The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1907-09-22
COMMERCIAL NEWS
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Centrifugals SO degree test have held
at $40 a ton in New York all week.
European beets have gained 80 cents,
the parity now being $S1.70 ton. Will
lett & Gray's latest mail advices say:
I'm Europe the tone and tendency Is
toward a constant, steady advance.
Here the disposition is to follow Eu-
rope as slowly and conservatively as
practicable This means forced
paying of higher prices for raw sugars
in the future, and a corresponding in
crease in the value of refined. The
latter has been neglected too long by
many buyers and its consequent dull
ness keeps our raw market so far
below Europe
Regatta Day left the Stock Ex-
change one day short of sessions, yet
the five days had not the business of
one average day when business is live
Ter Prices of Hawaiian securities in
san Francisco, at last mail dates, ran
close with the local market. Here the
recorded sales for the week have been:
H. c. & S. Co. ($10O), 30, 6 at 81; Eva
$500, 10, 40 at 25.37 IL; Waialua ($100).
5 ar $3.50; IL S. y. Co. ($100), 20, 5
at 125: Oahu. Sugar Co. (s20), Is at
s3.75: Honomu (s10O, 10 at 1870; Kihei
$3.50, los at $50: o. r. & L. Co. 6's,
$4,000, $1,000 at 100; Waialua 5's, $780,
500 at $3.50; Honolulu r. T. &
L. Co. 6's. $1,000 at 1O6; Cal. Ref.
as, $1,000 at 100; Pioneer SIS, $4,000 at
10S. Some of the Kihei stockholders
are again agitating the subject of
amalgamating that company with Ha-
waiian Commercial and Sugar Com
pany.
GENERAL ITEMS.
An arid tract of land on Maui has
become suitable for pasturage through
the influence of algaroba trees that
have overrun it. AS a result native
Hawaiian fishermen plying their voca-
ton upon the adjacent beach have APP
piled to the government for homestead
aIlotments of the land. Twelve lots
will accordingly be settled on the 999-
year lease plan. It is the land of Ka-
maole between .Kihei and Maalaea
Bay. Seventy years ago Father Bach
eliot planted one algaroba tree, which
still lives, at the Catholic mission in
Honolulu and from its seeds this beau
tiful and useful species of. forest
growth has spread throughout the is
lands The instance here related of
its value for reclamation of desert soil
is an object lesson in the utility of
forestry.
Nineteen lots of the land of Kauna-
mano, Kau, Hawaii, varying in size
from 24.7 acres to So acres, partly ag-
ricultural and partly pastoral, viii
shortly be opened to settlement on
right of purchase leases. available to
any citizen Of the United States.
Applications covering $500 acres in
the Kapapala tract, Kau, the lease of
which is shortly to be offered at auc-
ton. have been rejected. The reasons
given are that the portions desired,
being fertile pockets amidst lava
waste, are necessary to give value to
rhe whole tract, and that the sum like
" to be realized from this sale would
not pay for building the requisite roads
10 the new settlement that would be
created if the lots were. occupied by the
buyers.
A. p. Mcdonald has been awarded
the contract for building the Wailuku
courthouse, at a price close within the
appropriation of $4,000. Plans are be-
ing made in the Public Works Depart
arens for courthouse at Kailua, there
being an appropriation of $4,000 for
the purpose. President Pinkham of the
Board of Health has gone to Waimea,
Hawaii, TO select the site for the In
dustrial farm and home to be estab-
ushed for bringing up the healthy
young boys from the Molokai leper set
Element.
According to Fleet Paymaster Lit
tell, the four cruisers lately here spent
over $4,000 in this pofx.
Ocean steam arrivals for the week
have been the Thomas from San Fran |
cisco, the America Maru from the ORR
ent. the Nevadan from San Francisco,
the Moana from the Colonies, the Santa
Maria from Port Hartford. the Hong |
kong Maru from San Francisco, the
Rosecrans from Gaviota. the Aorangi
<rom Vancouver and the Siberia from
the Orient Departures have been the
America Maru for San Francisco, the
smiral 0lry for San Francisco, the
Thomas for Manila and way stations, /
the Moana for Vancouver, the Mary
land, Colorado, West Cirginia and
Pennsylvania (eruisers) for San Fran |
cisco the Hongkong Maru for the ORR
emit, the Siberia for San Francisco, the
Aorangi for the Colonies and the Ne
vadan for San Francisco.
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