The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-11-04
BERREY'S COMMERCIAL REPORT
Honolulu, November 1, 1902.

hOuOluiu, november /, lSU2.
Now comes the good tidings from
San Francisco that the Stock and Bond
Exchange. of that city is taking a much
keener interest in Hawaiian securities.
The listing of the first mortgage per
cent. bonds Of the Honolulu Rapid |
Transit and Land Company, with bid |
ding for the same at 106, also consider
able trading in sugar shares at in
creased prices, are evidence of the
awakening. Arrangements have been
perfected for the listing of the Oahu
Railway shares on the San Francisco
board during November. 1t is believed
that the shares will be put on the mar
ket at 100 Railway shares changed
hands at 77.50 in September, but adj
vanced steadily through October to
sales yesterday at 90, which was the
closing bid quotation.
Latest advices from Williams, d.
mond & Company give the price of
sugar in New York at 1895 cents; San
Francisco at 3.25 cents. Beet sugar
| in the London market is selling one
quarter higher. This is explained by
the fact that the trust has bought
heavily in Java. and in consequence
has large supply on hand. This fact
has enabled the trust to keep the price
of cane sugar down.
Williams, Dimond & Company say
that there is no doubt but what this
seasons European beet crop will fall
far short of that of last year as the
result of the unfavorable weather pre-
vailing this, season, but the extent of
the shortage will probably remain I'M
certain for some time. Mr.. Giesecker
has given as low an estimate as $780,
600 tons, which is 100000 tons short
of last years crop, but this estimate
is not generally accepted. Private tel
egraphic advices received state that
LIGHT estimates the European beet
crop at 5,S50000 tons, against last
years crop of 6,S43,00 tons"
Exceptional good feeling prevails in
Honolulu because Of the better sugar
prices. Trading has abated some be-
cause of the absence of sellers in the
market. Wailuku sold yesterday at
270, an advance of 20 points. Kekaha
sold at private sale at 200 Honomu
is 10 bid. Olaa paidup is II bid with no
sellers. Several hundred Hawaiian Su-
gar shares were reported at %. Eva
sold freely at %, few shares being
quoted at 231s and 23A. Pioneer is 20
bid, and Waialua is sought after at
$3.50. McBryde is bid. OokaIa adj
vanced from to s. Inter-Island is
strong at 20 bid.
1t is now certain that at least three
fourths of the share holders of the
Wailuku, Hawaiian Agricultural, Ho-
ncmu and Onomea will sign the merg-
er agreement. The coming crop of the
Hawaiian Agricultural will far exceed
increased water supply.
The Waialua stockholders will meet
on November to consider the matter
of securing the Wahiawa water.
This years taxes, together with the
delinquencies of previous years, are
estimated at about $3.50, 000 The
greater portion of this amount will
have been paid by November Is. The
banks will be called upon TO meet the
heavy demand for money, and as re-
suit the money market is sure to tight
en-. The present system of locking up
government revenues in the Territorial
vaults works great hardship on the
business community. A bill is now be-
ing drafted to introduce before the
coming legislature, which has for its
object the designation of one or more
banks as Territorial repositories.
/ The mortgage Indebtedness has in
creased since our last report s117,-
095.13.
The following instruments have been
filed during the last fortnight:
| 10 Deeds ........-...........$ 81, 505.1S
% Mortgages ................. 100000
5 Chattel Mortgages ...... 4,549.6s
% Releases ..-............... 27,4S4.55
26 Leases, Bill of Sales. Power of
| Attorneys, Assignment of Mortgages,
Assignment of Leases, l Assignment
of Fire Claim, Can. L., Agreements,
Aft. of Foreclosures, Adj Scy., II
| Co. P, 1 Dis. Co. P. 2 D. Adptn., IL
| Rel. D.
| SALES FROM THE HONOLULU
STOCK EXCHANGE.
| s. Waialua at $3.50.
20 Ookala at s7.121k.
| so Olaa, a., at $500.
| 10 Olaa, a., at $500.
30 Olaa, pd., at $500.
10 Olaa, pd., at $1,000.
10 Honomu at $4,000.
32S Eva at S22.oO.
80 Eva at $3.50.
205 Eva at $500.
6 o. R. & L. Co. at $500.
1000 O. r. & L. Co. Bonds at s103.75.
1000 Kahuku Bonds at s101.0O
40 Kahuku at $1,000.