The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1909-08-08


Waimea, the last sales of which were
recorded at $50, would have brought
$105 Thursday, had there been any fol
SALE This quotation eased off little
and par was bid on Friday and Satur
day. As matter of fact, it does not
make the least difference what the
price bid may be, for the holders very
evidently have no intention of letting
go. Waimea is little plantation with
an output of something like 500 tons
It is very closely held.
Bonds Rather Quiet.
There was hardly the activity in the
bond market that characterized the pre-
eeding week Some good sales were made
however, notably of Hilo railroad SKIES
These securities are growing in popu-
larity. and $4,000 worth changed hands
during the week at $97.
Pioneer skies were also in demand
and $4,000 worth, in blocks of $1,000
each. brought $104 One batch of Olaa
skies. aggregating $4,000, went at the
rate of 800.
Two lots Of O. R. & L. fves. aggre-
eating $4,000. sold at $101. Honokaa
SKIES showed modicum of activity
at $102.
Big Irrigation Deal.
The most significant transaction in
the financial world during the week,
was the fling of the articles of ineor-
poration of the Parker Irrigation Com
pany, Limited. The capital stock of
the new concern, all paid. up, is $780,
900.
Through the forming of the new cor,
poration, the Kohala ditch project and
the Hawaiian Irrigation Company 8
business both come under one manage
ment.
Colonel Sam Parker. whose name ap-
peare as one of the incorporators OF
the company. assigns $4,000 shares in
the Kohala Ditch Company to the Par
ker Irrigation. This is majority OF
the capital stock of the Kohala enter
prise. MeCrossen pays up his share
of the capital of the new concern, by
transferring $4,000 shares of Hawaiian
Irrigation Company. also controlling
interest in that concern.
The articles of Incorporation aliot the
stock in the new corporation as follows:
Samuel Parker. 74,S99 shares; J. 7. Nc
Crossen, 75.09S shares; J. G. Waller,
one share; Frank Thompson, one share;
F. NJ Lewis. one share.
The officers of the new corporation
are Samuel Parker. president; J. T. Nc
Crossen. vice president; Frank Thomp-
son. secretary; J. G.. Waller, treasurer;
F. NJ. Lewis. auditor.
The articles of Incorporation were
fled Yesterday. They provide that the
Al q
any time. be increased to S5,000,000.
Manoa Valley Active.
Building activity in Manoa valley is
directing pretty general attention to-
ward that attractive part of he resi-,
denee section of Honolulu. Several deals
have lately been closed for building
sites, and more new buildings are prob
ably under way than in any other single
section of the city.
R. r. Felker of the Bishop Trust COM
pany has bought the Felker place in
Manoa valley and eontemplates occupy
ing it as home. This place is on lower
Man0a road.
Attorney Olson, who lately paid $4,000
for lot. 200 feet square. on College
Hills. plans to erect handsome resi-
dence. costing in the neighborhood of
$4,000 Marston Campbell and 4. J.
Gignoux have both purchased lots near
the Olson property. and contemplate
building in the near future.
The Rev. John W Wadman has pur-
chased rlaee ON College Hills near the
home of F L. Naldron, and expects to
build q home at once In the mean
time Mr. Wadman is living in small
bungalow on the land.
Ernest Ross has purchased Walter G.
Smiths place on Manoa Heights.