The Hawaiian gazette., 1909-11-30
Commercial Review

This week has been quiet one in |
business circles, except in the holiday |
retail trading caused by the Thanks
giving demand. Only two business
deals of any great consequence have
been reported during the week-the
proposed taking over by 7. II. Davies
g. Company Of the business of Lewis
& Company, and the purchase by F. A.
Schaefer & Company of over 1900
shares of Pacific Sugar Mill, which deal
gives the purchasing firm control of
the plantation. Real estate shows no
indications as yet of recovering from
the state of apathy into which it fell
some weeks ago, and no large land
trades have been recorded. On the
stock exchange McBryde continues to
be the active stock, 0laa following it,
as was to be expected. Fluctuations
or activity in one of these stocks is
always reflected in the other. Aside
from these two stocks, however, the
sugar stock market has been dull, with
little fuctuation in prices and COM
paratively little trading. Bonds have
shown more activity.
A Mining Stock.
The most active stock in Honolulu
| at present is the one that is not listed
on the exchange-Mountain King, a
| California mining stock. Though most
| of the brokers, being sugar stock men
with little or no knowledge of mining
| stocks. are a little afraid of this out
slider and refuse to handle it except
on orders from their customers, there
has been a great deal of trading in
Mountain King and the stock has jump.
ed up rapidly during the past few
weeks. Some months ago it was sell
| ing on the street here at as low as
twenty-five and fifty cents a share.
Yesterday sales were made at $3.50.
What there is back of the stock few
| of the traders seem to know, though
some who claim to have correct infer.
nation contend that the mine is a good
one and warrants the prices at whi.a
the stock is now being sold. A cable.
4 gram was received here yesterday stat
ing that 80 was being asked for Noun
tain King in San Francisco.
McBryde Is Strong.
On the stock exchange McBryde
opened Monday at 6,121A and fuctuat.
ed between that price and 600 the
early part of the week. About the
middle of the week it advanced to 6.25
and closed yesterday at the half, with
the demand active at that figure.
Though the promised change of agency
has not yet been contaminated, the pro-
posed change seems to have inspired
confidence in the stock and the brokers
believe that it will go still higher.
olaa Parallels McBryde.
The prices asked and bid for Olaa
J during the week paralleled those fol-
McBryde, but the trading in Olaa was
much less active than in the Kauai
plantation stock.
Oahu maintained one price, 32.75, al
week, with moderate amount of trad
j ing in small lots.
schaefer's Big Buy.
The big deal on the exchange was thu
purchase by F. A. Schaefer & Com
. pany of 1887 shares of Pacific Sugar
Mill at 175. F. A. Schaefer 6 Com
pany were already large holders of thu
stock and the purchase of this biz
block gives them the control.
Eva was inactive at 3l.50, with al
advance yesterday to 31.621s.
Higher Priced Stocks.
A few shares of the higher priced
stocks came out during the week ant
were promptly taken up by eager in
vestors. There was almost no trading
in Paauhau, only five shares changing
/ L.
is now being asked. Waialua sold a
l22 and 1880.
The Bond Market.
There was an unusual amount of &C
tivity in bonds and some large sale
were made. Hilo Railroad 6s were i
particularly active demand and the fac
value of those that changed hand
amounts to $31, 900. One block of $l5
900 and another of 10000 sold q
10O.50.
st. Clements Incorporates.
: Articles of incorporation of S
Il Clements chapel have been filed TIL
4 week. This is in accordance with Oh
l of the requirements of Thomas Ma.
one of the founders of the chapel,
donating $4,000 to lift the indebte'
ness of the church.
% Coastwise Suspension.
M One of the most important even
N of the week as affecting the bushes
N interests of the community and,
~ fact, the entire Territory, was the r
ceipt by The Advertiser last Sunda
:. of a cablegram from Washington sta
- ing that Secretary Ballinger recon
~ mends the suspension of the coastwi
:. shipping laws in so far as they app
'r to passenger traffic between these
" lands and the Coast. The news gay
u great satisfaction in nearly all qua
y tiers. All the commercial bodies
,. Honolulu had previously gone on re
p. ord as being in favor of coastwise su
J. pension.
Secretary Ballinger also recoI
mends the amendment of the Territ
u | piul land lauu In ucanr1au.a ,.tstb al