The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1910-04-09

recapitulation of the future of wire
less telegraphv. There can be no doubt
on that score, but it must be remem-
bered that the United Wireless company
has not a monopoly Of the business by
any means. It is doubtless true that
the largest part of the world S wireless
business today Is handled by the United
Wireless company, but there is, for in
stance, the Massie company IN the field,
and that company owns some of the
most valuable wireless patents extant.
In field such as the wireless no com
pany can hope to keep a perpetual mo-
nOp0Iy unless it owns some basic patent
which assure the elimination Of success
full competition. Such is not the case
in this instance.
The editor of this department has
made inquiries at the various banks of
this city regarding United Wireless.
the First National and the Bank of
Hawaii could furnish no information
concerning the status of the company.
Bishop x Co. declined to make public
any Information regarding the company
without a written ORDER from Fiscal
Agent Scale, Cashier Bottomley stating
that the bank never gives out any in
formation regarding is clients
in Leslie s Weekly Of March 10 I" JAS
per- the financial writer of that paper,
in response to queries from corresond-
ents, says:
1.-The persistency with which the
United Wireless stock is being hawked
about the country at a preposperous
price has attracted wide attention. The
claims made to you are absurd. | ad-
wise YOU to have nothing to do with
the proposition. "
And:
''Leave United Wireless and Collins
Wireless Telephone severely alone
And
Il have repeatedly advised against
the purchase Of United Wireless.''
Under date OF March n "Jasper'
writes:
'SThe price of United Wireless indi-
Gates good deal of manipulation in
making it. Leave it alone"
Sarcastic Comment.
In the United States Investor Of
July 10. 1909, ?. De Medeci writes in
part as follows:
"Merrily on goes the skyrockety jig
in wireless stocks. There appears to
be no tagging in the acceieration. while
the mercury dallies around par. but if
anything. augmenting energy appears
in unmistakable evidence. Several hun
dred more lives are saved by wireless
every once in a while; the total, L
understand. is at the present time about
5000, which probably constitutes the
respectable percentage of ten per cent.
of the 10000 astute investors in this
country who are now the fortunate pos
SCISSORS of wireless stock certificates.
''United Wireless is beyond perad-
venture of doubt the peerless leader
in this wireless stock boom. The world
wide and ever increasing demand, so
it is represented, has advanced these
shares to 300. where they now mo-
mentarily rest. but | am confidently ad-
vised from inside sources that the pause
at this figure is surely only momentary,
and any delay in securing some stock
certificates at the present price is like
" to result in sad and bitter disap-
pointment. because it can not be pre-
dicted how soon the stock will advance
TO 1000. that altitudinous point touched
once by Northern Pacific, and passed
only by few bank stocks in this coun-
try.
'When the ordinary Wall Street
stock gets to 300. it j. neglected by the
general run of investors and Specula
tors, because they regard a stock sell
ing at this figure as strictly IN the
gilt-edged investment class. and from
their standpoint out Of reach on ac-
count of the cost Of carrying charges.
They designate stocks selling at such
prices as a rich man 5 investment. This
Is not 50, however. with the wireless
stocks, because their par value has been
conveniently made ten dollars instead
, of 800, SO if YOU have even only thirty
dollars, you can get i'll on rich man 5
gilt-edgA stock, which is selling at 800
per cent. of its par value.
''Another great advantage is that
YOU can have either preferred or com
mon shares. The preferred does not
pay anything now, and probably never
! viii. But should there ever be any
earnings for dividend disbursements,
the preferred would have the first claim
to the extent Of seven per cent, and
after that the preferred is fully par
ticipating. and shares equally with the
common. AS he company is like to
soon be distributing 100 per cent. or
200 per cent. on the par value IN divi-
! dends, j. G.. small matter Of from
10,00O,0 900 to $20000,O00 a year. the
prior claim of the preferred stock of
seven per cent. will be small and
negligible matter.
at should be noted. of course, that
if You are willing to be handicapped
by waiting a couple of years before
YOU sell your certificate. and you surely
would be little short of insane to even
think of selling any such valuable