The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1909-05-23
COMMERCIAL NEWS
Continued from Page Four.)
Will Take Up Loan.

One of the important features of the
week is the statement that the Camp
bell Estate will take over the loan to
the Kapiolani Estate Company, Ltd
from it's present holders, the German
Savings and Loan Society, of San Fran
cisco. This transfer is pointed to as
an indication of the good financial con-
ditions now prevailing in Honolulu,
and shows an ability to take up the
loans with local money The taking
over of the Kapiolani Estate loan is in
general line with the return of local
securities to the Islands, most of which
have been held in San Francisco and
the returns of which is simplifed by
the conditions prevailing in the Cali
fornia commercial capital
There was a noticeable movement in
the stock of the Mutual Telephone com
pany during the course of the week,
incidental to the merger of that com
pany and the wireless system. The
committee that was appointed to con-
slider the solution of the questions that
arose in connection with the problem
I of amalgamation, has worked success
fully. AS already stated the committee
has recommended that the Mutual Tele
phone company retain its charter, the
franchise and other assets of the
wireless being sold to it, and payment
being made in stock of the Mutual, for
which purpose the capital stock of the
Mutual will be increased
The question of the adoption of auto
matte system rests almost entirely up
on the nature of the report that IS
submitted by Mr.. Gartley as result
of his Investigations of the practical
working of the system on the main
land If Mr. Gartley does not find that
the automatic system could be adopted
with profit in Honolulu. the present
system will bes improved and placed
npon a basis that will mean a decided
betterment in the service. All of the
, interests involved in the proposed mer-
ger are represented on the committee,
and no difficulty is expected in reach
inc final arrangement satisfactory to
all.
Planning New Structures.
Building activity is generally a good
basis on which to base an estimate OF
a community g progress and according
" Honolulu is more than maintaining
it's usual rate in that connection. A
number of new homes and several busl-
ness structures will be erected IN the
near future and the architects are busy
on the plans.
The usual amount of activity has
been noted in real estate circles dur
ing the course of the week. The IN
creasing popularity of the kalmuh DIS
trict as a residential section has been
indicated in the transactions OF the
realty department of the Hawaiian
Trust Company for the week. The
company reports the sale of eight lots
at Kaimuki
Another Kaimuki realty transaction
is renorted by the Real Estate Elk
change. that concern having purchased
EIGHT acres from the trustees of the
Gear. Lansing estate, and the property
will be used as park tract, some lots
in which have already been sold.
One of the most important pineapple
deals vet accomplished is the sale Of
the Haiku Fruit and Packing Company
Ito the Hawaiian Pineapple Company,
which now has controlling interest
IN the concern. The successful compile
ton of the deal places the only Maui
cannery in the control of the Hawaiian
Pineapple Company.
There will be no difficulty in secur-
inp thousands of Portuguese lmml-
grants under the operation of the plans
that are now being formulated, accord
ING to the statements of those who are
familiar with the conditions now pre-
va;i;n0 in the dominions of King Man
mel II is stated that 'Fhard times" are
now prevalent in Portugal, and that
this is the most important reason for
believing that willing immigrants to
Hawaii can be had in any numbers
The Territorial Board of Immigration
, is continuing it's work of gathering
data bearing upon the questions IN