growing better feeling
which has been the outcome of the
sentiment for better government,
which is expected to result from the
victory of the Republican forces. Ha-
waiian Sugar Company one month ago
was worth only $50, and now the price
bid for stock which is practically off
the market, is 1923. Kahuku is not one
of the speculative plantations in the
general sense of the word, but where
it's stock was held at $40 month
past. the price bid for the shares today
is close to that which is asked, $24.
kihei plantation has added to its
stock an advance of 81 a share during
the period, and the price asked is 50,
or 81 advance, and yet no stock has
come out. M'Bryde was at So a month
past, and now there is a bid of $3.50
which means an advance of 81 $50, 900
on the stock of the plantation.
On this island the principal specu-
lative stock, perhaps, is Oahu, and
while on the last opening day the stock
was at $63, the bid price now is $50
and the asked price is $40 above that
figure. Ookala has added to its asked
price SO, and there is none of the stock
on the market.
Olaa, while there was only so per
cent. paid on the assessable at the
opening of last month, has had put in
the treasury only 81 share, and yet
from a price of 1915, the stock has
been run up to $3.50 bid and a half
point more asked. The paid up stock
of the corporation has advanced within
the month So a share, the price then
being $3.50.
Pioneer Mill Company has shown,
during the period under discussion an
advance of S. a share all around. but
this is laid in the shade by the addi-
ton to the sale price of Waialua of
SIS on each share. or the entire list
the shares of Wailuku have shown the
SiehlcSI app ttldtiol, NitH lioul a
sale at $3.50 the stock went up to $500,
and there is now on the shares a figure
of 1925 asked.
These represent the ADVANCES in the
sugar shares which are listed on the
local exchange, and there has been on
the other industrials an advance quite
in proportion in one stock, Oahu Rail
way and Land Company, where the
shares have gone from SS5 to $95
within the month.
These appropriations will show the
advances in the value of the various
securities more than sufficient to in
dictate that there has been the growth
of five millions in the wealth of the
Territory within the month which has
seen the growth of Republican senti-
ment.