The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-08-05

The conditions in the business world
3 covered in the reports of Berrey's
Agency for the last fort 4
light of July, show many changes. The
circular letter sent out to subscribers
8 as follows;
From San Francisco comes the rumor J
that the Achison. Topeka and Santa
Fe Railway Company is negotiating
for the purchase of the Oceanic steam
ship Co. The consummation of such
deal will be of material good for these
islands from a tourist trade point or
view. The Santa Fe is the only sys-
tenn owning It's own rails from san
Francisco to Chicago, enjoying the
closest connection with lines operating
between Chicago and the Atlantic Sea-
board It also controls the Southern
california Railway and the San Fran
cisco and San joaquin system. Inc
Santa Fe system operates its road-oeo
with crude oil. thus avoiding CONSIDER
able dust, The locomotives use oil ex-
clusiyeIy. These improvements make
the route preferable to tourists.
The news of the death of John w
MacLav the promoter of the Pacific |
cable enterprise, which came by the
last steamer. will in no way impede
the progress of the cable to Honolulu
The dealing in Eva shares was the
center of interest among the sugar
buyers during the past fortnight. In
the neighborhood of 1000 shares were
recorded on the Stock and Bond Ex-
change at 24t5. The action OF Oahu
Sugar Company and kahuku Planta-
tion Company disseminating their dlvi-
dends had a strengthening effect on
EVA There seems to be every llkel1-
hood that Eva will be able to continue
| her dividends throughout the year, even
with sugar selling at a still lower price
| tban ~ present Kahuku Plantation
fAu of 10 221z asked, and Hawaiian
sugar to Big Oahu which had been
selling at S71k previous to the dlscoh-
tinuahce of it's dividends is now onered
| at S2Is. Kihei is offered at 10, and NC
Bryde offered at ), no transactions pc
ling recorded in either. Pioneer has
Weakened. the last bid being $50. wal
Iuku dropped to ESQ and Walmea MIN
to GO. WaiaIua sold at IS. the present
asking quotation being 5615 wanna
ualo is strong at 15715. Kipahulu was
offered as low as 10
The monthly report Of the Honolulu
stock and Bond Exchange shows 1S0I
shares of Eva sold at 2412. 40 shares
of Hawaiian Sugar sold at %, 90 snares
of Kahuku sold between y ana zS,zo'
"a Kihei at TO- 80 McBryde at >, Is Oahu
at s71s. sS5 Olaa assessable between )
and 81. So Olaa paid up between, "a
25 Paauhau at u, 100 Waialua at 90,
20 Hawaiian Electric at S7k, and 81
Honolulu Rapid Transit at 65. Bonds
to the amount OF $4,000 were disposed
of. the bulk being Hilo Railroad con-
solidated six per cents at par.
| The real estate situation continues
iouiet. The only transfer of Importance
we have to record is the sale or Inc
large residence directly opposite MI
Ii. F. Dillingham's on Beretania street
to Secretary H. e. Cooper.
The sale was made by Henry wafer
house &. Co. as Trustees for the Camp
bell properties. The price is under
stood to have been $4,000 cash, which
1 for a property 14e by 1877 it.. contain
ing 2s1So so. IT.. together with a large
residence, shows a weakening OF prices
| There is considerable building in the
vicinity of Punahou.
| Contractor Redward is pushing the
construction of the Swanzy house. Tnt
III A. Isenberg house Is being entirety
rebuilt and rumor has it that c. n
Cooke contemplates the immediate
erection of a large residence on Keeau
noku street property.
In the business district there 's ht~'
new except that VIM. Mulch will short
lly begin the erection of some ston'
front stores on Hotel street, Eva o
Maunakea street, while the property Il
the rear has been leased TO hui which
will erect new Chinese theater
The early opening of Ward street an
the new drainage system Will materi
ally benefit the Kewalo property Whlc
has been inactive of late.
In general, there is little demand 10
property, but owners are by no mean
discouraged, feeling that there are re
forced sales in prospect and that VII
. returns of the dividends from the plaI
tations prices will recover.
+ The mortgage indebtedness has il
= lcreased since our last report $l,4o4
7 1927.
The following instruments have bee
Z filed the past fortnight:
\ 81 Deeds .s 117.o44
On aTorte,o,ee >. 231. 765
I ChatteI mortgages $500. ao'S sos
| Is Releases ....-.-.------ 11o'-So
Z Mortgages at per cent -2,Ooz' o0o
Z Mortgages at per cent lol'Ooo
! Mortgages at 7Ia per cent. loi'UoV
= Mortgages at s per cent l4O94
Z Mortgages at 9 per cent 4a'ooo
z Mortgages at 10 per cent 5'39l
! Mortgages at IL per cent. zoo
n Mortgages at 10 per cent *oI
p leases, 8 assignments OF mortgage
~ assignments of leases, power OF
torneys, bills of sale, agreement
assignments.
EXCHANGE.
4-,,.,--;,,o. 80 Tho current rates