The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-01-01
TRADE IN DECEMBER WAS
EMF

For number of purchasers the best
years were equalled, but amounts by
detail and in total were smaller than
for former seasons. The slowest quar-
ter of the year 1902 was the third. In
some respects it was discouraging, in
deed, but there is now a more hopeful
feeling all along the line. Collection
work and effort in December, together
with attempts at cash transactions,
developed the grim fact that ready
money was actually scarcer than at
any time during the whole of the
twelve months. There is money in
banks and with other financial factors,
but when it can be secured by borrow
ers it seems to soon find its way back
again to the big strong boxes.
The per cent gold bonds of the Alex
ander Young Building Company have
been offered on the local market. The
investment is an attractive one The
new issue of Pioneer Plantation Com
pany bonds have been listed on the
Honolulu Stock and Bond Exchange
There is said to be now a better pros
pect for the sale abroad of McBryde
bonds. Mr.. Walter M Giffard has sold
his seat in the Honolulu Stock and Bond
Exchange to Mr.. H. P. Eakin.
In the stock market here the month
opened with activity in EVA, Olaa,
McBryde, Pioneer and Hawaiian Sugar,
with fairly earnest effort to trade ii
Wailua, Rapid Transit, Hawaiian
Commercial, Telephone, Hawaiian
Electric, Wilder Steamship. and Inter
Island Steam Navigation Company.
For nearly three weeks there was bus
mess on the board and between ses-
Jo,I A1arN
eve of the holidays and the cable arriv-
al, market lull, but without changing
quotations to any great extent At one
time Eva reached s2450 which was
the top figure before the dividend was
cut from 1 to " of 1 per cent a
month. Hawaiian Sugar and Honokaa
are firm and advancing here. Ookala
has surprised many by taking rank
as an investment stock. McBryde is
in demand at the bargain figures. In
ter-Island is strong. Rapid Transit
and Oahu Railway are the solid bonds
The real market feature is that there
is not now, with the single exception
of the veteran Hawaiian Commercial
an assessable stock on the market.
Olaa assessable was the last to disap-
pear.
The sugar future is bright. The la
Dor situation is better.
The war in refined is over, and it
advances steadily Raw SO is around
four cents, and there are confident pre-
dictions that it will in good time reach
very close to five. Death or suspen-
sion of dividends explains in a few
words the scarcity of ready money
that reached its most marked effect in
December. One estate, that in 1901 had
an income of 100000, had but $500
in 1902. Other estates and companies
and individuals to the hundreds were
hit as savagely. Mill outputs are now
going forward and it is more than
likely that in March there will be a
general resumption of dividends. This
will not only bring good times here
again. but will, without doubt, draw
money from the states for investment
not only in stocks and bonds, but in
real estate and other enterprises.
Local people are now agreed on the
Federal building promised to Homo
lulu, in exchange. to some degree, for
the heavy custom house tribute paid
by the city and in acknowledgement
of its growth to the needs of new
postoffice, etc. The piece of land chos-
en- is 165 feet on Bishop street and the
same on King.
Waterhouse & Company will expand
their business very much in 1903
Lewis Brothers, grocers, will soon
move to the new Levers & Cooke
building on King. I. Livingstone will
be the haberdasher in the Young
building. He is now on the Coast buy
ing stock. Mr. Sturtevant has opened
up drug store in the Oregon block
The Hebron Drug Company has estab-
lished branch drug store in the !
Sachs building, Beretania street G. G.
Bockus has been gazetted as business
manager for the Evening Bulletin Pub |