The Hawaiian gazette., 1902-10-07

That the coming sugar crop of these
Islands will command better prices in the
market is the consensus of opinion among
the local sugar agents. There are some
who believe that the price for raw sugars
will advance to 4 or 4A cents per pound
within the next three or four months.
That belief is based upon the news receiv-
ed by the Ventura yesterday that a
severe frost had appeared in some of the
sugar localities in Germany and Austria,
and in consequence the, crop Will be ma
terially damaged Mr.. LIGHT, German
expert, estimates the growing European
crop at from 100000 to 100000 tons
against G,sOO0OO tons last crop. Mr.. LIGHTS
figures would show shortage of the
worlds beet crop of over million OF
tons. The latest mail adviceS from New
York tell of a steady tone in the raw
sugar market with a tendency favoring
sellers London is correspondingly firm.
Refined sugars are still i'm heavy demand,
but all of the refineries are behind in
deliveries. The present price remains at
343 San Francisco 306.
The representatives. of Rollins x Sons,
bankers, returned in the Sierra. Vice
President Bachelor stated that he and
his associates, were highly pleased with
the progress being made by Rapid Tran
sit Company. He also stated that his peo
way Bonds, and would in all probability,
make further investments here. The Roll
Inns people also made personal invest
ments in Olaa Sugar Company.
Mr. Jacob Coerper, promoter of the
Kona- kau Railway, has reached San Fran
cisco, and will come to Honolulu in the
next Alameda" Mr.. Coerper succeeded
in floating 100000 of the Railway bonds
among Chicago capitalists. This money
will be used for the construction of the
railway. Surveyor w. A. Wall is in Hoo
nululu to meet Mr.. Coerper. He has near
ly completed the survey.
Ii is quite likely that a large paper
mill factory will be established either in
Honolulu or Hilo. Mr.. S. NJ Mayer, rep
resenung the AmcricanTal Asbestos
Company, is now on the big island gath
ering information to lay before his people.
The supply Of bagasse, or cane trash,
in the Islands, Is sufficient to justify pa
per making in Hawaii and will afford the
Seattle Company good outlet for its
tale.
The Hawaiian Stock Yards Company is
the title of a new concern just incorpor
ated. The company absorbs the live stock
and hack business of w. S. Withers &
Co. and the dray business of Lewis
Brothers.
In the share market Oaa asses sabe has
been in demand at 81. Eva advanced to
$50 ana oahu is $50 bid, no sales. Waialua
is sought for at $3.50 McBryde Is 50 bid,
Kihei 81 bid, s. asked. Rapid Transit has
fallen off to $50.
The Packing House Trust is absorbing
all the smaller concerns in the States,
and in consequence, higher prices may be
looked for in canned meats.
Indications are excellent for an advance
in coffee prices, owing to the great in
crease in consumption.
Beans have declined 20 and % cents
per hundred lbs.
An item of interest to local grocers is
the recent action of the Cracker Trust
Combine. in lowering the rate of dis
count from 20 and per cent to and 2
per cent within the past four months.
The war tariff on tea is off Jan !.
1893, and as result the product Is sold
at ten cents per pound reduction.
The mortgage indebtedness has increas-
ed since our last report si5.So599.
80 Mortgages .,................., ly32.92
IA Chattel Mortgages ............ 5ss0O7
Is Releases NEUTRALITY-SUSPICIOUS.. 2200700
9 Leases, Bills of Sale. Z Powers of At
torney, Assignments of Mortgage, AS
signments of Lease. 1 Cancellation Lease,
- Agreements, Co-Partnership, 2
Confirm, Asst. of Fire Claim, Amt. OF
Foreclosure Right Of Way, l Execution
Of Agreement
SALES FROM THE HONOLULU
STOCK EXCHANGE.
20 o. r. & l.. Co. at SIS
10 II. r. T. q l.. Co. at So. 30.