The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1904-11-20
CONNIE RCIAL- NEWS
Continued from page -
STOCKS AND BONDS.

1t has been a strong week on the
local Exchange, with the market for
Hawaiian stocks in San Francisco
leading the pace. Here Eva has gone
up Csc, Kihei soc. and 81, Waialua IS,
and Pioneer and Oahu each $780, as
compared with the highest figures the
previous week. In San Francisco II.
G. & S. Co. has made an advance of 81
to $74 and other Hawaiian stocks have
/ been active and rising. An advance in
| the price OF raw sugar in New York of
a quarter of cent pound since yes
| terday week, together with authorize
| tive reports greatly increasing the beet
sugar deficiency, influenced the stock
, market. The following dividends were
announced on the 18th; Mutual Tele-
phone Co., 2 per cent; o. r. & L. Co.,
| 1-2 per cent; Oahu Sugar Co.. L. per
cent, and Pepeekeo Sugar Co., IL per
! cent. Transactions reported by the
Honolulu Stock and Bond Exchange
for the week were in detail as follows:
| Pioneer Mill Co. (par 5000, ten
! shares and twenty shares respectively
! at $122, two blocks of ten each at
| $122.50; Wilder's Steamship Co. (par
| 5000, five shares at par: Kihei Plan
tation Co. (par 500, blocks of 100, so
and 81 shares respectively at SO; Wai-,
I alua Agricultural Co. (par 5000, blocks
! of 100, 120 and 20 shares respectively
/ at $50: Honomu (par 5000, 65 shares at
| $125; Eva Plantation Co. (par 500. $50
and $40 shares respectively at S24: Ho-
| nolulu Rapid Transit, common (par
| 5000, Is shares at $65; Oahu Railway
/ 6 per cent bonds, $1,000 at los; Oahu
Sugar Co. (par 5000, ten shares at
| $3.50; Hawaiian Agricultural Co. (par
| 5000. so shares at par; McBryde Sug-
ar Co. (par 500, 68 shares at 81.
MATTERS IN GENERAL.
| There is a feeling of disappointment
| in mercantile circles over the tardi-
ness of general trade in getting any
| appreciate benefit from the improved
sugar situation that lis now becoming
an old story. Although it must be re-
membered that the greater portion OF
this years sugar crop was marketed a.
j head of the rise, yet much of it did
receive and is receiving the higher
prices and there may be causes for the
degree of depression lingering in the
lap of prosperity unconnected with the
i returns on sugar. It would seem in
order for the Merchants Association
: 70 dppO1Ht d ISlQ Qdy 1OT tie
i sion of conditions of local trade. Mean
while the writer of this weekly review
| win be grateful for any ideas of BUSH
ness men on the subject which may
| be offered
Besides the planters convention al
ready referred to, the week saw an
other important industry represented
| in the annual meeting Of the Hawai-
| A W;
| body discussed behind closed doors an
! alleged production of beef and
mutton in this Territory. Such a pro-
position has appealed to the humorous
sense of the community, in view of
| the fact that meat prices OF late have
/ doomed fish market privileges and Civ
en- a distruct impetus to the cause of
! vegetarianism. Charles Gay, a large
ranchman, is seeking the control of
! the entire island of Lanai for the bust
ness of meat production.
Treasury conditions are better than
| has been the case for years at this
j period Tax collections have been
| heavier than for two years past. The
| Treasurer announces his readiness to
pay all outstanding warrants tomor-
row. These amount to about $3.50 050
| and there is half a million dollars of
| current revenue in the vauIts.-The
Governor has appointed a Public Ac-
counts Commission. empowered by the
Legislature to devise an improved sys-I
| tenn of Territorial finances.-Bids have
been opened and a contract will prob
ably be made forthwith for the dredg-
ing of the Alakea street slip, which
will greatly increase the accommooa-
| ton for large ocean steamships in Ho-
nolulu harbor.-The United States Gov
eminent has ratified the purchase of
| lands for Notifications at WaiaIae and
Puuloa to guard notwithstanding to
say, a $4,000 contract offered this week
attracted no bid, it being a second call
for tenders for combined jail and fire
station at Wai1uku
After holding back for some time
the Chamber of Commerce has Joined
the Merchants Association in the re-
solve to continue the work of the Ha-
wall Promotion Committee In this
connection it has been a subject of
common qualification, on the arrival of
a mainland mail the other day. to find
an advertisement of the Pacific Mail
Steamship Company prominently dis =.
played in leading periodicals, attract
ing attention to the Pacific route for !
tourists with special mention of Hal
wall as an object of interest therein |
A trust deed of the Honolulu Gas
Co, Ltd. has been recorded. It COW
ers an issue of 100000 in bonds of
which it is reported that $3.50 900 is !
taken in San Francisco together with
nearly all of the capital stoek-An eff
fort is being made in San Francisco
TO rehabilitate the project of develop
ing Pacific Heights, one of the finest |
scenic suburbs of Honolulu. and as
well to have the electric railway there
to reopened. made part of the Hono-i
lulu Rapid Transit Co.'S system and !
extended to the loftier heights of |
Tantalus.
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CLUB or COLLEGE MEN.
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