Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1909-12-11
IN BUSINESS eRagIl !Es

Down town real estate came to
the front this week through the sale
OF the N. 8. Sachs block to the G. NJ.
Cooke Ltd. The figure at which the
sale was made put the Sachs block In
the bargain class. At the same time
the promptness with which the offer
Of the block was taken up shows with
what measure of confidence the peo-
pie of large means view the future
of this city. After the 1900 boom
the Sachs block corner was describ-
ed as way OUT of the business Sec
ton, by those who decided that the
city Of Honolulu was done for. 1t
is now quite within the business CEN
ter Of the town and most desirable
property. 1t is understood that Mr..
Sachs sold on account OF his plan
to withdraw from active business.
In the stock market that continues
to hold the greater share of public
interest an inactive list is the clos
ing situation Of week that started
out lively and has in the main been
strong and advancing.
Much trading was done early in
the week in McBryde and Olaa. the
former going to 6.87h and shading
down to 6.25 on the rush Of speculat.
ors to take their profits. and the lat
ter going to ESQ and remaining
strong at that figure. There Is no
reason for the drop In McBryde. De-
tails OF the observations OF the in
vestigating party that visited the
plantation have been gradually work
Ing out among the people on the
street and 1t is stated on the best OF
Authority that the Alexander & Bald.
win interests found the plantation
In excellent physical condition. The
generally strengthened position OF
the plantation Is shown by the de.
mand for the McBryde bonds, which
sold on the Board the latter part oil
the week at 80, the previous sale,
being at SO.
Among the dividend paying stock.
the advance of Pioneer has been :
feature Of the week. 1t Is now
strong at 200. The grinding season
was begun the first of December ant
bumper crop IL looked for.
An extra December dividend O
one per cent has had the effect O
reducing the price OF Waialua. Tn
crowd was disappointed with the pc
hey OF the directors as It gives n
assurance Of regular one per cen
a month that many had hoped 70
IL not expected. The Waialua polio
seems to be to continue the thre
quarters OF one per cent month an
then pay extras. large or small, a
the money may be available. Tn
plantation has never been in bette
physical condition than 1t IL today
There Is some expectation OF none
being taken this year for additions
water development.
Among the other dividend declal
ations OF the week were the notice
of Alexander & Baldwin OF the In
crease OF the capital stock Of Pal
to @2.250,OO0 on the fifteenth and
dividend of 75 cents share. pc
month beginning the first OF tn
year. Haiku stock at the same tim
Is increased to $4,000 and a Z
cents q share dividend.
The Brewery has declared an extr
!. dividend OF thirty cents share pay
able Dec. 20.
Oahu Railway stock has jumpe
to las and remains there. Hawaii
an Pineapple is selling at 1926. An
there is talk of some very gratifyin
action to be taken by Ii
Rapid Transit Co. directors ,
their meeting on Thursday. So tn
stocks outside the sugar list are we
thought Of and represent prosperor
Z business. II Is learned from reliab
source that there will be no increas
OF the Rapid Transit dividend tn
year. There Ia possibility, howeve
, that next year six per cent may
4 paid on common stock.
There Is some talk OF the mark
weakening with the approach OF Il
holiday season, and the grinding SCI
son when the price OF sugar alwa!
goes down. 1t Is possible that this tn
Is justified. but those who undo