The Hawaiian gazette., 1908-10-13
waialua in the Limelight.

Waialua in the Limelght.
A good deal of interest both in stock.
dealing circles and out of them has
been centered in Waialua during the
week, because of the considerable drop
in quotation which this stock has ex-
perienced in the past month and a
half. Shortly after the dividend had
been increased from one-half of one
per cent. month to one per cent. a
month, the stock went up to $S1. But
this was not maintained, and the stock
has steadily gone down until some sales
were reported on the Stock Exchange
at $50. 1t is pretty well understood
that at the end of the year the divi-
dend will go back to one-half of one
per cent. a month. There seems little
doubt that the plantation will be able
to maintain this rate of dividend at
the very least, and at $S1 share this
is over seven per cent. interest, as an
investment, which, with the money
piled up in the banks awaiting invest
ment ought to raise the price of Waia-
lua considerably above what is is now.
A Deal in olaa Bonds.
During the week one of the transac-
tions of Importance was the sale of
900 of Olaa bonds. The price paid
was in the neighborhood of $92.
Kekaha and wailuku.
The Stock Exchange list during the
week has shown transactions in Keka-
ha and in Wailuku for the first time
for a long while. Kekaha has changed
hands at $l20 and Waikiki at $3.50
Waikiki is paying one per cent. o
month.
Hawaiian Commercial.
A block of 300 shares of Hawaiian
Commercial was reported on the Elk
change sold at $94.25, by the Hawaiian
Trust Company, the seller to have six
teen days to deliver the certificates OF
stock Hawaiian Commercial will un
doubtedly carry over good credit bal
ance to next year, and with crop and
price prospects good there are those
who think exceedingly well of this
stock as an investment.
The Weeks Stock Market.
There has been a fair volume of bust
ness transacted in stocks during thu
week. This is shown by the Stock Elk
change reports. But not nearly all tn
business in stocks and bonds is trans
acted or reported on the exchange
Nearly every broker you talk to vii
express the wish that larger proper
tion of the transactions were reported
but each goes on reporting only sue
as under the circumstances he desire
to make public. No doubt it would b
better, as tending to give more con
plete index of the market, if all til
transactions were reported. But jus
as undoubtedly it will be good Will
before they all are. At the same tim
there is no doubt but agitation of TIL
subject and a determined pressuI
brought to bear all along the line wi
bring about improvement in this dire
tion, to the benefit of all concerned.
Ups and Downs in Stocks.
i The sagging tendency in Eva whic
was noticed last week continued int
this, though the bottom is apparent
reached, and there has been sligl
reaction from the lowest quotatiC
made. Oahu has strengthened up Sigh
ly. There were a number of transa
tions in bonds reported, though nor
of them were very large except IL
Olaa deal, which was not reported c
the exchange.
Dividends.
The expected dividends have been d
clared: Onomea per cent, Honon
per cent, and Hawaiian Commerce
and Sugar Company so cents shar
all on the 9th; and Paauhau and Hutc
inson 10 cents share, and Wailuku
per cent. for the month, on the 10th.
Waialua Bonds.
| Judge Lindsay during the week a
proved of Waialua per cent. bon'
as an investment for trust funds, {
the application of trustee.
| The following are the transaction
of the Stock Exchange during the weel
Monday-15 Oahu Sugar Co., 27.5l
$4,000 Paia IS, 101; 400 Oahu Sugl
Co., 27.50; 90 Eva, 1925; so Honoka
1850.
Tuesday-10 Paauhau, 1850; 5 Ew
26.125; so Hon. b. & NJ. Co., 20; 90 Ew
1928; las Oahu Sugar Co., 2750; $1O(
d Cal. Ref. IS, l0l; 100 Kekaha, 100.
| Wednesday-10 Olaa, 4 25 Paauha
1898; 1872 Oahu Sugar Co., 27.75;
Paauhau, 1880.
Thursday-3O Oahu Sugar Co., 27.7I
$1,000 Paia Is, 101.
!, Friday-10 Paauhan, 1850; 8 On
mea, 80; 25 Waialua, 81; T5 Waialu
80; 300 Haw. c. & s. (seller 16), 94.2I
: $1,000 Haiku 6s, 101; $1,000 Paia Q
l0l; onomea, 80; 20 Wailuku, 100.
Saturday--l5S Kekaha, 100; 10i
ookala, ~; Q Oahu Sugar Co., 27.7!
$, s Nahiku Rub. Assess, 30.