The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-06-07
COMMERCIAL NEWS
EDWARD N. BOYD.

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- What is being don in the way # te taking u OF the Fire. Claims bond.
is Tot sufficient to make n N feel that there is am immediate nro~a. 49,.
the amount will De turned inoc ash very quickly. 1t seems that the arauaa-
of the cash have lot com to the front with their nmd $500 me 1@
vas expected. the buyers are holding cash on hand TO AXE tban With
the prospect that it will b a long wat before all are offered.
The payment If the cash ges oil undsturbed, though the golden s+u.u
has degenerated into a mere ttckle just DIV. There is a decided holding
the old ne crowd do not "e a ahmt claimants nam ants for III no me knows tut
place Thereh has developed, o. a decided tendency on the part Of aimanf
to expect hat they will receive a higher rate for the bonds than has YETI been
offered This IS fanacous, for there will be no larger price unless it may be
in isolated cases where a BAN gives the figure to accommodate a customer
p 'U umb the banas I n@T t r n t5 sm desire on tbs par Of the banks to load
- - ~ now mat mere Is al immediate prospect that the Terri
toHal bonds will be Out pretty soon n these VIII offer a better field for
Son of the financial men of thu city are of the belief hat it Will take
some int for tbs Territory to sell it's bonds. i've per cents at ss There a
belief thai the bonds will sell well when they have become known N the main
land but for the present it is felt lat there should have been a greater margin
or dseout rang hi feeling is lot sharedby the governmen officials,
n think hat there wn be a market for these bonds now hat it is apparen
There has been some little feeling that the shortage in the treasury cash
might prove oarras7l ut it is evident that the people of the Getty will lot
Treasurer as % offers to supply his IA up to s5OOOO n this Will
tide him yer until there is again a grow in h receipts of He taxes. How
eSr it seems plain that there will not be the full the quarters of a million
needed To nav tbo cu~snt e1nansas dnr+n~ 49, brS - 49, N No. Hn
KoNA DEAL PARTLY SETTLED.
The saIeo # the Kona property las been confirmed. nd o h men who
have Undertaken to reorganize h property will nay time tic turf rou ad
md n Is in pr0spect for "a new deal IN the southern side Of the big island
rangements were made by r w. Single, OF his Henry waterhOuse Trust
n a sharing basis If this goes along as well as the prospect is hat it will,
there should be money! enough in sight to repay every Itfscate of the two
receivershps to give the officials farc compensation, nd to make everything
easy fOr attorneys others who ave been It work trying to say the
What will be done in the future is a question which no one is nOw a to
answer or to speculate upon either. ne OUTLOOK seems TO be that the owners
OF the lands in the vicinity viii be given a opportunity to get together with
Manager Conant each som agreement whereby the makai lands may be
leased to the plantation a a fair rental If thish po@fbIe these and will
ms the proposition 20 sugar men of experience. They will ave a N opportunity
to Indicate h "a they will dc. II o N of the big houses will undertake to
handle the proposition, it would appear unlikely hat it will De III through
II this Zeal M waterhouse Trust Company is simply trustee for many claim
ants such as the supply men,, some laboHrs, m Others u it has n % other
capacity, N will OF undertake % run he plantation.
SUGAR COMING OFF WELL
While o n h big island Mr. Single IA told hat Hutchinson has now
b h manager 5000. The work at Pahala is progressing favorably. One
m seems to be set at rst by a message which h received before leaving
for this city.
Manager Mstocker of oaa teephoned that at that m the olaa mill
hd turned N above 1900 ton of uga This is doing vey well indeed,
And what indicates hat tbs output may Re greater perhaps than was estimated
is that Mr. MStocker said there "a ahead Of the estate five weeks more
work. II this don it wOulds seem keyth hat with twelve hours wor there
should be turned out 100 tos a day and h" totalw would be u p to the estimate
made al the annual meeting
From III entire windward sid Of n island came good reportsa nd the
feeling among tn uga men is Of the best
SLOW MARKET LOCALLY. |
There as been very ue dong during the week past in stocks. The
has been featureLess the men wo usually by stocks keeping out OF
the trade justn w THERE is money verywhere for good loans ~ there
no disposition to BUY
NON nde the influence II n dividend. has taken a tun n 100
shares of the stock we're sold at SPA an advance OF 81 There a some
more IF his stock sold during HI week, Tut there has been n % reports OF It.
TWENTY-FIVE Oahu sold at sO2 So which is a smaId drop, III is taken to mean
Rapid Transf at $3.50 closed the ansacto OF the week The whole list
may be said to b e weaker.
REAL ESTATE QUIET.
Tbareb has been little but the usuaI transfers of small lots doing N real
estate some of the money from Fire Clatmsh as ben used in getting hold
IF small pieces in Chinatown, ant there promises to be some building mere soon
The work On TIT widening n Strengthening o. the Walaae road Is 10"
or, n the Kaimuki holders are expecting added inquiry there
There is bemg made air progress on te various low Tow uhdlng
The ONem block is being occupied.