The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1909-12-11
Commercial Review

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was light, however, attention being
chiefly directed to the high-priced
stocks. Oahu was strong at "a all
week, with no variation.
Rarer Stocks.
There were several sales Of the rareT
stocks. One sale of twenty shares of
Mutual Telephone was recorded at
$50. Twenty and thirty shares of Ha'
waiian Pine sold at 1925, and a total
of fifty shares of o. R. & L. came out
at 145. Forty shares of Hawaiian Ag'
ricultural were disposed of at 265
There was light trading in few other
stocks, which, however, offered no sen.
sations.
Bond Market Strong.
A feature of the week was the
strength of the bond market and the
volume of trading in these securities
McBryde IS advanced from 90 to 80
Hawaiian Irrigation Is preferred went
up to 90, an advance of l point. Hilo
railroad 6s were in demand at 10000
The Hilo Railroad extension bonds
put out by the syndicate at 50 plus a
stock bonus, are now selling at 95 flat
without the bonus. A sale of $32, 00C
was made on Kauai during the week
The bond market generally has been
on the climb for several months. Me
Bryde 6s that not so long ago were
selling at SO are now bringing 80
Olaas, selling less than year ago al
90, are now listed at 10000. Waia
luas have gone up to 100.75, from the
90 of a short time ago.
The Hilo Railroad extension bonds
are not listed at present, but it is I'M
derstood that they will be next week
New Bond Issue.
There are strong rumors that Ne.
Bryde is to call in its old bond issue
and put out new bonds, to run for a
longer period This rumor, however, is
doubted by some of the stock brokers
who cannot see what advantage there
would be in the deal McBryde is now
bonded for 50, 100000, which is its limit
and the bonds still have long time tc
| run They were issued July /, 1902
persists, and the general belief is thai
something is in the air.
Alexander & Baldwin have made ur
their minds to take over the McBryde
agency, and this has given buyers con
| fidence in the stock.
Paia and Haiku Increases.
The contemplated increase in the
| capital stock of Paia and Haiku will be
| carried into effect on December Is. Or
| that date the capital stock CT Paia vii
be made $2,250, 900, and monthly divi
dend 81 seventy-five cents a share viii
| be paid, beginning January l. The cap
ital stock of Haiku will be increased q
million, making it $1,500,000. 1t, also
will pay monthly dividend of seventy
| FIVE cents a share.
Dividends.
The Honolulu Brewing and Mailing
Company has declared a special divi
dend of thirty cents a share, payable
December %.
Paauhau and Hutchinson Yesterday
paid regular dividends of twenty cents
a share, and the holders of Waikiki
stock draw down $500 a share.
Ookala distributed S. share Decem.
Der 6.
Sachs Block Sold.
Early in the week n. S. Sachs sold
to c. NJ. Cooke, Limited, the Sachs
block, at the corner of Beretania and
Fort streets, the price paid being SIS,
600. This, however, was the only reaI
| estate transaction of great importance
recorded during the week. Real es
tate still remains torpid and there has
been little doing for many weeks.
The Hawaiian News Company has
leased the land on King street between
Bishop and Alakea streets, belonging to
the Lemon estate.
Y. M. c. A. Site.
The proposed exchange of premises
between the Y. NJ. C. A. and the Ii
brary association, has not vet advanced
beyond the stage of a proposal. A.
Gartley, treasurer of the library asso.
citation, is now on Hawaii ana will not
be back until next Wednesday. Nothing
will be done until his return, but a
definite reply to the proposition made
by the Y. NJ. c. A. is expected soon
after he comes back. The Y. NJ G. 4.
proposes to the library association an
equal exchange of the properties oceu-
pied by the two concerns respectively.
Such an exchange, in view of the fact
that the Y. NJ. C. A. would want the
new library premises IN February for
building purposes, the Y. NJ c. A.
thinks would be fair, as its property
is assessed at $4,000 and that of the
library association at $50 1000. The ex-
ira $1,000 valuation. together with the
increase in value which the erection of
the new building across the street
would give TO the present Y. NJ. c. A.
premises, they M. C. A thinks would
compensate the library for having to
move twice and for having to rent
quarters until the Carnegie library can
be built.
{Ccntinued on Page Ten.)