The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1909-12-07
Commercial Review


The better business is, as a rule, the
less business news there is. Business
has been good the past week, but the
business transacted was not of the kind
that creates news. There were no big
transactions, no amalgamations or mer-
gers, no large bankruptcies. Business
was simply good, that was all, and that
is enough to satisfy the business in
terests.
There was not great deal doing out
side of the stock market. Real estate
is still at a standstill, which, however,
is to be expected when the stock mar
ket is active. There have been no land
sales of any Importance reported
though few are still hanging fire.
The reported amalgamation of Maka-
well and McBryde plantations is vigor-
ously denied by representatives. of both
concerns. Alexander & Baldwin have
not vet taken over the agency from
| Davies & Company, but it is confidently
| expected that the deal will be made.
A committee representing Alexander
| & Baldwin went over to Kauai this
week to look over the plantation, and
| yesterday a wireless was received from
| them saying, Committee is satisfied
| with the reports.' This is interpreted
to mean that the prospective agents are
of the opinion that it would be good
business for them to take over the man
agement of McBryde and that this will
be done in a short time.
Looks Like Kona.
Really the most important factor
this week from a business standpoint
is the weather. AT the present writing
all indications point to a kona, and this
is good news for the plantations and
for all interests which are directly or
indirectly dependent for their success
upon good sugar crops and prosperous
season. Rain is badly needed in all
parts of the territory, and the prospects
of kona look good to the sugar in
terests. 1t has been many months since
there was a good, hard rain and a gem
eral storm would mean dollars to the
. community at large. Aside from eco
nomic reasons, there is a great deal
of typhoid and other disease about the
territory, and a general rain would
greatly improve health conditions.
Stock Market Strong
Although there have been no sensa-
tons on the stock market, the market
has been very strong all during the
week. Nearly all stocks have been in
heavy demand and prices of nearly all
listed have advanced perceptibly.
This is due, not to any artificial BOOM
but to general confidence on the part
of the buying public. 1t is known that
crop conditions are better than ever
before, while the sugar market is very
firm and the prices quoted are higher
than for many years. The quotations
for the new crop promise to open un
usually high, and everything indicates
that the coming year is going to be 6
prosperous one for the plantations. I'm
der such conditions general advance
in the price of stocks is to be expected
and there is no reason to anticipate
any serious reaction.
J McBryde Still Active.
4 McBryde still continues to hold tn
n first place in the selling list on the ex
, change, and the transfers of this stool
during thepas week have been heavy
An average price of $3.50 has bee
maintained, though the stock has sol
= up as high as $6.75 and down to $6.2
- during the week. Despite the denial
y of any prospective amalgamation wit
y Maxwell, the stockholders appear t
W regard the prospects of the plantatio
as warranting better prices, and seller
are much more scarce than buyers.
;. Waialua Advances.
n Waialua has been particularly stron
- during the week and has made an aG
!. vance that might almost be regarde
!. as sensational, if the transfers of stoc
had been larger. That they were nc
larger was due to the fact that holder
:. We're not anxious TO part with thei
p, stock and that little came out. Th
]. stock opened at $l22.50 and closed ye
terday at $l24, with Sl26 asked.
Pioneer Goes Up.
Pioneer is the strongest stock no
listed on the market. il sold last MOI
% day at $3.50, but went up 10 Sl92.50 IL
the last sales, with little offered an
Z. holders standing out for nothing LEI
: than 5000. After the session closed ye
a terday the stock sold on the street 4
- high ~ sl93. There is no boom in II
stock, however, The monthly 81 div
dend aud the excellent prospects of Il
plantation being sufficient 10 draw OF
Investors money
Olaa dropped little behind Mi
bryde this week. closing yesterday /
1925 Ne against $3.50 FOR the kAul
plantation stock. fair amount (
trading M the stock took place durir
M the week, with tbs result that Il spgg'