Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1909-04-17
BUSINESS Bright
IN ALL Circles
Real Estate Inquiries
Are Increasing
Steadily
HIGHER SUGAR PRICES ARE
EXPECTED TO PREVAIL
Big Deals Of This Wesk-Hilo Also
Shows Life - Government
Work Means More
Business

The stock market, strong but quiet.
Much more active demand for real
estate of all kinds.
No bonds on the market
This sums up the business situation
for the week in Honolulu, and the
prospect is very bright on every hand.
The two big deals of this week have
been the telephone amalgamation and
the settlement of Ookala plantation
affairs, which were exclusively report.
ed in the Bulletin.
Yesterday afternoon those associat.
cd with the telephone movement had
Il meeting with the engineers and
talked over the situation. The auto.
matte system men will go over the
lines Of the old Mutual and decide on
what is to be done. The work will
probably go forward with all speed.
Walker viii Retire.
The sale of ookala to Theo. H..
Davies & Co. is followed by the state.
mcnt that Mr.. Walker will probably
not remain as manager. In fact Mr.
Walker has been long contemplating
letting up little on the strenuous
plantation life and therefore he will
probably remain only long enough to
settle up the old plantation and see
the new one started in good shape.
! Mr.. Walker has ranch In California
where his family spend the most of
their time.
The recent quotations in sugar are
very favorable Notwithstanding the
slight drop in the price of centrif.
ugals. Two quotations on beets have
come in and now the London price Is
at parity Of 4.20, which suggests that
the next price in centrlfugals will be
upward.
Price Of Sugar.
Private information from New York
states that during the recent rise In
centrlfugals when the price reached
i.O5 the sentiment among some of the
"wisest" men In Wall street was that
the price would go much higher. On
this basis the Arbuckles bought sug.
ars amounting to something like thir-
| ty thousand tons. Then the price
slumped back again. All OF which
shows that the biggest men go wrong
on the market. At the same time II
proves that the men at the center OF
things believe that the price of raw
sugar will be upward.
Ed POLITE says that no general up.
ward movement need be expected until
the tariff discussion is quite out Of tho
way. This does not mean that Pol.
litz is predicting lower prices. He
can't see any low price prospects for
Honolulu at any point In the horizon
Tor years to come. Incidentally every
thing is moving along swimmingly ON
tho Hawaii irrigation Company bust.
ness.
Real Estate.
The real estate market is beginning
to look up. The brokers are reporting
sales and much more inquiry than
has been the case for long list OF
months, almost Years.
The Real Estate Exchange reports
several sales, among them a house
and lot on the Waialae Road at Kai.
muN to Mrs. Emma Sherwood. This
real estate concern will have consider.
able exceptionally good property on
the market in a comparatively short
time.
Trent Co., the Henry Waterhouse
Trust Co, the Hawaiian Trust Co. and
the Bishop Trust Company all report
general inquiry for rentals and pur,
chases. As matter of fact the rent,
ais are getting In such shape that
someone will soon be erecting houses
for rent.
Government Work.
Among the builders the action of
Commander Rees of the Naval Station
In asking for suggestions regarding the
construction of the barracks at Pearl
Harbor Is very favorably commented
on. IN the iirst place 1t indicates that
actual work should begin before very
long, and finally that the specifications
VIII be made out In such manner
That the local men can bid on them
without being in danger of having the
bids thrown out on account of exceed
ing the estimate.
Few people realize the amount OF
work that is now going on and thai
VIII be more than doubled before the
next three months is passed. While
the Pearl Harbor work is going for
ward there is hardly a doubt that
work on the permanent barracks al
Leilehua will begin by the first OF
July or before. The bids for the Pear
flarbdr dock will be let next month
AL