The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1909-10-12


Significant Realty Move.
The most significant move in insur-
ance circles last week was the forma-
ton of the Kaimuki Land Company,
which filed its articles of incorpora-
| ton yesterday The company has talk
en- over the holdings of the defunct
Gear, Lansing company in the Kaimu-
XII tract and will at once proceed to
place the property on the market.
The officers of the new company are:
F. f. Steere, president; Charles A.
Stanton, vice president and manager;
| Frank Thompson, treasurer; L. G..
| Pratt. secretary, and w. p. Roth, treas.
urer. Other prominent local men are
interested in the concern though the
active management will be in the
hands of the officers named.
Twelve hundred and ninety-nine lots
pass into the possession of the new
Kaimuki Land Company through deal
inst consummated with the trustees of
the defunct Gear, Lansing company A
part of the land has been subdivided,
while the remainder yet remains to be
cut up. This will be done as rapidly
as possible and the lots will be placed
on the market.
There are about three hundred lots
in the first parcel which will be offered
for sale. Two hundred of these are
on the Waikiki side of the Kaimuki
tract. This side of the tract has already
been subdivided and many lots have
been sold out. The two hundred that
yet remain unsold are scattered. On
the Waialae side, where as yet little
or nothing has been done in the way
of subdivision, small block will be
cut up Immediately.
All these lots will have n front
age of seventy-fve feet and a deptt
of $50 feet. Road work will be done
in those sections where the land has
not yet been cut up and the property
will be made thoroughly desirable
from the standpoint of the homeseeker
1t is the ambition of the company
to make the Kaimuki district the resi-
dence section of Honolulu, and no land
will be sold to persons who might be
considered Objectionable to other prop
ertyholders. BY the same token nc
cheap or unseemly buildings will bt
allowed to go up. In fact every effort
will be exerted TO keep the new dis
trict n thoroughly desirable, attractive
residence district.
Low-Priced Stocks Active.
Low.priced stocks held the center Of
the stage on the Exchange last week
The prices of those shares which have
been furnishing the signs of life TO,
weeks past had advanced to point
where there was little possibility OF
extensive trading and the less popular
stocks profited in Consequence.
The first shares to feel the effect OF
the activity were Olaa. The first sale
of Olaa during the week was at 5.375
at which figure 100 shares were
snapped up. The price then advanced
to $50 and later to 5.625. The figure
dropped back again to $50, but the
shares were strong at that price and
trading was heavy. Toward the latter
part of the week the extensive salei
again forced the price up, something
more than 300 shares going at thu
rate of 5.75. The price then dropped
back to 5.625 but the last recorded
sales yesterday were at the threequar
I tiers again. The total sales during tn
week amounted to 2O96 shares.
I While the popular attention wa
riveted on Olaa, McBryde suddcnl!
took a new lease of life. This stool
! has been so little in demand for SOM
time that investors have almost los
sight of it.. The first signs of activit,
came when IL became nosed about tina
m effort was being made to get hole
of all of the shares on the market al
! 1875. Nine hundred and twenty.hy,
shares were purchased at that price
and then folk began to wake up, Tn,
price took n jump.
Five hundred and fifty shares ther
sold in good,sized blocks at 4, III,
| next deals were made at 400, ther
500 shares went at the rate Of aces
aud later 800 shares brought l,75, Thii
was the highest price reached during
the week, the next sales being at l,62i
aud the price then failing TO 4,5O
There We're lint little stock In sight
al the latter hgure, In all 2a67 shares
} were sold
Oahu was quioter than Il has been
for some time The stock opened nj
iA aud some iai shares changed hands
al the prleo The next deal, amount.
ing Ga thllty i've shares, Was AT 1910
however
IhoIe Nas little trading in Hutch.
Jason and the prlen strengthened from
1900 ga ~ There seemed 10 bo no
particular demapi ior tho stock ana
thrfe Was 30 apparent reason foT the
advance Ihs stacks stand Wpll hui
du npl hAppeA ~ hs Ia gIeal demsRd
I'd ihis pallirnlAf llme
FRa lll ppi shaW 80 az sifans az