The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1909-08-10
No waimea in Sight.

$3.50 share.
No Waimea in Sight.
Waimea, the last sales Of which were
recorded at $685. would have brought
SOB Thursday had there been any for
sale. This quotation eascd off little,
and par was bid on Friday and Satur.
day. As n matter Of fact, IL does not
make the least difference what the
price bid may be, for the holders very
evidently have no intention of letting
90. Wamea Is little plantation with
an output Of something like 800 tons.
1t is very closely held.
Bonds Rather Quiet.
There was hardly the activity in the
bond market that characterized the pre-.
| cediDg 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 Mt $97.
Pioneer SKIES were also in demand,
and $4,000 worth, in blocks Of $1,000
each. brought SI04. One batch Of Olaa
skies, agpregating $4,000, went Mt the
rate of 800
Two lots Of o. r. & L. hves. aggre-
eating $4,000, sold at $l01. Honokaa
SKIES showed modicum Of activity
at $l02.
Big Irrigation Deal.
The most significant transaction in
the financial world during the week,
WINS the fling OF the articles OF incOr-
poration Of the Parker Irrigation Com.
pnny, Limited. The capital stock of
| L. oil 10 GI =
900.
Through the forming Of the now cor.
poration, the Kohala ditch project and
The Hawaiian Irrigation Company
business both come under one manage
ment.
Colonel Sam Parker, whose name ap
peare ms one Of the incorpOrators OF
| the company. assigns $4,000 shares In
the Kohnla Ditch Company to the Par
kcr Irrigation. This is n majority OF
the capital stock Of the Kohala enter
prise. McCrOsscn pays up his share
Of tho capital Of the new concern by
transferring $4,000 shares of Hawaiian
Irrigation Company. also controlling
interest in that concern.
The articles Of incorporation nllot the
stock In the new corporation as follows
|
Crossen, 75.0Ds shares; j. q. Waller
one share; Frank Thompson, one share
II. NJ. Lewis, one share.
Tho officers of the new corporation
nre Samuel Parker. presidents j. 7. Nc
Crossen, vice president; Frank Thomp
son, secretary; j. q. Waller, treasurer
i. NJ. Lewis. auditor.
The articles Of incorporation wer'
| do IaI
capital stock Of the concern may, al
any time, be increased to $5,OOO,OOo.
Manoa Valley Active.
Building acfiyity in Manoa valley Il
directing pretty genera attention to
ward that attractive part Of no resi-
denee section Of Honolulu Several deals
have lately been closed for building
sites, and more new buildings arc prom
ably under way than In any other single
section Of the city,
u, II, Telller Of the Bishop Trust c0m
pany has bought the F6llSer place ~
Manoa valley aud eontemplaies occupy
ing II as a home, This place Is on lower
Mnnna road,
Attorney Olson who lately paid $4,000
for lot 200 feet squire an College
| HILLS plans 20 erect handsome fGsi'
denee, costing IN the nolghborhood Of
$4,000, MaTsion Campbell and A u
Gmoug have both purchased lots near
the Olson property, and contemplate
building 10 the near future,
The Rev. John W Wadman has puT
chased a naee on College liills near tho
homo ~ y H. WaldrQni and expects %
| build a home ~ nnen. la the mean
Inns Mr. Wadman Is living IN a small
bungalow on the land
Ernest Rnss has purchased Waller q,
smith . place pp Nanaa Heights.
Ilghl for the valley
II has been decided 10 lipht all af
he main lhQTppghfarps af Nanaa Yal
! 10y with medium eanaIepQNeF neaples