The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1904-10-18
BERREYS COMMERCIAL REPORT.

The mid-month business situation is
by no means unsatisfactory. Very few
complaints are heard. The volume OF
trade is ahead of the corresponding
term last year and collections are bet
ter. This is due largely to the splendid
sugar condition but as we'll to the mag
nificently courageous manner in which
the commercial community has worked
out its own salvation. There will nat
urally be a few more changes yet re-
sultant from the shrinkage which set
in about five years ago, but it may
be asserted or stated as the fact that
reedjustment is practically consumated.
The present conditions and the means
by which they have been accomplished
or brought about speak volumes for
the business acumen and good sound
Judgment of the men who have over
come so much of adverse circum-
stances.
It is about twenty-four months since
there was anything like the activity in
stocks that the market at present
&sows The group of brokers who have
kept the exchange alive during the semi
dormant period are now reaping well
earned reward in the shape of a pretty
steady flow of good sized commissions
into their various offices. The leading
stocks and bonds are all in demand
and firm with upward tendency. There
has been a slight falling off in Eva
and OIaa, but both are still keenly
sought after and such well known ones
as McBryde and Kihei are regaining
some of their old time popularity. Ho-
nokaa has been steadied by resump-
ton of the monthly dividend of ten
cents q share. Quite a number of in
yestors are after Pioneer, Hawaiian
Electric and Rapid Transit.
What of the future of sugar? Well,
they say on the mainland now that
wheat is going to two dollars. The
other cereals, including rice. must adj
vance materially and sugar, as a staple,
cannot fail to be sympathetic and re-
sponsive If it does, then all the rules !
OF trade will be twisted up and cast
aside. Consumption on the mainland, |
in Europe and Asia is greatly increas-
ing. Cane conditions here and in Cuba !
and Java are well known. The Euro !
pean experts give US the most complete ,
and reliable and certainly to US very /
data concerning the beet
cr&ps and the beet sugar.
Abolition of the bounty has given
beet growing a heavy setback in Eu-
rope. Let US submit the concluding
figures on the beet production statistics
from Sept 1. 1902, to the present time.
The data given is the beginning of
harvest. When the crop now being
.aken off is milled. there will be de-
icinecy in supply of 100000 tons, and
Of course the demand is vastly in
creased. This simply spells great pros
,erity for Hawaii. The leaf-hopper is
III but conquered and the labor pro-
,lem has lost nnuch of its seriousness
There will be ample reason to fill the
stockings full when Christmas arrives
his year.
|
more in building. Please, Messrs. Busi-
less Men. be good enough to get to-
yether' on the matter of site for
Federal building. Every day you quib-
Die over it is day lost in the affair.
Likewise and also don't, whatever you
10, let up on tourist promotion work
\ new complaint from collectors. They
ay that the superintendent for one OF
he local steamship companies drive,
hem off the wharves and with hearty
augh informs them that mariners don't
lave to pay their bills according to law.
rhe Honolulu Sugar Co. has put in
,efnery at its plantation to be used If
necessary. The Oahu Market Co., King
stzsst near River, has Incorporated.
96pp & Co, furniture. are leaving their
I'D stand for the Young building. Her
bert Young. of Young Bros, launch
business and diving, goes to the coast