The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-11-04
SHARES Cd
Up 4 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 $4,000
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, it 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
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-
crease in dividend, and when the
month just closed opened, that stock
was quoted at 1925. When the month
of October closed the stock was at $23,
and the feeling was so strong that
| nf CT he, o6
would mean an addition of nearly
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 it's
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 500, and now the price
bid for stock, which is practically off
the market, is $23. Kahuku is not one
of the speculative plantations in the
general sense of the word, but where
it's stock was held at 500 a 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 SO,
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 $1750, 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 So a share, and yet
from price of s3.75, the stock has
been ruin up to $3.50 bid and a half
point more asked. The paid up stock
of the corporation has advanced within
the month S. 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. OF the entire list
the shares of Wailuku have shown the
greatest appreciation, when from a
sale at $3.50 the stock went up to $500, |
and there is now on the shares 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 $S5 to S95 !.
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 -.r