The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1904-09-22
BERREY'S COMMERCIAL REPORT

One OF the most important and sig
nifcant stock deals closed during recent
months was announced on the Elk
change on the 18th inst. by Mr.. ]. r.
Gait, of the Hawaiian Trust Company.
A block of III c. Brewer & Co. goes to
eastern mainland parties at $500 per
share-an advance of SIS per share over
the last sale" figure of the security.
The old, old house of C. Brewer & Co.
has an international reputation, like the
Co." are known as live and energetic
people, full of enterprise and excellently
managed. Brewer & Co. are amongst
the most important of sugar factors and
the fact that down east people are an
xious TO get the stock at this time
shows that there is fullest belief in. the
permanent restoration of confidence in
sugar-the staple of Hawaii nei!
Sugar is still quoted at 4.255c. Euro
pean markets are affected by reports as
to weather, indicating that there has
not been sufficient rainfall in Germany
to improve the prospects of the crop ma
terially.
Messrs. Williams. Dimond & Co., UNI
der date of September Sth, report that
the. raw sugar market maintains a firm
attitude. with holders asking higher
prices than those last paid, according
to latest mail advices from New York
under date of the End inst Buyers,
however, appear to have. a sufficient sup
ply on hand to satisfy their require
TO pay any advance. European
beets continue the upward tendency and
from abroad are to the effect
that heavy rainfall is still needed.
Mr.. LIGHTS preliminary forecast of the
next crop reveals a total deficiency in
Europe of 100000 tons, thereby making
the coming crop 5,350,0O0 tons. The de-
crease in sowingsy however, it appears,
in the original estimates. The pros
poets of the next crop of cane sugar
in Louisiana are very favorable, the
last estimate being a crop of $4,000 to
siderable activity and a continued good
demand is looked for with a firm market
after the holidays.
The stock market is active just now
and in spite of the political excitement
general business has improved during
the past fortnight. Waialua is the stock
that has led in the advance. Less than +
four months ago it was drug on the
market Now there is sharp seeking
for it and $50 is probably the lowest !
selling price that will be recorded from
now ON. Eva is wanted badly, but only
q few shares are brought on bid of $23.
Honokaa is steady and advancing. The
same may be said of Kihei. No one /
pretends to say where Hawaiian Com
rnercial will stop.
All registered warrants will be taken
I'D by Decent Der. Registration will be-
gin again then, but under present
schedules the affairs of the Territory
are being conducted within its revenue.
are being made to issue
a second million of bonds. Work is soon
to begin on the great Hawaiian ditch
project. Jacob Coerper is now trying
to buy the famous Col. Norris ranch
IF 200, coo acres on Hawaii. The Homo
ulu water mains are being extended on
8eretania street and Wilder avenue in
Punahou. Business men are anxious to
see some harbor and channel dredging.
as the port received a black eye when
he big new liner Manchuria failed to-
come inside. Russian warships are now
expected here any day. The new Hus-